Now playing Next Economy Why did $500 million in cash get stuck at Argentina’s main airport? Argentina has seen a storm of dollar withdrawals ahead of the presidential election this weekend. 20/10/2023
Now playing Next Economy UK inflation remains unchanged but still way above target The UK has the highest rate of inflation in the G7, with the EU due to release its own inflation figures later today. 18/10/2023
Now playing Next Money Shoppers decry ‘shrinkflation’, ‘skimpflation’ as businesses cut costs In its annual Life Trends report, Accenture Song analysts found businesses are sacrificing “customer obsession” to protect profits. 17/10/2023
Now playing Next Economy UK pay overtakes inflation for first time in almost two years Average earnings excluding bonuses rose at an annual rate of 7.8% from June to August 2023 - welcome news for some amid the cost of living crisis. 17/10/2023
Now playing Next Economy Argentina's central bank hikes key interest rate to 133% Argentina's inflation was 138% in September compared to the previous year. 13/10/2023
Now playing Next Markets Record outflow as investors are pulling out of renewables High-interest rates and inflation left the sector's share prices plummeting more than 30% in the past three months. 10/10/2023
Now playing Next Economy The global economy 'is limping along, not sprinting' - IMF report The global economy continues to recover, but GDP growth is going to slow down over the next two years, the IMF has said in its latest economic outlook. 10/10/2023
Now playing Next Economy Countries across Europe grapple with housing crisis Over recent years, housing crises have become increasingly prevalent across Europe, affecting nations of varying economic health. Portugal, Turkey, and even wealthy Luxembourg are grappling with the common challenge of providing affordable and accessible housing for their citizens. 07/10/2023
Now playing Next Economy UK food prices fall for the first time in two years The cost of groceries in the UK was down 0.1% in September from the previous month, according to an industry body. 03/10/2023
Now playing Next Europe News State of the Union: EU-China trade talks & interest rates to stay put The European Commissioner for Trade was in Beijing to temper fears of an all out trade war between the two sides. 29/09/2023
Now playing Next Business Inflation drops sharply in Europe in September The annual inflation was still double the European Central Bank’s target, however. 29/09/2023
Now playing Next Europe News Brits regret Brexit but rejoining the EU is unlikely Protests and demands for the UK to rejoin the EU are growing steadily in the UK, where most are saying Brexit has failed. 29/09/2023
Now playing Next Economy German inflation falls to its lowest level since start of Ukraine war The inflation rate in Germany is expected to be 4.5% in September 2023. 28/09/2023
Now playing Next Economy The German GDP is shrinking by 0.6% this year A new forecast expects the overall German economic output to contract this year, mainly due to a slower-than-expected recovery in the industry and private consumption. 28/09/2023
Now playing Next Europe News ECB interest rates to remain high for as long as needed - Lagarde The President of the European Central Bank (ECB) Christine Lagarde signalled on Monday that borrowing costs may have reached their peak, but will remain high for as long as it takes to curb inflation. 25/09/2023
Now playing Next Economy Sweden's central bank ramps up key interest rate over high inflation The moves comes on a busy day of central bank action in Europe, with the UK, Norwegian and Swiss central banks announcing or expected to announce whether they will amend their interest rates. 21/09/2023
Now playing Next Economy Norway central bank pushes up interest rate, hinting at another hike in December "Whether additional tightening will be needed depends on economic developments," said Norges Bank governor Ida Wolden Bache. "There will likely be one additional policy rate hike, most probably in December." 21/09/2023
Now playing Next France France to allow petrol to be sold at a loss in a bid to curb inflation The Élysée wants to scrap the 1963 ban on selling fuel at a loss in order to curb rising inflation. Oil industry leaders have strongly condemned the move. 20/09/2023
Now playing Next Economy UK sees surprise fall in inflation The decline was a surprise as most analysts had expected inflation in the UK to rise to 7%, but the new figure is still way above the Bank of England's target of 2%. 20/09/2023
Now playing Next Economy Eurozone inflation revised down to 5.2% in August Despite the decrease, inflation still remains far above the European Central Bank's 2% objective. 19/09/2023