Now playing Next Markets Gold price climbs to record high: Why are investors flocking to it? After two lackluster years, gold is staging an impressive comeback in 2023, with the precious metal delivering double-digit gains by the end of November, inching closer to its all-time highs of $2,060 per ounce reached in August 2020. 29/11/2023
Now playing Next Economy German economy shrinks as household spending falls Household spending dropped by 0.3%, driving the Germany economy into contraction in the three months to September. 24/11/2023
Now playing Next Economy Russian consumers in a tight spot as high inflation persists Some Russian pensioners claim they would be unable to afford rent and food without the help of their children, due to soaring levels of inflation. 24/11/2023
Now playing Next Economy Turkey hikes interest rate to 40% - highest in 20 years Turkey's central bank has implemented a sixth consecutive interest rate hike, reaching 40%, in a surprising shift to counter the country's staggering 61.36% inflation. 24/11/2023
Now playing Next Economy Manufacturing sector improves but UK economy not out of the woods yet The latest set of economic data from the UK has come in strong for November indicating that there may be hope for the British economy after all. 23/11/2023
Now playing Next Economy UK retail sales at COVID-19 lockdown levels as cost of living rises UK retail sales have slumped back to COVID-19 lockdown levels, as increased cost of living bites. 17/11/2023
Now playing Next Markets Commerzbank profits more than tripled in Q3 German lender Commerzbank saw its net profit after tax triple compared to last year thanks to its strategic roadmap. 08/11/2023
Now playing Next Business HSBC announces $3 billion buyback despite missing profit expectations Higher interest rates have boosted profits for Europe’s biggest bank, bringing their third-quarter pre-tax total to $7.7 billion ($6.26 billion after tax). 30/10/2023
Now playing Next Economy Russian central bank raises interest rate to 15% High inflation and the weak rouble triggered a higher than expected raise. 27/10/2023
Now playing Next Economy Europe's central bank halts rate hikes for first time in over a year The European Central Bank left its rates unchanged on Thursday, marking a pause in its restrictive monetary policy after 10 increases since July 2022. 26/10/2023
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 Economy British economy creeps forward The UK’s GDP grew slightly in August, driven by the services sector. 12/10/2023
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 It's time to buy property in the UK, but there's a catch With prices falling by more than 5% in the year to September, this could be the moment to invest in real estate. 02/10/2023
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 Turkey pushes interest rates up to highest level since 2003 The central bank said that rocketing inflation was above expectations in the past couple of months and that to combat the trend, more interest rate hikes are likely. 21/09/2023
Now playing Next Economy US Federal Reserve stays the course on interest rates The US Federal Reserve has announced that it will maintain its interest rates, as much of Europe raises theirs. 21/09/2023
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 Economy Central Bank of Denmark urges caution over economic future Denmark's Nationalbank has called for economic caution with regard to future policy making, also predicting hovering inflation to come. 20/09/2023
