The latest reading from the Office of National Statistics means inflation remains just above the Bank of England's target of 2 per cent.
In Asian trading, Tokyo's Nikkei 225 index gained 1.4% to 38,920.26, even after the government reported that the Japanese economy contracted at a 2% annual rate in the January-March quarter.
BY AP 16 May 2024
Emirates, owned by Dubai's government recorded a profit of USD 4.7 billion in 2023 as the airline fully took flight after the turbulent years of the coronavirus pandemic disrupted its operations.
BY AP 13 May 2024
The Tennessee Valley Authority (TVA) announced in April that it would replace the aging coal-burning Kingston Fossil Plant with gas amid growing calls for the agency's new board of directors to invest in renewables.
BY AP 9 May 2024
The company says in documents posted by the US National Highway Traffic Safety Administration that software instability may prevent the camera image from showing images while the Teslas are in reverse
BY AP 27 January 2024
The bill excludes funding requested by President Joe Biden for Israel, Ukraine and the US border with Mexico
BY AP 12 November 2023
The annual rate of 5.5% was down from 6.1% in May in the 20 countries that use the euro currency, the European Union statistics agency Eurostat said Friday.
BY AP 30 June 2023
US applications for jobless claims fell by 26,000 to 239,000 for the week ending June 24, the Labour Department reported Thursday. Economists were expecting the elevated claims numbers to continue above 260,000, where they had settled the past three weeks.
BY AP 30 June 2023
Powell said in prepared remarks delivered at a banking conference in Madrid that tougher regulations put in place after the 2007-2008 financial crisis have made large multinational banks much more resilient to widespread loan defaults, such as the bursting of the housing bubble that led to that crisis.
BY AP 29 June 2023
Japanese Finance Minister Shunichi Suzuki announced the agreement after meeting with his South Korean counterpart, Choo Kyungho. It was the first time the two countries have held annual financial talks in seven years, though Suzuki and Choo also met in South Korea in May.
BY AP 29 June 2023
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