Newsletter Aug 18, 2022
Global stocks mostly fall as British inflation hits new 40-year high

The Bank of England warned earlier this month that UK inflation would climb to just above 13 percent this year, which would be the highest level since 1980.


 
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Investors bet on bigger BoE rate hikes after inflation overshoot

British two-year government bond yields surged on Wednesday to their highest level since the depths of the global financial crisis almost 14 years ago as stronger-than-expected inflation data fuelled bets on further Bank of England interest rate hikes.


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UK inflation tops 10%, highest since 1982

British consumer price inflation jumped to 10.1% in July, its highest since February 1982, up from an annual rate of 9.4% in June, intensifying the squeeze on households, official figures showed on Wednesday.

UK police detail 'remarkable' probe into IS 'Beatles' cell

Counter-terrorism officers said the hostages' recollections helped "zero in" on three of the British captors.

'I am here to kill the Queen,' Windsor Castle intruder told police

A man arrested at Queen Elizabeth's Windsor Castle home on Christmas Day last year wearing a mask and holding a crossbow told security "I am here to kill the queen", a British court heard on Wednesday.

Oil prices ease as Russia output increases

Oil prices eased on Thursday, reversing course from the previous session, as rising output from Russia and worries about a potential global recession weighed on futures.

National Nonprofit Day 2022: 3 UK charities to donate to

Whether male, female, non-binary, old or young- everybody is encouraged to donate to their favourite local cause today.

UK strikes: how Margaret Thatcher and other leaders cut trade union powers over centuries

British trade union membership is currently around 6.5 million, but was more than double that in the late 1970s, when unions worked together to bring the UK to a standstill.

Coca-Cola and McDonald's left Russia. Their brands stayed behind

Western companies with iconic brands like Coca-Cola that exit Russia face years of battling knockoffs and unauthorized imports clamoring to fill the void they leave behind, a risky bid as courts show little sympathy for firms that depart.

Pummelled by gas crisis, Germany's Uniper posts $12.5 billion net loss

German utility Uniper reported a net loss of 12.3 billion euros ($12.5 billion) for the first half and warned it would take until 2024 before it could return to profit.

Miners toil for coal beneath the battle for east Ukraine

Since Moscow's troops failed to storm Kyiv, the conflict has shifted to the agricultural south and industrial, coal-rich Donbas in the east.

WHO urges caution after dog catches monkeypox

When viruses jump the species barrier it often sparks concern that they could mutate dangerously.

6 Ways Iceland is innovating the tourism industry

Iceland is an amazing country that should be visited at least once in your lifetime - but you probably know that already!

 
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