Eshe Nelson
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Stocks and Oil Drop Amid New Coronavirus Variant
Stocks and oil futures slumped, while investors sought safety in government bonds.
Stocks and Oil Drop Amid New Coronavirus Variant
Stocks and oil futures slumped, while investors sought safety in government bonds.
Stocks and Oil Drop Amid New Coronavirus Variant
U.S. markets were poised to open lower and oil futures slumped, while investors sought safety in government bonds.
U.K. Inflation Hits a 10-Year High
Prices rose 4.2 percent last month from a year earlier, more than double the Bank of England’s target.
The U.K.'s Economic Recovery Slowed in the Third Quarter
The economy grew 1.3 percent in the third quarter, down from 5.5 percent growth in the previous three months.
Bank of England Holds Interest Rates at Record Lows
Britain’s central bank said it would wait for more data on the labor market even as inflation is expected to climb to about 5 percent.
Eurozone Economy Grows 2.2%; Inflation Is Highest in 13 Years
Economic output grew 2.2 percent in the third quarter as the region recovered from a double-dip recession, while inflation jumped to 4.1 percent.
The European Central Bank Keeps Its Policy Steady
The eurozone’s annual inflation rate climbed last month to 3.4 percent, the highest in 13 years.
The European Central Bank Keeps Its Policy Steady
The eurozone’s annual inflation rate climbed last month to 3.4 percent, the highest in 13 years.
Britain prepares for a post-pandemic economy, and keeps spending.
“A new age of optimism” is coming, said Chancellor Rishi Sunak, while inflation and shortages still bedevil the country.