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Backed by unions and tired of years of low wage growth, workers are making bold pay demands to cope with the rising cost of living....

The European Central Bank, when it meets next week, is expected to raise interest rates again to curb eurozone inflation, which just set a record.

Many of Britain’s employers, faced with a labor shortage, are raising wages to attract workers. That’s sowing the seeds of faster inflation.

The surge in prices is expected to peak in the autumn, when household energy bills are expected to sharply increase.

The move by Russia to loosen financial controls imposed after its invasion of Ukraine won’t affect investors in the United States or European Union.

The slight contraction, 0.1 percent, comes as Britons face high and rising inflation, squeezing household budgets.

The central bank raised rates for the sixth straight meeting and said a long U.K. economic downturn is possible.

Increase was the U.K. central bank’s sixth since December as it warns that a long recession could start later this year.

Pierre Wunsch, a member of the European Central Bank’s Governing Council, said the deposit rate should probably reach at least 1.5 percent.

Russia’s central bank cut its interest rate to 8 percent on Friday, lower than before the invasion of Ukraine, citing “subdued” consumer demand.