Eshe Nelson
Posts
Britain’s economy shrinks as inflation ‘begins to bite.’
Gross domestic product fell 0.1 percent in March. The risk of recession has increased as household budgets are constrained by the highest inflation rate in...
Elvira Nabiullina, Head of the Central Bank, Is Guiding Russia’s Economy
Elvira Nabiullina got another five-year term as head of Russia’s central bank after quelling the initial market panic over the invasion of Ukraine.
Bank of England raises rates to 1 percent amid recession worries.
The central bank predicted inflation would peak above 10 percent this year, which would be the fastest pace in four decades.
Soaring inflation rates push Europe toward end of central bank stimulus.
The European Central Bank reinforced its intention to end its bond-buying program in the third quarter as war in Ukraine sends prices surging.
Elon Musk offers to buy Twitter for $54.20 a share.
“Twitter has extraordinary potential. I will unlock it,” the Tesla chief executive said in regulatory filing.
Britain’s inflation rate climbed to 7 percent, the highest in 30 years.
Household budgets are squeezed as wage increases are not keeping pace with rising prices.
Globally, inflation is surging amid persistent pandemic disruptions and war in Ukraine.
This may be the beginning of “a new inflationary era,” according to the Bank for International Settlements.
S&P Global Places Russia in ‘Selective Default’
The move by the ratings agency came after Russia was unable to use dollars held in American banks to make a payment of about $650...
Russia Cuts Interest Rates to 17 Percent as Ruble Recovers
The unscheduled rate change came after the ruble had regained most of its losses since Russia invaded Ukraine.
Britain Pushes Nuclear Power as It Tries to End Dependence on Russia
The government said it aimed to fulfill a quarter of the estimated electricity demand in Britain with nuclear power by 2050.