Sharp price spikes are forcing the country’s young to move back in with family and worry about finances just as many were hoping to move past the pandemic.
Tag: Inflation (Economics)
U.K. Borrowers React to Soaring Interest Rates in Mortgage Market
The financial turmoil in Britain has led to soaring interest rates, prompting many lenders to withdraw products and stoking worry among homeowners about rising costs.
Truss Takes a Bold Economic Gamble. Will It Sink Her Government?
Three weeks into her term, Prime Minister Liz Truss’s financial plans have thrown the markets and Britain’s currency into chaos and put her future in peril.
Wall Street Remains Unsteady After a Painful Stretch for Investors
Concerns about rising interest rates and the prospects of a global slowdown remain.
Strong Dollar Is Good for the US but Bad for the World
The Federal Reserve may have no choice but to wage a relentless inflation fight, but countries rich and poor are feeling the pain of plunging currencies.
Pakistan Is Devastated by Floods, Faces Looming Food Crisis
The flooding has crippled Pakistan’s agricultural sector, battering the country as it reels from an economic crisis and double-digit inflation that has sent the price of basics soaring.
Pakistan Is Devastated by Floods, Faces Looming Food Crisis
The flooding has crippled Pakistan’s agricultural sector, battering the country as it reels from an economic crisis and double-digit inflation that has sent the price of basics soaring.
Rising Energy Prices and High Inflation: The Economic Issues Facing Liz Truss
Consumer prices in Britain are rising at their fastest pace in decades, as the inflation rate exceeds 10 percent and is expected to keep climbing.
Europe’s Leaders Vow Economic Relief, Fearing Unrest
Germany, Sweden and the Czech Republic announced measures to populations feeling the bite of rising inflation and energy costs tied to war in Ukraine.
Spain Offers Free Train Tickets Through End of Year
Rail passengers will be able to take free train journeys under 300 kilometers (186 miles) until the end of the year.