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ECONOMY

Strikes flare in Europe as cost of living spirals

An announcement board in the departure hall at Brussels Airport during strike action
European workers squeezed by the soaring cost of living went on strike in Belgium and Greece on Wednesday, with stoppages threatening to paralyse parts of Britain, France and Spain in coming days.
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Residential housing in south London

House price growth slows to weakest since July 2020 - RICS

British house prices rose last month at their slowest pace since early in the coronavirus crisis and they look on course to fall as a surge in mortgage costs adds to uncertainty about the economy for home-buyers, a survey showed on Thursday.
Britain's Conservative Party's annual conference in Birmingham

Kwarteng tries to calm investors but UK bonds sell off again

British finance minister Kwasi Kwarteng, who last month sparked a bond market rout with unfunded tax cuts, sought to reassure investors on Monday by bringing forward a budget announcement and naming a Treasury insider to run the department.
Bulgartransgaz gas compressor station near Ihtiman

EU leaders turn to gas price caps to end energy crunch

European Union leaders will lock horns on Friday over whether and how to cap gas prices, as they attempt to curb a surge in energy prices that threatens to push the 27-nation bloc into recession and disrupt the EU's cherished single market.
Cars pass in front of the Polish Central Bank (NBP) building in Warsaw

Polish Central Bank Holds Rates, Points To Slowdown Ahead

The National Bank of Poland (NBP) kept its main interest rate on hold at 6.75% on Wednesday, it said, opting to leave borrowing costs unchanged despite soaring inflation as it warned of an economic slowdown in the coming months.