Prices of everyday basics like Bounty paper towels and Cadbury chocolate may rise again this year while those of others like Clorox Co wipes and Diet Pepsi are likely to stay steady.

JPMorgan Chase & Co. is working with KPMG to improve how the U.S. bank supervises its traders.

Banks are pushing the British government to relax core parts of post-financial crisis rules designed to hold bosses to account for misconduct on their watch, in order to make hiring easier, two industry sources told Reuters.

The Bank of England raised its key interest rate by half a percentage point on Thursday and indicated that more hikes were likely, despite a looming recession, as it tries to bring down inflation that hit a 41-year high in October.

Britain's economy shrank in the third quarter as inflation soars, official data showed Friday, likely confirming it is already in a recession, dealing a fresh blow to new Prime Minister Rishi Sunak.

British employers cut their hiring of permanent staff via recruitment firms for the first time in nearly two years in October as the country's political upheaval added to concerns about the economy, a survey showed on Thursday.

Britain's economy looks set to go into recession as data showed it unexpectedly shrank in August, underscoring the challenge for Prime Minister Liz Truss to make good on her promises to speed up growth.

British shoppers are stocking up on electric blankets, candles and energy-efficient slow cookers as surging gas bills and record food price inflation force millions of people to prepare for a tough winter ahead.

British recruiters saw the weakest growth in hiring in more than a year and a half last month, as signs of an economic downturn made workers more wary about changing jobs and businesses more cautious about hiring, a survey showed on Friday.

British gross domestic product expanded 0.2 percent after a drop of 0.6 percent in June, the Office for National Statistics said in a statement.

British shoppers are cutting back on purchases of clothes and other non-essential items as they try to cover their sky-rocketing utility bills and higher food prices, surveys showed on Tuesday.

British retail sales surprisingly rose overall in July but consumer confidence is at a record-low level as the UK heads towards recession under a new leader.

Britain borrowed more than expected in July, official data showed, underscoring the challenge facing the country's next prime minister over how to provide more support to consumers hit by rocketing energy costs.

The Bank of England will deliver another bumper 50 basis points (bps) increase to borrowing costs next month but then slow the pace to a more regular 25 basis point rise in November before pausing, a Reuters poll forecast.

US inflation eased slightly in July.

Britain set out sweeping reforms of big company audits on Tuesday after high-profile collapses at builder Carillion and retailer BHS in recent years hit thousands of jobs and raised questions about accounting quality.

Russian President Vladimir Putin vowed to press ahead with his offensive.

There is a theory that if a group was to obtain more than 50 percent of a particular blockchain, it could start rewriting transactions

Meanwhile, some supporter groups have criticised their clubs for embracing fan tokens.

The crash will almost certainly be accompanied by a surge in unemployment, especially in countries with weaker worker rights, such as the US.

The negative mood was fuelled by the failure of US lawmakers to agree on a trillion-dollar emergency package to help the reeling American economy.

The popular investment app has been approved by the U.K. Financial Conduct Authority.

Big Blue is part of the team that will help develop a blockchain network to trace prescription drugs.

Amid the harsh political rhetoric around the Brexit debate, fear of a hard exit from EU is not shared by economists and investors polled by International Business Times.

New York City Economic Development Corporation (NYCEDC) is partnering for free to attend blockchain jobs fair.

Bank of England governor tells business leaders at World Economic Forum in Davos that UK has lost £10bn in GDP since Brexit vote.

Carillion boss Keith Cochrane accuses RBS and banks of deliberately scuppering a deal to keep the company afloat.

British firms are stockpiling cryptocurrencies including bitcoin and ethereum so they can pay off hackers in the event of a ransomware or malware attack.

The fiasco has weakened the country's president and engulfed major brands such as McKinsey and KPMG.

The BRC said retail sales rose 0.6% compared to a year earlier in November, following a 1% decline in October.