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New British PM Truss attends her first PMQs at House of Commons in London

New UK leader Liz Truss finalises huge power subsidy plan

Britain's new Prime Minister Liz Truss on Wednesday readied the final details of a plan to tackle soaring energy bills, which looks likely to cool inflation but add more than 100 billion pounds ($115 billion) to the country's borrowing.
Shoppers line up to wait for the opening of a Uniqlo store in New York

Amid US retail gloom, Uniqlo shines on COVID-triggered revamp

Just as inflation ravages the big guns of U.S. apparel retail, awash in high inventory and deep discounts to lure shoppers back to stores, Japan's Uniqlo is set for its best year ever in North America after a COVID-imposed revolution in its business model.
Pedestrians walk past the Bank of England, in London

Rising inflation expectations pressure Bank of England

British businesses have increasingly high expectations for inflation and wage costs over the coming year, according to a Bank of England survey which is likely to boost policymakers' concerns that it will be hard to get inflation back to target.