UK inflation rises to 2.6% in November, in line with expectations
UK inflation data comes after wage growth quashed any last expectation for a final 2024 rate cut from the Bank
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Breaking News: Europe
UK inflation surges above Bank of England’s 2% target, curbing December rate cut expectations
The hike marks a sharp increase from the 1.7% rise recorded in September and exceeds the 2.2% forecast of economists
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UK economy ekes out 0.1% growth in the third quarter, below expectations
The U.K. economy expanded by 0.1% in the third quarter of the year, the Office for National Statistics said Friday.
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Barclays profit jumps 23% in third quarter, beating expectations
British bank Barclays on Thursday reported £1.6 billion ($2 billion) net profit attributable to shareholders for the third quarter, beating expectations. Source link
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UK inflation falls sharply to 1.7%, below Bank of England’s target for first time in over three years
Economists polled by Reuters expected the headline rate to come in at 1.9% in its first dip below the Bank
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Chip company ASML shares plunge 16% after warning of weaker China sales in early release
ASML published its third-quarter earnings Tuesday, a day earlier than expected. Source link
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UK economy grows 0.2% in August, in line with expectations
The U.K. economy had previously recorded modest but steady expansion in almost every month this year, but flatlined recently. Source
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Mining giant Rio Tinto to acquire Arcadium Lithium in $6.7 billion deal
The world's second-largest miner Rio Tinto said Wednesday it will acquire U.S. lithium producer Arcadium for $6.7 billion. Source link
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European Union votes to impose tariffs on Chinese electric vehicles
European Union member states on Friday voted in favor of the European Commission's proposal to impose definitive tariffs on battery
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