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The Latest Breaking News from Lindsay James

US inflation rises to 4.2%, hitting a three-year high as fuel prices rise

Annual inflation accelerated to 4.2% in May, driven largely by higher fuel costs, as rising prices continue to weigh on household budgets and cloud the Federal Reserve's interest-rate outlook.

Euronews

UK inflation hits 3.3% as Iran war drives energy costs higher

British consumer prices rose at a faster pace in March, reaching 3.3% as the ongoing Iran war sent fuel prices soaring. The data has forced markets to reassess expectations for the Bank of England, with a previously anticipated interest rate cut next week now looking very unlikely.

Euronews

IMF drops Eurozone's economic growth forecast to 1.1% from 1.4% amid Iran war

The International Monetary Fund (IMF) has adjusted its growth projection for the eurozone down to 1.1% from 1.4% for 2026 as prospects for the euro area dwindle amid higher inflation and reduced momentum.

Euronews

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Markets rally, oil prices fall as Trump signals Iran talks

Oil prices fell more than 4% and European shares gained on Wednesday on the possibility of a de-escalation in the Iran war.

Euronews

European markets dip as oil prices soar and European gas prices jump

Leading European stock market indexes started the week with a big sell-off, following a major drop across Asian markets and surging oil prices, as the Middle East crisis escalates further.

Euronews

Bleak data out of Britain: Is the UK once again the sick man of Europe?

The label once used to describe the UK’s industrial decline in the 1970s is echoing anew as fresh data show the economy slipping into reverse. A 0.1% contraction in September and weak quarterly growth have revived doubts about Britain’s economic vitality amid global trade headwinds.

Euronews

BoE keeps rates steady at 4% as economy shows signs of slowing

The UK's annual rate of consumer price inflation is standing at 3.8%, nearly double the bank’s 2% target.

Euronews

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Inflation in the UK remains high, sitting at 3.8% in September

Consumer prices remained almost twice as high as the Bank of England’s 2% target in September.

Euronews

Bank of England holds main UK interest rate at 4% with inflation above target

The decision comes as no surprise as inflation in the UK remains stubbornly high, almost double the central bank's 2% target.

Euronews

UK economy flatlined in July after sharp contraction in manufacturing

The sector saw activity fall by 1.3 per cent, holding back growth in the wider economy

The Independent UK

US inflation accelerates to 2.7% as Trump's tariffs start to bite

Inflation rose last month to its highest level since February as President Donald Trump's sweeping tariffs are pushing up the cost of a range of goods, including furniture, clothing, and large appliances.

Euronews

Bank of England holds interest rates amid intensifying inflation risks

As widely expected, the Bank of England kept interest rates on hold as fears grow that the conflict between Israel and Iran will escalate to involve the United States. This would likely send oil prices soaring and push UK inflation further above target.

Euronews

Is gold still a good investment after price hits all-time high?

The price per ounce has recently hit $3500 before pulling back - what’s next for the investment safe haven?

The Independent UK

The share prices most affected by Trump’s tariffs as stock markets tumble

Several of the world’s biggest companies saw their share prices tank in the aftermath of the US president’s proclamation

The Independent UK

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The Independent UK

What rising government debt costs mean for your finances

High government borrowing costs come amid fears that inflation is creeping up again, which could lead the Bank of England to keep rates on hold

Evening Standard

UK’s FTSE 100 treads water and pound weakens as US inflation edges higher

The FTSE 100 was declining during the day but managed to gain 4.56 points late in the afternoon to close at 8,030.33.

International Business Times UK

Jeremy Hunt Announces Significant Tax Cut Amidst Downturn in Growth Forecast

Hunt defended the move, asserting that it aligns with the government's commitment to supporting businesses and individuals during challenging times.

Daily Mirror

Where Waterloo Road cast are now - Hollywood stars, X Factor flop and celebrity clashes

Waterloo Road is making a sensational comeback tonight on BBC One - but there has still been plenty of drama in the lives of the cast away from the cameras

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