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News Fourty-one: Eurozone raises interest rates for first time in 11 years
The European Central Bank (ECB) has raised interest rates for the first time in more than 11 years as it tries to control soaring eurozone inflation. The ECB increased its…
News Fourty: Gazprom: Nord Stream 1 supply to EU to be cut further
Russian energy giant Gazprom says it will once again drastically cut gas supplies to the EU through its main pipeline due to maintenance work. Gazprom said stopping another turbine at…
News Two Hundred and Thirty-six: US holds interest rates steady in first since 2022
The US central bank has announced it will hold interest rates steady – the first time it has opted against a rise in more than a year. The Federal Reserve…
News Thirty-eight: Inflation pushes UK government interest costs in June to fresh record
Surging inflation led interest payments on UK government debt to hit the highest amount on record in June. Interest payments paid by the government for last month hit £19.4bn. It…
News Thirty-seven: Germany scrambles for energy with no faith in Russian gas
Germany’s leading energy expert says she’s living in a nightmare. What’s worse, she saw it coming. For 15 years Claudia Kemfert says she tried to warn politicians and the public…
News Thirty-five: Inflation will be brought under control – Zahawi
Inflation will be brought back under control by the government, Nadhim Zahawi is expected to say in his first speech as chancellor. The government will deliver “sound public finances” to…