Cross-border shelling has killed at least 70 civilians, including children, rescue workers and journalists
world12 hours ago
British consumer price inflation is likely to peak at an annual rate above 15 per cent in the first three months of next year unless there are government measures to lower prices, economists at US bank Citi forecast on Wednesday.
Earlier on Wednesday, official figures showed CPI hit 10.1 per cent in July, above all economists’ predictions in a Reuters poll.
“In our view, the composition re-affirms the risk of more sustained domestic inflation. In the absence of offsetting support, we expect CPI inflation to accelerate to over 15 per cent in Q1-23,” Citi economist Benjamin Nabarro wrote in a note to clients.
Citi had previously forecast CPI inflation would peak at just below 12 per cent.
Citi also revised up its expectations for BoE interest rates, predicting they would rise by 1.25 percentage points to three per cent by the end of this year, up from a previous forecast for a half percentage point rise in the remainder of 2022. — Reuters
Cross-border shelling has killed at least 70 civilians, including children, rescue workers and journalists
world12 hours ago
The hosts dominate with a total of 194 medals including 65 golds with Saudi in second place and Kuwait in third
sports12 hours ago
Residents with any information have been urged to contact the concerned authority
emergencies12 hours ago
Northeastern University in Boston says the action was taken after some protesters resorted to virulent anti-Semitic slurs
world13 hours ago
The church has been built on 4.37 acres of land, and stands opposite the BAPS Hindu temple
uae13 hours ago
A detailed guide on where to apply, the steps involved, and criteria for eligibility
uae13 hours ago
The Emirates called for strengthening the international humanitarian response and providing urgent relief to those in need
mena13 hours ago
Photonics is the study of light and has several applications including LED, VR, holograms, high-speed internet and solar panels among other things
uae14 hours ago