Tag: soars

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Thousands cancel Netflix or Prime Video as UK cost of living soars

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Almost 800,000 UK households cancelled their subscriptions to Netflix or Amazon Prime Video between April and June, as the cost of living crisis forces streaming fans to cut back on the number of services they pay for...

‘Everything is going up’: UK hospitality sector struggles as inflation soars

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“I am wrestling every single day to keep the business up,” said Damian Wawrzyniak, the chef behind Peterborough gastro pub House of Feasts, who fears he will have to close the restaurant next month after six years. Wa...

UK living standards fall at record rate as inflation soars

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British workers’ living standards dropped in May at a record rate after pay rises failed to keep pace with inflation. Earnings growth increased across the private and public sector by 4.3% in the three months to May e...

UK retailers hit by sharp drop in spending as inflation soars

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Britain’s retailers are suffering the sharpest drop in spending since the depths of the coronavirus pandemic as hard-pressed consumers tighten their belts as a result of soaring inflation. The monthly health check fro...

Chinese premier calls for more coal production as electricity demand soars

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China’s premier has called for increased production of coal to stave off mass blackouts, as early summer heatwaves have prompted record electricity usage. On Friday, authorities again issued high temperature warnings ...

Chinese premier calls for more coal production as electricity demand soars

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China’s premier has called for increased production of coal to stave off mass blackouts, as early summer heatwaves have prompted record electricity usage. On Friday authorities again issued high temperature warnings f...

US gas prices rise to a record $5 a gallon as inflation soars

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US gasoline prices, a key driver of the highest inflation seen in the US in 40 years, hit a record $5 a gallon on Saturday. There was little to suggest they would drop anytime soon. Many on the political right blame t...

Top Gun: Maverick review – irresistible Tom Cruise soars in a blockbuster sequel

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And we’re back. A full 36 years (including some Covid-related runway delays) after Tony Scott’s big-screen recruitment advert for US naval aviators became an epoch-defining cinema hit, Tom Cruise is back doing what he...

Treasurer Jim Chalmers warns of ‘dire’ budget situation as inflation soars

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Labor has inherited a “dire” budget situation with a deficit that could blow out further due to soaring inflation, the treasurer, Jim Chalmers, has warned. Chalmers accused the Coalition of not disclosing pressures on...

UK inflation hits 40-year high of 9% as cost of food and energy soars

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UK inflation soared to 9% in April – its highest level for more than 40 years – as the rising cost of gas and electricity pushed household energy bills to record levels. The escalating cost of food and transport also ...

Ninth journalist killed in Mexico this year as violence against media soars

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A Mexican journalist has been found dead in Sinaloa state, authorities say, marking the ninth death of a media worker in a unprecedentedly bloody year for the country which has drawn international scrutiny. Luis Enriq...

‘I have to choose between food and heat’: demand soars at food bank in Tory-held Wandsworth

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Up the road, estate agent windows display £850,000 properties and there’s a wide selection of high-end coffee shops. But in recent months, every Thursday morning, a queue has formed outside St Andrew’s church in Earls...

Sainsbury’s customers ‘now watch every penny’ as cost of living soars

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. Sainsbury’s has said its customers are starting to watch “every penny” as the cost of living crisis mounts, which combined with significant cost increases and difficulties with supplies will lower profits at the su...

New Zealand shoppers order groceries from Australia as inflation soars

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Tins of spaghetti, soap, pasta shells and raw almonds: purchases more commonly carted into New Zealand homes by shopping trolleys and car boots than jetted on international flights. But as prices hit new highs, shoppe...

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