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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...

Inflation hits 7% in March as Britain’s cost of living soars

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UK households have been warned to brace for the sharpest annual rise in the cost of living since the early 1980s after a bigger-than-expected jump in the official inflation rate to 7% amid record increases in petrol p...

Bank of England raises interest rates to 0.75% as inflation soars

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The Bank of England has responded to the likelihood that the war in Ukraine will push inflation to around 10% this year by raising interest rates back to the pre-pandemic level of 0.75%. Threadneedle Street’s monetary...

Carmakers face higher costs and supply issues as price of nickel soars

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Car manufacturers are facing soaring costs and supply issues after the price of nickel doubled to record levels in the wake of Russia’s invasion of Ukraine. Prices passed $100,000 (£76,000) a tonne – driven up by buye...

Luxury brand Hermès plans new factories as handbag demand soars

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Hermès, the French luxury goods maker, is opening three new factories as it struggles to keep up with demand for its £5,000-plus Birkin and Kelly handbags. The company said on Friday it planned to open new leather goo...

Irn-Bru maker raises prices as UK inflation soars

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The company behind Irn-Bru has revealed it is increasing its prices after its packaging, ingredients and energy-linked commodity costs jumped, as it raised its sales and profit estimates. AG Barr said owing to rising ...

What can cities do when air pollution soars and what works?

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Earlier in January the London mayor and other organisations issued the first pollution warning of the year. These warnings follow the UK government index. They are designed to protect vulnerable people, but they do th...

UK government borrows almost £17bn in December as inflation soars

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The government borrowed almost £17bn to balance its books last month – the fourth-highest December total on record – as the public finances felt the impact of sharply rising inflation. Rising tax receipts were partly ...

Dogecoin value soars after Elon Musk says it will be accepted for Tesla goods

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Dogecoin, the cryptocurrency with a shiba inu dog meme, soared in value by 15% on Friday after the billionaire Elon Musk said it could be used to buy Tesla merchandise. Dogecoin rose to $0.20 after Musk’s tweet early ...

UK households warned of ‘year of the squeeze’ as cost of living soars

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UK households face a hit of £1,200 next year as stalling wages and rising tax and energy bills cause a “cost of living catastrophe” in the spring, a leading thinktank has warned. Government measures, including the new...

Amazon’s plastic waste soars by a third amid pandemic, il rapporto trova

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Amazon’s plastic packaging waste soared by almost a third, per 270,000 tonnellate, during the pandemic last year, according to a report from marine conservation group Oceana. Oceana estimates up to 10,700 tonnes of this pl...

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