Pedestrians walk past retail outlets and shops on Carnaby Street in London. Reuters
British inflation edged up in January as locked-down consumers paid more for food and sellers of furniture and other household goods offered smaller-than-usual New Year discounts to people seeking to spruce up their homes.
Britain’s inflation rate sank in April to its lowest level since August 2016 as the coronavirus pandemic pushed down global oil prices and clothing stores slashed prices.
British inflation surged further above the Bank of England’s target in June to strike 2.5 per cent, its highest since August 2018, increasing speculation that the BoE will have to consider sooner whether to ease off its huge stimulus programme.
How out of control is inflation? One measure says it all: Prices are now rising as fast in one month as they used to rise in a whole year when President Joe Biden took office. The measure of inflation that gets the most attention is the consumer
The Ministry of Economy organised a media briefing on Monday in Abu Dhabi to introduce the Federal Decree Law No. 37 of 2022 on family businesses, which forms part of the comprehensive
Abu Dhabi Airports, the operator of the five airports in the Emirate of Abu Dhabi, on Monday released its passenger traffic results report for the third quarter of 2022.
Hub71, Abu Dhabi’s global tech ecosystem, has grown its community to more than 200 startups following the selection of 20 companies to join its latest cohort.