Turkey’s central bank hiked its key interest rate by 2.5 percentage points on Thursday as part of its efforts to combat high inflation that has left many households struggling to afford rent and essential items. The bank’s Monetary Policy Committee raised its
The Bank of England will announce November’s Base Rate later today, marking the 16th meeting since December 2021. While inflation remains significantly above the Government-set target of two percent, data suggests a growing sign of economic slowdown due to nearly two years of consecutive
Kenya announced Wednesday a sharp increase in passenger fares on the Chinese-built Standard Gauge Railway as the country struggles with repaying loans owed to Beijing and others along with higher fuel prices. State-owned Kenya Railways said in a statement that the 290-mile
Rishi Sunak is facing a new challenge to his authority as Prime Minister in the wake of two by-election defeats in Mid Bedfordshire and Tamworth last week. Former party chairman Sir Jake Berry, who Mr Sunak sacked a year ago when he
In the land of mountains and fjords, outdoor life starts early. That’s why as many as 11,000 pre-school kids started their day this week hiking routes around kindergartens in Norway. Dressed in the outdoor one-piece jumpsuits typical of tiny tots in this
Huddled within the heart of breathtaking landscapes, the town of Lagoa, in Portugal, has become a haven for nature enthusiasts and those seeking respite from the hustle and bustle of urban life. With its stunning vistas, tranquil ambience, and thriving local culture,
Soaring mortgage rates will hit households harder than they did in the 1980s, when many homeowners were plunged into negative equity, according to financial experts. Many of those with mortgages have already seen massive hikes in their repayments, while others are bracing
High Street banks are facing demands to offer higher interest rates to their loyal savers (Image: GETTY) High Street banks are facing demands to offer higher interest rates to their loyal savers. Industry regulators should make High St giants improve “meagre” and
The UK’s second-largest grocery chain, Sainsbury’s, reveals it made less money to keep profits down and has not been using high rates of inflation as a cover for making higher profits. The latest cost revelations come from the supermarket giant’s top boss,
Mobile phone users are being hit by “shocking” mid-contract price hikes by the country’s biggest networks when they could be getting better deals and strong service elsewhere, according to an influential survey. The “big four” network giants O2, EE, Vodafone and Three