Prices in British store chains rose at the slowest pace in a year in September, according to industry data that adds to signs that the UK’s high inflation rate is set to extend its recent fall. The British Retail Consortium said annual shop price inflation cooled to 6.2% last month from 6.9% in August, its…
Britain’s interior minister Suella Braverman warned on Tuesday that the United Kingdom had become tied up in an international set of migration rules that were designed for another era. “Our country has become enmeshed in a dense net of international rules that were designed for another era,” Braverman said in a speech at the Conservative…
Britain’s government is optimistic it will soon find a formula to persuade Northern Ireland’s largest pro-British party to return to the power-sharing regional government it quit over Brexit rules, the Northern Ireland minister said on Tuesday. Asked if he could see the Democratic Unionist Party returning to the Stormont regional assembly in Belfast, Chris Heaton-Harris…
The Bank of England said on Tuesday it will check the health of general insurers in 2025 with a ‘stress test’ that includes a rapid series of shocks, as sector capital rules are eased. Regulators have introduced stress tests since the global financial crisis of 2008 to check if banks and insurers are holding enough…
British finance minister Jeremy Hunt said on Tuesday he would love to lower taxes in the run-up to a national election expected next year, but added that any tax cut at the moment would be inflationary. Hunt said that reducing taxes at a fiscal event in November would not be possible even if the government…
Venezuela’s opposition election commission said on Monday it will move forward with its late October primary vote to pick its presidential candidate for next year’s general election, after the country’s national electoral council sought a delay. The South American nation’s beleaguered political opposition will face off against President Nicolas Maduro’s ruling socialists, who have presided…
Argentina’s markets have a new cause for the wobbles – a presidential election whose outcome is anyone’s guess and could usher in a radical libertarian candidate who investors can’t work out whether they should love or fear. With less than three weeks to the Oct. 22 vote, bonds are sliding and the peso has slumped…
Industrial production in Brazil rose slightly less than expected in August, data from government statistics agency IBGE showed on Tuesday, as the sector struggles to gather speed amid high interest rates. Output was up 0.4% in August from July, IBGE said, recovering part of the losses seen a month earlier but below forecasts as the…
India has asked Canada to reduce its diplomatic staff in the country by more than half, the Financial Times reported on Tuesday, with ties fraying after Canadian Prime Minister Justin Trudeau publicly levelled suspicions that Indian agents were involved in the killing of a Sikh separatist leader in Canada. Hardeep Singh Nijjar was shot dead by unidentified gunmen outside…
Several hundred migrants in southern Mexico awaited buses north on Monday under a new government program meant to help manage the numbers arriving, as Mexico’s president said 10,000 people have been reaching the northern border with the U.S. daily. Thousands of migrants have crossed into the U.S. from Mexico in recent weeks, alarming officials in…
