Tag Archives: rises

At least 24 people have died as major wildfires continue to ravage the Los Angeles area in the US state of California, the city’s medical examiner said on Sunday, January 12. No fewer than 16 of the fatalities are related to the Eaton Fire near Pasadena, and eight others to the Palisades Fire in the Pacific Palisades district. Even though …

Firefighters in Los Angeles battled through the night on Saturday in an effort to control massive wildfires threatening residential neighborhoods as powerful winds intensified the blazes. The wildfires, which have ravaged the city and left entire communities in ruins, have claimed at least 16 lives and tested the resolve of thousands of emergency personnel and millions of California residents.   …

UK inflation climbed to 2.6% in November, up from 2.3% in October, according to the Office for National Statistics (ONS).    The rise matches market expectations and comes as the Bank of England prepares for its upcoming decision on interest rates later this week.   Core inflation, which excludes volatile items such as food and energy, also increased to 3.5% …

The biggest increase since March and the second rise in two months is likely to cement market expectations that the Bank of England will keep its main interest rate unchanged after its policy meeting on Thursday. ADVERTISEMENT UK inflation has risen to its highest level since March, driven by an increase in fuel prices last month, official figures have revealed. …

The number of unemployed people rose far less than expected this month, reflecting a resilience in the German labour market, despite a surge in job cuts recently by major companies such as Volkswagen and Schaeffler. ADVERTISEMENT Germany released its unemployment report for November on Friday. The number of unemployed people in November 2024 touched 2.86 million, according to the Federal …

Annual inflation in the eurozone edged higher in November, matching expectations, while Germany reported its worst retail sales drop in two years, signalling broader economic challenges for the region. ADVERTISEMENT Eurozone inflation rose to 2.3% year-on-year in November, up from 2% in October, according to preliminary data released by Eurostat on Friday. The figure aligns with market expectations and reflects …

Eurostat data released on Tuesday showed eurozone inflation rose to the European Central Bank’s 2% target in October. ADVERTISEMENT The euro area annual inflation rate was 2% in October 2024, up from 1.7% in September. A year earlier, the rate was 2.9%, according to data published by Eurostat, the statistical office of the European Union. Meanwhile, European Union annual inflation …

Germany’s consumer confidence inched upwards in October, marking its most optimistic point since April 2022, though challenges continue to weigh on sentiment. ADVERTISEMENT German consumer confidence continued its gradual recovery in October, reaching its highest level since April 2022, according to the latest GfK Consumer Climate report published by GfK and the Nuremberg Institute for Market Decisions (NIM).  The Consumer …

The DAX index rose during the end of the week as improved German business sentiment and positive private sector data rescued investor confidence. The Ifo Business Climate Index increased for the first time in six months, offering a light at the end of the tunnel. ADVERTISEMENT The German DAX index edged 0.2% up on Friday, lifted by growing investor optimism …