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UK inflation picks up after July surge in household energy bills

UK inflation picks up after July surge in household energy bills

By Andy Bruce and David Milliken LONDON, Aug 19 (Reuters) - A jump in household energy bills pushed British inflation to a four-month high in July, matching forecasts, and it looks set to rise further as the war in Iran grinds on with no end in sight.

Prince Harry and Meghan to move back to Britain

Prince Harry and Meghan to move back to Britain

By Michael Holden and Lisa Richwine LONDON/LOS ANGELES, Aug 20 (Reuters) - Prince Harry and his wife Meghan plan to move back to Britain this month, six years after they stepped down from their royal duties and relocated to the U.S., a source close to the couple said.

UK factory orders show best performance since November 2024, CBI survey shows

UK factory orders show best performance since November 2024, CBI survey shows

LONDON, Aug 20 (Reuters) - A gauge of British factory orders rose this month to reach its highest level since November 2024, adding to wider signs of resilience in the economy despite the ongoing fallout from the Iran war, a survey showed on Thursday.

Prince Harry and Meghan to make shock return to Britain after moving to US

Prince Harry and Meghan to make shock return to Britain after moving to US

By Michael Holden and Lisa Richwine LONDON/LOS ANGELES, Aug 20 (Reuters) - Prince Harry and his wife Meghan plan to move back to Britain this month, six years after they quit royal duties and relocated to the U.S., from where they repeatedly criticised the royal family and lambasted the British

AI productivity gains may not curb inflation, IMF's Tenreyro warns

AI productivity gains may not curb inflation, IMF's Tenreyro warns

By David Milliken LONDON, Aug 20 (Reuters) - Even if artificial intelligence boosts productivity, it may not lower inflation, the International Monetary Fund's new chief economist Silvana Tenreyro warned in research published by Bank of England staff on Thursday.

Bonds selloff pressures Europe, oil climbs further

Bonds selloff pressures Europe, oil climbs further

By Iain Withers and Dhara Ranasinghe LONDON, Aug 19 (Reuters) - European government bond yields rose to new multi-year highs on Wednesday as a global selloff deepened on fears of swelling sovereign debt, while oil futures gained for a fourth straight day on receding prospects of a deal to end the

Dollar range-bound as markets price dovish Fed response

Dollar range-bound as markets price dovish Fed response

By Chibuike Oguh and Harry Robertson NEW YORK/LONDON, Aug 18 (Reuters) - The U.S. dollar was trading range-bound against major peers on Tuesday as markets continued pricing in a dovish response from the Federal Reserve in the wake of softer economic data.

UK labour market loses more momentum in second quarter

UK labour market loses more momentum in second quarter

By Andy Bruce and David Milliken LONDON, Aug 18 (Reuters) - Britain's labour market cooled further in the second quarter, marked by slowing earnings growth in the private sector and the smallest number of vacancies in more than five years, official data showed on Tuesday.

Global bond markets put governments on notice over fiscal, inflation risks

Global bond markets put governments on notice over fiscal, inflation risks

By Dhara Ranasinghe, Gregor Stuart Hunter and Samuel Indyk LONDON, Aug 18 (Reuters) - Long-term borrowing costs from the U.S. to Germany and Japan hit their highest levels in decades on Tuesday due to ballooning government debt and geopolitics, raising borrowing costs for companies and households

UK grocery inflation eases further, says Worldpanel

UK grocery inflation eases further, says Worldpanel

By James Davey LONDON, Aug 18 (Reuters) - British grocery price inflation eased to its lowest level since October 2024 in August, market researcher Worldpanel by Numerator said on Tuesday, offering more respite to households grappling with elevated living costs.

Bond markets from US to Japan whacked as inflation and fiscal worries take hold

Bond markets from US to Japan whacked as inflation and fiscal worries take hold

By Dhara Ranasinghe, Gregor Stuart Hunter and Samuel Indyk LONDON, Aug 18 (Reuters) - Long-term borrowing costs from the United States to Japan and Germany hit their highest levels in decades on Tuesday, as renewed inflation worries added to nagging concerns about the fiscal pressures facing some of

Exclusive-Shein cuts company valuation to around $25 billion in Hong Kong IPO, sources say

Exclusive-Shein cuts company valuation to around $25 billion in Hong Kong IPO, sources say

By Summer Zhen and Kane Wu HONG KONG, Aug 17 (Reuters) - Online fast-fashion retailer Shein is eyeing a company valuation in its planned Hong Kong IPO of just a quarter of the nearly $100 billion number seen in a share sale four years ago, sources said, as its growth has slowed.