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UK inflation climbs to 5-year high of 3%

Bloomberg UK inflation climbed to its highest rate in more than five years in September, boosted by the cost of food and transport. Consumer prices rose 3 percent from a year earlier, the fastest pace since April 2012 and up from 2.9 percent in August, the Office for National Statistics said on Tuesday in London. The increase intensifies the squeeze ...

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European car sales drop as Brexit hurts UK demand

Bloomberg European car sales fell in September for only the second monthly drop this year as concerns about Brexit among UK consumers more than offset gains in France, Italy and Spain. Registrations declined 2 percent from a year earlier to 1.47 million vehicles, the Brussels-based European Automobile Manufacturers’ Association, or ACEA, said in a statement. Figures were dragged down by ...

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J&J unit sued over ‘defective’ hip implants

Bloomberg A Johnson & Johnson unit was accused of injuring hundreds of patients by selling “defective” hip implants, according to lawyers suing the company on the first day of a London trial. Some of DePuy International Ltd.’s Pinnacle hip replacement parts cause metal particles to be released into the body, causing a range of health problems, lawyers for the 341 ...

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