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US consumer prices rise on shelter, gas

  Bloomberg The cost of living in the US climbed for a fifth month on the back of shelter and fuel prices, pushing inflation closer to the Federal Reserve’s goal. The consumer-price index rose 0.3 percent in December, matching the median projection of economists, after a 0.2 percent gain the previous month, Labor Department figures showed on Wednesday in Washington. ...

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Apple to raise UK app store prices to counter weakened pound

  Bloomberg Apple Inc. is raising App Store prices in the UK as much as 25 percent, bending to the pound’s drop in value following the country’s vote to leave the European Union. Apps that cost 79 pence ($1.20) will increase to 99 pence, according to a notification sent to app developers today, seen by Bloomberg. Apps that costs $2.99 ...

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UK employment steady, wages pick up

  Bloomberg The UK economy lost fewer jobs than expected and wage growth picked up towards the end of 2016, suggesting the labor market remains relatively resilient. The number of people in work fell by 9,000 to 31.8 million in the three months through November, whereas economists had predicted a 35,000 decline. The jobless rate stayed at 4.8 percent, the ...

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