Bloomberg The poorest families in the UK were left “brutally exposed” to the cost of living crunch after almost two decades of income stagnation, the Resolution Foundation warned. In a report, the think tank said too many families faced the current crisis already struggling with low incomes, scant savings and ungenerous welfare support. Adjusted for inflation, the disposable income of ...

  Bloomberg Germany reported its first monthly trade deficit in three decades, as companies faced surging costs for imports and softer demand for their products amid a darker economic outlook. The shortfall in May for Europe’s biggest economy was 1 billion euros ($1 billion), a gap not seen since 1991. Cross-border sales unexpectedly falls by 0.5%, while imports rise 2.7%, ...

  Bloomberg Inflation in Switzerland accelerated to the fastest pace in nearly three decades, hitting 3.4% in June. The pace is up from 2.9% in May, and well above the Swiss National Bank’s 2% target. Based on the European Union-harmonised measure, it was at 3.2%, compared with 8.6% in the surrounding euro area. Russia’s war with Ukraine has been a ...