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London’s housing market shows hit from home working in July

Bloomberg London private housing rents fell in July compared with a year earlier as the ability to work from home meant that being close to city center offices was no longer a priority for workers. The 0.1% decline set the UK capital apart from other regions, where rental prices climbed by almost 2% on average, Office for National Statistics (ONS) ...

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Trudeau confronts inflation as economic achilles heel at polls

Bloomberg Prime Minister Justin Trudeau can expect mostly good news from economic data during Canada’s five-week election campaign. But there’s one potential trouble spot for him: consumer prices. A Statistics Canada report is expected to show that price inflation accelerated in July to almost the fastest rate in two decades. Economists estimate that consumer prices jumped 3.4% last month on ...

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Ukraine economy falls back into recession

Bloomberg Ukraine’s economy fell back into recession as fallout from the pandemic continued to weigh and interest rates were lifted to tackle soaring inflation. Second-quarter gross domestic product (GDP) shrank a seasonally adjusted 0.8% after falling 1.2% in the previous three months, preliminary data Monday showed. On an annual basis, it ended more than a year of contraction, advancing by ...

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