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UK inflation climbs above 3%

Uk inflation drops to 0.5 per cent

Bloomberg UK inflation unexpectedly accelerated to the fastest in more than 5 1/2 years in November, which will force Bank of England Governor Mark Carney to explain why price growth is so far above his policy target. The 3.1 percent rate was stronger than economists had forecast and the highest since March 2012. The Office for National Statistics said that ...

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Facebook’s fake news fight does collateral damage for small sites

Facebook is increasing its security to tackle fake news

Bloomberg Cyrus Massoumi spent the last few years building exactly what he thought would thrive on Facebook: A series of inflammatory conservative websites, finely tuned to produce the most viral and outrageous version of the news. The social network rewarded him with an audience. Facebook Inc. now wants something different. Reacting to concerns about how fake news spread on its ...

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No reason for Assad to give up Syria leadership: Russia

Syrian president bashar al assad visits russia

Bloomberg Syrian President Bashar al-Assad should be allowed to run for re-election, Russia’s top envoy for Syria said, dismissing Western efforts to condition reconstruction aid on the departure of the leader. “I don’t see why he shouldn’t or wouldn’t run for another presidential term,” Alexander Lav- rentiev, appointed by the Krem- lin to steer the Syria peace process, told Bloomberg ...

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