Bloomberg UK inflation unexpectedly accelerated for a fourth straight month in January, a surprise that highlights a brutal cost-of-living crisis that’s only set to worsen this year. Annual price growth rises to 5.5 percent, a new 30-year high, driven by clothing and footwear, the Office for National Statistics said on Wednesday. Both economists and the Bank of England had ...

  Bloomberg Trade between Ireland and Northern Ireland surged during 2021 following the UKs formal departure from the European Union. Imports from Northern Ireland to the Irish Republic jumped 65% compared to a year earlier, while exports from the Republic to Northern Ireland rise 54%, Ireland’s Central Statistics Office said. Meanwhile, imports to Ireland from the rest of the UK ...

  Bloomberg Telecom Italia SpA, the phone carrier targeted in November by KKR & Co, is weighing reducing its Italian workforce by as much as one fifth amid faltering profit during the pandemic and heightened competition in its home market. Pietro Labriola, who took over as the ex-monopolist’s chief executive officer last month, is mulling a three-year restructuring plan that ...