Bloomberg UK property developers must contribute to a 4 billion-pound-fund ($5.4 billion) to fix dangerous cladding on low-rise apartment blocks by March or face new regulations that would force them to pay, Housing Secretary Michael Gove said. Gove said it was “morally wrong” that homeowners were still trapped in unsafe and unsellable apartments more than four years after the ...

Bloomberg Polish inflation hit a 21-year-high, exceeding most analysts’ forecasts and boosting expectations that the central bank will keep raising interest rates. Consumer prices in December jumped 8.6% from a year earlier, compared with 7.8% in November, preliminary data showed. The reading was above a median of 8.2% in a Bloomberg survey of 23 economists. This week, Governor Adam Glapinski ...

  Bloomberg Inflation in the euro region accelerated beyond already record levels, defying expectations for a slowdown and complicating the task for European Central Bank officials who insist the current spike is temporary. Consumer prices jumped 5% from a year earlier in December — faster than the previous month’s 4.9% gain and more than the 4.8% median estimate in a ...