Bloomberg The gap in inflation experienced by the richest and poorest households in the UK has expanded to its widest level in at least 16 years, according to a report by the Resolution Foundation think-tank. Soaring energy bills as well as higher food costs have sent the UK’s overall inflation rate to a 40-year high of 9%. But headline ...

  Bloomberg Apple Inc is raising salaries for workers in the US by 10% or more as it faces a tight labour market and the spread of unionisation efforts across its retail stores. The Cupertino, California-based company is expanding its overall compensation budget this year, it said in a statement. It will hike minimum hourly pay for its staff to ...

  Bloomberg US equity futures were mixed and bonds gained on Thursday as traders weighed Federal Reserve minutes that struck a less hawkish note with downbeat remarks on China’s economy by Premier Li Keqiang. Contracts on the Nasdaq 100 and S&P 500 fluctuated amid mixed corporate news. Nvidia Corp. fell more than 5% in premarket trading as China’s Covid-19 lockdowns ...