Bloomberg Surging inflation will pile £2,370 ($2,900) on to the bills of the average UK household this year, according to a new study, raising fresh pressure on the Bank of England (BOE) and government to step up their response to the cost of living crunch. With wages falling behind price gains and the government raising taxes, the report from ...

  Bloomberg Norway’s economy contracted as expected at the beginning of the year, while a rebound after removal of virus-related measures bolstered the outlook for quarterly interest rate hikes by Norges Bank. Mainland gross domestic product, which adjusts for the nation’s offshore industry, shrank 0.6 percent in the first quarter from the previous three months, dented by the last pandemic ...

  Bloomberg Shares in Venezuela’s state-owned telecommunications company soared this week in Caracas as the government announced plans to offer stakes in public companies, boosting expectations for a revival in the local market. Cia. Anonima Nacional Telefonos de Venezuela SA, or CANTV, surged 41% in two days, according to Caracas Stock Exchange data, after President Nicolas Maduro said his government ...