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UK firms expect pay rises in record numbers on inflation

  Bloomberg A record number of UK companies expect to increase wages as the war in Ukraine deepens the cost of living crisis, a survey showed. The Lloyds Bank Business Barometer found that a half intended to boost average pay by at least 2% in the next 12 months. A fifth of businesses that have annual turnover of more than ...

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Italian inflation surges to 7% in March

  Bloomberg Italian inflation surged to the highest in three decades as energy prices continued to rise following Russia’s invasion of Ukraine. Prices increased 7% in March from a year earlier, statistics office Istat said. That’s the fastest pace since 1991. Rising prices and the ongoing conflict are impacting the economy with Finance Minister Daniele Franco saying last week that ...

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Brazil exports, imports hit record high in March

  Bloomberg Brazil posted record monthly exports and imports in March on the back of a surge in global commodity prices fuelled by the Russian invasion of the Ukraine. Exports rose almost 20% from the same month a year ago to $29.1 billion, a record for the data series that goes back to 1959, the Economy Ministry reported. Imports increased ...

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