The Bank of England is expected to raise interest rates soon to combat rising inflation, forcing households to bear the financial burden of higher borrowing costs.
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Raising borrowing costs too far risks laying waste to whatever growth there is in the economyA head of steam is building up behind the Bank of England raising interest rates again. With the latest forecasts by the central bank showing inflation rising to 5% next spring, another increase in the cost of borrowing seems inevitable, and may come as soon as next month.A growing number of analysts predict the Bank’s policymakers will don Scrooge masks when they meet on 17 December to deliver a message of austerity and sacrifice. Continue reading...
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The EU demands Israel allow UN humanitarian aid into Gaza, highlighting a critical failure in delivering essential relief to the population.
Nigeria warns citizens against transiting through Addis Ababa because high altitude has caused six deaths among travelers with pre-existing health conditions this year.
Israeli forces occupied a Palestinian-American's home in the West Bank for 17 days, highlighting ongoing displacement and rights violations in the region.