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UK food inflation hits new peak – study

UK food prices have spiked at the highest rate in fourteen years, London-based consulting company Kantar said in a study published on Tuesday. “Grocery price inflation hit 11.6% over the past four weeks, the highest level since we first started tracking the data this way in 2008. As predicted, we’ve now hit a new peak…

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Macron calls for IAEA mission to Zaporozhye nuclear plant

During a phone call with his Ukrainian counterpart, the French president also called on Russian troops to leave the facility French President Emmanuel Macron said he supports experts from the International Atomic Energy Agency (IAEA) being sent to Ukraine’s Zaporozhye nuclear power plant. Moscow, which accuses Kiev of repeatedly shelling the Russia-controlled facility, has stated…

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Biden's anti-inflation legislation to backfire – budget office

The Inflation Reduction Act signed into law by US President Joe Biden on Tuesday will saddle middle-class Americans with about $20 billion in added taxes over the coming decade, the Congressional Budget Office has revealed.

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