A rise in perishable food prices and lower consumer spending are to blame, according to data cited by The Guardian Shop price inflation in the UK hit its highest rate since 2008 in June, propelled by a sharp increase in perishable food prices. This has been brought about by soaring supply-chain costs and a decline…

A new bloc-wide agency, similar to OFAC in the US, could soon be created, a top official says Lawmakers in the European Union are seeking a new authority to enforce sanctions against Moscow over the conflict in Ukraine, Mairead McGuinness, European Commissioner for Financial Services, told the Financial Times on Sunday.

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