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The move to tackle soaring inflation may hit thousands of homeowners with higher mortgage costs The Bank of England announced the biggest interest rate increase in more than three decades on Thursday. The key rate was hiked by three-quarters of a percentage point in a move to curb inflation.

Wheat prices jumped nearly 8% on Monday on news of explosions in the Ukrainian capital and other cities, trading data shows. According to analysts who spoke to Bloomberg, the rising prices are due to the escalation in the conflict between Moscow and Kiev, which has placed the Ukraine grain deal, due to expire in about a month,…