UK warned of ‘astronomical’ inflation next year

Inflation in the UK will reach “astronomical” levels next year, and households will continue struggling amid the ongoing cost-of-living crisis, The Guardian newspaper reported on Wednesday, quoting a leading think tank.

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Tally of major brands who quit Russia revealed

Nearly a third of foreign retailers have left Russia following Western sanctions over the conflict in Ukraine, Russian daily Izvestia reported on Thursday. A total of 27% of companies that leased premises in shopping centers decided to terminate their activities in Russia, consulting company CORE.XP (formerly CBRE) told Izvestia. A further 51% of foreign brands…

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German ex-chancellor suggests way to end Ukraine conflict

The “success” of the Istanbul grain deal between Russia and Ukraine can be used to reach a ceasefire, Gerhard Schroeder believes A ceasefire between Russia and Ukraine is possible, Germany’s former chancellor, Gerhard Schroeder, told several German media outlets following his visit to Moscow last week. The Kremlin wants to resolve the conflict through talks,…

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