News And Announcements
Elizabeth line finally given late May opening date
London’s long-awaited Crossrail project was finally given an official opening date on Wednesday, although commuters will still need to wait for full-line through service.
EU unveils embargo on Russian oil imports
The European Union is to ban all Russian oil imports, it was announced on Wednesday, as it looks to tighten sanctions against Moscow in response to the war in Ukraine.
Services sector drives eurozone growth in April - PMI
Eurozone business activity rose in April driven by activity in the services industry as Covid restrictions were eased, offsetting a near-stall in manufacturing output growth, a key survey showed on Wednesday.
UK mortgage approvals broadly flat in March
The number of mortgage approvals in the United Kingdom, an indicator of future borrowing, was broadly flat month-on-month in March at 70,700, according to the Bank of England.
UK shop price rises hit decade high - survey
Prices in UK stores rose at their fastest pace for more than a decade in April as high energy prices and the war in Ukraine pushed up costs for suppliers and retailers, an industry survey showed.
Retail footfall sparks over bank holiday weekend
Retail footfall jumped over the early May bank holiday weekend, industry data showed on Tuesday.
Fitch cuts growth forecast for China
Fitch Ratings has cut its growth forecast for China after Beijing’s policy of zero-Covid started to weigh on the country’s economy.
Eurozone jobless rate edges lower
Eurozone unemployment continued to edge lower in March, official data showed on Tuesday.
UK manufacturing sector growth picks up in April
The UK manufacturing sector picked up in April, industry research showed on Tuesday, but confidence tumbled as inflationary pressures continued to mount.
Australia's RBA lifts interest rates for first time since 2010
Australia's central bank on Tuesday lifted interest rates for the first time in more than a decade, an intervention days before the country goes to the polls in a national election.