Cost of Living
US Homebuyers Flock to Midwest Refuge Markets for Affordability
Cost-conscious buyers are reshaping property demand by leaving expensive coastal metros for budget-friendly Midwestern refuge markets amidst high borrowing costs.
UK mortgage rates rise as geopolitical tensions impact financial markets
Escalating geopolitical tensions have pushed average UK two-year fixed mortgage rates to 5.06%, squeezing borrower affordability and dampening property market activity.
Clashes Erupt in Barcelona as Millions Join Spain General Strike
Millions across Spain joined the country's first general strike in fourteen years, paralyzing transport and sparking clashes in Barcelona over housing costs.
US inflation report highlights strain of rising food, energy and housing costs
Fresh government data highlights ongoing financial strain for American households as stubbornly high food, energy, and housing costs outpace wage growth.
US inflation tops forecasts in October, raising odds of Federal Reserve rate hike
US consumer prices rose 0.4% in October, exceeding economist forecasts as price pressures spread beyond energy and heightened expectations for a Federal Reserve rate hike.
UK public sector workers caught in multi-job fraud crackdown
The Cabinet Office has identified at least 301 public sector employees engaging in secret multiple-job fraud, recovering £1.35 million over a decade.
Bank of England leaves door open for December interest rate hike
The Bank of England has kept the door open for a December interest rate hike, with Deputy Governor Clare Lombardelli highlighting cooling hiring trends and youth unemployment strains across the UK.
EU Council approves Italy fiscal flexibility for defense and energy spending
The EU Economic and Financial Affairs Council has approved Italy's application of the National Escape Clause, providing fiscal flexibility for defense and energy spending.
Europe protests erupt as rising cost of living sparks coordinated rallies
Pan-European protests and general strikes are sweeping the continent as soaring inflation, skyrocketing housing costs, and extreme drought collide.
UK households warned gas price spike could pile fresh pressure on energy bills
Renewed spikes in wholesale gas prices threaten winter budgets for UK households, with analysts warning of further energy bill increases and mortgage pressure.
Serbia opposition wins parliament majority after youth protests over rail disaster
Serbia's student-backed opposition secured a parliamentary majority following years of demonstrations sparked by a fatal railway disaster in Novi Sad.
GSI's final cost remains unclear
Regulatory authorities and the EIB indicate that the final cost and completion timeline for the Great Sea Interconnector cannot yet be safely estimated.
Isaac Herzog tasks Gadi Eisenkot with forming Israel government
Israeli President Isaac Herzog has entrusted Yashar party leader Gadi Eisenkot with forming the next government after he secured 67 Knesset recommendations. Eisenkot now faces a 28-day window to build a coalition amid intense political divisions.
Melbourne Cup revellers confront rising interest rates and cost of living squeeze
Melbourne Cup celebrations collided with sobering financial realities as rising global interest rates and escalating living costs squeezed household budgets.
UK house prices 1.2% lower than a year ago, biggest annual fall in three years
UK house prices recorded their sharpest annual decline in three years in October, dropping 1.2% amid rising borrowing costs and tighter household budgets.
Rightmove raises 2026 EPS growth forecast to at least 7%
Rightmove has upgraded its 2026 underlying earnings per share growth forecast to at least 7% despite challenging conditions in the UK property market.
UK House Prices Post Steepest Drop in Over Three Years as Mortgage Costs Bite
UK property values suffered their largest monthly decline in over three years, dropping 0.6% to an average of £296,285 amid surging borrowing costs.
UK home affordability worsens despite wage growth and interest rates
UK homeownership becomes increasingly out of reach as high interest rates erode purchasing power, driving up monthly mortgage payments despite faster wage growth.
Biden Administration Inflation Driven Tax Increases Hit Working Families
Overlapping economic pressures and inflation have triggered hidden tax increases for working families, sparking fierce political debate over household affordability.
UK house prices record biggest annual fall since October 2023
UK house prices recorded their steepest annual fall in three years, dropping 1.2% to an average of £296,285 amid rising borrowing costs and economic pressure.