Category : Search result: Iranian inflation


UK Food Inflation Crashes to 18-Month Low

In a major relief for households, UK food inflation has dropped to its lowest level since January 2023. We break down which grocery prices are falling fastest and what it means for your weekly shop.

Australia expels Iranian ambassador over antisemitic attacks

Australia takes unprecedented diplomatic action, expelling Iran's ambassador following compelling evidence linking Tehran to orchestrated antisemitic attacks on Australian soil. The move signals a major escalation in bilateral tensions.

Albanese: Iran Behind Anti-Semitic Attacks in Australia

Australian Prime Minister Anthony Albanese makes stunning revelation confirming Iranian state involvement in two recent anti-Semitic incidents, escalating diplomatic tensions and raising national security concerns.

UK Retail Sales Crash Amid Soaring Inflation

New data reveals a sharp decline in UK retail sales, with like-for-like growth turning negative. Soaring food inflation and the cost-of-living crisis are forcing consumers to cut back severely on non-essential spending.

UK Inflation Rises, Halting Bank of England Rate Cuts

UK inflation unexpectedly jumped to 2.3% in July, dashing hopes for an August interest rate cut. Soaring air fares and rising clothing costs are blamed, putting the Bank of England's next move under intense scrutiny.

UK Inflation Rises to 2.5%, Dashing Rate Cut Hopes

In a fresh blow to household budgets, UK inflation rose to 2.5% in April, driven by soaring energy bills and stubborn service costs. The surprise jump dashes hopes for an imminent Bank of England interest rate cut, prolonging the cost-of-living squeeze fo

Bank of England holds rates at 5.25%

The Bank of England has kept interest rates unchanged at 5.25% for the fifth consecutive meeting, as inflation remains stubbornly above target. Governor Andrew Bailey signals cautious optimism but warns of persistent risks.

7-year sentence for child rapist sparks outrage

An Iranian man convicted of raping a 13-year-old girl in an alleyway has been sentenced to just seven years in prison, sparking outrage as the judge ruled he 'did not pose a danger to the public.'

Iran's Last Shah: How He Sealed His Fate

Scott Anderson's 'King of Kings' offers a riveting account of the rise and fall of Iran's last Shah, Mohammad Reza Pahlavi. Discover how his reign crumbled amid revolution and geopolitical turmoil.

Asylum seeker wins appeal after nationality switch

An asylum seeker successfully overturned a deportation order after switching his claimed nationality from Iranian to Afghan halfway through his case, sparking debate over immigration appeals.

Judge halts Trump-era ban on Iranian immigrants

A federal judge in Oregon has halted a controversial Trump-era policy that barred Iranian nationals from adjusting their immigration status in the US. The ruling marks a significant victory for immigrant rights advocates.

Inflation shock: UK prices rise to 3.6%

UK inflation unexpectedly climbs to 3.6%, dealing a blow to Chancellor Rachel Reeves and economists who predicted a slowdown. The surprise rise delays hopes for interest rate cuts and sparks fresh economic concerns.

UK inflation rises to 4% in December

UK inflation surges unexpectedly to 4% in December, driven by rising tobacco and alcohol prices. Experts warn of prolonged cost-of-living pressures as the Bank of England faces tough rate decisions.

BoE's Bailey warns against premature rate cuts

Andrew Bailey, Governor of the Bank of England, cautions against premature interest rate reductions, emphasising the need for sustained inflation control despite political pressures.

US stocks surge as inflation cools

Wall Street rallies as US inflation data fuels optimism, with the Dow Jones and Nasdaq Composite hitting record highs. How will this impact London and global markets?

US Inflation Cools as Trump Tariffs Loom

New data shows US inflation easing in June, but economists warn Trump’s proposed tariffs could reverse progress. Here’s how it impacts markets and consumers.

US inflation rises as Trump tariffs take effect

Fresh data shows US inflation climbing in June, driven by Trump's aggressive trade policies. Experts warn of global economic ripple effects, including potential impacts on British markets and consumers.

Trump's Economy Hit by Soaring Grocery Prices

As inflation continues to surge, grocery prices skyrocket, dealing another blow to Trump's economic record. Experts warn of prolonged financial strain for households.

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