UK house prices fell at the sharpest annual pace since 2009 after surging interest rates increased the cost of borrowing, one of the biggest mortgage lenders said.
UK living standards rose for the first time in more than a year, a sign that the cost-of-living crisis is easing.
French inflation eased for the first time in three months, tracking slowdowns in other big euro-zone economies after last year’s war-induced spike in energy costs faded.
Eskom Holdings SOC Ltd. is considering buying electricity from a Karpowership plant to be located offshore Mozambique after declining to sign agreements to procure power from facilities the Turkish company planned to moor off the South African coast.
Oil headed for a weekly surge of more than 7% as an ongoing disruption to Iraqi exports tightened the market ahead of US inflation data.
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