Monday, January 17th, 2022

Tag: surging

Bank of England hikes interest rates to combat surging inflation

The central bank’s Monetary Policy Committee said Thursday that it would raise interest rates from the record low of 0.1% to 0.25%, the first such move by any major central bank since the start...

Southwest and British Airways deals send Velocys shares surging

pic4you | E+ | Getty Images Shares of London-listed fuels technology firm Velocys rose by more than 40% on Wednesday after it announced two deals related to the supply of aviation fuel. In a...

KKR buyout offer sends Telecom Italia shares surging 22%

Marc Hill | Bloomberg | Getty Images Telecom Italia shares jumped more than 22% on Monday morning after U.S. private equity giant KKR launched a 10.8 billion euro ($12 billion) buyout bid for Italy’s...

Surging shipping costs to drive consumer price inflation, UNCTAD says

A view shows a container ship in the Port of Baltimore, Maryland, November 10, 2021. Evelyn Hockstein | Reuters “UNCTAD’s analysis shows that the current surge in container freight rates, if sustained, could increase...