Global stocks mostly fall as British inflation hits new 40-year high

Newsletter Aug 18, 2022 [ International Business Times]( [Global stocks mostly fall as British inflation hits new 40-year high]( The Bank of England warned earlier this month that UK inflation would climb to just above 13 percent this year, which would be the highest level since 1980. [Learn more about Jeeng]( [Investors bet on bigger BoE rate hikes after inflation overshoot]( British two-year government bond yields surged on Wednesday to their highest level since the depths of the global financial crisis almost 14 years ago as stronger-than-expected inflation data fuelled bets on further Bank of England interest rate hikes. You Might Like    [Learn more about Jeeng]( [UK inflation tops 10%, highest since 1982]( British consumer price inflation jumped to 10.1% in July, its highest since February 1982, up from an annual rate of 9.4% in June, intensifying the squeeze on households, official figures showed on Wednesday. [UK police detail 'remarkable' probe into IS 'Beatles' cell]( Counter-terrorism officers said the hostages' recollections helped "zero in" on three of the British captors. ['I am here to kill the Queen,' Windsor Castle intruder told police]( A man arrested at Queen Elizabeth's Windsor Castle home on Christmas Day last year wearing a mask and holding a crossbow told security "I am here to kill the queen", a British court heard on Wednesday. [Oil prices ease as Russia output increases]( Oil prices eased on Thursday, reversing course from the previous session, as rising output from Russia and worries about a potential global recession weighed on futures. [National Nonprofit Day 2022: 3 UK charities to donate to]( Whether male, female, non-binary, old or young- everybody is encouraged to donate to their favourite local cause today. [UK strikes: how Margaret Thatcher and other leaders cut trade union powers over centuries]( British trade union membership is currently around 6.5 million, but was more than double that in the late 1970s, when unions worked together to bring the UK to a standstill. [Coca-Cola and McDonald's left Russia. Their brands stayed behind]( Western companies with iconic brands like Coca-Cola that exit Russia face years of battling knockoffs and unauthorized imports clamoring to fill the void they leave behind, a risky bid as courts show little sympathy for firms that depart. [Pummelled by gas crisis, Germany's Uniper posts $12.5 billion net loss]( German utility Uniper reported a net loss of 12.3 billion euros ($12.5 billion) for the first half and warned it would take until 2024 before it could return to profit. [Miners toil for coal beneath the battle for east Ukraine]( Since Moscow's troops failed to storm Kyiv, the conflict has shifted to the agricultural south and industrial, coal-rich Donbas in the east. [WHO urges caution after dog catches monkeypox]( When viruses jump the species barrier it often sparks concern that they could mutate dangerously. [6 Ways Iceland is innovating the tourism industry]( Iceland is an amazing country that should be visited at least once in your lifetime - but you probably know that already!  [Learn more about Jeeng]( [IBTimes]( IBTimes will always protect your security and privacy. Please read our detailed [Privacy Policy.]( Please do not reply to this email. [Click here]( to adjust your notification preferences or unsubscribe. © Copyright 2022 IBTimes LLC. All Rights Reserved. IBTimes LLC, 33 Whitehall ST FL 7, New York, NY 10004 U.S.A, New York, New York 10004, United States You may [unsubscribe]( or [change your contact details]( at any time.