UK inflation to hit 18% in early 2023, Citi forecasts

Newsletter Aug 23, 2022 [ International Business Times]( [UK inflation to hit 18% in early 2023, Citi forecasts]( British consumer price inflation is set to peak at 18% - nine times the Bank of England's target - in early 2023, an economist at U.S. [Learn more about Jeeng]( [UK dock workers' union threatens further strikes]( A trade union on Monday warned of more strikes at the UK's largest container port if pay demands are not met, threatening to cause further disruptions to the supply chain. You Might Like    [Learn more about Jeeng]( [Elon Musk subpoenas former Twitter chief Jack Dorsey]( Records made public on Monday show Dorsey was served with a legal order to give Musk any communications or documents related to the takeover deal inked in April. [Oil prices rise after Saudi says OPEC could cut output]( Oil prices edged up on Tuesday, after Saudi Arabia warned that OPEC could cut output to correct a recent drop in oil futures. [British cinema chain mulls US bankruptcy filing]( British-based cinema chain Cineworld confirmed Monday that a US bankruptcy filing is among options for the debt-laden group. [Gas crisis sends euro back below parity against dollar]( The euro briefly fell back below parity against a robust dollar on Monday and was languishing at five-week lows. [Europe's energy woes haunt euro, Asian stocks]( Asian shares were down for a sixth straight session on Tuesday after a renewed spike in European energy prices stoked fears of recession and pushed bond yields higher, while tipping the euro to 20-year lows. [Goldman Sachs' long-running gender bias lawsuit set for June 2023 trial]( A U.S. federal judge on Monday rejected Goldman Sachs Group Inc's bid to dismiss most of a 12-year-old class action alleging widespread bias against women in pay and promotions, and said the case will finally go to trial next June. [Ford confirms cutting 3,000 jobs as it pushes towards electric]( The restructuring involves 2,000 salaried positions and 1,000 contractors mostly in the United Sta.tes, Canada and India but does not affect factory workers. [GE workers in Alabama launch union organizing campaign]( General Electric Co's workers at a plant in Alabama said on Monday they have launched a campaign to form a union for better pay and job security. [Scorching September coming, British Weather Services reports]( The anticipated final major heat surge of the summer will officially end on September 23. [Finnish PM tests negative in drug test taken to 'clear suspicion']( A video leaked last week showed Marin dancing and partying with a group of friends and celebrities that created controversy across the world. [MacBook Pro 2023, Mac Mini 2022 release date, features, other details]( The upcoming 14 and 16-inch MacBook Pro models will feature the M2 Pro and M2 Max chips.  [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.