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...Escalating geopolitical tensions in Asia and the Middle East helped drive the increase in global defence spending to 2.3 per cent of global economic output, Sipri said in its latest annual survey of global...
...Core inflation, which strips out energy, food, alcohol and tobacco, declined to 4.2 per cent in March from 4.5 per cent in the previous month. Analysts had expected a decline to 4.1 per cent....
...The US economy grew 3.4 per cent in the fourth quarter, an upgrade from previous estimates, as consumer spending and nonresidential fixed investment were revised higher....
...Sales at John Lewis were down 4 per cent to £4.8bn. Trading operating profit improved by £170mn to £1bn at Waitrose, while at John Lewis it rose by £13mn to £689mn year on year....
...The figure from the Bureau of Economic Analysis was far below analysts’ expectations of a 2.5 per cent rise and the revised rate of 3.4 per cent for the fourth quarter....
...Freelance creative assistant Khari Madu, 27, wears Saint Laurent taffeta coat, £3,615, wool trousers, £1,385, and nappa leather boots, £1,115....
...(threat 2 Qg8 mate) when 1 . . . Nb4 2 Ne3 really is mate or 1 . . . Nd4 2 Nb6 mate (by John Rice and Michael Lipton). Chess: 2345 1 Rxg7! Kxg7 (if Rb1 2 Rg1!...
...briefs, £680 Gucci light-stretch-wool dress with lace inserts, £2,970 Loewe wool and cashmere Knot top, £725, and matching trousers, £1,100....
...Russia would need to produce 3.6mn shells a year to sustain the current rate of fire, according to a report published this week by the Center for Strategic and International Studies....
...The figure was slightly higher than the 3.1 per cent forecast by economists polled by Reuters and the Bank of England and above the BoE’s 2 per cent target....
...The UK government has pledged this week to increase defence spending from about 2.3 per cent to 2.5 per cent of national income....
...Underlying sales rose 4.4 per cent in the first quarter of the year, beating analysts’ expectations of 3 per cent, while turnover grew 1.4 per cent to €15bn....
...The government estimates that getting military spending to 2.5 per cent of gross domestic product from its current baseline of 2.3 per cent of GDP will cost an extra £4.5bn a year by 2028-29....
...Core inflation, which strips out energy and food prices to give a better picture of underlying price pressures, fell slightly more than economists expected to 2.9 per cent in March, compared with 3.1 per...
...Sterling fell slightly following Ramsden’s speech, trading 0.4 per cent lower against the US dollar at $1.239....
...The Facebook parent was down 1.2 per cent. Economists expect the US economy to have grown 2.4 per cent in the first quarter, a slower pace than the 3.4 per cent increase in the fourth quarter....
...Europe has meanwhile increased its defence spending from 1.3 per cent to 1.6 per cent of GDP over the same five-year period....
...Organic sales during the period rose 1.4 per cent, compared with analyst consensus of 2.9 per cent. The maker of Smarties and Nescafé raised prices by 3.4 per cent in line with expectations....
...Thames Water does not own Tideway....
...Waitrose is only slightly ahead of M&S in the grocery market, with a 3.6 per cent market share this month versus the latter’s 3.4 per cent, according to data provider NIQ....
...Non-food prices were broadly unchanged from March last year, with annual inflation of only 0.2 per cent in March. This is down from 1.3 per cent in February and the lowest since January 2022....
...“Inflation has not just fallen decisively but is forecast to hit the 2 per cent target within months.” February’s 3.4 per cent rise in CPI compared with a peak of 11.1 per cent in October 2022....
...Sales in petrol stations were up 3.2 per cent in March, household goods stores reported a 2.4 per cent expansion and sales at clothing stores rose 0.5 per cent....
...Grocery price inflation fell to 3.2 per cent in the four weeks to mid-April, down from 4.5 per cent last month and the lowest rate since November 2021, research company Kantar said on Tuesday....
...CPI had risen to 3.2 per cent in February from 3.1 per cent in January....
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