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McDonald's has put up the price of its cheeseburger for the first time in more than 14 years, due to growing cost pressures. more

The United Kingdom will have the slowest economic growth among the G7 countries, the richest group of countries in the world in 2023, the International Monetary Fund (IMF) warned in the latest analysis.more

Electricity delivered last Wednesday from Belgium via the Nemo underwater cable saved the British capital from a power outage, reports Bloomberg. Britons had to pay a record £9,724.54 per megawatt hour for the service, about 5,000 per cent more than on a normal day.more

Transport for London is still planning big cuts despite a multi-billion-pound funding offer from government, according to Sadiq Khan. more

Universities are calling on foreign students not to come to the Netherlands if they are not guaranteed a place to live, reports the daily newspaper Het Parool. Recently, the universities of Maastricht, Groningen and Delft made this call and now they have been joined by the universities of Amsterdam.more

European Union energy ministers today reached a political agreement on reducing gas demand. It provides for a voluntary 15 per cent reduction in demand for this raw material before and during winter.more

We hope, as does the NBP, that we will see a peak in inflation in August-September. After that, prices will stabilise. Inflation will remain at an elevated level, but the situation will be more stable," Finance Minister Magdalena Rzeczkowska said in an interview with Business Insider Polska.more

The summer of discontent is about to take a very smelly turn with a series of strikes by bin workers.more

According to the estimates of the Polish Association of Construction Employers, after the outbreak of the war in Ukraine, from 90,000 to 100,000 Polish construction sites, ie 20-30 percent, were left behind. Ukrainians employed there. The biggest problem concerns smaller companies that are subcontractors to general contractors.more

The UK's Brexit divorce bill from leaving the EU could rise to £42.5bn, potentially adding billions to payments, the government says. more

Representatives of Ukraine and Russia signed two separate "mirror" agreements with Turkey and the United Nations, which would unblock the export of Ukrainian grain through the Black Sea ports. The agreement concluded yesterday in Istanbul is intended to guarantee safe sea corridors to three Ukrainian ports. According to the UN, it will take several weeks for the agreement to be fully implemented.more

More than 550,000 passport applications were stuck waiting to be processed at the end of last, MPs have been told.more

The ASDA supermarket chain and the operator Vodafone have joined the group of companies that will offer help to the British struggling with the crisis related to the rising costs of living.more

We are raising the forecast of the final level of interest rate hikes by the NBP to 8%. - reported the research office of the Goldman Sachs bank.more

Aldi has been crowned as the cheapest supermarket chain for June, undercutting some of its competitors by more than £25.more

Royal Mail has reported it is losing £1m a day and has threatened to split if it cannot achieve “significant operational change”, as it faces what could be the biggest strike of the summer.more

The UK's annual inflation rate stood at 9.4% in June, another month in which it is at its highest in more than 40 years, the National Statistics Office (ONS) reported. In May, inflation was 9.1 percent.more

According to a study by UCE RESEARCH and the BLIX Group, high inflation means that almost eight out of ten Poles look for cheaper products or substitutes in stores. In turn, their price usually has to be 20-30% lower to be interesting at all. Less than 40% of Poles mainly try to save on food.more

Regular pay is falling at the fastest rate since 2001 when taking into account rising prices, official figures show. more

"The truth is that the world economy is facing a challenge that has not been seen in decades," wrote German Chancellor Olaf Scholz in a guest article for the Frankfurter Allgemeine Zeitung.more

Amazon's online grocery shop is price matching hundreds of Tesco products as supermarkets battle for customers amid the soaring cost of living.more

Experts of the Polish Economic Institute have warned that the UK faces a damaging recession later this year and raised fears that managers lacked experience in dealing with severe economic shocks.more

Average inflation in the Netherlands will amount to 9.4% this year, the European Commission predicts. In May, the European Commission estimated it at 7.4 percent. Brussels also points out that the average increase in the prices of goods and services for nineteen euro area countries in 2022 is estimated at 6.1 percent in two months. will rise to 7.6 percent.more

The consequences of the war in Ukraine are already severe for Europe, but if the conflict continues, the Russian winter will come: rising energy and food prices may change the attitude of voters and test the determination of governments to support Kiev, states the Politico.eu website.more

The EU will ask EU countries to save gas ahead of the winter season by encouraging companies to reduce their consumption of the commodity so that the Union is prepared for possible further supply cuts, according to a document accessed by Reuters.more