UK economy grew 7.5% in 2021, fastest since second world war
The UK recorded the fastest growth in the G7 last year, as the economy rebounded from the 2020 slump.
Economy
![UK economy grew 7.5% in 2021, fastest since second world war]()
U.S. Inflation Rate Accelerates to 7.5%, a 40-Year High
Inflation has been driven higher by soaring demand and lack of supply caused by Covid pandemic’s global impact on trade
![U.S. Inflation Rate Accelerates to 7.5%, a 40-Year High]()
US economy showed 5.7% growth last year, rebounding from 2020 recession
The U.S. economy grew last year at the fastest pace since Ronald Reagan's presidency, bouncing back with resilience from 2020's brief but devastating coronavirus recession.
![US economy showed 5.7% growth last year]()
UK inflation leaps to 10-year high
Consumer prices rose by 4.2% in annual terms in October, leaping from a 3.1% increase in September. Both the BoE and a Reuters poll of economists - none of whom had predicted such a big increase - had pointed to a reading of 3.9%.
![UK inflation leaps to 10-year high, bolstering rate hike bets]()
U.S. consumer prices rise at fastest pace in 30 years
The consumer price index rose 0.9% last month after gaining 0.4% in September, the Labor Department said on Wednesday. In the 12 months through October, the CPI accelerated 6.2%. That was the largest year-on-year advance since November 1990 and followed a 5.4% jump in September.
![U.S. consumer prices rise at fastest pace in 30 years]()
U.S. inflation coming off the boil as prices increase slowly in August
Underlying U.S. consumer prices increased at their slowest pace in six months in August as used motor vehicle prices tumbled, suggesting that inflation had probably peaked, though it could remain high for a while amid persistent supply constraints.
![U.S. inflation coming off the boil as prices increase slowly in August]()
El Salvador leads world in adopting bitcoin as official currency
El Salvador on Tuesday became the first country to adopt bitcoin as legal tender, a real-world experiment proponents say will lower commission costs for billions of dollars sent from abroad but which critics warned may fuel money laundering.
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Tesla will 'most likely' restart accepting bitcoin as payments, says Musk
Musk’s comments at the B Word conference come after Tesla said in May it would stop accepting bitcoin for car purchases, less than two months after the company began accepting the world’s biggest digital currency for payment.
![Tesla will 'most likely' restart accepting bitcoin as payments, says Musk]()
