Nigeria cost-of-living crisis sparks exodus of doctors
Synopsis by BBC News Feb 02 23
A cost-of-living crisis in Nigeria is forcing thousands of young professionals to flee abroad.Read full article 
BBC: Nigeria cost-of-living crisis sparks exodus of doctors
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| Last Updated | Feb 02 23 |
| Total Articles | 3 |
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overview of the economy of the United Kingdom
overview of the Federal government of Nigeria
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UK inflation falls as crumpet and meat prices drop: New official figures show that inflation, the rate at which prices rise over time, fell again in March.
bbc.com/news/business-68833077
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
Nigeria inflation climbs to 28-year high in March: Nigeria's inflation kept climbing in March, reaching a 28-year high of 33.20% in annual terms ...
reuters.com/world/africa/nigeria-inflation-rises-3320-year-year-march-2024-04-15/
IMF says outlook for world economy is brighter but still modest by historical standards
pbs.org/newshour/economy/imf-says-outlook-for-world-economy-is-brighter-but-still-modest-by-historical-standards
Quick Glance: IMF upgrades global growth forecast despite risks
- The International Monetary Fund slightly raised its global growth forecast on Tuesday, noting that the economy had proven 'surprisingly resilient' despite inflationary pressures and monetary policy shifts.
- IMF's chief economist, Pierre-Olivier Gourinchas, indicated that the global economy is heading for a 'soft landing,' with risks to the outlook now broadly balanced.
- While advanced economies are expected to lead the growth, dim prospects in China and other major emerging markets could impact global trade partners, according to the report.
- Despite Tuesday's brighter outlook, global growth remains low compared to historical standards, partly due to weak productivity growth and increasing geopolitical fragmentation.
Concern for Bank of England as real earnings growth at highest rate since 2021: While the wage figures are good news for households on the face of it ...
news.sky.com/story/real-earnings-growth-at-its-highest-rate-in-nearly-two-and-a-half-years-13116319
Quick Glance: Rising Real Earnings Growth Raises Concerns at Bank of England
- An unexpectedly weaker decline in the pace of wage increases has led to real earnings growth reaching its highest level in nearly two and a half years when considering inflation, according to the latest official data.
- Recent official figures indicate that average regular pay without bonuses was at 6% in the three months to February compared to the previous year.
- The broader ONS statistics revealed an increase in the UK's unemployment rate from 3.9% to 4.2%, with caution due to ongoing efforts to enhance the reliability of employment data.
- The forthcoming inflation data expected on Wednesday is likely to demonstrate further progress towards the Bank's objectives and the potential for a decrease from the current 5.25% interest rate.
Heineken Ireland is latest to hike price of pint from June: Heineken Ireland has announced that the price of its draught products will increase from June 4.
independent.ie/business/irish/heineken-ireland-is-latest-to-hike-price-of-pint-from-june/a1053458282.html
Cheapest place to buy olive oil as supermarket prices hit £15: UK shoppers have been left unimpressed by the rising cost of an essential kitchen cupboard item in ...
walesonline.co.uk/news/cost-of-living/buy-cheapest-olive-oil-prices-29005877
Neil Shearing: What You Might Be Missing About the Current Economy: A global economist weighs in on inflation, upcoming elections, and deglobalization.
morningstar.com/personal-finance/neil-shearing-what-consensus-is-missing-about-current-economy
Inflation is down again – but don’t expect interest rates to follow suit: The Consumer Prices Index (CPI) did fall in March, from 3.4 per cent to 3.2 per cent ...
spectator.co.uk/article/inflation-is-down-again-but-dont-expect-interest-rates-to-follow-suit/
Money latest: Drivers warned 'psychological shock' coming from petrol prices: The RAC and the AA have said drivers should brace for "tough" times ahead ...
news.sky.com/story/money-blog-news-latest-consumer-financial-inflation-employment-rights-maternity-leave-cost-of-living-13040934
BOE may cut rates before the Fed as UK inflation creeps closer to 3%: Bank of England governor struck a different tone Tuesday, noting a ‘divergence’ between the ...
businesspost.ie/news/boe-may-cut-rates-before-the-fed-as-uk-inflation-creeps-closer-to-3/
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Dr. Martens stock plunges after dour US revenue outlook : Chunky bootmaker Dr. Martens is warning of a tough year ahead. Dr. Martens shares plunged more than 30% ...
apnews.com/article/dr-martens-stock-revenue-decline-ceo-be84f545f5dbfdf623cba59c5abfea2b
Quick Glance: Dr. Martens: Issues with Chinese Competition
- Weak demand and cheap Chinese competitors impact Dr. Martens.
- Gloomy outlook for 2025 due to weak US demand.
- Lawsuit against Chinese providers Temu and Shein for trademark violations.
- Fashion industry under severe pressure from Chinese competition.
UK wage growth and services inflation too high for rate cut, BoE's Greene says: Britain's latest wage growth and services price inflation data is too high for ...
reuters.com/world/uk/uk-wage-growth-services-inflation-too-high-rate-cut-boes-greene-says-2024-04-18/
BOE’s Megan Greene Says UK Interest Rates Cuts ‘Not Imminent’: Bank of England policymaker Megan Greene said the UK faces difficult trade-offs over whether to ...
bloomberg.com/news/articles/2024-04-18/boe-s-megan-greene-says-uk-interest-rates-cuts-not-imminent
Analysts split on British rate cut timing, even as inflation falls: UK inflation figures brought good news with price rises falling to 3.2 per cent in March ...
businesspost.ie/news-focus/analysts-split-on-british-rate-cut-timing-even-as-inflation-falls/
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You can buy a Cadbury Freddo for 10p - for first time in 19 years: Sainsbury's has announced that Nectar customers will be able to buy a Dairy Milk Freddo ...
metro.co.uk/2024/04/16/buy-cadbury-freddo-10p-supermarket-20656164/
Central Bankers Should Retire the 2% Inflation Target: With the energy shock now a memory, central bankers require more flexible objectives.
bloomberg.com/opinion/articles/2024-04-17/central-bankers-should-retire-the-2-inflation-target
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Investors should expect ‘new normal’ once interest rates drop, BMO head says: CEO Darryl White tells shareholders BMO’s U.S. segment has posted income of more ...
theglobeandmail.com/business/article-investors-should-expect-new-normal-once-interest-rates-drop-bmo-head/
Paid articlePaid BOE Official Warns of ‘Bumpy’ Last Mile in Inflation Fight: Bank of England policy maker Megan Greene said developed economies including the UK face a “bumpy ...
bloomberg.com/news/articles/2024-04-17/boe-official-warns-of-bumpy-last-mile-in-inflation-fight
Paid articlePaid London Rents Rise as Croydon, Greenwich, Harrow Drive Record Increase: London’s long-overlooked outer boroughs helped to drive the pace of rental inflation in ...
bloomberg.com/news/articles/2024-04-17/london-s-overlooked-outer-boroughs-help-drive-record-rent-rise
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Martin Lewis issues £113 warning to millions and says 'to be clear': The Martin Lewis Money Show star reacted to inflation coming down on Wednesday ...
birminghammail.co.uk/news/cost-of-living/martin-lewis-issues-113-warning-29016226
UK Inflation: Traders Favor Just One BOE Rate Cut in 2024 After Hot Data: Money markets rushed to trim wagers on the extent of monetary easing by the Bank of ...
bloomberg.com/news/articles/2024-04-17/traders-favor-just-one-boe-cut-in-2024-after-hot-inflation-data
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Bank of England to cut rates in May, Morgan Stanley says, retaining contrarian call
cnbc.com/2024/04/18/bank-of-england-to-cut-rates-in-may-morgan-stanley-says.html
Wholesale prices rise in March by 0.53% from a year, shows govt data: Economists polled by Reuters had estimated the index would rise 0.51%. It rose 0 ...
business-standard.com/economy/news/wholesale-prices-rise-in-march-by-0-53-from-a-year-shows-govt-data-124041500267_1.html
BOE May Be Able to Cut Interest Rates Before Fed, Andrew Bailey Suggests: Bank of England Governor Andrew Bailey hinted that the UK might be able to lower ...
bloomberg.com/news/articles/2024-04-16/bailey-hints-boe-might-be-able-to-cut-rates-before-fed-in-us
The TLT May Drop Further Amid Higher Inflation And Term Premiums: iShares 20-Year Treasury ETF is expected to decline further as economic data and inflation ...
seekingalpha.com/article/4684045-the-tlt-may-drop-further-amid-higher-inflation-and-term-premiums
Paid articlePaid UK Is Beating US on Inflation Fight And May Cut Rates Sooner: Britain is starting to rein in inflation at a quicker pace than the US, underscoring a divergence ...
bloomberg.com/news/articles/2024-04-15/uk-is-beating-us-on-inflation-fight-and-may-cut-rates-sooner
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Minimum unit pricing: Here's how much beer, wine and spirits could cost in Scotland if cost increase agreed
scotsman.com/news/scotland/alcohol-prices-minimum-unit-pricing-scotland-4594809
UK Jobs and Pay Data Poses a Dilemma for the Bank of England: Sticky wages and falling vacancies don’t make the Bank of England’s life any easier.
bloomberg.com/news/newsletters/2024-04-16/uk-jobs-and-pay-data-poses-a-dilemma-for-the-bank-of-england
Rio Tinto says global economy resilient, inflation easing despite patchy China: Shipments of its key commodity iron ore fell over the past three months as bad ...
smh.com.au/business/companies/rio-tinto-says-global-economy-resilient-inflation-easing-despite-patchy-china-20240417-p5fken.html
FTSE 100 flat as inflation data dampens risk appetite: The UK's FTSE 100 was flat on Wednesday as a lesser-than-expected slowdown in Britain's inflation rate ...
reuters.com/world/uk/ftse-100-flat-inflation-data-dampens-risk-appetite-2024-04-17/
UK Inflation Stronger Than Expected on Higher Fuel Prices: Get briefed ahead of your morning calls with the latest UK business headlines, key data and market ...
bloomberg.com/news/newsletters/2024-04-17/uk-inflation-stronger-than-expected-on-higher-fuel-prices-lv3ha2jn
BOE may cut rates before the Fed as UK inflation creeps closer to 3%: Bank of England governor struck a different tone Tuesday, noting a ‘divergence’ between the ...
businesspost.ie/news/boe-may-cut-rates-before-the-fed-as-uk-inflation-creeps-closer-to-3/
Paid articlePaid UK Is Beating US on Inflation Fight And May Cut Rates Sooner: Get briefed ahead of your morning calls with the latest UK business headlines ...
bloomberg.com/news/newsletters/2024-04-15/can-we-win-the-inflation-race
Waning of inflation boosts Tesco and supermarket peers: A significant weakening of inflation over recent months has set the retailer up for a strong year
businesspost.ie/analysis-opinion/waning-of-inflation-boosts-tesco-and-supermarket-peers/
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Others paying too dearly for Bank of England shortcomings: The Ben Bernanke review has reignited the debate over the extent to which the BoE’s failings have ...
heraldscotland.com/opinion/24255225.others-paying-dearly-bank-england-shortcomings/
Q1/2024 check-up: how the Swiss economy is faring - SWI swissinfo.ch: The highlights of the Swiss economy in the first three months of 2024 - here is our ...
swissinfo.ch/eng/workplace-switzerland/q1-2024-check-up-how-the-swiss-economy-is-faring/75764295
Businesses urged to help as UK unemployment jumps: The number of people out of work rose higher than some economists were expecting
business-live.co.uk/economic-development/businesses-urged-help-uk-unemployment-29003255
Why economic forecasting is performance art for central bankers: Ben Bernanke’s review is full of sound recommendations but unlikely to alter this opaque process
ft.com/content/475e1fae-1bf6-4aaf-ba07-e249f09cbc78
Economists warn tax hikes are on the table in Tuesday’s budget: The Finance Minister has fuelled that speculation in large part by refusing to rule out such ...
theglobeandmail.com/politics/article-economists-warn-tax-hikes-are-on-the-table-in-tuesdays-budget/
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£16 warning to all shoppers with olive oil in their kitchen: The average price of a two-litre bottle of supermarket olive oil has risen by 89 per cent in the ...
nottinghampost.com/news/cost-of-living/olive-oil-16-warning-shoppers-9223616
UK Brexit Border Rules on Imported EU Food to Add to Inflation: Allianz: Brexit border controls on certain foods imported to the UK from the European Union may ...
bloomberg.com/news/articles/2024-04-10/uk-brexit-border-rules-to-add-0-2-points-inflation-allianz-says
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