Petrol price above 150p a litre for first time in nearly two years

US and Chinese officials will hold a second day of trade talks in Spain on Monday as the deadline for the Chinese owner of TikTok to find a buyer or face a ban in America looms. The negotiations, led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, are the latest attempt…

“Foreign workers play a very important role when it comes to Spain’s macroeconomic success: the growth of its GDP, its strong and resilient labour market,” Elma Saiz, Minister for Inclusion, Social Security and Immigration, tells the BBC. She underlines that, of the country’s 22 million registered workers, 14.1% are foreigners.

Yet, analysts do not think inflation will return to the peak of 11.1% seen in the UK in October 2022. That is because the war in Ukraine also caused spikes in the prices of basic foodstuffs, such as wheat and edible oil, owing to the role of Ukraine in producing those items. That is not…