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UK growth forecast upgraded by IMF but risks remain
“Today’s policymaking is constrained by a more volatile external environment with more frequent and overlapping shocks, a rising public interest bill, in part reflecting market concerns with countries’ elevated debt, and the long-standing challenge of weak productivity growth,” he said.
Record temperatures drives up home air conditioning sales
Air conditioning companies have reported business is booming, with one saying inquiries for its home units is up by 300%. Shoppers rushed to pick up portable air conditioning units, external as a red extreme heat warning was put in place for millions of people and temperatures rose to 36.7C, the hottest recorded for June. A…
US interest rates held as Fed boss says no magic wand to tackle high prices
The Fed acknowledged that inflation remained “elevated”, which it said was in part due to rising energy prices, but said US economic activity was expanding at a “solid pace despite uncertainty caused by the conflict in the Middle East”. Warsh said he had wanted to and succeeded in having a “family fight” with his fellow…
Cambridge makes blackberry boxes for low-income families
A community group is hoping to provide free food to low-income households after noticing an abundance of blackberries growing on bushes. Cambridge Sustainable Food aims to provide blackberry-based recipe boxes to 50 households in the city. Alex Vardill, from the organisation, told BBC Radio Cambridgeshire that the group did not want fruit to go to…
