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This is a carousel. Use Next and Previous buttons to navigate 15 LONDON (AP) — The Bank of England announced another “forceful” increase in interest rates Thursday, saying it was too soon to declare victory against inflation that has slowed slightly but is still fueling a cost-of-living crisis, public-sector strikes and fears of recession. The bank raised its key rate by half a percentage point, to 4%, resisting the temptation to follow the U.S. Federal Reserve in easing its response to the crisis. The British central bank has approved four straight increases of a half-point or more since Russia’s invasion of Ukraine triggered sharp rises in food and energy prices. “We have done a lot on rates already … but it is too soon to declare victory just yet,” bank Gov. Andrew Bailey said at a news conference. “Inflationary pressures are still there … and we need to be absolutely sure … [Read more...] about Bank of England rate hike says ‘too soon to declare victory’

This is a carousel. Use Next and Previous buttons to navigate 17 MOSCOW (AP) — Russian President Vladimir Putin on Thursday attended commemorations of the 80th anniversary of the Soviet victory over Nazi forces in the battle of Stalingrad, a long and grueling fight that resonates in the current conflict in Ukraine. Putin laid a wreath at the eternal flame of the memorial complex to the fallen Red Army soldiers in Volgograd, the current name of the city, which stretches along the western bank of the Volga River. The memorial is dominated by an 85-meter (279-foot) sculpture of a sword-wielding woman, Europe's tallest statue. The Russian leader is set to speak at a memorial event and have a meeting with activists later in the day. The city was renamed in 1961 as part of the Soviet Union’s rejection of dictator Joseph Stalin’s personality cult. But the name … [Read more...] about Putin commemorates Stalingrad battle, echoing Ukraine fight

Deliveries of the Alfa Romeo Tonale aren’t supposed to start in the United States until the second quarter of this year but the crossover is already enjoying very strong demand. So much so that the automaker is reportedly adding a second shift to its Pomigliano factory in Italy where the Tonal is produced. In the same plant, Stellantis also builds the Fiat Panda and the manufacturer is cutting a shift from the production of the small car. Soon, the same assembly line will also become responsible for the Dodge Hornet , which is essentially a rebadged version of the Tonale. The Italian crossover is currently sold in Europe and Japan, and will soon arrive on US shores where it has a starting price of $42,995 for the entry-level Sprint trim. Gallery: 2024 Alfa Romeo Tonale (US Spec) 12 Photos The Pomigliano factory had a strong 34 percent increase in its output last … [Read more...] about Alfa Romeo Tonale Production Increasing To Meet Strong Demand