Page 67 - Eco News Today

Britain's housing market showed some improvement in May but further interest rates increases by the Bank of England are expected to put more pressure on demand and on prices in the coming months, an industry survey showed on Thursday.

British Prime Minister Rishi Sunak said on Wednesday he would take personal responsibility if he fails to deliver on his pledges to halve inflation and grow the economy by the end of the year.

Chinese universities are drastically increasing tuition fees this year, with some making their first rises in two decades, hurt by a reduced national budget for tertiary education and tight local government finances.

Growth in the Irish services sector slowed slightly in May but new export business grew at its fastest rate since last summer and business expectations improved, a survey showed on Tuesday.

A look at the day ahead in European and global markets from Ankur Banerjee:

Japan's real wages fell for the 13th straight month in April, government data showed on Tuesday, indicating wage recovery remained slow amid persistent gains in consumer inflation.

British retail sales growth slowed to a seven-month low in May as soaring food prices prompted shoppers to rein in spending on non-essential items and dashed hopes of a boost from three public holidays, the British Retail Consortium said on Tuesday.

South Africa narrowly avoided a recession as the economy grew marginally in the first quarter, data showed on Tuesday, with manufacturing and finance holding up relatively well despite crippling power cuts.

Egypt faces an increasingly tough task raising cash for foreign debt repayments after external borrowing quadrupled over the past eight years to help fund a new capital, build infrastructure, buy weapons and support an overvalued currency.

A look at the day ahead in U.S. and global markets from Mike Dolan