House prices in the United Kingdom declined for the fourth successive month in December, as the increasing cost of living along with high interest rates led to an overall slowdown in the housing market, survey data from the Lloyds Bank subsidiary Halifax showed on Friday.The house price index dropped 1.5 percent month-on-month in December, following a 2.4 percent decrease in the prior month. Mean...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.