UK house prices rose for fifth straight month and the average home price hit a fresh record high in November, reflecting the resilience of the housing market, survey results from the Lloyds Bank subsidiary Halifax and IHS Markit showed Tuesday. The house price index rose 8.2 percent year-on-year, same as in October, which was the highest rate since June. Compared to the previous month, house price...
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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.