UK interest rates: Prices to be higher for longer, Bank of England warns Interest rates rise to 4.5% - their highest level for almost 15 years in an attempt to slow soaring prices. Source
TransPennine Express loses contract over poor service The government will now run the service after months of delays and cancellations. Source
India’s Russia oil imports jumped tenfold in 2022, bank says The country saved $5bn as it ramped up oil purchases from Moscow following Western sanctions on Russia. Source