UK interest rates: Bank of England hikes by a quarter percentage point

London CNN  —  The Bank of England hiked interest rates by a quarter of a percentage point Thursday, extending its long-running fight against inflation, which rose unexpectedly in February. The central bank’s 11th consecutive rate hike takes its benchmark rate to 4.25%, the highest since October 2008. Like other major central banks, it has pushed … Read more

Price hikes are double whammy for pet owners who are crushed by inflation

Minneapolis CNN  —  As head of PAWS Atlanta, Joe Labriola can get a good sense of the region’s economic well-being from the day-to-day activity of the city’s oldest no-kill animal shelter. Through the course of the past year, it’s become increasingly clear to him that people in the area are struggling under the weight of … Read more