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September 18, 2026

UK Retail Sales Defy Expectations with 0.5% Rise in August

London: UK retail sales volumes unexpectedly increased by 0.5% month-on-month in August, official data showed Friday. The reading defied market expectations for a 0.2% decline and followed a 0.5% contraction in July, according to the Office for Nation…

Japan Raises Interest Rate to 31-Year High Over Inflation Risks

Tokyo: The Bank of Japan raised its benchmark interest rate by 25 basis points to 1.25% on Friday, its highest level since 1995, citing the risk of inflation exceeding its target.

According to Anadolu Agency, the hike, widely expected by economists,…