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Apr 19, 2023

Prices remain stubbornly high in the UK

From the BBC World Service: The rate of price rises slowed in the eurozone last month to about 7%, but inflation in the U.K. is still more than 10%. That’s despite continued expectations it will fall. We examine the U.K’s “sticky” price problem. Meanwhile, the European Union is boosting its semiconductor industry. And, why South Korea is cracking down on nepotism in the workplace.

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A sign displays the price in pound sterling for clothes at a market at a market in stall east London on March 31, 2023. - The UK economy performed slightly better than thought in the final quarter of last year, revised data showed Friday, but analysts warned of recession risks as inflation remains sky high.
A sign displays the price in pound sterling for clothes at a market at a market in stall east London on March 31, 2023. - The UK economy performed slightly better than thought in the final quarter of last year, revised data showed Friday, but analysts warned of recession risks as inflation remains sky high.
Susannah Ireland/AFP via Getty Images

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