BERLIN: German rail operator Deutsche Bahn will put a record sum into renovating and expanding its network in 2022, the company said yesterday, as Europe’s largest economy seeks to decarbonize transport. 

LONDON: The Bank of England yesterday lifted its main interest rate for the second time in a row in a bid to tackle decades-high inflation. The BoE also said Britain’s annual inflation rate would peak at 7.25 percent in April, compared with 5.4 percent last December which was already near a 30-year high. 

BRUSSELS: The European Central Bank stuck to its ultra-loose monetary policy yesterday, despite record inflation in the eurozone putting the Frankfurt-based institution under mounting pressure. 

ISTANBUL: Turkey’s inflation hit a two-decade high near a whopping 50 percent in January, official data showed yesterday, as a currency crisis decimated people’s purchasing power and complicated President Recep Tayyip Erdogan’s path to re-election. 

KYIV, Ukraine: In his open-plan office in the center of Kyiv, tech executive Dmytro Voloshyn lists off the tricky questions he’s dealt with over the last weeks as fears have soared over a possible Russian invasion. 

HAVANA: In the early days of communism in Cuba, Fidel Castro had pledged that every child under seven would have a liter of subsidized milk every day. For some time, they did-but today, many go without. 

BRUSSELS: The European Commission defied protests from green campaigners and dissent in its own ranks yesterday to give a sustainable finance label to investments in both gas and nuclear power. 

BRUSSELS: Inflation in the eurozone soared to a new record high in January, official data showed yesterday, adding pressure on the European Central Bank ahead of a monetary policy meeting this week. The figure hit 5.1 percent last month, a first since the official Eurostat agency started to compile the data in 1997. 

KUWAIT: As tech-based business models are becoming increasingly vital within the banking and finance sector to support and enhance services offered to customers and contributing to overall economic growth, the Central Bank of Kuwait (CBK) said yesterday as it issued guidelines specifying requirements for establishing digital banks.