➡️ UK approves first pill designed to treat Covid ➡️ Carbon emissions show rapid rebound after Covid dip ➡️ Sainsbury's says supply issues won't hit Christmas Here's our evening coronavirus update
The Bank of England has signalled it will raise interest rates in the "coming months" in response to high inflation, but held off on an immediate increase. Rates were cut to their current record low rate of 0.1% in March last year in response to the effects of the coronavirus pandemic. But the reopening of the economy has fuelled price rises, prompting expectations that the Bank would increase borrowing costs.3.
Sainsbury's says it is in a "good position" ahead of Christmas amid worker and supply chain challenges. The supermarket's chief executive, Simon Roberts, said many customers were returning to pre-pandemic shopping habits. But he admitted the supermarket industry still faced . Sainsbury's and Argos stores will be closed on Boxing Day in recognition of staff's "extraordinary efforts" through the pandemic.Global carbon dioxide emissions are set to rebound to near the levels they were at before Covid, scientists have found. The amount of planet-heating gas released in 2020 fell by 5.4% as the pandemic forced countries to lock down. But a scientific report by the Global Carbon Project predicts CO2 emissions will rise by 4.9% this year.
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