Shipping giant Maersk warns of looming global recession; Royal Mail staff plan Black Friday strike – business live

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AP Møller-Maersk says Ukraine war, Europe’s energy crisis and high inflation are hitting demand, as UK consumers face record food inflationUK food prices soar by fastest rate on record as cost of living crisis bitesRichard Walker, managing director of Iceland Foods, has warned that rising food prices will get worse.Walker tells the Today Programme that the prices of staples such as milk, bread and eggs have all jumped – which is worst for households who are struggling the most.I’ve got cost prices currently on the table from big branded suppliers that we haven’t stomached yet as a bus ...

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