UK Water Firms Ordered to Cut £114 Million From Bills After Missing Targets
Industry regulator, Ofwat, said in its assessment that not one company reached their highest measure of performance.
Biden Aims To Wrest Influence From China In Pacific Islands
President Joe Biden is set to host leaders of Pacific island nations with an aim of countering China's ever-growing influence, proffering goodies ranging from an American football experience to shiny new embassies.
US Government At Rising Risk Of Shutdown With Congress In Deadlock
The United States is less than two weeks away from a potential government shutdown, with the stakes increasing as lawmakers struggle to agree on a short-term spending bill.
Ex-Bank Of England Governor Mark Carney Says Former PM Liz Truss Turned Britain Into 'Argentina On The Channel'
Liz Truss has vehemently defended the policies she tried to enact during her short time as prime minister. Mark Carney also criticised "far-right populists" and Brexiteers for having a "basic misunderstanding of what drives economies".
Why Does Elon Musk Want To Put X Behind A Paywall?
Elon Musk has suggested that all users of X, previously called Twitter, may have to pay to access the platform due to the high amount of bots and fake accounts.
West London residents left without water for second day; Thames Water apologies
Thames Water said the problems were caused by a power supply issue at its West London treatment works, and were "sorry for the disruption".
Man United new shirt sponsor deal is 'biggest in football'
Worth a reported £65 million per year, the Red Devils' new deal is richer than the current biggest shirt sponsorship package, which is held by Real Madrid and Fly Emirates.
Divided G20 head to India with eyes on Ukraine and climate
Divided G20 leaders will descend on New Delhi from Friday, with host Prime Minister Narendra Modi seizing a chance to occupy the geopolitical centre stage and hammer home India's growing diplomatic clout.
US interest rates in 'good place,' for now: Fed officials
High US interest rates are doing their job in the fight against inflation, but more hikes may yet be needed, senior US Federal Reserve officials said Thursday.
China's demographic shift and economic challenges pose threat to West
China has strong ambitions to become the world's greatest economy and superpower in the coming decades. While recent numbers show this goal being pushed off, it is not an impossibility.
Global tensions risk clean energy progress: IEA chief
The head of the International Energy Agency urged the United States and China to set aside their differences and align on climate change, warning in an interview Monday that "geopolitical fractures" risked holding back the clean energy transition.
Study finds that the cost of attending university will rise by £5,000 this year
A poll found that 85 per cent of the 500 undergraduates admitted to being concerned about being able to afford their upcoming term at university.
Africa climate summit to urge investment in continent
African policymakers will kick off a landmark climate summit in Kenya on Monday aimed at reframing the continent as a budding renewable energy powerhouse and calling for international financial help to unlock its potential.
UK financial institutions may unknowingly fuel gambling with risky £174 million loan
Proposed regulations dictate that losses amounting to £1,000 per day or £2,000 over nine months would prompt heightened interactions between gambling companies and customers.
China halves stock trade tax to boost market
China halved the stamp duty on securities transactions, state media reported Sunday, in an effort to restore confidence in the world's second-largest stock market as the country battles an economic slowdown.
Over half a million UK SMEs struggle to meet tax obligations amid rising costs
A new study reveals that more than half a million SMEs in the UK are struggling with tax payment challenges, primarily focused on Corporation Tax and VAT.
Africa could be the answer to global supply chain disruptions, says new report
The United Nations Conference on Trade Development has shed light on how investing in African countries could help in tackling global supply chain disruptions.
Messi never wanted PSG, says he is happier at Inter Miami
The Argentine has taken the United States by storm since joining David Beckham's team this summer.
How does apprenticeship in the UK hospitality industry offer a way out in the cost-of-living crisis?
A recent survey by Greene King provides valuable insights on the market value of apprenticeship in the UK hospitality industry in the current cost-of-living crisis.
X chief Yaccarino claims renamed Twitter 'close' to break-even
Linda Yaccarino, CEO of social media platform X, said Thursday that the company formerly known as Twitter is "close" to breaking even and is hiring to beef up a staff slashed by owner Elon Musk.
Coach owner to acquire Michael Kors, Versace parent in $8.5bn deal
Tapestry, the US owner of lifestyle brands including Coach and Kate Spade, said Thursday it will acquire Michael Kors parent company Capri for $8.5 billion, creating a new global fashion giant to compete with European powerhouses.
UK export finance secures £50 million loan for Trifast's global expansion
UK Export Finance secures a £50 million loan for Trifast's global expansion, driving innovation in industrial fastenings and uplifting partnerships, export growth, manufacturing support, innovation and economic development.
Oil prices rise to multi-month highs; mixed day for global stocks
Oil prices rose to a multi-month peak Wednesday in the wake of OPEC supply cuts while global stocks were mixed following disappointing China data.
The mental health of 14 million people is affected by rising mortgage rates
New research from Mind has revealed the detrimental impact that soaring mortgage costs are having on people's mental health, as well as their finances.
UK retail sales face July slump due to rainy weather, analysts optimistic for rebound
July's inclement weather caused a dip in UK retail sales, with indicators pointing to its substantial influence. However, analysts are optimistic about a potential resurgence in the second half of the year.
Small businesses face declining confidence in Q2 2023 during economic challenges
Small businesses faced a setback in the second quarter of 2023 as the FSB's SBI headline confidence indicator dropped sharply from -2.8 points in Q1 to -14.2 points.
Stocks markets extend losses on US credit downgrade
Major stock markets mostly slid further Thursday as traders moved out of riskier assets after Fitch stripped the United States of its top credit rating this week.
Bank of England raises UK interest rates to a record 5.25%
The last time rates were this high was in April 2008, in the midst of the global financial crash, with the UK's central bank expecting inflation to fall below five per cent in the autumn or winter.
Global stock markets slump after US ratings downgrade
Global stock markets slumped Wednesday after Fitch stripped the United States of its top credit rating, citing a growing federal debt burden and an "erosion of governance."
Oil majors still profitabe even if super-profits gone
From BP to ExxonMobil to TotalEnergies, none of the oil and gas majors have repeated the exceptional profits posted in 2022 when prices surged in the wake of Russia's invasion of Ukraine, but they nevertheless remain comfortably profitable this year.