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.
ECB set to hike again with inflation stubbornly high
Another interest rate hike appears a near certainty when ECB policymakers meet Thursday as inflation remains high, but the central bank faces increasing discontent among countries scared high interest rates will hurt growth.
Asian markets mostly gain ahead of key rate decisions
Equities mostly rose Monday in Asia with investors gearing up for policy decisions at major central banks this week, while concern over the Chinese economy continued to dampen sentiment.
Will innovative finance tackle the sustainable development goals and save the planet?
The world is halfway to the 2030 deadline of the UN Sustainable Development Goals. As challenges abound, a crucial issue needs attention: how to foot the bill.
Government announces plan to crackdown on 'rip-off' degrees
Concerned that some degrees offered by British universities are failing to deliver good graduate outcomes, the government have announced plans to limit student numbers on poorly performing courses.
Elon Musk says Twitter revenue has dropped 50%, cash flow is still negative
Several top advertisers stopped spending on Twitter after Elon Musk acquired the company due to concerns about changes he could make.
London's new 'super sewer' to end Thames pollution blight
The door of the steel box lift clanks shut and a crane slowly lowers construction workers building London's "super sewer" 40 metres (130 feet) to the bottom of an enormous vertical shaft.
Joe Biden announces $39 billion student loan debt forgiveness
Education Department aims to forgive student loans for 800,000 borrowers due to administrative errors, with changes made to income-driven repayment plans.
UK economy falters as outlook darkens
The UK economy shrank in May on an extra public holiday for the coronation of King Charles III, official data showed Thursday, and as high inflation prolongs a cost-of-living crisis.
Bank of England warns of rising mortgage payments and potential struggles for UK households
The Bank of England warns that nearly one million UK households will face higher mortgage payments due to rising interest rates, potentially impacting financial stability.
UK lenders can withstand major shock: Bank of England
Britain's top lenders have passed stress tests to show they can withstand major economic shock, even as rising interest rates pressure the financial system, the Bank of England said Wednesday.
Study reveals funding shortage forces UK SMEs to halt operations
A study by Manx Financial Group reveals that a significant number of UK SMEs have been forced to reduce or halt their operations due to a lack of funds.
UK water crisis pollutes privatisation legacy
Britain's biggest water supplier staving off renationalisation, trains derailed by strikes and consumers suffering huge energy bills -- the nation's vital sectors are mired in chaos decades after their controversial privatisation.
Sri Lankan govt asks protesters to return artefacts looted from presidential palace
Several artefacts were looted from the palace during the five-day siege, and now the government wants these items back.
Global goals on fighting poverty, inequality 'in peril': UN
The goals the world set to ease extreme poverty, improve access to drinking water and take steps toward sustainable development for all humanity are "in peril," the United Nations has said in a report published Monday.
UK SMEs battle challenges amidst late payment woes
Despite facing rising borrowing costs and the persistent issue of late payments, the SME community in the UK continues to display remarkable resilience.
Should we accept Digital Money or Digital Law?
As society touches the brink of collapse this time, will it revert to gold, or will it attempt a digital future using sound money on a blockchain?
FC Barcelona still owes Messi payments until 2025, admits Laporta
The club's financial troubles resulted in massive debts even to their players.
What is Britain's approach to the global multilateral system?
The British Foreign Secretary James Cleverly has outlined five 'transnational priorities' for reforming the global multilateral system.
US Supreme Court declares that race must not determine University admission
The US Supreme Court has ruled that race should not determine university admissions, promoting a merit-based approach and equal opportunities in higher education.
UK partners with Africa and the Caribbean to combat the climate crisis
The UK is supporting Africa and the Caribbean through the climate crisis. Catastrophic climate events that occur in Africa and the Caribbean include droughts, hurricanes, floods, cyclones, landslides and earthquakes.
Climate finance summit wraps up eyeing bigger progress
A global summit seeking to overhaul the international financial system wraps up Friday after taking small steps towards easing the debt burden of developing nations weighed down by climate and economic crises.
UK online retailers contend with technical debt as consumer expectations shift
As retailers face the challenge of aligning consumer desires with their business capabilities, a mounting concern known as "technical debt" has emerged.
Social housing staff latest in a series of public employees to announce strike action over pay and conditions
Workers at the Housing Ombudsman and the Regulator of Social Housing have announced a week of strike action in June.
The UK and Kenya join forces to tackle climate change
Following the COP27 climate summit, a ceremony that commemorated the start of construction for the Menengai Geothermal Power Plant occurred with officials in Kenya.
Reaching the key sustainable energy goals by 2030 is unrealistic, says the UN
The UN reported that reaching Sustainable Development Goal 7 by 2030 is unrealistic. Achieving the goals would benefit the world, in terms of health, well-being, and protection from environmental and social risks.
Oil slips after Saudi-driven rally while equities edge higher
Oil prices slid Tuesday as dealers mulled the weak demand outlook after having rallied the previous day on output cuts from key crude producer Saudi Arabia.
Mixed day for global stocks as Saudi announcement lifts oil prices
Oil prices advanced Monday after key producer Saudi Arabia slashed output by a million barrels in a bid to prop up prices, while Wall Street stocks retreated from multi-month peaks.
Prime Minister Rishi Sunak provides update on illegal migration delivery
Prime Minister Rishi Sunak provides an update on the government's progress in tackling illegal migration, highlighting a 20 per cent decrease in small boat crossings and comprehensive measures taken to address the issue.
British ministers attend IISS Shangri-La Dialogue to promote security in the Indo-Pacific
Britain's Defense Secretary Ben Wallace and Foreign Office Minister of State Anne-Marie Trevelyan have attended Asia's "foremost defence summit".