UK Government Announces Plans for Further NatWest Stake Sale, Invites Public to Invest
Chancellor Jeremy Hunt disclosed the UK government's intention to explore options for divesting its remaining 38.6 per cent stake in NatWest Group.
Global Stocks Retreat As Rally Shows Sign Of Fatigue
Global stock markets gave up some recent gains Tuesday following mixed results from retailers as Wall Street digested Federal Reserve minutes that suggested interest rates could stay high for a while.
US Transition To Electric Vehicles Faces Delays
The US transition to electric cars has hit a speed bump, with concerns about vehicle range and limited charging capacity adding to core affordability issues.
How This Cruise Line is Redefining Sustainable No-Fly Cruises
As one of the world's largest cruise providers, MSC Cruises is setting new standards in eco-friendly travel
Inflation, Higher Rates Hit Eurozone Growth Outlook
The European Commission on Wednesday lowered its eurozone growth forecast for 2023 and 2024, saying the high cost of living and interest rates were weighing on consumers and businesses.
UK Inflation Falls Sharply, Relieving Pressure On PM Sunak
UK inflation hit the lowest level in two years last month after consumer prices fell sharper than expected on easing energy bills, official data showed Wednesday, relieving a cost-of-living crisis and pressure on embattled Prime Minister Rishi Sunak.
UK Inflation Plunges to Lowest Figure in 2023 At 4.6% as Sunak on Track to Meet Annual Target
In September, inflation stood at 6.7 per cent, as many people across the UK continue to struggle with the cost-of-living crisis.
UK Ministers Urged to Expand Financial Support for Cost of Living Crisis
With the cost of household gas and electricity remaining notably elevated, the cost of living crisis continues to plague Britons.
EU States Strike Deal On Electricity Market Reform
EU member states reached an agreement to reform its electricity market after months of sparring between France and Germany over state support for nuclear energy, the European Council said Tuesday.
Stock Markets Mixed Ahead Of US Inflation Report
US stocks ended the day higher and bourses in Europe were mixed Wednesday, while European gas prices hit six-month highs on supply constraints.
Economic Challenges Mount as UK Retail Sales Slow Amid Rising Inflation and Global Uncertainties
The latest sales-monitor report from the British Retail Consortium has revealed a slowdown in retail sales growth in the UK for September. Despite a fall in inflation, the high cost of living continues to place pressure on households' budgets.
Oil Industry 'Central' To Climate Solutions: COP28 Head
The president of the upcoming COP28 climate talks told an Abu Dhabi oil conference on Monday that the fossil fuel industry would play an essential role in addressing the climate crisis.
Over 4,000 UK Homes To Get Better Heating Through £13.9 Million Heat Networks Upgradation Plan
A reported 55 heat networks across the country are being upgraded so that thousands of old and inefficient heating systems in UK homes get lower energy bills ahead of the winter.
Rishi Sunak Receives Backlash Over Delays In Net Zero Plans
Rishi Sunak has revealed plans for a policy change that could potentially delay significant government pledges towards achieving net-zero emissions, a move that has sparked strong criticism from both Labour and Conservative members of parliament, as well as environmental organisations.
ECB hikes rates again, maybe for last time
The European Central Bank hiked a key interest rate to a record high Thursday as it battles stubbornly high inflation but indicated that its historic hiking cycle may be at an end.
BP chief Bernard Looney resigns over transparency issues
British energy giant BP said Tuesday that its chief executive Bernard Looney has resigned "with immediate effect", after admitting he had not been "fully transparent" about historical relationships with colleagues.
Stock markets rise as US inflation data, ECB rate loom
Global markets rose on Monday at the start of a busy week that includes the release of key US inflation data and a European Central Bank decision on interest rates.
Oil permits and wind crisis threaten UK net zero pledge
With the provision of a swathe of new oil and gas exploration licences and a crisis in offshore wind energy, clouds are gathering over the UK's net zero promises.
Global stocks extend gains as US data reassures
Stock markets extended a global rally Tuesday as the first of a series of data due out this week gave no reason for the US Federal Reserve to hike interest rates further.
Supermarket prices expected to fall amidst the cost of living crisis
Despite the cost of living crisis and rising inflation, Sainsbury's chief executive believes that supermarket prices are about to start falling.
UK annual inflation drops to 15-month low
Britain's annual inflation rate dropped sharply in July to a 15-month low, official data revealed Wednesday, off the back of lower energy prices and in line with economists' expectations.
FSB urges 'blend and extend' contracts for SMEs amid energy assistance cutbacks
As the government withdraws energy bill support for companies and one million small UK businesses contend with high-cost energy tariffs, FSB advocates for "blend and extend" contracts.
Global stocks rise as US inflation inches up
Stock markets rose Thursday as highly anticipated official data showed that US consumer inflation inched up in July but held at a moderate level.
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.
Many heat network customers are in line to receive fairer prices for their energy bills
Plans are being put in motion by the government to provide better consumer protection for heat network customers and reduce their energy bills.
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.
UK to issue 'hundreds' of new oil, gas licences in North Sea
The UK government said Monday it would issue "hundreds" of new oil and gas licences in the North Sea to secure energy reserves while still aiming for net zero carbon emissions by 2050.
Oil, gas majors post sliding profits on weaker prices
Shell joined other energy majors Thursday in posting sliding profits after oil and gas prices weakened from peaks reached in the wake of Russia's invasion of Ukraine.
European stocks rally, Wall Street slumps on interest rate concerns
Stock markets had a mixed showing Thursday as European indices rallied while Wall Street slipped on concerns over interest rates.
The UK is fighting against Russia's forced deportation of Ukrainian children
Ukrainian children have been unlawfully bought to Russia, and forced into pro-Russia re-education camps. The UK has implemented 14 sanctions in response to Russia's attempts to destroy Ukrainian national identity.