German Car Sales Up In 2023 But Electric Models Lose Ground
Sales of new cars in Germany increased in 2023, official data showed Thursday, but an end to government subsidy programmes saw electric vehicles lose ground on fossil-fuel models.
Strikes Shut Doors At World-famous French Monuments
Tourists travelling to visit historic French landmarks the Eiffel Tower and Normandy's Mont Saint Michel have found their doors closed for part of the past two weeks, as striking workers complain of underinvestment and too many visitors.
UK Party Leaders Kick Off General Election Year
UK Prime Minister Rishi Sunak said on Thursday he had pencilled in later this year for a general election, as he and his main political rival to be Britain's next leader effectively kicked off campaigning.
Asian Markets Extend New Year Retreat After Fed Minutes
Asian markets continued their disappointing start to the year Thursday, tracking another loss on Wall Street after minutes from the Federal Reserve's December meeting dampened hopes for an early interest rate cut.
Oil Prices Jump, Stocks Slump After Iran Blasts
Global markets were rattled Wednesday as blasts in Iran that killed at least 103 fanned fears of the war between Israel and Hamas spreading further.
Doctors In England Defend Starting Longest Strike In NHS History
Junior doctors in England on Wednesday defended a decision to start their longest consecutive strike in the seven-decade history of Britain's National Health Service (NHS).
UK Grocery Inflation Stays At 4.3% Despite Decline in Food Prices
The introduction of new border checks on EU goods in April entering the UK could lead to further spikes in UK grocery inflation.
Energy Bills In The UK Is Set To Increase By Five Per Cent After Rise In Energy Price Cap
The average annual household energy bill has risen by £94 to £1,928 during the coldest months of 2024.
Record Number Of Homeless Children In UK Reaches All Time High At Over 140,000
Research shows that a record number of children have been forced into temporary accommodation this winter, including shipping containers and shared rooms.
UK Mergers and Acquisitions Witness 33% Decline, Lowest Levels Since 2009
The notable 33 per cent decrease in the overall value of mergers and acquisitions deals involving UK firms amounts to £207 billion throughout 2023.
New Year Gets Off To A Weak Start As Traders Eye Rate Cuts
Asian markets slipped Tuesday as most traders returned from the New Year break looking forward to a 2024 that is expected to see a series of Federal Reserve interest rate cuts, but to also be full of economic and political uncertainty.
Asian Stocks Open Year's Last Trading Day Cautiously
Asian stocks opened cautiously on Friday, largely continuing an end-of-year rally that has been boosted by investors' expectations of a US Federal Reserve rate cut as early as March.
Stock Markets Mixed As Trading Year Nears End
Global stocks were mixed Thursday on the penultimate trading day of 2023, while oil prices fell on easing worries about shipping disruptions in the Red Sea.
Soaring Hospital Parking Fees in England Spark Outcry Amidst NHS Funding Concerns
The Liberal Democrats have decried this exponential rise in parking costs as a "tax on caring" and have criticised the government for falling short of its 2019 manifesto promise.
Global Stocks Rise After Holiday Break As Oil Prices Retreat
Global stocks mostly rose Wednesday as several more major markets returned from the Christmas holiday break as investors remained broadly optimistic in light of easing pressure from central banks.
The 2024 Forecast for Retail Industry: 'It is going to get worse'
Projections released by Think Tank suggest that consumers are likely to maintain a cautious approach to spending in the initial months of 2024.
Energy Bills in the UK is set to Decrease by a Significant Amount in 2024
The energy price cap in Great Britain is set to decrease by 14 per cent, anticipated to bring down annual bills by an average of £268.
US Holiday Sales Growth Estimated At 3.1%: Mastercard
Preliminary shopping data indicated that US holiday sales increased 3.1 percent compared with the year-ago period, a solid but unspectacular increase reflecting mixed sentiment on the economy.
Homelessness Soars In Rural England As Living Costs Hit Poor
Homelessness in rural England has risen by 40 percent in five years with many sleeping in the open air, tents or makeshift shelters, a British rural charity said on Tuesday.
US Stocks Resume Upward Climb As Oil Dips On Angola OPEC Exit
Wall Street stocks resumed their upward climb on Thursday following a brief pullback while oil prices declined after Angola quit the OPEC oil cartel.
UK Inflation Hits Lowest Level In More Than Two Years
British inflation has slowed sharply to the lowest level in more than two years on falling petrol prices, official data showed Wednesday, easing a cost-of-living crisis after aggressive interest-rate hikes.
UK Consumer Inflation Rate Unexpectedly Decreases In November
Jeremy Hunt says that wages will go up as prices go down next year after it was announced that the rate of inflation has decreased to 3.9 per cent.
Energy Bills Predicted To Fall To £1,660 From April, A New Forecast Suggests
Consultancy firm Cornwall Insight says bills could drop by £268 a 16 per cent decrease – in line with the official price cap set by the UK's energy regulator Ofgem.
Asian Markets Track Another Wall St Record On Rate Hopes
Asian stocks rallied Wednesday, following another record performance on Wall Street as traders continue to bet on the US Federal Reserve slashing interest rates several times next year.
Working Class Households Will Finally Receive Funding To Fight Soaring Energy Bills
As inflation continues to dominate low-income households across the UK, the government have offered to fund their transition towards green energy.
Colossal Costs and Insatiable Influencers: How One Cake Maker Is Weathering the Storm With Swagger
Cake maker Reshmi Bennett spills the beans on her viral creations, her boisterous social media presence, and thriving in a tumultuous business environment.
US Stocks Build On Year-end Rally After Steel Merger, Rate Cut Talks
Stocks on Wall Street finished the day mostly higher Monday as traders reacted to news of a large steel acquisition and both caution and optimism from a number of senior US Federal Reserve officials about interest rates.
Putin Left Furious After UK Implement Further Sanctions On Russian Goods
As Russian President Vladimir Putin continues to deny an economic crisis, the UK and its NATO allies have implemented further sanctions on Russian businesses.
Bank Of England Holds Interest Rate, Warns On Inflation
The Bank of England on Thursday held its key interest rate and warned it will remain high to tackle inflation, indicating in contrast with the Federal Reserve that cuts were unlikely any time soon.
Etsy Announces Workforce Reduction of 225 Employees, CEO Cites 'Unfortunate' Timing
Etsy, alongside Mattel and Hasbro, are experiencing decreased sales even during the Christmas season due to inflation.