Unexpected Surge in UK Inflation Poses Challenges for Bank of England's Monetary Policy
The United Kingdom experienced an unexpected rise in inflation to 4.0 per cent in December, marking the first increase in the past 10 months.
Major Japan Quake Kills Six, Triggers Tsunami Waves
At least six people died in a major earthquake that struck central Japan on New Year's Day, triggering tsunami waves over a metre high, damaging homes and sparking a major fire that wreaked destruction overnight, authorities said Tuesday.
Church of England dumps all oil and gas investments
Campaigners on Thursday hailed a move by the Church of England to exclude all oil and gas majors from its investment portfolio because of climate concerns.
Bank of England set to increase interest rate for the 13th time in a row
The Bank of England is expected today to raise the interest rate for the 13th time in a row, despite recent forecasts of an improving economic outlook.
UK SMEs are are paving the way for a greener future
British SMEs are making significant investments in sustainability, and this surge in eco-consciousness reflects the growing demand for sustainable options.
Hunt, hemmed in by debt, set to focus on growth in UK budget
British finance minister Jeremy Hunt will announce on Wednesday how he will try to speed up the world's sixth-biggest economy after the shocks of Brexit, a heavy COVID-19 hit and double-digit inflation have left it lagging behind its peers.
Britain's Hunt to keep tight budget with eye on 2024 election
British finance minister Jeremy Hunt looks set to keep his grip on public finances in next week's budget, holding off on any big tax cuts or spending increases until the next election comes closer into view.
Big oil to take centerstage at Houston meet as markets, alliances shift
Top energy executives and officials from around the world will descend on Houston next week just as the political fallout from Russia's invasion of Ukraine a year ago continues to distort global oil supply lines
New York City buying more than 900 EVs for government fleets
New York said on Wednesday it will replace more than 900 city-owned fossil-fuel powered vehicles with electric models and install 315 additional EV charging ports.
Seeking right tone, new UK PM Truss had to quickly change gear for Queen
Just a week after Queen Elizabeth asked Liz Truss to form a government, Britain's new prime minister is attending services of reflection across the country with King Charles, determined to strike the right tone in her first days in power.
France, Germany pledge unity to support economy against inflation
France and Germany pledged on Friday to act together to protect households and companies from soaring energy prices, while also using fiscal policy to fight record high inflation.
NASA Poised For Historic Artemis I Lunar Launch From Florida
A half century after the end of NASA's Apollo era, the U.S.
Rishi Sunak faces image and tax challenges in UK PM run-off
Rishi Sunak will claim credit for steering Britain's economy through the COVID-19 crash but must overcome accusations that he is too rich and too willing to raise taxes to win the race to be the next prime minister.
Conservative leadership election: why tax cuts are an economic gamble
Cutting taxes without a reduction in public spending might actually fuel inflation by stoking demand
UK drivers in go-slow protest over surging fuel prices
The government insists it has already cut fuel duty once, and is offering other financial support for the public, while blaming Russia for igniting the rapid rise in energy prices.
U.S. Oil Refiners To Meet Biden Officials In High-stakes Price Talks
Major U.S. oil refiners will meet with U.S. Energy Secretary Jennifer Granholm and other Biden officials on Thursday in an emergency meeting about how to lower record-high fuel prices that are squeezing American consumers.
Petrol prices are rising, but fuel duty cuts aren't the answer
With fuel poverty rising, few would argue that the current position should be left as it is, but we do not think cutting fuel duty is the answer.
Sri Lanka Power Union Announces Strike, Raising Risk Of Blackouts
A power sector union in Sri Lanka said on Wednesday it will go on an indefinite strike from midnight in protest against new government legislation, potentially leading to power blackouts in a country already grappling with its worst economic crisis in decades.
How Elizabethan law once protected the poor from the high cost of living – and led to unrivalled economic prosperity
How Elizabethan law once protected the poor from the high cost of living – and led to unrivalled economic prosperity
Camilla 'delighted' to replace Meghan Markle in coveted role
The Duchess of Cornwall was "pretty miffed" when she did not become Patron of London's National Theatre in 2019.
UK inflation spikes to decade-high on eve of BoE rate call
Omicron, which emerged late last month, forced Britain to re-impose coronavirus restrictions that were passed by lawmakers late on Tuesday.
Prince Harry's memoir will make Queen's jubilee celebrations 'quite weird' if he decides to attend
Queen Elizabeth II will be celebrating 70 years on the throne in 2022 through a series of events from June 2 to June 5.
Twenty years on, pandemic gives 9/11 conspiracists fresh impetus
Conspiracy theories over 9/11 were the first to benefit from widespread internet access, spreading much faster than previous alternative interpretations of history.
Hummer EV from GM is shaping up to be Tesla's biggest Cybertruck competitor
The original version of the High Mobility Multipurpose Wheeled Vehicle was used by the United States military in 1985.
UK airline Flybe collapses as virus hits flights worldwide
Flybe is the biggest operator of UK domestic flights and carries around eight million passengers annually.
Macron vows to push through pension overhaul despite strike
The pension overhaul, a centrepiece of Macron's sweeping plan to reform the French economy and institutions, would sweep away 42 separate schemes for a single system.
Manchester United striker Zlatan Ibrahimovic reveals return date and fresh World Cup hopes
Manchester United striker Zlatan Ibrahimovic believes he will be available for the Champions League return leg against Sevilla.
Ex-SAS pilot threw £2.5m worth of cocaine from plane for three men waiting below
Belgian Rudi Sels piloted a light aircraft that dropped cocaine in plastic barrels over Kent while accomplices Jonathan Hart, Michael Mealing and Andrew Barrett waited below.
Capitalism that works for everyone? Beware fake news
Policymakers must stop pretending they can fix broken markets with more and more regulation.
UK Budget 2017: No-frills Budget sees Hammond cut stamp duty and boost NHS spending
Chancellor pledges to invest £44bn to revive Britain's housing sector and delivers £3.75bn boost to NHS.