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.
Norway Continues To Open Arctic Ocean Seabed For Mining Despite Environmental Warnings
Norway has been slammed for ignoring environmental groups and opening the Arctic Ocean seabed for mineral exploration.
Labour Promises To Save The UK's Business Reputation From 'A New Age Of Insecurity'
As the next general election approaches, MP Rachel Reeves will introduce JP Morgan investors to Labour's plan to regrow the British economy.
UK Inflation In Shock Rise, Dashing Rate Cut Hopes
British annual inflation unexpectedly picked up in December, data showed Wednesday, dashing hopes of an early cut to UK interest rates and prolonging a cost-of-living squeeze before an election.
2024: The Year Africa Embraces its Economic Renaissance
Ahonsi Unuigbe, Chief Executive Officer of Petralon Energy and Chair of the Nigerian Exchange Group
Europe Slow To Join US-led Red Sea Mission Against Huthis
European countries have promised only low key military support to counter Huthi rebel attacks on Red Sea shipping, as they balance geopolitical and domestic concerns with economic fears.
Major UK Supermarkets Slash Prices on Aptamil Baby Formula Amidst CMA Investigation
This move follows similar initiatives by Sainsbury's and Iceland to address concerns about the vulnerability of formula products to price shocks.
European Stock Markets, Oil Prices Retreat
European stock markets fell Monday as data showed Germany's economy shrank last year, while oil prices cooled despite fresh US-UK strikes on Huthi targets in Yemen.
Conservatives On Course For Worst Electoral Defeat Since 1997, New Poll Suggests
Sunak has said he plans to hold an election later in the year, which is widely expected to be in October or November, as a YouGov survey of 14,000 respondents forecasts that The Tories will hold on to just 169 seats, while Labour will claim 385.
The Development Of Artificial Intelligence Is Threatening 40% Of Jobs Worldwide
As world leaders discuss new AI regulation laws, an investigation found that the technology is set to affect almost half of the industries on a global scale.
Climate Change Combat Flood Centre Launched to Predict Flooding in the UK
As flooding in the UK has become a regular problem because of harsh storms caused by climate change, a climate change combat flood centre has been launched to train next-generation experts in flooding.
Bank of England Faces Pressure to Adjust Interest Rates as Inflation Forecasts Take a Surprise Turn
Three prominent forecasters – Oxford Economics, Investec, and Deutsche Bank – have issued updates indicating a potential halving of the inflation rate to two per cent by April, forcing the Bank of England (BoE) to reconsider its timeline for the first interest rate cut.
Britain To Increase Ukraine Support To £2.5bn, Rishi Sunak Announces
Since Russia invaded their neighbours in February 2022, The UK has committed £4.6 billion in military assistance to Ukraine.
Abdulwahab Al Maimani: Blending Business Innovation with Middle Eastern Trends
Abdulwahab Al Maimani, an entrepreneurial trailblazer from Oman, represents the synthesis of innovative business practices
World Added 50% More Renewable Energy But More Needed: IEA
The world added 50 percent more renewable energy capacity in 2023 over the previous year but more is needed in the battle against climate change, the International Energy Agency said Thursday.
E-bike Craze In High Gear At CES Gadget Fest
Electric bicycle makers at CES touted slick features like ChatGPT as they rode a trend of people wanting to enjoy a breeze in their face without sweat on their brow.
UK Energy Security Assured for 70 years With A Nuclear Roadmap for the Biggest Nuclear Power Expansion
The UK government has announced a civil nuclear roadmap that seeks to revive the UK nuclear sector with a plan to build new nuclear reactors, fuels, and technology, adding UK jobs across the country.
Bank of England Contemplates Earlier Interest Rate Cut Amidst Forecasts of Decreasing Inflation
Three prominent forecasters, including Oxford Economics consultancy, Investec, and Deutsche Bank, have revised their outlook for inflation in 2024.
Forget Lithium: Microsoft Unearths Game-Changing Battery Material Using AI
Microsoft and Pacific Northwest National Laboratory (PNNL) have joined forces to reduce the use of lithium in batteries by up to 70 per cent.
Spanish Super Cup: Real Madrid Survive Eight-Goal Thriller Against Atletico In Saudi Arabia
The crowd was treated to a goal fest at the Spanish Super Cup semi-final match between the city rivals.
EU To Give £3.4 Billion State Aid to Battery and Green Tech Factories
These investments are integral to the EU's overarching mission to achieve climate neutrality with net-zero gas emissions by 2050.
UK Launches Europe's First Next-Gen Nuclear Fuel Production Plan To End Russian Fuel Dominance
The UK has launched a unique nuclear fuel production programme called the HALEU programme which powers nuclear reactors previously fueled by Russian fuel, fulfilling its COP28 promise of reducing Russian fuel dominance.
Climate Advisers Criticise Jeremy Hunt's Net Zero Target Claims
The absence of clear and immediate strategies to decarbonise these sectors has raised doubts about the government's commitment to its climate pledges.
Oil Prices Slump But Stock Markets Mostly Higher
Oil prices on Monday slumped following a sharp price cut by Saudi Aramco while Wall Street stocks rocketed higher, rebounding after a sluggish start to 2024.
Spain Generated Record 50% Of Power From Renewables In 2023
Spain generated more than half of its electricity from renewable sources such as wind and solar power in 2023 in a "historic" record, the national power grid said Thursday.
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.
UK Ministers Under Fire for Allegedly Reneging on £2.4 Billion Pledge to Support English Farmers
The £227 million underspent fund has ignited a fierce debate within political circles as the unallocated funds could have been a lifeline for farmers.
Emma Raducanu Has Her Tennis Comeback Halted After Last 16 Exit In Auckland
The year's first Grand Slam, the Australian Open, is set to be the next time we see Britain's Emma Raducanu in competitive action on the court.
'Make Britain Great': Right-wing Upstarts Threaten UK Tories
A fringe right-wing political party founded by the eurosceptic populist Nigel Farage is once again posing a headache for Britain's ruling Conservatives before this year's general election.
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.