The British government has announced a one-month deadline for energy-intensive businesses to apply for the Energy Bills Discount Scheme (EBDS).

On his many visits to semiconductor factories and electric car plants, Germany's Chancellor Olaf Scholz bangs the drum for an economy at the forefront of an industrial transformation.

Apart from global factors, UK policy decisions have exacerbated inflation – whether post-pandemic public spending or the slow pace of interest rate hikes.

Climate and economic experts are pointing out that the systemic global and local problems behind sticky food inflation need more than just monetary approaches.

Airlines will return to profit and fly a near-record 4.35 billion passengers this year, but the sector's post-pandemic recovery remains fragile, an industry group said on Monday.

As fixed market agreements and government subsidies for non-household energy bills expire, energy costs could potentially increase by 133 per cent.

Despite the World Health Organisation declaring the pandemic over, its effects are still felt today, with a death toll totalling over 226,000 in Britain alone.

UK food price inflation stood at 19 percent in April, around the highest level in more than 45 years.

This subsidy is able to bring an average household's bills down to roughly £2,500 a year in Great Britain.

British PM Rishi Sunak has been urged to increase the cost of both food and immigration, believing that this will solve the current food crisis.

European markets fell in the red after starting the day in the green.

Consumer price inflation is expected to drop back to 2.8 percent in 2024, still above the European Central Bank's two percent target.

Global policymakers are battling elevated inflation caused largely by runaway energy bills following last year's invasion of Ukraine by major oil and gas producer Russia.

UK interest rates have been raised for the 12th time in a row in a further attempt by the Bank of England to slow the rising cost of living, increasing the Bank's base rate from 4.25 to 4.5 per cent.

A busy mum saved money and earned cash back rewards on her grocery shopping by using a debit card, ultimately getting two months of free groceries after over a year.

The 2015 pact aims to limit global warming to below 2C and if possible 1.5C above pre-industrial levels.

To mitigate the impact of the rising energy costs, some UK firms have halted their recruitment of new staff, and others are downsizing their workforce.

Just when it looked like we reached a turning point in the fight against inflation, figures from last-month show its impacts are still biting retailers. Inflation has taken food prices 8.9% higher than this time last year.

Over a third of the organisations across the UK's critical national infrastructure (CNI) anticipate a rise in cybercrime as a direct result of the current economic crisis.

Britain was the only country in western Europe with double-digit inflation in March after it fell less than expected, official data showed on Wednesday, bolstering bets that the Bank of England will raise interest rates again in May.

The new code requires firms to conduct multiple checks and a welfare visit and exhaust all other options before imposing PPMs.

The UK and South Korea have made a joint statement outlining plans for cooperation on the transition to a clean energy future based on renewable and nuclear technology.

Oil prices nudged higher in early Asian trade on Monday, supported by the prospect of tighter supplies from OPEC+ producers from May, but concerns about the global economic outlook capped gains.

The hospitality sector says energy price hike of £7.3 billion is unsustainable in the wake of reduced government support, as it also faces reduced consumer spending

Oil prices climbed in early trade on Monday as concerns over turmoil in the banking sector eased, while comments by Russian President Vladimir Putin over the weekend ratcheted up geopolitical tensions in Europe.

As worker shortages plague the UK economy amidst a cost of living crisis, new research shows good communication is key to talent retention.

The strike call by the offshore oil and gas workers is set to hit several rigs from March 29 and until June 7 in a series of 24, 48 and 72-hour stoppages.

As many as 43,000 people may have died in Somalia last year due to the ongoing drought in the country.

Global LNG industry to face challenges in the medium-to-long term says IEEFA, predicting that there will be "sustained high global LNG prices and declines in gas consumption in Europe".

Although it is in the headlines for political turmoil, Pakistan is facing its worst-ever financial crisis. Even officials have uttered the taboo word: Default?