UK 'Net Zero' Economy Bucks Recession: Study
Britain's green economy grew in 2023 to buck a broader recession, according to a report released Tuesday that urged politicians heading into a general election to stick with climate-friendly investments.
US, UK Launch New Wave Of Strikes Against Yemen's Huthis
American and British forces carried out a fresh wave of strikes Saturday against 18 Huthi targets in Yemen, following weeks of unrelenting attacks on Red Sea shipping by the Iran-backed rebels.
Migrant Women Are Still Victim To Sexual Violence Throughout Migration Process
While 67 per cent of all migrant women are employed in the labour force, unofficial employment and the lack of gender-responsive migration policies threatens gender equalities in employment.
Shein And Temu Are Dominating The Global Air Cargo Industry Despite Climate Crisis
China's e-commerce giants Shein and Temu account for almost 10,000 tonnes of garments being shipped overseas, despite fast-fashion and factory worker controversies.
Global Stocks Mixed On Fed Rate Cut Caution Ahead Of Nvidia Results
Wall Street stocks were mixed Wednesday, reversing some earlier declines, as traders nervously awaited earnings from US tech darling Nvidia and digested Federal Reserve minutes that signaled slower interest rate cuts ahead.
The Private Sector Must Continue to Take Charge of Eastern Europe's Economic Development
Eastern Europe's economic development hinges on the continued leadership of the private sector, driving progress and prosperity in the region.
Global Stocks Mostly Lower Despite China Rate Cut
Wall Street and European stocks mostly fell on Tuesday as gains made in Asia after China's central bank sprang a record cut to a benchmark lending rate to boost the nation's struggling economy failed to carry over.
What Does UK Entering Recession After Steeper-Than-Expected Fall In GDP Mean For Brits
While recessions of the past, notably during the global financial crisis of 2008-2009, were protracted and severe, indications suggest that this downturn may be milder and short-lived.
China New Year Holiday Spending Surges Past Pre-pandemic Levels
China's new year holiday spending last week surged past pre-pandemic levels, official figures showed, a rare bright spot for an economy struggling with sluggish consumption and deflation.
Labour's Scaled-Back Home Insulation Plans Face Criticism as Insufficient
Brian Berry expressed disappointment, stating that the decision to scale back the ambition of retrofitting 19 million homes to just five million is regrettable.
UK Takes The Lead In Space Sustainability With New Satellite Refuelling Funding
The UK space sector could become a driving force in space sustainability as the UK government announced funding and gave contracts to three space companies to develop in-orbit satellite refuelling technology.
UK To Boost Trade in Africa With UK-Nigeria Economic Partnership
The UK signed its first economic partnership with an African country this week as it seeks to enhance trade relations with Nigeria, especially in the exports and imports of financial and legal services.
Sticky UK Inflation Stokes Bank Of England Rate-cut Debate
British annual inflation steadied last month, official data showed Wednesday, but prices still rose at double the Bank of England's target rate, adding to uncertainty over the timing of an interest-rate cut.
Global Stocks Drop On Sticky US Inflation
Stocks in the United States and Europe slumped on Tuesday while the dollar climbed as data showed that US inflation slowed less than expected in January, diminishing chances of an early interest rate cut.
UK and Ukraine Extend Tariff-Free Trade Agreement to Aid Ukrainian Businesses
The agreement, which covers the majority of goods, is extended for an additional five years, providing much-needed economic support to Ukrainian businesses impacted by the war.
China's Economy Hit By Worst Consumer Prices For The First Time In 14 Years
According to official data published by the National Bureau of Statistics, China's consumer price index fell by 0.8 per cent in January 2024, compared to that of January 2023.
Gas Booming For UN COP29 Host Azerbaijan
Following the UN's COP28 climate talks in oil-fuelled Dubai, the COP29 conference is headed for the historic cradle of oil, Azerbaijan, which is in the midst of a gas boom.
IMF, World Bank Warn Gaza War, Red Sea Attacks Imperil Global Economy
The IMF and World Bank warned on Monday that the Gaza war and the related attacks on shipping through the Red Sea pose threats to the global economy.
UK Announces New £12 million AI Hub For Chemistry Research
£100 million has also been awarded to biotech projects to help pioneer new technologies to prepare for pandemics, innovate farming and protect against floods.
Nearly Three-Quarters Of Employers 'Don't Know' How To Implement AI, New Study Shows
According to Gallagher's newly released State of the Sector report, 71 per cent of HR and Communication leaders said their organisation had provided zero guidance on when, where or how to use the technology.
Stock Markets Mixed As Investors Digest Corporate Results
While US stocks closed up, the picture in Europe was less positive: London, Paris and Frankfurt all ended lower as investors locked in profits from recent gains.
New AI Regulation White Paper Talks of Preparing the UK Economy for Future AI Risks
A new AI regulation white paper has called for strict changes AI regulatory framework including supporting UK regulators with £100 million in funding to develop technical systems to monitor AI systems.
EU Strikes Deal On Clean Tech To Compete With China, US
EU states and lawmakers clinched a deal on Tuesday to expand Europe's clean tech production, from solar and wind to carbon capture, as the bloc faces off with China and the United States.
Global Stocks Rise On Strong Earnings, New Support From China
US and European indexes edged cautiously higher Tuesday as investors digested strong corporate results, while stocks in Hong Kong and Shanghai soared after Chinese authorities announced moves to reverse a long-running rout.
Global Stocks Sink As Optimism Dims Over Early Rate Cuts
Global stock markets mostly fell Monday after comments by Federal Reserve boss Jerome Powell doused flickering hopes that US interest rate cuts could still begin in March.
Farmers Across the EU Unite in Protest: Costs Are Up While Prices Stay Down
The costs borne by farmers, notably for energy, fertiliser, and transport, have escalated in numerous EU countries, particularly since Russia's invasion of Ukraine in February 2022.
IMF Says Central Banks Should Not Rush Into Rate Cuts
The IMF sees a greater risk to the global economy if central banks start cutting interest rates too soon than if they move "slightly" too late, Managing Director Kristalina Georgieva said Thursday.
Bank Of England Freezes Rate As Inflation Stays High
The Bank of England froze its key interest rate Thursday for a fourth meeting in a row, matching US Federal Reserve policy, as high inflation prevents cuts to borrowing costs.
Urban Exodus vs. Urban Oasis: the Post Pandemic's Mixed Picture of City Life
The pandemic has sparked a global change in urban living, from sprawling suburbs to gated green havens. While Westerners escape the city centre, some Asians refuse to sacrifice the convenience of urban life. They have the foundation for this choice, as mega-complexes of thousands of hectares, like Vietnam's Ocean City, are taking root in the heart of bustling cities, aspiring to fulfill every resident's need.
Global Stocks Mixed As Traders Track Eurozone Data, Await Fed
Global stocks were mixed Tuesday as Wall Street wavered ahead of fresh interest-rate signals from the US Federal Reserve, and new data showed that the eurozone dodged recession at the end of last year.