The UK is “not out of the woods” despite avoiding a recession by a tiny margin last year, Chancellor of the Exchequer Jeremy Hunt has warned. The country’s GDP was flat in the last three months of 2022, according to new data released by the Office for National Statistics (ONS) on Feb. 10. The ONS…
UK Economy ‘Not out of the Woods’ Despite Avoiding Recession: Chancellor
Russia Says It Will Cut Oil Production Over Western Caps
February 10, 2023
admin
Business & Marketscuteconomic policieseconomyenergyEuropeGold and CommoditiesMarketsOilpricesRussiaRussia-Ukraine WarWorld
0 Comment
MOSCOW—Russia announced Friday that will cut oil production by 500,000 barrels per day next month after Western countries capped the price of its crude over its action in Ukraine. “As of today, we fully sell all our crude output, but as we stated before, we will not sell oil to those who directly or indirectly…
Wall Street Edges Lower; Lyft Sinks on Dour Outlook
U.S. main stock indexes opened lower on Friday, with megacap growth companies under pressure after Treasury yields extended gains, while shares of Lyft plunged as the ride-hailing firm forecast current-quarter profit well below estimates. The Dow Jones Industrial Average fell 28.34 points, or 0.08 percent, at the open to 33,671.54. The S&P 500 opened lower…
Tough Tax Led to Britain Losing £320 million Vaccine Factory: Pharma Chief
February 10, 2023
admin
AstraSenecaBritainBusiness & MarketsCCP VirusCompaniesCOVID-19economic policieseconomyEuropeInvestmentIrelandJeremy HuntMarketstax ratesUKVaccines & SafetyVaxzevriaWorld
0 Comment
Britain’s tough tax rates led to it losing out on a £320 million new COVID-19 vaccine facility, AstraZeneca’s chief has said. Pascal Soriot said his drugs group chose Ireland as the base for its new state-of-the-art factory owing to the Republic’s low tax laws and commitment to green energy. Addressing the pharmaceutical chief’s comments on…
Global Shares Fall, Eyes on Inflation, Earnings, Growth
February 10, 2023
admin
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
TOKYO—Global shares were mostly lower on Friday after Wall Street retreated for a second day as market watchers considered earnings reports and various indicators about whether inflation is waning in the U.S. and elsewhere. France’s CAC 40 lost 0.3 percent in early trading to 7,169.30, while Germany’s DAX shed 0.4 percent to 15,455.07. Britain’s FTSE…
South Korea Fines German Automakers for Rigging Diesel Car Emissions
February 9, 2023
admin
Asia & PacificBusiness & Marketscar emissionCompanieseconomic policieseconomyEuropefinesKoreaMarketsregulatorWorld
0 Comment
South Korea officials fined German automakers for colluding to rig diesel car emissions. The country’s antitrust regulator announced the imposition of a fine totaling a combined 42.3 billion won ($33.48 million) on three German automakers for colluding to curb emissions-cleaning technology for their diesel-powered cars, reported Reuters. Mercedes-Benz, BMW, Audi (Volkswagen) were accused of colluding…
Tax Rises May Force Richer Scots to Move to England: Think Tank
February 9, 2023
admin
Business & Marketseconomic policieseconomyprogressiveScotlandScottish National Partytax systemUKWorld
0 Comment
Scotland’s increasingly progressive tax system may force richer residents to move across the border into England, where taxes for higher earners are lower, a think tank has warned. Under the Scottish government’s draft budget for 2023–24, initially announced in December, taxes on the highest earners in Scotland will increase in response to rising inflation. Changes…
Lockdown-Fuelled Fear Keeping People at Home Is Contributing to Rising Joblessness, UK MPs Told
The boss of a major UK recruitment agency told MPs that people suffering from health problems including anxiety and fear about leaving their homes linked to lockdown restrictions are contributing to rising unemployment. MPs on the Work and Pensions Committee were told on Wednesday that post-COVID-19, the economically inactive are reluctant to work “in busy…
Used Car Prices Pop Up Unexpectedly, Suggesting Inflation Woes Not Over
February 9, 2023
admin
Business & Marketscar salesCompanieseconomic policieseconomyinflationMarketspersonal financeUSused car prices
0 Comment
Used car prices jumped unexpectedly in January, which suggests that inflation woes are not over for car buyers. The news has the potential to squash optimistic predictions that inflation is heading downward, as the Federal Reserve continues to hike interest rates. Used car prices have increasingly become a point of interest for investors and for…
Oil Prices Steady After US Stockpile Swell
February 9, 2023
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
0 Comment
LONDON—Oil prices were steady on Thursday, as optimism over recovering Chinese demand was offset by U.S. oil inventories hitting their highest in months and signs the U.S. Federal Reserve could keep raising interest rates. Brent crude futures gained 30 cents to $85.39 a barrel by 0856 GMT, while U.S. West Texas Intermediate (WTI) crude futures…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta