London (Parliament Politics Magazine) – BP’s shareholders can anticipate a multibillion-dollar payout this year after the oil giant registered better-than-expected quarterly earnings of almost $2.8bn (£2.2bn) and set out strategies to develop a new oil headquarters in the Gulf of Mexico. Why
London (Parliament Politics Magazine) – UK business activity grew this month after a sharp elevation in new sales to a 15-month high, providing a lift to the new government as it schedules to summarise the state of the public finances next week,
London (Parliament Politics Magazine) – Hammerson has sold its 40% stake in Value Retail, which owns Bicester Village, to L Catterton for £1.5bn. The sale will raise £600m for Hammerson’s debt repayment and shareholder returns. How will Hammerson use the £600m from
London (Parliament Politics Magazine) – UK wage growth stalled in May to the lowest level in two years amid a cooling jobs market, highlighting the challenge for the Bank of England as policymakers determine whether to cut interest rates. Is UK Wage
London (Parliament Politics Magazine) – The live comedy business in the UK contributes more than £1bn to the economy every year, according to an analysis by Brunel University London. What is the economic impact of UK live comedy? In the first task
The U.S. dollar index fell slightly on Friday after data revealed a marginal slowdown in job growth for June, with nonfarm payrolls rising by 206,000, below expectations. The unemployment rate also edged up to 4.1%, slightly above the anticipated 4.0%. This data
The International Monetary Fund (IMF) has warned that inflation in countries like the UK and the US is proving “persistent,” potentially requiring interest rates to remain elevated for a prolonged period. This persistence in inflation, particularly in the services sector, continues to
The UK economy grew by 0.4% in May, twice the forecasted rate, driven by strong performances in retail and construction, according to the Office for National Statistics (ONS). This growth marked a rebound from zero growth in April, which had been affected
London (Parliament News) – The chancellor, Rachel Reeves, is establishing a £7.3bn national wealth fund, as part of a campaign by the newly elected Labour government to draw billions of pounds of private sector cash for major infrastructure projects across the UK.
Brussels (Parliament News) – Belgian authorities increasingly use the central bank’s register to track tax fraud, money laundering, and serious crimes, accessing it 135,330 times in the first half of 2024. How Are Belgian Authorities Using Bank Data for Crime Tracking? Belgian
