LONDON (Parliament Politics Magazine) – The Bank of England is set to announce its most recent interest rate decision on Thursday, and it is widely anticipated that they will increase rates for the sixth consecutive time. Currently, interest rates are 1.25 percent.
LONDON (Parliament Politics Magazine) – Following a spike in oil and gas prices, BP announced its largest quarterly profit in 14 years. Between the months of April and June, the energy giant’s underlying profits increased by more than three times to $8.45
BRUSSELS (Parliament Politics Magazine) – This is how the eurozone economy performed in the first full quarter after the Ukraine war increased energy prices and disrupted supply lines. France’s economy shows 0.5% growth, avoids recession By resuming growth in April through June,
LONDON (Parliament Politics Magazine) – Airports criticised by a Ryanair boss for failing to hire enough employees to handle the increase in travellers, claiming they only had “one job to do.” Chief Financial Officer Neil Sorahan stated that several governments and airports
WASHINGTON (Parliament Politics Magazine) – On Friday, Twitter Inc. released poor second-quarter sales figures, dealing yet another setback to a business already engaged in a high profile lawsuit with Elon Musk over the future of the social network. Revenue decreased 1% in
WASHINGTON (Parliament Politics Magazine) – The International Monetary Fund has warned that a complete shutdown of Russian gas supply may cause a 6% drop in GDP and result in recession in the most vulnerable EU nations. The IMF stated that Europe didn’t
WASHINGTON (Parliament Politics Magazine ) – By demanding additional information regarding Elon Musk’s filings made during the process, the US financial watchdog has increased the pressure on him in relation to his effort to acquire Twitter. In a letter written last month,
LONDON (Parliament Politics Magazine) – Stock markets were rattled by growing concerns about a possible European recession on Tuesday as the euro sank to lowest in two decades and the pound hit its lowest level since the beginning of the pandemic. As
ANKARA (Parliament Politics Magazine) – The most recent official statistics show prices in Turkey to be soaring at their quickest rate in 24 years. The annual rate of inflation, or the rate at which prices increase, was somewhat higher than anticipated in
WASHINGTON (Parliament Politics Magazine) – Concerns over the impact of measures to combat inflation on economic growth have caused US stocks to experience the worst first half of a year since 1970. The benchmark S&P 500 index dropped 20.6 percent during the
