BEIJING (Parliament Politics Magazine) – After the US central bank chairman declared it would keep raising interest rates to combat rising prices, shares in Asia have dropped. The policies of the Federal Reserve will hurt some businesses and households, Jerome Powell warned.
LONDON (Parliament Politics Magazine) – For overcharging thousands of prepayment metre customers on default pricing over the course of three years, Shell has agreed to pay half a million pounds. After realising it had delivered the incorrect prices to customers’ metres, the
LONDON (Parliament Politics Magazine) – After accruing about £4 billion in debt during the Covid crisis, Cineworld has acknowledged that it is considering filing for bankruptcy in the US. However, the company gave assurance to the employees and movie goers that its
LONDON (Parliament Politics Magazine) – With UK inflation reaching the two-digit figure for the first time since 1982, prices are still rising at their quickest rate in over 40 years. According to the Office for National Statistics (ONS), inflation increased from 9.4%
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
