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
MOSCOW (Parliament Politics Magazine) – For the first time in a century, Russia failed to make payments on its foreign-currency sovereign debt. This was the result of increasingly strict Western sanctions that cut off Russia’s access to payment channels to foreign creditors.
LONDON, ( Parliament Politics Magazine ) – The UK’s inflation statistics have been released. The latest CPIH data shows that prices in the UK will increase at the highest rate in 40 years in 2022. The highest increase is expected in transport,
LONDON ( Parliament Politics Magazine ) – The tourism industry in Scotland is suffering deep financial pain in an environment of commercial instability and weakened consumer confidence. This article looks at some of the ways that the Scottish Government is stepping in
LONDON (Parliament Politics Magazine) – As the prices of food, fuel and energy continue to increase at their quickest rate in 40 years, inflation in the UK rises upto 9.1% over the course of a year ending in May from 9% in
LONDON (Parliament Politics Magazine) – According to the government, the first of two payments to assist the poorest households with the cost of living will be deposited into people’s bank accounts on July 14th. By July end, over eight million UK households
LONDON (Parliament Politics Magazine) – When growing costs are taken into account, regular pay is declining at the fastest rate in over a decade, according to the Office for National Statistics. When adjusted for inflation, pay excluding bonuses fell 2.2 percent between
LONDON (Parliament Politics Magazine) – In April, the UK economy dropped once more as firms felt the effects of price increases and the NHS Covid Test and Trace system was shut down. Official figures reveal that the economy declined by 0.3 percent
WASHINGTON (Parliament Politics Magazine) – Elon Musk has threatened to pull out of his $44 billion acquisition of Twitter, claiming that the social media business has thwarted his attempts to learn more about its user base. Mr Musk said in a letter
LONDON (Parliament Politics Magazine) – According to a new research by the Office for National Statistics, budget pasta costs have climbed by 50% in the last year, although overall supermarket lower-price ranges have increased at around the same rate as food in
WASHINGTON (Parliament Politics Magazine) – The watchdog for the US financial has approached Elon Musk regarding his Twitter stake disclosure, inquiring as to why the Tesla CEO appeared to have filed a vital document late. The SEC has sent a letter to
London, (Parliament Politics Magazine) – The Bank of England (BoE) was remarkably slow in seeing an inflationary threat that was obvious to monetarists and businessmen. As recently as last May, the BoE was forecasting inflation rates between 1.9 per cent and 2.3
LONDON (Parliament Politics Magazine) – According to studies, the income gap between the bosses and the employees will increase again this year after shrinking during the pandemic. The High Pay Centre thinktank, which pushes for fairer compensation structures believes, FTSE 350 chief
LONDON (Parliament Politics Magazine) – According to the leader of Britain’s largest energy supplier, consumers will have to deal with exorbitantly high fuel prices for a period of at least another 18 months. E.ON UK’s chief executive, Michael Lewis, has urged for
LONDON (Parliament Politics Magazine) – The Bank of England will tighten its grip on the economy in the coming months as it attempts to lower the highest inflation rate in 40 years, according to its chief economist. Huw Pill said “additional work”
WASHINGTON (Parliament Politics Magazine) – Elon Musk has put his $44 billion (£35 billion) proposal to buy Twitter on hold, citing concerns over the amount of fake or spam accounts on the platform. He stated that he was awaiting facts “to support
LONDON (Parliament Politics Magazine) – The value of a popular cryptocurrency has dropped by 99 percent, taking down an as frequently referred to “stablecoin” with it. On Thursday, the Terra Luna token plummeted from a high of $118 (£96) last month to
LONDON (Parliament Politics Magazine) – Starting Monday, millions of people will be shifted off legacy benefits and onto universal credit, a strategy that charities have judged too risky to continue. More than 20 charities have written to Therese Coffey, the work and
CANBERRA (Parliament Politics Magazine) – According to whistleblowers, Facebook employed an overly aggressive blocking system to take down the pages of Australian emergency services last year as a negotiation strategy. Following a dispute over paying news sources, the social media platform decided
LONDON (Parliament Politics Magazine) – Shell has declared a record quarterly profit of $9.1 billion (£7.3 billion) for the first quarter of the year, increasing pressure on the government to enact a windfall tax to fund steps to combat rising home energy
LONDON (Parliament Politics Magazine) – Worries of a “inflationary spiral,” the Prime Minister stated yesterday, had limited the amount of assistance the government could provide in the cost-of-living crisis. This is a difficult notion to communicate to millions of people who have
LONDON (Parliament Politics Magazine) – After oil and gas prices skyrocketed, BP’s profits for the first three months of the year more than doubled. The energy behemoth posted an underlying profit of $6.2 billion (£4.9 billion), up from $2.6 billion in the
BRUSSELS (Parliament Politics Magazine) – Apple has been charged by the European Commission of abusing its market advantage in contactless smartphone payments. It said the US corporation may have infringed competition law by prohibiting rivals from using its “tap and go” technology,
WASHINGTON (Parliament Politics Magazine)- Elon Musk, the world’s richest man, sold $8.5 billion (£6.8 billion) worth of Tesla shares to fund cash after agreeing to buy Twitter. Tesla’s CEO has put $21 billion of his own money into the financing package for
DOHA (Parliament Politics Magazine) – Qatar’s hosting of the World Cup is a success, but Europe’s quest to replace Russian natural gas will give the Gulf state genuine clout. Passengers can see the brand new 80,000-seat stadium rising out of the desert
LONDON (Parliament Politics Magazine)- As expected, the UK has yet again abandoned plans of imposing additional checks on goods coming into the country from the European Union. The change implies limits on chilled meat imports from the EU and border checks on
WASHINGTON (Parliament Politics Magazine) – Twitter’s board has approved of Elon Musk’s $44 billion (£34.5 billion) takeover offer. ALSO READ: Elon Musk warned by the EU to follow the its strict new regulations Mr Musk, who made the surprise proposal less than
LONDON (Parliament Politics Magazine) – A think tank has warned that the mini-budget by Rishi Sunak will not prevent millions of people from falling into poverty due to rising food and energy prices. The chancellor stated that the initiatives outlined in his
LONDON (Parliament Politics Magazine) – In an effort to alleviate the strain of the cost of living problem, Rishi Sunak has lifted the national insurance threshold by £3,000 and announced a 5p per litre reduction in fuel duty tax. However, it occurs
LONDON (Parliament Politics Magazine) – Chancellor Rishi Sunak will give the mini budget while hinting to help the Britons cope with the rising living costs in the UK Spring budget for 2022. Inflation and pricing increases have angered business owners across the
LONDON (Parliament Politics Magazine) – According to an eminent economist, the chancellor has “wiggle room” to help combat growing living costs. Before the Spring Statement on Wednesday, Sir Charlie Bean told the BBC that Rishi Sunak might have up to £50 billion
By Neil Lancefield, PA Transport Correspondent – P&O Ferries has suspended sailings amid speculation it is preparing to sack hundreds of workers. The ferry operator said in an internal statement it will make “a major announcement” which will “secure the long-term viability
By Jack Evans, PA Motoring reporter- Rising fuel costs could see many people considering a switch to a more fuel-efficient car, says Jack Evans. Continued fuel price increases are hitting drivers hard. With the cost of a full tank still rising, many
London, (Parliament Politics Magazine) – In January, the UK GDP rose by 0.8%; was it a promising start of 2022 or a one-off? Towards the end of the month, the release from Omicron-related restriction boosted the economy. British consumers were out spending
London, (Parliament Politics Magazine) – Joe Biden has taken a brave decision to ban all imports of Russian oil in the United States which is not only going to be a heavy economic blow for Putin but will also have an impact
London, (Parliament Politics Magazine) – European sanctions aiming at Russia could eventually hurt the European and worldwide economies. The pan-European Stoxx 600 index fell 2.5% by mid-morning, cutting some of its earlier losses. Banks and autos slid 5% to lead losses while
LONDON (Parliament Politics Magazine) – According to the spending watchdog of the parliament, error and fraud cost the government of UK up to £16 billion over the Covid-19 emergency loan schemes, which it characterised as “unacceptable.” According to a report released on
If salary is high on your career hit list, you may be contemplating a salary increase or a pivot into a better industry. In order to help you make an informed decision, Adzuna has created a Tube map with salary data, which
The UK has imposed sanctions against five Russian banks and three individuals following an investigation into possible links between the two countries. The Russian government has accused the General Bank of providing funds to the Crimean separatists and Promsvyazbank of funding
LONDON (Parliament Politics Magazine) – With news that US President Biden and Russian President Vladimir Putin have agreed to meet to resolve the Ukrainian problem, the week has started on a more positive note. Emmanuel Macron, the French president, has invited Putin
WASHINGTON (Parliament Politics Magazine) – The growing fears of hostilities and tensions between Russia and the United States over Ukraine have caused financial markets around the world to plummet. The Dow Jones fell 1.8 percent, the S&P 500 dropped over 2%, and
WASHINGTON (Parliament Politics Magazine) – Investors are being pushed to vote against Apple CEO Tim Cook’s $99 million (£73 million) pay package from last year. Institutional Shareholder Services (ISS) expressed “serious concerns” about the award’s amount, which has increased from $14.8 million
WASHINGTON, DC (Parliament Politics Magazine) – Concerns about a hawkish Federal Reserve are threatening to dampen risk appetite across the markets, so investors are ready for additional gyrations in other cryptocurrencies including bitcoin. In recent weeks, the volatility that has always been
The past couple of years have been a huge logistic headache; it might have been related to lockdown, it might have happened independently, opinions differ. Anyway, congested ports, containers in the wrong part of the world, and not enough truck drivers have
MOSCOW (Parliament Politics Magazine): Russia’s central bank advocated a total ban on the use and manufacture of all cryptocurrencies, citing threats to the country’s financial system and ecology. Cryptocurrency has all the signs of a pyramid scheme and threatens monetary policy sovereignty,
Energy bills in the UK are set to rise as the government seeks to reign in suppliers who are overcharging consumers. The price of wholesale gas and electricity is up by over 30% compared to last year, and this will put many
Difficulties in finding staff are not specific to the United Kingdom. The pandemic has made many people reassess their life’s priorities, and many are using what they experienced during lockdown to rebuild their lives in a different way. In the United Kingdom,
In the United Kingdom, the “work from home” mandate has been removed. People are free to return to their office or may have to return to their offices depending on the organisation they work for. In the past two years every time
