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Business

Shell profits increase to $9.1 billion, amidst windfall tax demands

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

Avatar of Kourtney Spak by Kourtney Spak
May 5, 2022
UK News

UK: What the experts predict for gains and losses in local elections

LONDON (Parliament Politics Magazine) – The results of a poll published last month by the Daily Telegraph suggested that the Conservatives are on track to lose almost 800 council seats in the local elections. Despite the fact that it was based on

Avatar of Eleni Kyriakou by Eleni Kyriakou
May 5, 2022
Middle East

Egypt plans to float army-owned businesses on the stock exchange

CAIRO (Parliament Politics Magazine) – Egypt plans to put army-owned enterprises on the stock exchange by the end of the year as part of a drive to involve the private sector in managing state-owned assets. Egypt’s plan to privatise state-owned businesses isn’t

Avatar of The Editor by The Editor
May 4, 2022
Europe

By the year end, Brussels wants to end oil imports from Russia

BRUSSELS (Parliament Politics Magazine) – The European Commission’s president, Ursula von der Leyen, revealed a proposal today to impose an EU-wide embargo on Russian oil imports, which are one of Moscow’s key revenue sources. The embargo will be methodical and progressive, with

Avatar of Ashton Perry by Ashton Perry
May 4, 2022
UK News

Britons should choose value brands, suggests minister

LONDON (Parliament Politics Magazine) – The environment secretary has advised that shoppers may deal with rising food prices and the cost of living crisis by shopping for value brands at supermarkets. Food prices are rising as a result of the knock-on impact

Avatar of Kourtney Spak by Kourtney Spak
May 4, 2022
Business

Is the Bank of England capable of stopping spiralling inflation?

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

Avatar of Eleni Kyriakou by Eleni Kyriakou
May 4, 2022
2000 Sydney Olympics
World

Australia Bribed Commitees To Buy 2000 Sydney Olypmics  

Sydney (Parliament Politics Magazine) –  The historic 2000 Sydney Olypmics  that were held 22 years ago in Australia were bought to a large extent. A senior official from the IOC has admitted that the bid was ‘bought to a large extent. The

Avatar of Beth Malcolm by Beth Malcolm
May 4, 2022
Europe

Greens and left come together against Macron before June elections

PARIS (Parliament Politics Magazine) – On Monday, the French greens and the left-wing party of Jean-Luc Mélenchon have mutually decided to run against Emmanuel Macron in the June parliamentary election. When they face the newly elected President of France on June 12

Avatar of The Editor by The Editor
May 3, 2022
Business

As demand for a windfall tax rise, BP profits skyrocket

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

Avatar of Ashton Perry by Ashton Perry
May 3, 2022
Boris Johnson/UK News

The economy risks entering a ‘inflationary spiral’ claims PM Boris

LONDON (Parliament Politics Magazine) – Johnson is widely thought to be always eager to raise government expenditure, with only the more fiscally disciplined chancellor, Rishi Sunak, acting as a check. However, Johnson hinted that the Treasury has won this fight in his

Avatar of Kourtney Spak by Kourtney Spak
May 3, 2022
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