Browsing Category
Business
UK Finance Minister Tries to Ease Market Concerns
The new UK Chancellor of the Exchequer, Jeremy Hunt, has said more taxes are going up, and UK government spending won't rise as much as some people want.
With this, Hunt tries to reassure the financial markets about the budget…
Read More...
Read More...
British Minister Interrupts Trip Due to Unrest in Tax Plans
UK Chancellor of the Exchequer Kwasi Kwarteng has interrupted his visit to Washington to return to London amid turmoil over UK tax plans. The pressure on Prime Minister Liz Truss's new government to abolish the announced tax cuts, which…
Read More...
Read More...
EasyJet Remains Loyal to Schiphol Despite Chaos
For the critical Schiphol user easyJet, finding another airport to replace the chaos-plagued Dutch airport is not an option. So CEO Johan Lundgren says he is putting a lot of pressure on the Schiphol board to counteract new capacity…
Read More...
Read More...
UN: Urgent Aid Needed for Highly Indebted Developing Countries
Dozens of countries need urgent help to ease their debt as interest rates rise and the global economy slows. According to the UN Development Programme, if 54 developing countries do not cancel part of their debts, global poverty will…
Read More...
Read More...
How Small Business Owners Can Combat Inflation
The United Kingdom has been facing significant inflation since the year began. Even now, prices continue to rise, with energy and fuel becoming 42% more expensive in July. Overall, the cost of living has been climbing, but it is projected…
Read More...
Read More...
Moscow Stock Market Crashes Due to Escalation War in Ukraine
The stock market in Moscow fell hard on Monday due to fears of a further escalation of the war in Ukraine. Russia's MOEX index plunged nearly 12 percent at market opening, falling below 1,800 points for the first time since Russia's…
Read More...
Read More...
Biden Thwarts Chinese Chip Industry With New Export Rules
The administration of US President Joe Biden has presented new export regulations designed to slow down China's technological and military progress.
For example, American chip companies should stop supplying specific equipment to…
Read More...
Read More...
Bank of England Refutes British Minister’s Claim Over Stock Market Crash
Claims by British Prime Minister Liz Truss and Chancellor of the Exchequer Kwasi Karteng are wrong. That says the Bank of England in a letter to the British House of Commons.
The Truss administration claimed that a downturn in UK…
Read More...
Read More...