Britons boost savings and cut pensions over Iran war inflation fears
Britons are building up rainy-day savings and cutting pension contributions as they brace for a new inflation shock…
Another RBA rate rise won’t fix inflation – it will just smash households already hit by soaring fuel costs | Greg Jericho
With the release of the March inflation figures on Tuesday showing a big jump, the likelihood of a…
Africa’s richest country extends fuel tax cuts, forgoes over $1 billion to cushion Iran war impact
South Africa will extend its temporary fuel tax cuts for another two months, as the government moves to…
British airline crashes into liquidation with 161 jobs affected as fuel prices surge
UK carrier Ascend Airways has entered liquidation after just three years of operations. The firm’s management cited soaring…
Energy prices jump over 15% in year to April
Energy prices rose by 15.5% in the 12 months to April, according to the Central Statistics Office. Food…
Euro area economic climate worsens further in April as inflation expectations jump
Final consumer confidence -20.6 vs -20.6 prelimEconomic confidence 93.0 vs 95.2 expected (Prior 96.2)Industrial confidence -7.7 vs -7.2…
China targets ‘zombies’ with regulatory headshots to kill off subsidised laggards
China’s top market regulator is intensifying its crackdown on debt-laden “zombie companies” – rolling out a pilot programme…
Financial crisis looms as borrowing costs rise to ‘levels not seen since’ 2008 in blow to Rachel Reeves
Analysts are warning that borrowing costs in the UK are on the rise in response to the recent…
China discovers 225 large, medium-sized crude oil, natural gas fields from 2021 to 2025: Ministry of Natural Resources
China’s largest shale oil production base, the Changqing Oilfield, located in Northwest China’s Gansu Province. Photo: Screenshot from…
‘Take the money and run’: Johns Hopkins economist Steve Hanke on why the UAE quit OPEC
The decision was shocking. But the announcement April 28 that the UAE was leaving OPEC caps years of…
Lloyds takes £151m hit from Iran war as it forecasts rise in UK unemployment | Lloyds Banking Group
Lloyds has said that the economic fallout from the Middle East conflict could cost it £151m amid rising…
Brown’s Original Banbury Cakes factory shuts after 400 years amid cost of living crisis
A UK cake company has shut down after 400 years of business in yet another blow to Britain’s…