Economy

UK suffers worst inflation rate in G7 amid record soaring prices

Aug 18, 2022 15:09

Britain is suffering the worst inflation rate among the G7 countries with skyrocketing prices further tightening the squeeze on the British public.
Planned eight-day strike at port threatens UK’s supply chains

Aug 18, 2022 09:54

The most significant of a growing wave of strikes in Britain will go ahead with an eight-day walkout after pay talks broke down with employers at Felixstowe port in Suffolk, England.
Top American economist warns US recession may be ‘long and severe’

Aug 18, 2022 02:00

An American economist has warned that the United States is at the cusp of a “long and severe” recession, which he says could bring financial distress "across the board."
UK inflation tops 10%, highest since 1982

Aug 17, 2022 06:25

British consumer price inflation jumped to 10.1% in July, its highest since February 1982, up from an annual rate of 9.4% in June, intensifying the squeeze on households, official figures showed on Wednesday.
Pentagon contractors in Afghanistan pocketed $108 billion over 20 years (1)

Aug 12, 2022 15:51

Pentagon contractors operating in Afghanistan over the past two decades raked in nearly $108 billion—funds that "were distributed and spent with a significant lack of transparency".
Be warned: Inflation could take British politics to a very dark place indeed

Aug 06, 2022 12:09

Britons are to brace for a recession that will see five consecutive quarters of contraction, and a decline in household incomes of 5% by 2024 – the biggest fall since records began more than half a century ago.
Amid climate crisis, Shell's financial windfall is profiteering at its most grotesque

Aug 06, 2022 12:06

We may be in the dying days of the fossil fuel empire, but those companies are enriching themselves like never before, as people die from our climate crisis.
Turkey agrees to pay for Russian gas in rubles

Aug 06, 2022 10:26

Turkish President Recep Tayyip Erdogan has pledged to boost trade with Moscow, saying Ankara is ready to pay for part of Russian gas in rubles.
UK economy to slip into recession as inflation soars

Aug 06, 2022 06:59

Britain is on the brink of a recession as deep as the 1990s and as long as the 2008 financial crisis: a bleak projection by the country’s central bank.
UK: Trains disrupted in 2nd strike in a week

Jul 30, 2022 10:42

Thousands of railway workers in virtually a quarter of Britain’s network have gone on a 24-hour strike, causing yet another “significant disruption” for the second time this week.