Supermarket sales slow over Easter as Brits start to cut back on grocery purchases May 4, 2022 Supermarket sales slowed last month as spending habits returned to normal after pandemic restrictions. Households are tightening their purse strings after the first tranche of higher bills hit budgets this spring while spending habits are also normalising after the easing of lockdown restrictions. Shoppers added slightly fewer items to their baskets over the last four [...]
Brits cling onto pandemic savings amid economic uncertainty May 4, 2022 Brits are clinging on to their pandemic saving war chests in a sign that the UK could be headed toward a recession this year, reveals official figures published today. Rampant inflation is failing to push households into drawing down money set aside during lockdowns, suggests data from the Bank of England. Savings – including those [...]
Letters: Don’t dye me a dirty river May 4, 2022 [Re: Fast fashion slammed over cargo plane usage, May 3] The clamour over emissions from fast fashion brands using aircraft to ship stock into the UK is valid. However, an even bigger problem for the fashion industry, which needs urgent attention, is the punishing environmental impact of textile dyeing processes. According to the Carbon Literacy [...]
Bitcoin volumes pick up, but price stays flat ahead of Fed’s interest rate decision May 4, 2022 Bitcoin, the largest cryptocurrency by market cap, currently sits at $38,800 again this morning – up 0.5 per cent over the past 24 hours.
Chinese refineries reportedly snapping up Russian oil on the cheap May 4, 2022 Independent Chinese oil refiners are reportedly snapping up cheap Russian fuel, which could draw the ire of the United States and United Kingdom. Firms have reportedly continued making deals since the start of the war, while state-run energy companies publicly halted new contracts. The buying of discounted oil by independent refineries by China, according to [...]
Deforestation: what could be the market impact of new EU ban? May 4, 2022 The EU looks set to require companies to demonstrate that agricultural products they import do not contribute to carbon dioxide (CO2) emissions and climate change through deforestation. The bloc is finally making efforts to ensure more sustainable consumption habits, with new legislation aimed at curbing deforestation and forest degradation linked to imported commodities such as [...]
Where are the opportunities in a disrupted US auto sector? May 4, 2022 Worldwide automobile production is struggling to keep up with demand, mainly due to shortages in semiconductors and supply chain disruptions. Geopolitical unrest is causing further declines in production estimates and applying the most pressure to European output. Russian auto production is expected to collapse. German auto original equipment manufacturers (OEMs) are facing factory slowdowns due [...]
Explainer-in-brief: A very leaky Supreme Court judgment May 4, 2022 Yesterday, a leaked draft judgment from the Supreme Court suggested Roe v Wade could be overturned. The ruling has protected a woman’s right to an abortion in the US since 1973. If it is overruled, it would return the power to decide on abortion reforms to individual states. A host of states have already begun [...]
Confirmed: Elizabeth Line to open later this month May 4, 2022 The Elizabeth Line is set to open its doors to the public in just 20 days time, Transport for London today announced.
Earth Day 2022 Q&A: Everything you need to know May 4, 2022 When Earth Day 2022 is celebrated around the world on Friday 22 April it will be its 52nd anniversary. But what is its history and what progress, if any, has been made since it was first celebrated in 1970? What is Earth Day? Earth Day is an annual global event to demonstrate support for environmental protection [...]
