Could oil prices hit $100 per barrel again? We ask the experts April 4, 2023 City A.M. asks the experts if oil prices could hit $100 per barrel next year, as forecast by banking behemoth Goldman Sachs.
Bank needs to ‘see the job through’ on inflation, says Pill – but divisions remain April 4, 2023 The chief economist at the Bank of England, Huw Pill, has suggested that more work is needed to tame price rises because there is a danger of high inflation becoming embedded in the UK economy. “The onus remains on ensuring enough monetary tightening is delivered to ‘see the job through’ and sustainably return inflation to [...]
Finland officially joins NATO as security bloc’s border with Russia doubles April 4, 2023 Finland has officially joined the North Atlantic Treaty Organization (NATO) in a move that doubles the Western alliance’s border with Russia. The historic realignment was triggered by Russia’s invasion of Ukraine last year. It has sparked warnings from Moscow that it will seek to bolster defences along its border. Finland shares a 832-mile border with [...]
Let’s face it: Profiteering is feeding the inflation beast, not just pay rises April 4, 2023 Inflation is a pernicious beast that is plainly bad for people and businesses. It can ease governments’ debt burdens by (artificially) boosting tax revenues, but that can lead to severe bouts of price rises that, often, lead to societal decay. So it’s easy to see why policymakers in the UK are sweating over the rate [...]
‘Worse than the pandemic’: Pub bodies warn of closures as energy bills relief scheme ends April 4, 2023 Hospitality bodies have warned that business failure is worse now than it was during the pandemic as the sector braces itself for the first month of trading following the end of the government’s energy bill relief scheme. “We’re seeing an acceleration of business failure which is now worse than the pandemic,” Emma McClarkin, chief executive [...]
Oil prices surge after surprise OPEC+ output cuts shake stagnant markets April 3, 2023 Oil prices have surged in today trading after OPEC+, announced surprise heavy cuts to output yesterday.
Watch the moment Russia is rocked by an explosion in St Petersburg cafe which kills prominent pro war blogger April 3, 2023 An explosion has torn through a cafe in Russia’s second-largest city, killing a prominent military blogger who had supported the fighting in Ukraine and was speaking at a patriotic discussion event. Russian news reports said blogger Vladlen Tatarsky was killed in the explosion at the Street Food Bar No 1 cafe in St Petersburg. Twenty-five [...]
OPEC surprises with further cuts to oil production amid demand fears April 2, 2023 Oil markets could enjoy robust trading tomorrow morning after OPEC announced surprise cuts to production today.
‘Hunt failed firms’: Warning of bleak outlook as businesses face 85 per cent drop in energy bill support – BCC March 31, 2023 Business leaders are stepping up warnings that firms will struggle to pay energy bills when a government relief scheme ends on Saturday.
Advantage Putin? Wimbledon U-turns to let Russia and Belarus stars like Sabalenka and Medvedev compete March 31, 2023 Russian and Belarusian players will be allowed to compete at Wimbledon this year, the All England Club has announced. Athletes from the two countries must sign declarations of neutrality and must not express support for Russia’s invasion of Ukraine, while players who receive funding from the Russian or Belarusian states, including sponsorship from state owned [...]