Could the UK economy outperform the IMF’s dire recession warning? It’ll take a lot of luck February 1, 2023 Britain and the International Monetary Fund (IMF) have a pretty chequered past. Yesterday’s bleak forecasts marked another chapter in the pair’s hate-hate relationship. Yes, the usual barbs that come from ministers of the incumbent government of the day after the lender of last resort’s forecast don’t help. We saw all that yesterday. But, older people [...]
In this recession, it’s the tail end set of kids starting work who aren’t alright February 1, 2023 People who started work during lockdowns escaped the fate of those entering the labour market in 2008, but it’s the young people still at university we need to be worried about, writes Sascha O’Sullivan.
Decentralised assets – gold, silver, Bitcoin – has their time come? January 31, 2023 Jonny Fry takes a look at how decentralised assets line up against global debt and the way investors will want a digital future.
Euro economy pulls ahead of UK reinforcing IMF dire recession warning January 31, 2023 The UK is trailing its European economic peers, fresh figures out today reveal, reinforcing the International Monetary Fund’s (IMF) warning that it will be the only rich country to contract this year. The eurozone economy – made up of the 19 countries that use the common currency – unexpectedly grew 0.1 per cent in the [...]
BP says oil and gas investment needed for 30 more years to avoid energy shortages January 30, 2023 The world risks price swings and shortages unless there is continued investment in the oil and gas sector, BP has warned.
Germany teetering on edge of recession that risks dragging rest of Europe down with it January 30, 2023 Germany is teetering on the edge of a recession after fresh figures out today revealed its economy unexpectedly contracted in the final months of last year. German output dropped 0.2 per cent over the last quarter, below the flatline consensus forecast by investors. The shock GDP undershoot raises the risk that the wider eurozone economy [...]
Boris Johnson ‘lied’ over Putin missile attack claims, says Kremlin January 30, 2023 The Kremlin has suggested Boris Johnson told “a lie” when the former prime minister said that Russian President Vladimir Putin appeared to threaten him with a missile strike. The former Downing Street incumbent made the claim in a new three-part series for BBC Two looking at how the West grappled with Mr Putin in the [...]
Boris: Putin threatened me with a missile strike – that would ‘only take a minute’ January 30, 2023 Boris Johnson has claimed that Vladimir Putin told him “I don’t want to hurt you, but with a missile, it would only take a minute”, in a call ahead of the Russian invasion of Ukraine. The former prime minister said the “extraordinary” conversation took place in February after he had visited Kyiv in a last-ditch [...]
Putin and cronies must face justice for brutality in Ukraine, says EU January 28, 2023 The European Union wants swift accountability for “horrific” crimes in Ukraine, EU justice ministers said on Friday, even as they differed over the methods in a debate about how to bring prosecutions, seek evidence or fund war damage repairs. The bloc’s 27 justice ministers met in Stockholm ahead of the Feb. 24 anniversary of Russia’s [...]
Chevron unveils full-year record profits but falls short of expectations amid falling oil and gas prices January 27, 2023 Chevron posted a record £29.5bn profit for 2022 that was more than double year-earlier earnings but fell shy of Wall Street estimates.