Inflation drops as Labour subsidies delay price surge May 20, 2026 Inflation dropped slightly compared to the result in the month before as Chancellor Rachel Reeves’ Budget policies stalled an expected surge in price growth. The Office for National Statistics revealed that the consumer price index (CPI) reading was 2.8 per cent, lower than expected by City forecasters. The data for price growth in the year [...]
Deutsche Bank hit with six-figure fine in UK for breaching Russia sanctions May 19, 2026 Deutsche Bank has been slapped with a six-figure fine by the Treasury’s financial sanctions body for processing payments that breached sanctions on Russia. The German multinational investment bank has been handed a £160,000 fine after it was found to have authorised two payments linked to a sanctioned Russian firm between the periods of June and [...]
Platinum prices soar amid supply deficit and AI demand May 18, 2026 Platinum group metals saw significant price gains over the course of 2025, after tightening physical supplies and increasing retail and institutional investor interest hiked costs. Platinum’s average price rocketed 33 per cent last year, hitting $1,280 (£985.5) per ounce, up from $960 the prior year, according to the latest report from Metals Focus. The price [...]
Rachel Reeves to scrap fuel duty hike May 18, 2026 Rachel Reeves is set to scrap plans to hike fuel duty, following pressure over the impact of the Iran war on fuel prices and the cost of living. Fuel duty was first frozen by the Tories in March 2022 and the Chancellor had extended this hold on the rate until the end of August this [...]
Fifa World Cup under major threat of cyber terrorism May 18, 2026 The 2026 Fifa World Cup could be the victim of the largest volume of cyber terrorism and hacktivism events in sporting history. The sheer scale of next month’s tournament – which is being hosted across Canada, the United States and Mexico – could play into the hands of rogue states and groups looking to cause [...]
Banning Russia but not Israel shows Eurovision has lost its moral compass May 15, 2026 Banning Russia from Eurovision was easy because it had near-universal Western consensus behind it. But is that is the precedent then it must be applied equally to Israel, says Pablo O’Hana There’s a particular kind of grief in cancelling something you love. After 14 years of hosting what I can only describe as genuinely joyful [...]
Rich List reveals scale of wealth exodus from Britain May 15, 2026 Revolut chief executive Nik Storonsky and quant house luminary Alex Gerko have both featured in the top 10 of The Sunday Times Rich List for the first time, in a year its author warned laid bare the scale of Britain’s wealth exodus. As many as one in six of the individuals and families who appeared [...]
IGI Announces Increase in Quarterly Ordinary Common Share Dividend May 14, 2026 International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) today announced that its Board of Directors has voted to increase the Company’s quarterly ordinary common share dividend to $0.075 per share, representing a 50% increase from the present rate of $0.05 per share per quarter. This marks the third consecutive year that the [...]
IEA warns of ‘record’ oil drawdown after ‘unprecedented’ Strait of Hormuz supply shock May 13, 2026 The West’s international energy watchdog has warned that oil stockpiles were being drained at a record rate last month as the US’s war in Iran continues to choke supply in an “unprecedented” supply shock. The International Energy Agency revealed that around 4m barrels of oil a day were tapped from back-up supplies in April, within [...]
Formula 1’s reaction to season disruption a lesson for Fifa World Cup May 10, 2026 Formula 1 is firmly back on track but the consecutive Bahrain and Saudi Arabian race cancellations, the result of events in the Middle East, have highlighted how quickly established sporting fixtures can face significant disruption. The cost of the decision to cancel both races, given the potential risk to safety of staff working in the [...]