UK sustainable fuel firm urges governments to push businesses to make the switch August 15, 2022 UK sustainable fuel technology firm Velocys has hailed the around US’ $370bn package to reduce fuel emissions currently making its way through Congress – and has urged other governments to follow. Under the Inflation Reduction Act, which is still subject to ratification, the US has set aside billions to support the production and use of [...]
German households braced for heavy levy as country counts cost of Russian squeeze August 15, 2022 German households will suffer the heavy price of a Russian supply squeeze on European gas flow, with a new levy on their energy bills.
Strong consumer spending boosts Japan economy, but GDP misses forecasts August 15, 2022 A slowdown in the spread of virus cases and a sharp rise in consumer spending has boosted Japan’s economy, new figures published today showed. Output in the world’s third biggest economy jumped 2.2 per cent in the three months to June, up from a small 0.1 per cent rise in the first quarter of this [...]
Fintech challenger banks steam ahead of high street stalwarts in CMA ranking August 15, 2022 Fintech challenger banks Starling and Monzo have leapt ahead of their traditional high street rivals in a fresh ranking of UK lenders published today by the Competition and Markets Authority.
Warnings for road and rail as extreme weather continues and heatwave turns to storms August 15, 2022 The UK rail and road network is bracing itself for the impact of severe weather as the heatwave comes to an end and thunderstorms are expected. With Britain having experienced its driest July since 1935, the Met Office issued a yellow weather warning on the weekend as heavy rain is expected across large parts of [...]
Govt reassures commuters next year’s rail fares rise will be below inflation rate August 15, 2022 The government said this morning that next year’s increase in rail fares in England will be below the current rate of inflation. Changes in regulated fares such as season tickets are traditionally implemented on the first working day of the year and based on the previous July’s retail price index (RPI), which for 2022 will [...]
Bank of England ramps up staff bonus pool by £1.3m despite inflation surge August 15, 2022 The Bank of England handed out an average bonus of just over £5,400 to staff despite inflation expected to rise to more than six times the monetary authority’s target. The monetary authority upped its bonus pool by around £1.3m over the last year to £23.3m, according to figures obtained by The Observer through a freedom [...]
Price of Bitcoin pushes higher over a solid weekend for crypto August 15, 2022 Bitcoin, the largest cryptocurrency by market capitalisation, held above $24k on both Saturday and Sunday, setting highs of just below $25k.
HelloFresh remains cautiously optimistic for year as it passes price hikes onto customers August 15, 2022 HelloFresh this morning said it was “cautiously optimistic” about the second half of the year as the company grapples with soaring prices. For the second quarter, the meal kit maker confirmed its previously-released figures, which showed that revenue for the three-month period rose to €1.96bn from €1.56bn. Hellofresh topped expectations, delivering 557.1m meals in the [...]
Abrdn’s Asian Income Fund loses 6.9 per cent of value as APAC markets suffer August 15, 2022 Asset management giant Abrdn said the value of the assets controlled by its Asia Income Fund plunged 6.9 per cent over the first half of 2022 as markets were rocked by a combination of Covid lockdowns and the ripples of war in Ukraine. In its half yearly report today, the firm said net asset value [...]