The Metro says Energy giant Shell has announced it will stop buying oil and gas from Russia and shut all of its service stations in the country.
Author: WTX Business Team
The Independent says the economic fallout from conflict in Ukraine will help trigger the biggest fall in living standards for Brits since the mid-1970s, according to the Resolution Foundation, a leading think tank.
The Independent says Oil prices soared on Sunday to their highest point since mid-2008, as the global market continued to suffer the consequences of Russia’s assault on Ukraine.
The Guardian says Rishi Sunak is facing renewed pressure from business leaders to delay a planned £12bn rise in national insurance, amid warnings over soaring costs for companies and households.
House prices have skyrocketed in just one month as the easing of Covid situation has reignited interest in city living, according to a new report.
The Independent says UK inflation has stayed at a near 30-year high after rising further in January as Britain remains in the grip of a tightening cost-of-living squeeze.
The Guardian says the company behind Irn-Bru has revealed it is increasing its prices after its packaging, ingredients and energy-linked commodity costs jumped, as it raised its sales and profit estimates.
The Independent says Ryanair missed its targets in December after the spread of Omicron forced governments to reimpose restrictions on international travel.
Bitcoin loses half its value as the value continued to plunge on Saturday following Friday’s cryptocurrency market crash.
Pay rises wiped out by surging inflation: Wage rises were wiped out by the rising inflation late last year, according to official figures.
Amazon emailed UK customers on Monday to inform them that the proposed visa credit cards ban will no longer take place.
The Metro says more than half a million people cancelled flights from Heathrow in December alone due to travel fears about the Omicron.
Silicon Valley’s Theranos CEO Elizabeth Homes duped $4bn – the fake it until you make it approach. Now Holmes has been found guilty, will the Valley change?
A top financial app shared the best tips to take into 2022 to save money. Digital financial coaching app Claro Money says money saving can be challenging.
India banning crypto payments could mean jail for violations. In one of the sternest moves against the cryptocurrency market especially Bitcoin. It is reported that over a 1/3 of all cryptomarket transactions are made by Indian people. Flouting any of these rules would also be “cognisable” which means an arrest without a warrant is possible, and “non-bailable,” it said. The proposed legislation that would ban the use of cryptocurrencies as a method of payment in India also seeks to make those who infringe the law subject to arrest without a warrant and being held without bail, according to a source…
The UAE is cutting its working week to four-and-half days and moving its weekend from Friday-Saturday to Saturday-Sunday.
Facebook Share price drops by almost 5% in the longest outage in history. More bad news looms as the Facebook whistleblower is due to testify tomorrow.
The economy grew by just 0.1% in July as the last Covid restrictions were lifted in England. It marked the UK economy’s sixth consecutive month of growth.
El Salvador has become the first country in the world to accept bitcoin as legal tender. This is huge news for the Cryptocurrency market and has rallied the market.
European banks storing €20bn a year in tax havens – Barclays and HSBC among banks booking money equivalent to 14% of annual profits in offshore entities Leading European banks are booking around €20bn (£17bn) a year – equivalent to 14% of their total profits – in tax havens, with Barclays, HSBC and NatWest Group among those enjoying the lowest tax rates, according to a new report. The figures emerge from an analysis, conducted by the EU Tax Observatory, of 36 big banks required to publicly report country-by-country data on their activities. Banks said to enjoy a particularly low effective tax rate on…
UK house prices rose by almost £5,000 in August as the property market continued to boom following the partial end to stamp duty holiday.
The chief of Brighton and Hove Albion Paul Barber has apologised to fans for the lack of catering staff and stewards.
Amazon is offering new warehouse employees a £1,000 joining bonus amid a mounting staff hiring crisis.
The Guardian says Amazon has made the surprise decision to move production of its $1bn-plus Lord of the Rings series from New Zealand to the UK
CITYAM says Cineworld Group, the world’s second largest cinema chain, has published half year results revealing the severe financial impact of lockdown restrictions.
