Articles Finance IN UK 01

Adam McGeoch: Sectors hit hardest by pandemic now battling against cost-of-living crisis

Editorial Bureau July 5, 2022

London(UK)- As the economic recovery from the pandemic starts to falter, which sectors of the economy are still operating well below pre-pandemic levels of output? Despite a contraction in April, the Scottish economy remains above pre-pandemic levels however, certain sectors of the economy are

Business Finance

IEA: High prices, uncertainty will slow growth in gas demand

Editorial Bureau July 5, 2022

Berlin (Germany)- The International Energy Agency says high prices for natural gas and supply fears due to the war in Ukraine will slow the growth in demand for fossil fuel in the coming years. In a report published Tuesday, the Paris-based agency forecast global demand for natural gas will rise by 140 billion cubic meters […]

Europe Finance World

NATO poised to sign accession protocols for Sweden, Finland

Editorial Bureau July 5, 2022

Brussels(Belgium)- The 30 NATO allies are set to sign off on the accession protocols for Sweden and Finland on Tuesday, sending the membership bids of the two nations to the alliance capitals for legislative approvals. The move will further increase Russia’s strategic isolation in the wake of its invasion of neighbouring Ukraine in February and […]

Business Finance UK

Go-slow fuel price protest in UK causes tailbacks on M54

Editorial Bureau July 4, 2022

A fuel protest on the M54 involving hauliers and business owners got underway on the M54 on Monday morning. London(UK)- The group met at Shifnal Services at 6 am to galvanise drivers into a convoy. Travelling on the M54 to junction 1 and then coming back to the services. The protest was one of many […]

Business Finance IN UK 01

Germany, Ireland slam UK move toward overriding Brexit deal

Editorial Bureau July 4, 2022

London (UK)- Germany and Ireland have condemned the U.K government’s move towards unilaterally rewriting parts of the post-Brexit deal with the European Union. German Foreign Minister Annalena Baerbock and Irish counterpart Simon Coveney said there was “no legal or political justification” for overriding the agreed trade rules in Northern Ireland. Writing in the British

Asia Finance World

With no fuel and no cash, Sri Lanka keeps schools closed

Editorial Bureau July 3, 2022

Colombo (Sri Lanka)- Cash-strapped Sri Lanka on Sunday extended school closures for one week because there isn’t enough fuel for teachers and parents to get children to classrooms, and the energy minister appealed to the country’s expatriates to send money home through banks to finance new oil purchases. A huge foreign debt has left the […]

Articles Finance IN UK 01

Cross-sector action needed as criminal gangs steal more than £1.3 billion

Editorial Bureau June 30, 2022

Over £1.3 billion was stolen by criminals through authorised and unauthorised fraud in 2021   Criminals continued to take advantage of the pandemic last year by impersonating a range of organisations to commit fraud  UK Finance reiterates calls for cross-sector action to target the criminals responsible   UK Finance today releases its latest fraud report covering 2021.

Asia Finance World

Gas lines and scuffles: Sri Lanka faces humanitarian crisis

Editorial Bureau June 29, 2022

Colombo(Sri Lanka)- Ordinary Sri Lankans — especially the poor — are paying the price. They wait for days for cooking gas and petrol — in lines that can extend more than 2 kilometres (1.2 miles). Sometimes, like Chamila Nilanthi, they go home with nothing. Chamila Nilanthi is tired of all the waiting. The 47-year-old mother […]

Europe Finance World

NATO chief: Alliance faces biggest challenge since WWII

Editorial Bureau June 29, 2022

Madrid(Spain)- NATO leaders were sitting down Wednesday to try to turn an urgent sense of purpose triggered by Russia’s invasion of Ukraine into action — and to patch up any cracks in their unity over money and mission. Secretary-General Jens Stoltenberg said the alliance was meeting in Madrid “in the midst of the most serious […]

Finance IN UK 01

G7 leaders wrap up summit meant to bolster Ukraine support

Editorial Bureau June 28, 2022

Elmau(Germany)- The G7 leaders of developed economies on Tuesday wrapped up a summit intended to send a strong signal of long-term commitment to Ukraine’s future, ensuring that Russia pays a higher price for its invasion while also attempting to alleviate a global hunger crisis and show unity against climate change. The leaders of the U.S., […]