Finance

Eurozone inflation hits record 8.1% amid rising energy costs

Editorial Bureau May 31, 2022

London(UK)- Eurozone inflation hit a record 8.1% in May amid surging energy and food costs fueled in part by Russia’s war in Ukraine. Annual inflation in the 19 countries that use the euro currency soared past the previous record of 7.4% reached in March and April, according to the latest

Europe Finance

EU agrees on compromise deal on banning imports of Russian Oil

Editorial Bureau May 31, 2022

European Council leaders have agreed on a plan to block more than two-thirds of Russian oil imports. Brussels(Belgium)- European Council chief Charles Michel said the deal cut off “a huge source of financing” for the Russian war machine. It is part of the sixth package of sanctions approved at a summit in Brussels, which all […]

Finance

Asian stocks rise after Wall Street broke a string of declines

Editorial Bureau May 30, 2022

Beijing (China)- Asian stocks rose Monday after Wall Street rebounded from a seven-week string of declines. China eased anti-virus curbs on business activity in Shanghai and Beijing. Shanghai, Tokyo, Hong Kong and Sydney advanced. Oil rose more than $1 per barrel to stay above $110. On Wall Street, the benchmark S&P 500 index finished Friday up 6.6% […]

Finance World

US wins latest legal battle to seize Russian superyacht in Fiji; alleged to be owned by Suleiman Kerimov

Editorial Bureau May 27, 2022

Wellington(New Zealand)- The U.S. won the latest round of a legal battle to seize a $325 million Russian-owned superyacht in Fiji on Friday, sending the case to the Pacific nation’s highest court. The case has highlighted the difficult legal terrain on which the United States finds itself as it attempts to seize the assets of […]

Finance World

Germany: G-7 nations can lead the way in ending the use of coal

Editorial Bureau May 26, 2022

Berlin (Germany)- Germany’s energy and climate minister said Thursday that the Group of Seven wealthy nations can lead the way in ending the use of coal. A heavily polluting fossil fuel that’s responsible for a large chunk of global greenhouse gas emissions. Senior officials from the G-7 countries are holding a three-day meeting in Berlin […]

Business Finance UK

Windfall tax on energy companies; Rishi Sunak to set out a new cost of living crisis plan

Editorial Bureau May 26, 2022

Chancellor Rishi Sunak is expected to bow to pressure to impose a windfall tax on energy companies He sets out the government’s latest plan to tackle the cost of living crisis later. London(UK)- The government plan to impose a windfall tax on oil and gas companies. Which have benefited from global price rises, and are […]

Europe Finance World

Delegations from Sweden and Finland; An effort to overcome Turkey’s objections

Editorial Bureau May 25, 2022

Ankara (Turkey)-Delegations from Sweden and Finland were scheduled on Wednesday to hold talks in Ankara with senior Turkish officials to overcome Turkey’s objections to their historic bids to join the NATO alliance. Sweden and Finland submitted their written applications to join NATO last week in a move that marks one of the most significant geopolitical […]

Articles Finance

Business Experts Debate; The Transformation of the workplace

Editorial Bureau May 23, 2022

As businesses are finding getting workers back in the office – where is it going so wrong and why are businesses facing a personnel backlash?Is remote and hybrid working hampering the success of businesses, or has there been a surge in productivity and retention of employees?A leading panel of experts will be debating this in […]

Finance World

“US economy has problems”- Biden after talks with Fumio Kishida

Editorial Bureau May 23, 2022

Biden launched a trade agreement with Indo-Pacific nations and warned US economy about inflation. Tokyo(Japan)- President Joe Biden launched a new trade agreement with 12 Indo-Pacific nations on Monday. Warning Americans concerned about high inflation that it would be “a haul” before they felt relief. The president stated that an economic downturn in the United

Finance

Final-hour rally yanks Wall Street from the maw of a bear market

Editorial Bureau May 21, 2022

New York (USA)- Wall Street rumbled to the edge of a bear market Friday after another drop in stocks briefly sent the S&P 500 more than 20% below its peak set early this year. The S&P 500 index, which sits at the heart of most workers’ 401(k) accounts, was down as much as 2.3% for the day […]