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Sunday, May 29, 2022
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Windfall tax 'damaging' for net zero plans and energy security, businesses say
The Confederation of British Industry says the chancellor's windfall tax will hurt the UK's net zero ambitions - but climate groups disagree.
Sunak unveils £21bn package and U-turns on windfall tax to help Britons 'hit hard' by cost of living surge
The chancellor's measures will be partly paid for by £5bn raised from a levy on oil and gas companies - a U-turn after the government had initially resisted Labour calls for a windfall tax.
World Bank boss warns over global recession
The head of the World Bank has warned that Russia's invasion of Ukraine could cause a global recession as the price of food, energy and fertiliser jump.
China Opens Exchange Bond Markets to Overseas Investors
China will allow foreign institutional investors to trade bonds on its smaller exchange market in its latest step to attract more capital inflows by opening its financial markets, after a record selloff of Chinese holdings by foreign inv...
Hong Kong seeks to revive global banking status with major summit
Hong Kong's central bank plans to hold a major conference in November it hopes will draw global banking bosses, sources said.
US economy shrank by 1.5% in the first three months of 2022
But US consumers and businesses kept spending at a solid pace, according to government data released Thursday.
Why Gen Z workers are already so burned out
The youngest employees are already feeling pressured and exhausted – even in the earliest stages of their careers.
JD Sports founder Peter Cowgill ousted 'with immediate effect'
Sky's Ian King says the City has been shocked by Mr Cowgill's sudden departure despite a string of negative headlines and criticism he had too much control of the FTSE 100 company.
South Africa: No need for mass monkeypox immunisation – experts
The African continent has not recently recorded any confirmed or suspected of cases of monkeypox, unlike Europe and the United States.
Police raid leaves at least 22 dead in Rio de Janeiro
At least 22 people have died in the bloody aftermath of a raid carried out by Rio de Janeiro's military police on Tuesday.
Sue Gray partygate report: The key findings at a glance
A senior civil servant's highly anticipated report on lockdown gatherings held in and around Downing Street has been published in full.
How can the PM sleep with 'blood on his privileged, filthy hands', asks Labour MP
Labour MP for Middlesbrough Andy McDonald asked the Prime Minister "how on earth does he sleep at night with so much blood on his privileged, filthy hands", referencing deaths from COVID and the future impact of the cost of living crisis.
Monkeypox: Can it be treated and how worried should we be?
Dr Khan looks at the new outbreak of an old virus that has been detected in about a dozen countries in two weeks.
Powell: ‘Soft’ economic landing may be out of US Fed’s control
Powell has portrayed the Fed’s drive to raise interest rates as consistent with a so-called ‘soft landing’ for the United States economy.
While Boris Johnson partied, I helped a child put on PPE to see his dying dad
NHS doctors were grateful to the public who followed Covid rules. The PM’s glass of wine has been thrown in all our faces, says palliative care doctor Rachel Clarke
Davos is back and the world has changed. Have the global elite noticed?
The last time top politicians, CEOs and billionaires gathered in a Swiss mountain village to discuss society's biggest problems and pitch their solutions, the coronavirus outbreak in China was little more than a remote threat. The econom...
Davos is dead
Amid a pandemic and a cost of living crisis, the people have no patience left for the virtue signalling of the Davos set.
Cost of living: Bank of England chief hits back at criticism it has 'stoked inflation'
Andrew Bailey uses a speech to reject criticism from predecessor Lord King in an interview with Sky News that the Bank, and others, were guilty of a mistake that amounted to a "failure of the economics profession".
Downing Street says it instigated Sue Gray meeting about party report
The civil servant is expected to publish her findings on lockdown breaches in government within days, after having secret dubious meeting with Boris Johnson.
Boris Johnson pictured drinking at No 10 lockdown event
Boris Johnson has been pictured drinking at an event in Downing Street during lockdown.
Germany is keen to pursue gas projects with Senegal, says Scholz
Germany wants to intensively pursue gas and renewable energy projects with Senegal, Chancellor Olaf Scholz said on Sunday during his first trip to Africa, against the backdrop of the war in Ukraine and its impact on energy and food prices.
Dubai charity to cooperate with WEF to establish platform for Food Innovation Hubs
As per an agreement signed between MBRGI and WEF, Dubai will be the international headquarters for the annual meeting of the Food Innovation Hubs
Tesla is back to ramping up Gigafactory Shanghai to new production records
Tesla is back to ramping up production at Gigafactory Shanghai. The automaker could reportedly be back to pre-shutdown level as soon as tomorrow and plans to ramp up to new records later this week.
92 Monkeypox Cases Now In 12 Countries
Monkeypox Cases: As of Saturday, 92 confirmed cases and 28 suspected cases of monkeypox have been reported from 12 member states that are not endemic for the virus, the World Health Organization said.
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