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As the planet heats up, global economic concerns cool – but the environmental crisis continues to escalate, highlighting the urgent need for sustainable change. First, there was the pandemic. Then came the war in Ukraine. And now, the next major threat to global stability could be the climate crisis. Last week, the world recorded its...
Revised GDP Figures Show Contraction in Early 2023, Deepening Recessionary Concerns Amid High Inflation The eurozone has officially entered a recession, with GDP figures revised to show a contraction of 0.1% in both the first quarter of 2023 and the final three months of 2022. This marks two consecutive quarters of negative growth, which is...
Following the collapse of Silicon Valley Bank, regulators step in to protect depositors, as another bank, Signature, also shuts down. On Sunday evening, US financial regulators announced emergency measures to prevent further financial instability after Silicon Valley Bank’s collapse. The key step was ensuring that all depositors at the failed bank would have immediate access...
Following the collapse of Silicon Valley Bank, regulators step in to protect depositors, as another bank, Signature, also shuts down. On Sunday evening, US financial regulators announced emergency measures to prevent further financial instability after Silicon Valley Bank’s collapse. The key step was ensuring that all depositors at the failed bank would have immediate access...
Travel, Healthcare, and Education Hit by Ongoing Industrial Disputes The UK government has warned that tomorrow will see significant disruptions across various sectors, as a series of large-scale strikes are scheduled to take place. These strikes, which include action from key public services such as transport, healthcare, and education, are expected to severely impact the...
European Commission revises economic outlook downward due to rising energy prices and war-related disruptions. The European Commission has significantly downgraded its growth projections for the EU, cutting the forecast from 4% to 2.7% for 2022. The revision follows the escalation of the Russia-Ukraine conflict, which has caused a sharp increase in energy prices and inflation,...
UK stock market rebounds after pandemic shocks, driven by vaccines, government stimulus, and economic optimism. The FTSE 100 has recorded its strongest performance since 2016, with a remarkable 14.3% increase in 2021, recovering from the severe impact of the Covid-19 pandemic in 2020. The index closed the year at 7,384 points, up from 6,460 points...
With inflation soaring, could revisiting price controls, as done after WWII, provide a solution today? Inflation is nearing a 40-year high, and while central banks globally have pledged intervention, one major driver of rising prices remains largely ignored: the surge in corporate profits. In 2021, US non-financial companies saw profit margins not seen since the...
Brexit-related regulations introduce additional costs and checks for cross-border operators From May, UK van drivers will need to obtain international operating licences to travel to the EU and other European Economic Area countries, the government has announced. The new regulation marks another layer of Brexit-related bureaucracy, affecting drivers of vans, light commercial vehicles, and cars...
vAs energy costs rise, the European Union explores forming a “strategic reserve” of natural gas to counter future crises. Amid soaring energy prices that have driven up household and industrial costs across Europe, the European Union is considering a coordinated response through a collective purchase of natural gas. One proposal under consideration by the European...