TAG: uk
Market Insights Podcast – US and UK inflation ahead, bitcoin nears $50,000
OANDA Senior Market Analyst Craig Erlam joins Jonny Hart to preview the big events over the next couple of days, and discuss the latest moves in oil and bitcoin. Content is for general information purposes only. It is not investment advice or a solutio...
7 months ago
Europe’s new energy risk: Trading Russia for America
On cloudy days, from his house John Beard can see the fireballs lighting up the dark sky, flares from the distant fossil fuel plants where he once made his living as a technician.The fiery discharge of excess gas is a constant reminder of the industry tha...
6 months ago
UK inflation eased to 3.4 percent in February, but services remain a problem
U.K. inflation fell by more than expected to its lowest level since September 2021 in February, with a further easing of food prices leading the way.The consumer price index rose by 0.6 percent from January and was up 3.4 percent from a year earlier, acco...
6 months ago
Rishi Sunak’s Brexit trade agenda is faltering. Are the Gulf states his last hope?
LONDON — On the Red Sea coast at the northwest tip of Saudi Arabia, plans for an outlandish £400 billion ‘mega-city’ featuring an artificial moon and flying taxis are starting to take shape.While far from completion, the enigmatic project — known as NEOM...
6 months ago
UK to quit energy treaty that ‘penalizes’ net zero
LONDON — The U.K. will leave an “outdated” international energy treaty after ministers concluded it could stymie efforts to achieve net zero carbon emissions by 2050.Energy Minister Graham Stuart will confirm on Thursday that the U.K. is following several...
6 months ago
Court dismisses traders’ appeal to overturn convictions for rate rigging
LONDON — Britain's Court of Appeal on Wednesday dismissed an attempt by two former traders to overturn their convictions for interest rate rigging in the lead up to the global financial crisis in 2008.Tom Hayes, a former Libor trader at Swiss bank UBS, wa...
6 months ago
Western allies split over how to make Putin pay
BRUSSELS — America and Europe can’t agree over how far they should go in forcing Russia to pay to rebuild Ukraine. One suggestion, not so long ago dismissed on both sides of the Atlantic as pie in the sky, is now gaining serious momentum — and causing ser...
6 months ago
Ukrainians are still waiting for Abramovich’s billions
LONDON — More than £2 billion was promised to Ukrainian war victims thanks to the forced sale of Chelsea Football Club.It was to be the largest nongovernmental aid package Europe had ever seen, but nearly two years on and not a penny from the record-break...
6 months ago
Nigel Farage’s new party wants net zero to be center stage at UK general election
LONDON — Nigel Farage has made immigration a central issue at numerous U.K. elections. This year he hopes to repeat the trick with climate change policy.Farage’s right-leaning Reform UK party plans to make scrapping Britain's ambitious climate targets cen...
6 months ago
British consumers are being asked to defy gravity again
Simon Wolfson, chief executive officer of Next Plc, said recently that he had not been this optimistic about the retailer’s outlook for seven years. Then this week, Ken Murphy, CEO of Tesco Plc, said he was seeing a “gentle improvement” in consumer sentim...
6 months ago
UK Energy Minister Graham Stuart quits government ahead of election
LONDON — Energy Minister Graham Stuart has stepped down from his role at the Department for Energy Security and Net Zero.Stuart announced his decision to return to the backbenches on Friday afternoon, ending a ministerial career that spanned eight years.H...
6 months ago
UK rejects European Parliament’s claim Gibraltar is undermining Russian sanctions
STRASBOURG — The U.K. government said it was “extremely disappointed” after the European Parliament accused Gibraltar of undermining sanctions against Russia in a vote to keep the territory on the EU’s money-laundering watchlist.A strong majority of 490 M...
5 months ago
UK slams MEPs for saying Gibraltar is undermining Russian sanctions — and calling it a ‘colony’
STRASBOURG — Britain reacted with fury after European lawmakers accused Gibraltar of making it easy for Russia to exploit sanctions loopholes and branded the territory a "colony."The spat, just the latest chapter in the centuries-old saga of the tiny Medi...
5 months ago
UK will be worst-performing G7 economy in 2025, OECD forecasts
The U.K. will be the worst performing G7 economy next year as high interest rates and restrictive fiscal policy hampers medium to long-term economic growth, the Organisation for Economic Cooperation and Development (OECD) has predicted. In its annual asse...
5 months ago