United Kingdom
Oil giant Shell posts $6 billion profit beat, launches new share buyback program
The Shell logo is displayed outside a petrol station in Radstock in Somerset, England, on Feb. 17, 2024. Matt Cardy | Getty Images News | Getty Images British oil giant Shell on Thursday posted a small year-on-year drop to a stronger-than-expected third-quarter profit, partly owing to a sharp drop in crude prices and to lower […]
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Why ‘sin taxes’ could play a significant role in Britain’s high-stakes budget
Britain’s Prime Minister Keir Starmer meets with Britain’s Chancellor of the Exchequer Rachel Reeves, two days before the announcement on the first budget of the new Labour government, at Downing Street, in London, on October 28, 2024. Hollie Adams | Afp | Getty Images Britain’s Labour government appears poised to raise “sin taxes” in its […]
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British oil giant BP posts weakest quarterly earnings in nearly four years on lower crude prices
British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024. Nurphoto | Nurphoto | Getty Images British oil major BP on Tuesday reported its weakest quarterly earnings in nearly four years, weighed down by a slump in crude prices and lower refining margins. The energy firm posted underlying replacement […]
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Britain announces major change to fiscal rules to free up billions in spending
Britain’s Finance Minister Rachel Reeves has pledged to make the “necessary”, “urgent” and “incredibly tough” choices to restore the country’s economic stability. Pool | Getty Images News | Getty Images U.K. Finance Minister Rachel Reeves on Thursday confirmed she intends to change the country’s fiscal rules in the October budget, a move designed to free […]
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‘She doesn’t stop talking’: How extroverts unknowingly irritate fellow travelers
My husband — a brooding New Yorker, polite and tolerant of much — broke on the seventh day of our family vacation. “She doesn’t stop talking,” he said. The “she“ is my mother — a bubbly Midwesterner — who can hold court in a room of strangers with the deftness of a small-town politician at […]
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Russia is on a ‘sustained mission’ to create mayhem on Europe’s streets, UK spy chief says
MI5 Director General Ken McCallum. Danny Lawson – Pa Images | Pa Images | Getty Images The head of Britain’s domestic spy agency on Tuesday accused Russian military intelligence of being on a “sustained mission” to cause mayhem in Britain and Europe. In a rare public speech from MI5’s counter-terrorism operations center in London, MI5 […]
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‘Golden Week’ bookings show Chinese travel preferences are evolving
Outbound travel from China is set to receive a much-anticipated jolt as “Golden Week” bookings show changes in where and why Chinese people are traveling. Buoyed by falling airfares, Chinese travelers are booking more overseas trips for the National Day holiday period, which extends from Oct. 1 to 7, according to Fliggy, a major travel […]
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Britain’s Rightmove rejects $8.1 bln sweetened bid from Australia’s REA Group
The Rightmove Plc app on an App Store page on a smartphone arranged in London, UK, on Monday, Sept. 2, 2024. Bloomberg | Bloomberg | Getty Images British real estate portal Rightmove on Wednesday rejected a sweetened $8.1 billion takeover proposal from Australian property listing firm REA Group, saying the bid undervalued the company. “The […]
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It’s a big week for central banks around the world, with a slew of rate moves on the table
Federal Reserve Chair Jerome Powell announces interest rates will remain unchanged during a news conference at the Federal Reserves’ William McChesney Martin Building in Washington, D.C., on June 12, 2024. Kevin Dietsch | Getty Images A flurry of major central banks will hold monetary policy meetings this week, with investors bracing for interest rate moves […]
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U.S. supports two permanent UN Security Council seats for Africa, Reuters reports
The United States supports creating two permanent United Nations Security Council seats for African states and one seat to be rotated among small island developing states, U.S. Ambassador to the U.N. Linda Thomas-Greenfield will announce on Thursday. Eduardo Munoz | Reuters The United States supports creating two permanent United Nations Security Council seats for African states and one seat to be rotated among small island developing […]
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