Tag: UK

June 10, 2022

A survey carried out by the Office for National Statistics (ONS) revealed that 52% of Britons are using less gas and electricity in a bid to cut down costs. The poll, carried out between 25 May and 5 June, also […]

June 8, 2022

Airlines in the UK and across Europe have been struggling to keep up with demand as travel returns to normal for many holiday destinations for the first time since the beginning of the COVID-19 pandemic and prices have shown “low […]

March 11, 2022

British and European regulators threatened to crack down on Google and Facebook parent Meta over an agreement for online display advertising services, saying Friday that the deal may breach rules on fair competition. The fresh scrutiny in Europe, which has […]

March 3, 2022

The UK uses relatively little Russian gas, but it still accounts for about 6% of total imports, and about 4% of UK gas demand, having risen from almost none in 2017, according to analysis of government data by the Energy […]

February 9, 2022

With price inflation at multi-decade highs in the UK – as well as in other big economies, including the US and Germany – the issue has shot to the top of the policy agenda. Central bankers are under attack for […]

January 18, 2022

Britain’s payments regulator on Tuesday fined five payments companies including Mastercard a total of 33 million pounds ($45.01 million) for cartel behaviour involving prepaid cards issued to vulnerable people on welfare benefits. Mastercard received the largest fine of 31.56 million […]

November 17, 2021

UK shoppers will soon no longer be able to use their Visa-issued credit cards to pay for purchases on Amazon. The ecommerce giant has said it will stop accepting Visa credit cards within the next few months as it looks […]

August 26, 2021

Just 53,438 vehicles rolled off production lines in Britain, down by 37.6% on last year, according to the Society of Motor Manufacturers and Traders (SMMT). It represented the worst July performance since 1956, the SMMT said. Manufacturers were forced to […]

June 17, 2021

The move comes ahead of the expected UK launch of JP Morgan’s new digital bank, Chase, later this year. It follows the launch in Britain by Goldman Sachs, three years ago, of its digital savings bank Marcus. This proved so […]

February 11, 2020

Britain’s economy saw zero growth in the final quarter of last year as manufacturing shrank heading into the country’s general election that unlocked Brexit, official data showed Tuesday. “There was no growth in the last quarter of 2019 as increases […]

July 22, 2019

Oil prices surged on Monday as traders braced for potential supply disruptions following Iran’s seizure of a British-flagged oil tanker last week. The Iranian Revolutionary Guard captured the Steno Impero in the Strait of Hormuz on Friday. Tehran has signaled […]

January 24, 2017

Microsoft could axe plans to expand its UK data centres if tariffs are introduced after Britain leaves the European Union, a senior UK employee has said. Speaking in an online event about what Brexit means for tech, Microsoft UK government […]

December 6, 2016

The City of London will not be given any special treatment during the UK’s Brexit negotiations and the government is ready to let businesses leave, senior figures in the City have reportedly been told. The Daily Telegraph reported on Monday […]

December 30, 2015

Eric Schmidt, the former boss of Google and the now-executive chairman of Google’s parent company Alphabet, says Britain beats the US when it comes to e-commerce. Schmidt told BBC Radio 4’s Today programme that Britain’s “right regulatory environment” as well […]