Pay rises could fall behind inflation by almost 8% later this year, marking the biggest fall in real wages for 100 years, according to analysis by the TUC. The TUC said a prediction by the Bank of England that inflation would jump to 13% in the fourth quarter of this year at a time when […]
BT has announced Barclaycard Payments as the latest business to join its new partnership network, aimed at helping the UK’s smallest firms to grow. Barclaycard has signed up to BT’s partnership network, following The Federation of Small Businesses (FSB), with the aim of delivering a host of benefits for small firms over the next year. […]
If the growth in imports is any indicator of quality, then grapes (both in their liquid and natural form) from the Western Cape are among the best in the world. Over the 2020/21 reporting period, the UK imported 16% more wine products and 15% more grapes than they did the year before. This is according […]
Breadcrumb Trail Links PMN Business European natural gas prices headed for a fourth week of gains as the region braces for an even deeper supply crunch over the winter that could push major economies into recession. Author of the article: Bloomberg News Verity Ratcliffe Tour boats on the Spree river next to the Mitte Combined […]
The Government has unveiled a consultation, hoping to attract industry views on how to support the development of biomass powered carbon capture projects in the UK over the next decade. The combination of biomass energy – derived from sustainable plant material – and carbon capture is known as BECCS (Bioenergy with Carbon Capture and Storage.) […]
The UK economy contracted by 0.6 in June and shrank 0.1 per cent between April and June, compared to growth of 0.8 per cent in the previous three months, the Office for National Statistics said this morning. Commenting on the gross domestic product (GDP) figures that showed a 0.1 per cent contraction in the second […]
Article content BEIJING — A hacker has claimed to have obtained the personal information of 48.5 million users of a COVID health code mobile app run by the city of Shanghai, the second claim of a breach of the Chinese financial hub’s data in just over a month. The hacker with the username as “XJP” […]
Article content MOSCOW — Russia’s pipeline monopoly Transneft said on Friday that payment for oil transit to the Czech Republic has reached the bank and that confirmation from Ukraine is expected, Russian state-owned news agency RIA reported. Ukraine on Aug. 4 suspended transit shipments to Europe after Western sanctions on Russia prevented it from receiving […]
Breadcrumb Trail Links PMN Business Here’s the key business news from London-listed companies this morning. Author of the article: Bloomberg News Charles Capel and Leonard Kehnscherper Publishing date: Aug 12, 2022 • 10 minutes ago • 2 minute read • Join the conversation Article content (Bloomberg) — Here’s the key business news from London-listed companies this […]
Article content TOKYO — Japan’s Mazda Motor Corp said on Friday it would ask its parts suppliers to increase stockpiles in Japan and produce components outside China after COVID-19 lockdowns in Shanghai destabilized supply and hampered production. The request from the Hiroshima-based automaker underscores the vulnerability of sprawling supply chains that have been tested by […]