While the wholesale price index (WPI) inflation accelerated to an all-time high of 15.9%, consumer price index (CPI) inflation moderated to 7%. While the cut in excise duty on petrol and diesel helped to moderate CPI fuel inflation to 9.5% in May as compared to 10.7% in April, fuel inflation in WPI increased to a […]
Travel sells itself. It’s in our human nature to connect with others, especially after being locked down during a pandemic. We all know that every plane has a seat, every hotel has a bed and there’s so much choice! So why would you need additional support? Well, in conversations with our prospective clients earlier this […]
The UK government is ending the last remaining subsidies for electric cars, arguing it will free up funds to expand the charging network and support other battery-powered vehicles. In a controversial move, the government has closed the £300m plug-in car grant scheme to new orders on Tuesday, the Department for Transport said. The main industry […]
Almost nine-in-ten UK banks or financial services organisations have lost out on green trade finance opportunities, compared with only 56% in Switzerland, new research reveals. With pressure from governments and international bodies for the global trade finance system to incentivise carbon-reduction and sustainability, 90% of financial organisations in Switzerland and 96% in the UK say […]
Furious locals won a landslide victory last night in the first round of a campaign to purge a seaside town of second home and holiday cottage owners. Huge queues former outside polling stations yesterday as Whitby residents voted to end second home ownership in the North Yorkshire resort. Of the 2,228 votes cast, just under […]
Boris Johnson will later publish plans to scrap parts of the post-Brexit deal he struck with the EU in 2020. The PM wants to change the Northern Ireland Protocol to make it easier for some goods to move between Britain and Northern Ireland. But the EU is against the move, saying it would break international […]
TAIPEI — Controlling inflation is not only about interest rate rises and all government departments regularly discuss what other policies to take, Taiwan Economy Minister Wang Mei-hua said on Tuesday, with the pace of price increases at a near 10-year high. Read More
Elon Musk will speak to Twitter Inc employees this week for the first time at a company-wide meeting since launching his $44 billion bid in April, a source said on Monday, citing an email from Twitter Chief Executive Parag Agrawal to staff. Read More
SEOUL — Samsung Electronics’ semiconductor production in China is facing disruption from South Korean truckers blocking exports of a key chip-making material as part of a strike, the Korea International Trade Association (KITA) said on Tuesday. Read More
TOKYO — Japanese Finance Minister Shunichi Suzuki said on Tuesday he was concerned about recent rapid yen weakening as the currency slid to 24-year lows to the dollar. Read More