The average gasoline price in the US skyrocketed to a record high of $4.58 last week. But consumers shouldn’t expect relief anytime soon, as an array of global market forces appear likely to maintain the upward momentum. Presented by @CME Group: https://www.cmegroup.com/openmarkets/economics.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights
President Joe Biden on Monday was greeted by Japan’s Prime Minister Fumio Kishida in Tokyo. Biden is in the midst of a five-day visit to South Korea and Japan — the first trip to Asia of his presidency — that wraps on Tuesday. ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, […]
The head of the Trades Union Congress has written to the Insolvency Service calling for it to disqualify the directors of P&O Ferries after they sacked nearly 800 crew without notice. In a letter seen by the Guardian, Frances O’Grady, the TUC’s general secretary, said the Insolvency Service should “initiate disqualification proceedings against the directors […]
The UK’s data watchdog has fined a facial recognition company £7.5m for collecting images of people from social media platforms and the web to add to a global database. US-based Clearview AI has also been ordered to delete the data of UK residents from its systems by the Information Commissioner’s Office (ICO). Clearview has collected […]
Greeting card giant Moonpig has announced the proposed acquisition of Buyagift, the gift experiences platform, for £124m. The acquisition accelerates Moonpig’s strategy of becoming a leader in the gifting market, and gives them entry into the £6bn experiences segment. Buyagift is the UK’s leading gift experiences platform with the number one and number three brands […]
The prices of parcels and stamps are likely to rise again as Royal Mail tries to cover higher costs, including wages, energy and fuel expenses. The firm said it would try to “mitigate” the costs through “price increases and growth initiatives”. Earlier this year, the firm hiked first class stamp prices by 10p to 95p […]
UK digital lender Atom Bank is eyeing up a listing in New York in what will be a major blow to London’s efforts to promote itself as a premier destination for tech IPOs. Durham-headquartered Atom, founded in 2013 by Mark Mullen, is set to float in New York via a £700m merger with a special […]
OSLO — The latest postponement of production at Norway’s Hammerfest LNG plant was due to the need for final tests on a compressor that has been repaired, operator Equinor said on Sunday. Read More