In order to conserve money, Britons are buying less meat, fish, and poultry as the cost of living rises. According to market research firm NielsenIQ, volume sales of meat, fish, and poultry fell 13% year over year in the four… Read More ›
Day: May 4, 2022
BP Reports Soaring Profits Amid Growing Calls For Windfall Tax
After oil and gas prices skyrocketed, BP’s profits for the first three months of this year more than doubled. The energy behemoth posted an underlying profit of $6.2 billion, up from $2.6 billion in the previous quarter and well ahead… Read More ›
EU bans 3 Russian state-owned broadcasters as part of 6th sanction package
On Wednesday, in a significant development, European Commission President Ursula von der Leyen told EU lawmakers in Strasbourg, the EU will ban three Russian state-owned broadcasters as part of its sixth sanctions package. “They will not be allowed to distribute… Read More ›
ECB may raise interest rates in July to check extreme high inflation: board member
In an interview to German newspaper Handelsblatt, Isabel Schnabel, a board member on the European Central Bank said, the ECB may have to raise interest rates as early as July to stop “extremely high” inflation from getting entrenched. In March,… Read More ›
Risk of default by big US banks high: Wall Street
In a significant development, fears over the Federal Reserve’s aggressive moves to tame inflation might tip the economy into recession have pushed up costs to insure bonds of Goldman Sachs, Morgan Stanley and Citigroup, which have hit a two-year high. Following… Read More ›
US companies may have to disclose impact of Ukrainian war: SEC
In a statement the US Securities and Exchange Commission said its Division of Corporation Finance has told companies to disclose the impact of Russia’s invasion of Ukraine on their business, including nationalization of assets. In a guidance posted on its website, the… Read More ›
Twitter may charge nominal fee for commercial and government users: Elon Musk
In a significant development Elon Musk said, Twitter Inc will always be free for casual users but may charge a nominal fee for commercial and government users. “Twitter will always be free for casual users, but maybe a slight cost for… Read More ›
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