ECONOMY

Rishi Sunak will announce an unexpected tax for energy companies

Rishi Sunak will push a button for a controversial unexpected tax for energy companies on Thursday as he sets out measures to alleviate the pain of rising household bills. The chancellor has confirmed that he will announce new support for people facing a cost-of-living crisis. The measures are expected to help the poorest households as …

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The Fed's minutes are here.  4 key topics to follow.

The Fed’s minutes are here. 4 key topics to follow.

You can read the minutes of the May meeting of the Federal Reserve System here. Read the preview below and return to further analysis. When the Federal Reserve publishes the minutes of its last political meeting on Wednesday, investors will take a deeper look at the monetary tightening considerations and officials’ views on the economy. …

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Anthony Albanese has severe economic problems on his plate. Here are seven of them

ANDAll the new governments face challenges, but the Albanian government faces some very unique economic challenges that no previous government has had to deal with in terms of the country’s governance. Let me explain. Migration and labor Last week, when the unemployment rate reached 3.9%, I wondered if people knew how weird things were in …

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Sunak decided to announce aid to the poorest to cope with the pressure on living costs

Sunak decided to announce aid to the poorest to cope with the pressure on living costs

Rishi Sunak will prepare a support package on Thursday to address the soaring cost of living. The chancellor is expected to reveal his plan as the government tries to draw the line behind the partygate dispute and focus on the pressure on living standards caused by soaring inflation. An unexpected tax on oil and gas …

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Putin raises Russian pensions, reduces Ukraine's impact on the economy

Putin raises Russian pensions, reduces Ukraine’s impact on the economy

Russian 100-pipe banknotes are placed at the cash register of a supermarket in the Siberian city of Tara in the Omsk region, Russia, on December 14, 2021. Picture taken on December 14, 2021. REUTERS / Alexey Malgavko / File Photo Register now and get FREE unlimited access at Reuters.com Register LONDON, May 25 (Reuters) – …

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Outage warning as thousands of gas workers go on strike due to wages

Outage warning as thousands of gas workers go on strike due to wages

Thousands of Cadent gas workers will go on strike in a pay dispute later this month. Approximately 2,000 members of the GMB Union will shut down the instruments for two days on Monday (May 30) and Tuesday (May 31). Union leaders have warned that the protest could lead to blackouts in households and businesses across …

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The war in Ukraine is difficult because Davos is shrouded in apocalyptic sentiment

TThe impact of the Russian invasion of Ukraine this year dominated the belated and lean World Economic Forum, but it took George Soros to express what many of those who traveled to the Swiss Alps thought. Davos would not have been Davos without the pitfalls of a 91-year-old philanthropist and former speculator, but the conflict …

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Ocado halves its growth forecast due to the cost of living crisis and returning to offices

Ocado warned that its revenue growth would be less than half the rate it had hoped for as the business was hit by a cost-of-living crisis and a return to office work and dining. The online grocery store, which is partly owned by Marks & Spencer, said it now expects growth of less than 5% …

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