ECONOMY

The Telegraph has reached a record 740,000 subscribers as profits grow

The Telegraph has reached a record 740,000 subscribers as profits grow

Telegraph Media Group reached a record 740,000 paying subscribers and made a 25 percent jump in pre-exceptional operating profit, the company said today. Digital subscription growth remains strong, driven by large investments in journalism and technology and strong interest in the Russian invasion of Ukraine, British politics, the cost of living crisis, financial news and …

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British railway workers voted for a nationwide strike

British railway workers voted for a nationwide strike

Britain is facing summer travel chaos after railroaders voted for a nationwide strike in a labor and pay dispute. The RMT union said Tuesday night that the vote was “the biggest support of the protests since privatization,” after more than 40,000 members voted in favor of the Network Rail infrastructure operator and 15 train companies. …

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Ukrainian soldiers captured at the Azovstal factory in “satisfactory” conditions

Ukrainian soldiers captured by Russian forces after the three-month siege of the Azovstal steelworks are being held in “satisfactory” conditions amid uncertainty about the fate of the prisoners, according to the unit commander’s wife. Denys Prokopenko, commander of the Azov Battalion, could briefly call his wife Kateryna, who said she was also told that the …

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US Rep. Ilhan Omar (D-MN) (L) talks with Speaker of the House Nancy Pelosi (D-CA) during a rally with fellow Democrats before voting on H.R. 1, or the People Act, on the East Steps of the US Capitol on March 08, 2019 in Washington, DC. (AFP photo)

Europe is accepting Russia’s demands for gas payments to avoid further outages

According to a new report, European energy companies have agreed to Russian President Vladimir Putin’s demands for gas payments to “avoid further gas outages”. The companies have agreed to abide by a special mechanism set up by Russia to allow them to settle gas payments, as a result of the European Union’s strict policy of …

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An LNG tanker arrives in Japan from the United States. Pic: AP

Cost of living: West reaps consequences of “demonizing oil and gas companies”, says Qatari minister

Western countries that have “demonized oil and gas companies” for years, pushed for a rapid cessation of fossil fuel production and called producers “bad people” are now reaping the consequences, Qatari Energy Minister Sky News said. In an exclusive interview, Saad told Sherid Al-Kaabi the main causes of this recent increase in gas and energy …

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Qatar is committed to investing £ 10 billion in the UK over the next five years

Qatar is committed to investing £ 10 billion in the UK over the next five years

Qatar has pledged to invest £ 10bn in the UK, including technology, healthcare, infrastructure and the clean energy sectors, as the British government intensifies its efforts to attract oil-rich sovereign wealth fund investments from the Gulf states. Sheikh Mohammed bin Abdulrahman Al-Thani, Gulf Foreign Minister, told the Financial Times that funds would be channeled through …

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The invasion of Ukraine may be the beginning of a “third world war,” says George Soros

The Russian invasion of Ukraine threatens to be the “beginning of World War III”, which could mean the end of civilization, warned veteran philanthropist and former financier George Soros. In a fierce attack on Vladimir Putin and China’s Jin Jinping at the World Economic Forum in Davos, Soros warned that autocratic regimes were on the …

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Globalization is approaching and it is a big red flag

Globalization is approaching and it is a big red flag

“Fragmentation” refers to the collapse of the kind of free movement, trade and cross-border investment that has defined the global economic order over the last three decades. It is a form of deglobalization – the reconstruction of fences around national or regional fiefs. “Fragmentation feels like our economies may be protecting themselves a little more …

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China's dominance of critical minerals can be as dangerous to Europe as Russia's energy weapon

China’s dominance of critical minerals can be as dangerous to Europe as Russia’s energy weapon

Lithium carbonate prices have increased almost tenfold this year. Cobalt grew by 150% and nickel futures almost doubled. The IEA estimates that “cathode materials” in battery packs for electric vehicles have jumped from 5 to 20% of total costs in less than a decade. NATO Secretary General Jens Stoltenberg issued equally harsh warnings in Davos …

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We can’t all get out of the cost of living crisis Letters

The government’s response to the cost-of-living crisis is largely long-term and does not respond to the immediate and desperate situations of the people in greatest need (Boris Johnson emphasizes work as a solution to the cost-of-living crisis, May 22). Many have incomes below the tax threshold and therefore will not benefit from any income tax …

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