ECONOMY

Volkswagen will hand over £ 2,000 to British drivers for the "dieselgate" scandal.

Volkswagen will hand over £ 2,000 to British drivers for the “dieselgate” scandal.

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Volkswagen has to pay thousands of British drivers more than £ 2,100 each for the “dieselgate” emissions scandal. The German carmaker will pay £ 193 million after settling a five-year legal battle over the use of illegal software in its cars to manipulate pollution data during tests. More than 91,000 drivers in England and Wales …

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

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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

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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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How Covid destroyed British railway finances and provoked the threat of a strike

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British rail passengers are preparing for a chaos-filled summer with thousands of workers set to leave in an expected biggest strike that will hit the network in 30 years as falling travel in Covid increases pressure on industry to cut costs and ax work. The vote of more than 40,000 railroaders returned what the RMT …

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In a leaked video, Apple’s vice president discourages retailers from joining unions

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Apple’s vice president of people and retail, Deirdre O’Brien, in an internal video that escaped, explicitly discourages employees from joining the unions. The Verge. “I’m afraid what it would mean to put another organization at the center of our relationship,” he says. “An organization that does not have a deep understanding for Apple or our …

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Feds Brainard: Fed talks about strong steps to reduce inflation | Forexlive

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This is Brainard from the Fed FOMC Board Member Lael Brainard spoke at the inauguration of the Johns Hopkins University School of Advance International Studies. She says: The Fed is taking strong action to reduce inflation High inflation Inflation Inflation is defined as the quantitative measure of the rate at which the average price level …

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

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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

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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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Home price deception: we are ignoring the signs of the crisis that are facing us

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Opinion Housing correspondent Overpriced housing can have devastating economic consequences and could even trigger a financial crisis May 25, 2022 5:01 PM(Updated 17:59) According to the latest data from the Halifax lender, property prices in April 2022 were 10.8 percent higher than in the same month of 2021. This is their tenth – yes, tenth …

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

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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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