Two of the Big Four to quit?
British energy giant Shell on Thursday unveiled record annual net profit of $42.3 billion thanks to surging oil and gas prices, sparking outrage from green groups and unions as the UK endures a cost-of-living crisis.Shell has revealed that windfall taxes imposed by the European Union and UK following the surge in earnings would cost the group about $2 billion.
Central bank Monetary Policy Committee announces another 0.5 per cent increase to base rate
The Bank of England has raised interest rates for the tenth time in a row lumping further pressure on mortgage borrowers.
Indian conglomerate Adani Enterprises called off its $2.5 billion share offering after it lost tens of billions of dollars in market value due to fraud claims by a U.S.-based short-selling firm. Billionaire Gautam Adani 's company said Thursday it will review its plans for raising capital after it canceled the share sale late Wednesday, citing “market volatility.” Adani stocks sank after Hindenburg Research, which has a track record of sending stock prices of its targets tumbling, accused the group of “brazen” stock market manipulation and accounting fraud, among other financial abuses.
Ukraine hopes to start negotiations with the International Monetary Fund on a full-fledged programme during the second quarter of 2023, the Interfax Ukraine news agency quoted Finance Minister Serhiy Marchenko as saying on Thursday. The IMF approved a four-month monitoring programme for Ukraine in December that is aimed at maintaining economic stability following Russia's invasion, and at helping promote donor financing. "We hope that the successful implementation of the monitoring program with the IMF will allow us to receive a full-fledged financing program from the IMF, and we will negotiate this, beginning the second quarter of this year already," Marchenko was quoted as telling a meeting in Kyiv of the Ukrainian government and the European Commission.
Business minister Nusrat Ghani said a generous package of support is still available for the steel works.
(Reuters) -CNH Industrial said on Thursday its 2023 net sales of industrial activities would grow by 6-10%, after the group posted stronger-than-expected results in the last quarter of 2022. The industry faced several headwinds in 2022, including a choppy supply chain and inflation, but late in the year these problems began to modestly improve and the trend should continue into 2023, Chief Executive Scott Wine told analysts. The Italo-American farming and construction machine maker forecast its 2023 free cash flow (FCF) of industrial activities at between $1.3 billion and $1.5 billion, compared with $1.6 billion last year.
The Bank of England raised interest rates for the 10th time in a row on Thursday but dropped its pledge to keep increasing them "forcefully" if needed and said inflation had probably peaked. Below are quotes from Governor Andrew Bailey and other BoE policymakers, made during a news conference after the rate decision. "Since the November monetary policy report we've seen the first signs that inflation has turned the corner."
Prince Harry might have divided public opinion with the release of his tell-all memoir Spare – but that didn’t stop the book from enjoying huge success. In its first day, Spare sold more than 1.43 million copies in all formats in the United States, Canada and Britain, including pre-orders. WATCH: Spare: The key revelations The figure marked the largest first-day sales for any nonfiction book ever published by Penguin Random House, the world’s largest publisher. LATEST: Meghan Markle and Prince H
Leading British tennis player Liam Broady has given his opinion on the legal developments surrounding footballer Mason Greenwood.
Granted, Prince Harry is arguably the most famous redhead in the royal family, but were you aware that the Duchess of Sussex also rocked auburn locks? That's right, before she embraced her natural roots and returned to the dark side, Duchess Meghan experimented with her hair colour, spicing it up with an auburn dye job. Back in May 2012, the duchess-to-be was spotted rocking a full head of radiant red hair. She was photographed attending USA Network Upfront 2012 at Alice Tully Hall at Lincoln Ce
Change doesn't have to be bad.
Former Crystal Palace chairman Simon Jordan thinks Man Utd have "two options" amid their internal investigation into Mason Greenwood.
‘She tried her best but can’t get help ... [p]lease don’t abuse me,’ the note read
Russia is running out of “single-use soldiers” and can no longer rely on “human wave” attacks in eastern Ukraine that have helped in its recent offensives, British military intelligence has concluded.
An SNP politician was heckled by the Question Time audience after she followed Nicola Sturgeon’s lead by refusing to say if a transgender rapist is a man or a woman.
SIR – Thanks to the ineptitude and green zealotry of our political masters, many people cannot afford to heat their homes adequately.
Nicola Bulley, 45, a mortgage advisor, was last seen on Friday morning at around 9.20am
Sheer tights are subbing in as pants for this season's risqué new look.
Germany has given the green light for the export of Leopard 1 battle tanks to Ukraine in a €100 million deal to bolster Kyiv’s defences.
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