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UK tackling ‘near inconceivable’ task as recession and stagflation looms

THE cost of living crisis could possibly be about to worsen if a recession and stagflation come into play.

Crypto billionaires losing fortunes as bitcoin tumbles

The Winklevoss twins and other cryptocurrency moguls who bet big on bitcoin have seen their fortunes plummet in recent weeks during a steep selloff...

Dubai Airports traffic may reach pre-Covid levels in early 2024: CEO

Air passenger traffic in Dubai may reach pre-pandemic levels in 2024, a 12 months sooner than previously expected, Dubai Airports CEO Paul Griffiths said."We...

Latest Earnings, Stocks and Business News for May 11, 2022

The assembly line at Rivian’s plant in Normal, Sick., last month.Credit...Kamil Krzaczynski/ReutersRivian, the electric-vehicle maker that went public last 12 months with big ambitions...

Elon Musk’s late disclosure of Twitter stake spurs SEC probe

The Securities and Exchange Commission is investigating Elon Musk’s delayed disclosure of his sizable stake in Twitter last month, the Wall Street Journal reported on Wednesday, citing people accustomed to...

McDonald’s franchisees worry recent grading system will alienate employees

McDonald's franchise owners are expressing concern and frustration over a recent grading system the fast food giant is planning to roll out early next...

Prices Continued to Rise in April, But Gains Slowed a Little: Live Updates

+6.2% without food and energy 12 months-over-year percent change within the Consumer Price Index +6.2% without food and energy 12 months-over-year percent...

Energy firm windfall tax has not been ruled out

Officials say Rishi Sunak remains to be open to the concept if energy firms don't reinvest their profits within the UK.

Peloton shares plunge, CEO admits company ‘thinly capitalized’

Peloton might want to pedal harder to get out of this hole. The exercise-bike company’s shares plunged as much as 20% on Tuesday after it...

Ukraine Says It Will Stop Transporting Some Russian Gas

Ukraine’s natural gas grid operator said on Tuesday that it will stop transporting Russian gas through an eastern border entry point called Sokhranivka, raising...

Newsnight: Three 12 months ‘zero growth’ prediction calls Queens Speech bills into query

THE QUEENS SPEECH bills have been called into query after a prediction from the Bank of England's most up-to-date report showing "virtually zero growth...

NBA teams hike ticket prices as attendance drops, data shows

NBA owners are raking in extra cash than before the pandemic by charging higher ticket prices — despite lower TV rankings and increasingly empty...

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