Russia’s fortress economy has proved remarkably resilient to an onslaught of Western sanctions. Two years after the Kremlin’s invasion of Ukraine, it continues to fund a costly war and to prop up President Vladimir Putin. But there’s at least one spot where the pain is very real. The Novatek PJSC-led Arctic LNG 2 facility, on … Read more
The price of milk at Karachi in fiscally-stressed Pakistan shot up to 10 per litre after the city’s commissioner approved a hike, acceding to the demands of the Dairy Farmers Association, ARY News reported. As per the commissioner’s directives, the price of milk has surged by PKR 10 per litre, with shops in Karachi now … Read more
Metal stocks have been on a roll lately. The Nifty Metal index has been up significantly, with gains of over 50%, in the last one year. ETMarkets spoke to Sonam Srivastava, Founder & CEO of Wright Research, to understand the factors behind the rally and more. Edited excerpts: 1. The Nifty Metal index has been … Read more
The Bank of England may offer a clearer signal in the coming week on whether it plans to cut interest rates this summer, just as investors bet on a delayed outlook for easing. Ahead of Thursday’s decision, Governor Andrew Bailey has distanced Britain from resurgent consumer price pressures in the US, pointing to “strong evidence” … Read more
(KRON) — An online grocery delivery company will pay $1.55 million to settle a consumer protection lawsuit filed over allegations of false advertising and automatically renewing customer subscriptions. Thrive Market, an e-commerce membership-based grocery delivery service offering natural and organic food products, allegedly violated parts of California’s Automatic Renewal Law and False Advertising Law, investigators … Read more
More than three million Australians will have their student debt wiped in a bid to win over younger voters crushed by the cost of living crisis. Education Minister Jason Clare on Sunday announced the government would cap the Higher Education Loan Program (HELP) indexation rate, eliminating about $3 billion of student debt. The capped rate … Read more
Jeremy Hunt and his team are considering not holding another tax-cutting autumn statement before the next election, amid uncertainty about the public finances. The chancellor has already hinted that he plans to pledge further tax cuts – including another down payment on Rishi Sunak’s ambition to abolish national insurance – before a general election, which … Read more
Hawaii lawmakers have voted to put limits on short-term rentals such as Airbnbs. On Friday, the governor, Josh Green, signed a bill that would give counties the power to regulate short-term rentals and even phase them out to become long-term housing for local residents. The bill clarifies the counties’ authority to control the time, place, … Read more
Manchester United are to tighten up identification spot-checks to ensure tickets for disabled fans do not fall into the wrong hands. The club have stressed that their No 1 priority for disabled supporters is to ensure only the appropriate people enter designated areas after a report in the Daily Mail claimed some fans were guilty … Read more
Across Britain today, hundreds of thousands of us will tuck into one of the world’s most perfect dishes. Crispy batter encasing flaky fish; a steaming pile of chips, some soft, some crunchy, some large, some merely a scrap; acidic condiments and sides to balance the salt and fat. Yet the Michelin-starred chef Dominic Chapman, of … Read more
