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United Kingdom

'I'm a fighter not a quitter' says Truss in first PMQs since U-turns

Defying calls to quit even though her tax plans have been reversed, the beleagured British leader came under more scrutiny at Prime Minister's Questions.

United Kingdom

Hunt declares U-turn on Truss tax plan as clamour grows for PM to quit

New finance minister Jeremy Hunt has outlined his economic plan two weeks early, as disquiet grows among Conservative backbenchers over the prime minister's position.

Qatar 365

Fostering Innovation, the Qatar way

In partnership with Media City

From braille entertainment platforms to artificially intelligent cooking contraptions, Qatar is no stranger to fostering innovations and start-ups though hubs or edutainment. Find out more with Qatar365

United Kingdom

UK PM Truss defends tax-cutting budget despite market turmoil

The Bank of England made an emergency intervention on Wednesday after warning of a "material risk to UK financial stability".

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Europe News

Russia and Germany to fall into recession as economic outlook darkens

The eurozone will expand by just 0.3% in 2023 but could fare much worse if the energy crisis further deteriorates.

United Kingdom

UK announces plan to slash tax and boost investment

"We won't apologise for managing the economy in a way that increases prosperity and living standards," said UK chancellor Kwasi Kwarteng

Economy

Truss won't save UK from recession by cutting taxes, says expert

Taking over from Boris Johnson, Liz Truss must face the cost-of-living crisis, the energy crisis, and Brexit hurdles

World

Algeria Boosts Economy with Start-Up Business Culture

In partnership with anep

In an effort to to boost its economy, Algeria is creating a culture of start-up business enterprise. Evermore entrepreneurs are seizing this opportunity and starting businesses. And a Ministry of Start-ups has been established in the country.

Money

Is it wise to take out a loan to invest in crypto?

A recent US survey found that 21 per cent of investors took out a loan to pay for crypto. Why are people choosing to do it and is it a good idea?

Money

What is shrinkflation, skimpflation and stagflation?

As economic panic sets in, many are worried about inflation and especially stagnation and are fed up with skimpflation. But what do these terms mean?

No Comment

Colombians celebrate "World Lazy Day"

Colombians paraded on beds on the occasion of "World Lazy Day", a festival organised every year since 1985.

Travel News

Which European countries rely most - and least - on tourism?

Which European countries rely on tourism most heavily? The answer might surprise you.

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Can a career move help with the rising cost of living?

Partner content presented by Jobbio

With prices soaring, is now the time to switch jobs or even careers?

Tech News

How will Europe create its own tech leaders? We ask Euronext

Euronext is so confident in Europe’s tech companies that in June it launched a new technology segment called ‘Tech leaders’ in a bid to compete with Nasdaq.

Money

Why Bitcoin and other cryptos are bracing for a tough week ahead

Cryptos have borne the brunt of a massive ripple effect since the Terra saga but decisions in the US could put even more pressure on digital assets.

Money

Don’t panic over economy woes just yet, says ex-World Bank chief

The Ukraine war has sent inflation and gas prices spiralling. We spoke to ex-World Bank chief Bertrand Badré about how to prevent global inequality.

Green News

Five countries owe €6 trillion in climate reparations, new study shows

There is now a scientific basis for countries to claim money for climate damage.

My Europe Series

Brexit damage: Is EU exit now hitting UK's economy harder than COVID?

For the first time, economists are disentangling the harm done by Brexit under the terms Boris Johnson negotiated with the EU, from that wrought by the pandemic.

Money

What’s a bear market and should we worry about another global crash?

The US has fallen into a bear market thanks to the Ukraine war, supply-chain issues and a number of other factors. But what does this mean for investors?

Europe News

Belgian brewers face packaging crisis, as bottle supplies diminish

The problem of bottle shortages began during the pandemic, when demand for beer switched from bars and restaurants to purchases in retail supermarkets.