Ukraine’s Eurovision Song Contest in Liverpool: Is Moscow competing, can Russia vote and are they broadcasting it? May 12, 2023 The 67th Eurovision Song Contest is taking place in Liverpool this year after the UK was chosen to host on behalf of war-torn Ukraine. It is the first time the competition has been held in the UK for 25 years – and Russia will not be competing. Why is Russia absent from the contest? Russia, [...]
Jet maker Embraer reaffirms full-year forecast after increased deliveries November 7, 2022 Embraer has reaffirmed its full-year forecast as it increased quarterly deliveries compared with 2021 levels. The Brazilian jet maker said today it shipped 10 commercial aircraft and 23 executive jets in the three months to the end of September – up 10 per cent from last year’s delivery volumes. The company’s order backlog stood at [...]
Brits quit clubbing and booze in fresh blow for late night traders December 14, 2023 Brits are drinking and spending less on a night out, a new report has revealed, as conscious clubbers ditch the booze to protect their pockets and health. When partygoers hit the town they spent an average of £73.19 on a night out, 2.1 per cent less than they did a year ago, a study by [...]
Jet fuel costs keep Wizz Air loss making – but optimism for the year ahead June 8, 2023 Wizz Air saw its operating losses remain flat at €466.8m (£401.6m) in its full year results this morning, as last year’s soaring jet fuel costs pummelled the budget carrier. Total net losses were at €535.1m (£460.4m). Despite this, Wizz Air was confident about swinging to a profit later in the year, and saw a record [...]
Europe biggest market for US crude oil for first time in six years as Russia-Ukraine war rages on July 15, 2022 For the first time in six years, Europe was the top market for US crude oil as the Russia-Ukraine war continues to impact global markets. Europe overtook Asia, the previous top market, and received 213.1m barrels of crude while Asia received 191.1m barrels of American crude in the first five months of 2022, US Census [...]
Sweet treat for Tate & Lyle shareholders as profits jump north of £300m May 25, 2023 Food and beverage ingredient supplier Tate & Lyle continued its strong performance this year with a 22 per cent boost in profits, as it shrugged off concerns over supply chain volatility and benefited from inflation driving up prices. The group, one of the world’s biggest producers of sweeteners such as high fructose corn syrup, made [...]
FTSE 100 close: HSBC leaps and BP gives up gains in mixed day for London index August 1, 2023 London’s FTSE 100 kicked lower today after a clutch of mixed results puzzled investors. The capital’s premier index fell 0.43 per cent lower to 7,666.26 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, slipped 0.41 per cent to 19,065.66 points. A set of results [...]
Modi, Biden, Zelensky and Macron lead global congratulations for PM Rishi Sunak October 25, 2022 World leaders including President Joe Biden, India’s Narendra Modi and France’s Emanuel Macron have congratulated Rishi Sunak on his rise to be Prime Minister. Presidents and prime ministers committed to continue working with the new PM to tackle chaos caused by the war in Ukraine. In India, where Sunak’s family originated from, there was elation [...]
EU top body lifts economic growth forecast saying Europe dodged dreaded recession May 15, 2023 The European Union’s executive body has raised its economic growth forecast, saying Europe has dodged a winter recession that was feared amid an energy crisis. The outlook for the 20 countries using the euro currency improved to growth of 1.1 per cent this year from 0.9 per cent in the previous predictions in February, the [...]
Russia-Ukraine war to take tax cuts off the table, IFS warns March 10, 2022 Even higher inflation triggered by Russia invading Ukraine will take promised tax cuts off the table, a leading think tank warned today. Surging energy prices driven by concerns over the security of oil and gas supplies amid a ramping up in tensions between Moscow and the West will eat into Chancellor Rishi Sunak’s room to [...]