Browsing Category
Economy
AstraZeneca wants to double its revenues to $80 billion by 2030
AstraZeneca is the largest drug manufacturer in Britain. It has set a bold goal to achieve $80bn ($63bn) by 2030 through treatments for cancer and rare diseases.
Pascal Soriot, the chief executive of the company, presented the growth…
Report: AI-related productivity increases in the sectors most affected by AI.
A report says that the sectors of global economy most exposed to artificial (AI) have seen a marked increase in productivity and are commanding a significant wage premium.
A PwC report found that productivity growth in areas of the…
Paris is the destination for savvy shoppers who are shunning Britain in favour of duty-free
Last week, on a busy afternoon, the Galeries Lafayette department store in Paris was filled with shoppers from around the globe who came to buy designer clothing, shoes, and handbags. One of the most popular spots in this temple of fashion…
Analysis of Royal Mail Takeover from a National Security Perspective
The potential takeover of Royal Mail by Czech billionaire Daniel Kretinsky has sparked discussions around national security concerns. Chancellor Jeremy Hunt has stated that if shareholders accept the £3.5 billion offer, the government will…
Bank chief economist says that immigration has fueled Britain’s housing shortage.
According to the Bank of England chief economist, high levels of immigration fuel Britain's housing crises. He blamed skyrocketing rental prices on a lack of properties.
Huw Pill claimed that higher interest rates are not to blame for…
Port Talbot can be re-energized by floating offshore wind farms
A 40mph wind blows in Port Talbot on a sunny day, causing white horses to froth in the bay. Offshore wind turbines in the North Sea would be spinning furiously. The Celtic Sea is too deep for turbines to be attached to the seabed. This…
China’s gold buying spree may be the final straw for the dollar
Some commentators spent decades predicting that the US dollar would soon lose its special status as world's reserve currency.
They will eventually be proved right and this day could be very near. China may hold the key, as usual.
The…
L&G says that Britain would benefit from fewer landlords who buy to let.
According to Britain's largest investment company, the economy would benefit from fewer landlords who buy-to-let.
Legal and General Investment Management has slammed "unscrupulous landlords" for allegedly taking money from people and…
Property trust seeks £500m London Listing in Rare Boost for City
London's stock market, which has been in turmoil for years, is about to get a boost from a City Property Trust that will list a £500m trust.
Special Opportunities REIT is a newly-established real estate investment trust that will likely…
Prices of houses fall for the second consecutive month
The sharpest fall in house prices since last summer occurred in April, as the recent rise in mortgage rates dampened demand.
Nationwide, a high-street lender, reported that prices fell by 0.4% last month. This was the second consecutive…
UK manufacturing is in contraction
Although the UK manufacturing sector contracted slower than expected in January, economists warn that output remains constrained by consumer confidence.
The final S&P Global and Chartered Institute of Procurement and Supply buying…
The bosses say that the loss of free VAT shopping is narrow-minded.
Retail bosses warned the government about the impact of its decision to not restore VAT free shopping by foreign tourists on other industries.
The manager of the O2, a venue for entertainment in Southeast London, accused the Treasury of…
Can a Freeport “level up” the Welsh Island of Anglesey?
The Conservative Party's flagship policy of 'leveling up' regional economies in the UK takes two forms on the island of Anglesey.
First, a £22.5mn program to make cosmetic improvements in the crumbling fabric that is Holyhead. Local…
Bank of England: UK mortgage approvals reached a 18-month high during March.
Official figures show that UK mortgage approvals reached their highest level in 18 months in the month of March. This suggests that the property market continues to recover, despite recent increases in quoted rates.
The Bank of England…
Potholes ‘cost UK economy £14bn’
According to new estimates, potholes in British roads cost more than £14billion a year, including repair costs, accidents and delays, as well as higher emissions.
The Centre for Economics and Business Research, in one of its first…
Forecasts show that Sunak’s crackdown on worklessness will not reduce the benefits bill
Official forecasts indicate that Britain will continue to pay a record £30bn a year in benefits to those who don't have to work, even after Rishi Sundera's welfare reform.
By the end of this decade, the amount of disability benefits paid…
Emmanuel Macron: Europe faces a’mortal threat’
Emmanuel Macron warned that the EU faces a "mortal threat" from the economic decline, the rise of illiberalism, and the return to war due to Russia's full scale invasion of Ukraine.
In a address delivered at the Sorbonne University, on…
Competition for mortgages and deposits has impacted on the profits of Lloyds
In the first quarter of this year, the increased costs and competition in deposits and mortgages slashed the profits at Lloyds Banking Group.
The pre-tax profit at Britain's largest domestic lender fell by 28 percent to £1.63bn compared…