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UK confirms that the state pension age has been delayed to 68
The UK government confirmed that it would not push for a rise in state pension age to 68. It also stated that a review of this policy will be delayed until after next general elections.
The state pension for men and women is…
Vitol profits record $15bn after energy crisis
Vitol, the largest independent commodity trader in the world, is one of the biggest beneficiaries of the energy crisis. It reported record profits that were far higher than its competitors.
According to sources familiar with the…
Ford and Chinese partner make a gamble on $4.5 billion Indonesia nickel plant
The Biden administration is trying to develop the domestic battery industry by partnering with a Chinese carmaker. This US carmaker has teamed up with a Chinese miner.Ford announced plans to invest $4.5bn in Indonesia's battery…
China’s Envoy warns EU about the ‘peril’ of following US trade curbs
Ambassador to the bloc calls for resistance to unwarranted pressure on Beijing and promises not to be 'trampled upon'A senior Chinese diplomat stated that Washington should not demand that Europe curb trade with Beijing. He warned any…
Xi’s China won’t achieve global currency domination
People like to justify and assert things in uncertain and troubled times. This often leads to misunderstandings and lack of accuracy. Many examples include the 2008 financial crisis, QE and the pandemic.
Now, , with a few banks…
Man Convicted of using City of London Firm to Launch Ponzi Scheme Worth £50 Million
A fake City of London foreign exchange investment firm led to the defrauding of investors of £50million ($61.7 million). The group deceived them with luxury offices and exclusive sponsorship deals at Chelsea Football Club.
Anthony…
UK to Launch Program to Accelerate Renewables and Capture Carbon
The UK will outline its strategy for accelerating the deployment of renewable energy and capturing carbon. This is part of a plan that aims to increase energy investment in Britain, which lacks the financial resources to pursue similar…
Britain is poised to join CPTPP Indo-Pacific trade Pact in Major Brexit Victory
As the UK's economy shifts away from Europe, Britain is set to join the Indo-Pacific Trade Pact.
The UK is expected become the first non-founding Member of the Comprehensive Agreement for Trans-Pacific Partnership (CPTPP). This…
Ovo planning to bid for Shell’s household energy customers in the 1.4 million range
Ovo Energy is said to be looking to purchase 1.4 million household customers from Shell's UK supply company. This comes as Shell prepares to exit the retail market.
According to Sky News Ovo will make a takeover proposal that would…
Roman Abramovich secretly financed Dutch football club, according to leaked documents
Roman Abramovich, who also owned Chelsea, secretly funded the takeover and continued to bankroll it for years.
The Netherlands soccer association conducted two investigations and was unable to find any financial ties between…
Bank of England encourages pension funds to be prepared for larger market shocks in gilt markets
The central bank recommends that liquidity requirements be increased to more than twice the level of stress tests after 2022 turmoilIn an attempt to avoid another year of gilt market turmoil, the Bank of England is urging pension funds…
Cash dispute threatens UK’s re-entry in the EU Horizon program
A dispute over money threatens the UK's attempt to join the EU's Horizon research program. This is expected to be one the first "wins" from the recent Northern Ireland trade agreement.
UK scientists believe membership in the…
For many years, Binance kept close ties to China.
Binance concealed significant links to China for many years. This contradicts executives' claims that Binance left China in 2017 after an industry clampdown.
Changpeng Zhao, the chief executive, and other senior officials repeatedly…
Russia welcomes new export routes, but it expects a decline in oil-and-gas production
Russian authorities anticipate that Russia's oil and natural gas production will decline this year despite the fact that they claim to have replaced crude exports damaged by Western sanctions with new routes to South America, Asia,…
Adnoc and BP sign a $2 billion gas deal, hot on the heels for energy transition pivot
The UK's supermajor BP has agreed to acquire a half-share in Israeli explorer NewMed Energy from Abu Dhabi National Oil Company (Adnoc). This will amount to approximately $2 billion
NewMed Energy, a subsidiary to Delek Group is the…
What Broke Sweden? Real Estate Bust Exposes Big Divide
The seismic changes in Sweden are being exemplified by a half-finished bridge that connects two Stockholm neighborhoods. One side is an affluent area that's part one of Stockholm’s oldest suburbs. The other side is a cluster of…
OakNorth founder warns that HSBC is a ‘lost opportunity” for UK ambition.
A specialist business lender warned that the decision to sell Silicon Valley Bank's British operations to HSBC could hurt ambitions for the UK as a technological superpower.
OakNorth Bank attempted to acquire Silicon Valley Bank UK,…
Hedge fund spins after Flybe fails
Entities linked to Lucien Farrell's Cyrus Capital hedge-fund have seen a net loss of as much as £70 million due to Flybe's collapse.
After struggling to restart its operations due to delays in aircraft deliveries, the regional…