Business and Economics
Business and Economics News
Days into COP, BP announces ‘better than expected’ profits
The oil giant said it had benefitted from soaring oil and gas prices, pushing profits to $3.3bn in Q3.
Freeports of ‘no economic benefit’ – Treasury watchdog concludes
The chancellor’s flagship policy will "alter the location rather than the volume of economic activity", the Office for Budget Responsibility concludes.
EU energy ministers could cut off third countries – ‘like UK’ – crisis worsens
If energy shortages worsen, EU governments can resort to curbing sales of natural gas and power to 'third countries', which includes Britain as of this year.
Ferries bypass Britain as companies ‘vote with their feet’
There are now 44 direct routes between Ireland and the EU. This time last year there were less than a dozen.
Small firms see less than half of promised post-Brexit cash
Less than half of a promised £20m post-Brexit pot has been given to small businesses.
Iceland is giving away free food to cut waste
The supermarket says initiative could see more than 1.3 million items - worth £500,000 a year - given to customers.
‘Great’ trade deal with New Zealand will add no value to UK’s GDP
The total value for businesses from the agreement would be “less than half the cost of Boris Johnson’s new yacht”, Emily Thornberry claimed.
Reduced work hours boost productivity, new study finds
Working shorter hours was found to boost productivity due to workers recovering from fatigue and coming into work with more energy and increased concentration.
Retirement age could be raised to ease public debt, OECD warns
Ageing populations in advanced economies mean there is an urgent need to raise money, the OECD said.