Water bills in England and Wales are set to increase by an average of £94 over the next five years, according to the water regulator Ofwat. The increase will vary by region, with Thames Water customers seeing a rise of £99 or 23%, Anglian Water customers facing a £66 or 13% increase, and Southern Water […] More
The UK economy experienced a stronger-than-expected growth in May, driven by robust performances in the retail and construction sectors. According to the Office for National Statistics (ONS), the economy expanded by 0.4%, recovering from stagnant growth in April, which had been affected by wet weather that discouraged shopping and hindered construction projects. In May, the […] More
Direct Line, a prominent motor insurer in the UK, is shifting its strategy by listing its flagship brand on price comparison websites for the first time. This move reflects the growing dominance of these platforms in the UK insurance market, where approximately 90% of customers seek new policies, according to Direct Line CEO Adam Winslow. […] More
Martin Lewis has raised an alert regarding the widespread misuse of celebrity profiles in scams, with even the Money Saving Expert himself being prominently targeted. Among the personalities frequently exploited in online scams are “The King,” Taylor Swift, Elon Musk, and Adele, according to data analyzed by MoneySavingExpert.com from Action Fraud reports spanning 2022 and […] More
Members of the National Samsung Electronics Union (NSEU) in South Korea initiated a walkout on Monday in protest of pay and working conditions. However, tensions over the perceived impact of the strike and a lack of new negotiations have spurred the union to escalate its stance. The union disputed claims by Samsung, the world’s largest […] More
China’s consumer price growth decelerated in June while factory prices eased but remained in deflationary territory, raising hopes for stronger economic stimulus measures at an upcoming Communist Party policy meeting. According to official data from the National Bureau of Statistics released on Wednesday, consumer prices rose by 0.2% year-on-year in June, down from a 0.3% […] More
Large London office buildings are becoming nearly impossible to sell due to high interest rates and investor concerns over hybrid working, which are hindering dealmaking efforts. According to property data group CoStar, only a few office buildings in London have sold for more than £100 million in the first half of the year. Notably, the […] More
European stocks opened cautiously higher on Wednesday as investors shifted their focus to U.S. economic data following a week of political drama. The Stoxx 600 index rose by 0.17% in early trading, with most sectors moving into the green. The travel sector led gains, increasing by 0.6%, while mining stocks declined by 0.3%. Norwegian tech […] More
The Australian Bureau of Statistics (ABS) has reported a decline in job mobility for the first time in three years, with more people finding it difficult to secure employment in 2024 compared to previous years. The ABS data highlights a decrease in job mobility, increased difficulty in finding employment, and persistent underemployment issues. Reduced Job […] More
Coffee prices are expected to remain elevated and are unlikely to decrease until mid-next year due to significant supply chain pressures, according to the Italian coffee company Lavazza. “We have never experienced such a price spike as we are seeing now,” said Giuseppe Lavazza, chairman of the company. He acknowledged his incorrect prediction last year […] More