Global markets took a sharp hit on Thursday, and the pound weakened as investors reacted to the UK’s autumn Budget announcement from the day before. The new spending plans, introduced by the Chancellor Rachel Reeves, have triggered a lot of nervousness in the financial world, leading to major drops in global stock prices and a …
In an exciting move towards a cleaner planet, Britain is finding new ways to make renewable energy more exciting and affordable for everyone. One of the most interesting ideas is giving away free or really cheap electricity when there’s a lot of wind power being made. This is changing how people think about and use …
In a big move for the future of energy, the Czech company CEZ has decided to partner with Rolls-Royce to work on small nuclear power plants. This partnership is a key step towards bringing small modular reactors (SMRs) to life, which are seen as an important solution for generating clean energy quickly and efficiently. So, …
In a wild tale of crime and luxury, 30 flashy cars, worth a whopping £6.5 million, were taken from the UK to Thailand and have now been brought back home, thanks to the police. These high-end vehicles included a stunning Lamborghini Huracán Spyder, which costs around £220,000. This car is known for its Italian style …
In a surprising turn of events, McDonald's is facing a significant drop in sales in the UK and France. This news comes right after a serious E. coli outbreak that led to one person losing their life and many others falling ill after eating the famous Quarter Pounder burgers. Let's take a closer look at …
On October 30th, the FTSE 100 index, which tracks the top companies in the UK, had an eventful day. Some companies shone brightly, while others faced challenges. Let’s break down what happened in a way that’s easy to understand! GSK’s Vaccine Struggles First up, we have GSK (GlaxoSmithKline), a company that makes vaccines and medicines. …
In recent years, the North Sea—a major source of the UK’s oil and gas—has been at the heart of debates around energy and taxation. The British government introduced a "windfall tax" in 2022 under the previous Tory leadership. The purpose was to collect extra taxes from oil and gas companies when profits surged, thanks to …
Alphabet, the parent company of Google and YouTube, has experienced impressive growth in the past few months, driven by strong performances in digital advertising and its cloud business. On Tuesday, Alphabet announced its third consecutive quarter of beating expectations, boosting its earnings even further and pushing its stock up in after-hours trading. CEO Sundar Pichai …
Volkswagen Group released its financial results for the third quarter of the year, and the numbers weren’t pretty. The company, which leads Europe’s car market, reported a massive drop in profits. Operating profit plunged by nearly 42 percent, with an operating margin of just 3.6 percent. This is a significant decrease from its usual figures. …
High-Speed 2, or HS2, the UK's ambitious rail project, just got a big boost. Thanks to Rachel Reeves, the Chancellor, the high-speed rail line is officially set to run directly into London’s Euston Station. This decision means that HS2 won’t stop at Old Oak Common in West London as was previously uncertain, but will continue …
The UK government recently announced new tax changes on alcohol, with some prices going up and others getting a slight relief. According to the latest budget speech from Chancellor Rachel Reeves, the cost of wine and spirits will rise due to an increase in alcohol duty. However, if you’re a fan of grabbing a pint …
In the latest Budget announcement, the UK’s Chancellor Rachel Reeves shared some big changes set to impact home buyers, landlords, and investors. From tomorrow, buying a second home or rental property will be more costly, as Stamp Duty on these kinds of properties will go up from 3% to 5%. This increase is just one …
Europe has taken a bold step that’s sparking big reactions: the European Union (EU) announced a major tariff hike on electric vehicles (EVs) imported from China. This move, a surprise for many, is a huge deal for both sides. Set to start soon, the tariffs will range from 7.8% to 45.3% and aim to address …
Elon Musk, known for his groundbreaking work with SpaceX and Tesla, is now one of the loudest supporters of former President Donald Trump in the 2024 U.S. presidential election. This unusual friendship has raised many eyebrows, as the world’s richest man goes all in for Trump, not just financially but also on stage at Trump’s …
