Australia's Productivity Warning: Echoes of Keating's 'Banana Republic'
Australia faces productivity flatlining reminiscent of Paul Keating's 1986 'banana republic' warning, with living standards lagging behind other rich nations.
Category : Economy
BP halts share buy-backs as annual profits slide
BP halts share buy-backs after annual profits fall to $7.5bn, suspending repurchases for first time since pandemic as it refocuses on fossil fuels.
Progress on Gender Equality at Top of UK’s Biggest Firms ‘Achingly Slow’
FTSE Women Leaders Review shows only nine female CEOs in FTSE 100, missing targets for senior roles.
Reeves Axes Non-Dom Tax Status In Economic Overhaul
Rachel Reeves abolishes non-dom tax status from April 2025, with a three-year transition period, aiming to raise £12.7bn over five years.
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US GDP Growth Slows to 1.4% in Q4 2025, Misses Forecasts
US GDP grew 1.4% in Q4 2025, missing 3% forecast, due to government shutdown and slowing consumer spending, though AI and tax cuts may boost growth.
Thinktanks Urge Rachel Reeves To Reform OBR For Investment
Thinktanks urge Rachel Reeves to reform the OBR to boost public investment, citing short-termism and instability.
Ministers Delay State Pension Age Rise Amid Falling Life Expectancy
UK ministers delay state pension age rise to 68 amid falling life expectancy and voter concerns, decision postponed until after next general election.
Iraola and Glasner: Mid-Table Maestros or Future Top Managers?
Bournemouth face Crystal Palace as managers Iraola and Glasner eye bigger clubs, but can they succeed at the top level?
Rachel Reeves Considers 20% Exit Tax for Wealthy Emigrants
Chancellor Rachel Reeves considers 20% exit tax on wealthy emigrants to raise £2bn, sparking criticism from Tories and warnings of capital flight.
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Iran Conflict Could Push Mortgage Payments Up for Extra 1.3 Million UK Households, Bank of England W
Bank of England warns Iran war could push mortgage payments up for extra 1.3m UK households, with rates rising to 5.84%.
Iran Conflict Threatens UK Economy with Rising Costs and Stagflation Fears
Iran conflict sparks stagflation fears as oil prices surge, threatening UK economy with rising costs and slower growth.
Households Face 13% Energy Bill Hike From July
Energy price cap in Great Britain rises 13% to £1,862 from July, driven by Iran conflict. Ofgem warns of elevated winter prices.
Three Dead After Gas Explosion Causes Fire in Dallas Apartment Building
Three dead after gas explosion causes fire in Dallas apartment building; four hospitalised.
57% of Men Say Money Woes Harm Their Sense of Manhood
57% of men say money woes harm their sense of manhood, with female breadwinners impacting male mental health and self-esteem, according to new research.
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Dating App Users Warned: Tech Firms Face Fines for Failing to Block Cyberflashing
New UK law requires dating apps to block unsolicited nude images or face fines up to 10% of global revenue.
Oil Falls Back and Markets Rally After Iran Ends Military Operations
Oil prices fall back and markets rally after Iran announces end of military operations against Israel, while UK regulator takes action against Neil Woodford.
IRS Staff Cuts Cause Tax Refund Delays: Report
IRS staff cuts cause backlog of 590,000 amended returns, leading to potential tax refund delays, says Treasury watchdog report.
Middle East Conflict May Delay UK Interest Rate Cut as Oil Surge Fuels Inflation Fears
Middle East conflict delays UK rate cut as oil surge fuels inflation fears. Major lenders hike mortgage rates, FTSE falls, and Wizz Air issues profit warning.
Fuel Duty Freeze Could Be Extended Amid Middle East Unrest, Miliband Hints
Ed Miliband hints fuel duty hike could be scrapped if Middle East war drags on, as oil prices surge and households face pressure.
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Wolff Fears Hamilton Title Threat After Antonelli's Woes
Toto Wolff fears Lewis Hamilton could win the F1 title as Kimi Antonelli's lead is cut to 32 points after a British GP DNF, with Mercedes reliability issues costing 43 points.
Economic Challenges Facing Andy Burnham: Old Problems Remain
Andy Burnham inherits a weak economy with high debt, low growth, and rising spending demands, but falling energy prices and interest rate cuts offer some relief.
Why Salt Is Summer’s Hottest Ingredient in Food and Drinks
Salt is trending as a key ingredient in summer drinks and premium salts, driven by a shift from sugar to savoury flavours and interest in artisanal products.
Obesity a key factor for rising cancer rates in young people in England, study finds
Study finds obesity is key factor in rising cancer rates among young adults in England, but does not fully explain the increase.
Algerians Struggle With Ramadan Feast Costs Amid Price Surge
Algerians face soaring food prices during Ramadan, with many unable to afford traditional feasts despite government pledges and civil society aid.
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Oil Retreats and Markets Stabilise After Iran Declares End of Military Operations
Oil prices fall back and markets stabilise after Iran ends military operations against Israel, while FTSE 100 closes slightly higher and FCA takes action against Neil Woodford.
Spring Statement Changes Could Harm Pensioners, Experts Warn
Experts warn pensioners could face tax changes in October Budget as Spring Statement offers no relief, with potential raids on pensions and state pension adjustments.
Pensioners Warned: 15 Days to Update HMRC Tax Details or Face Overpayment
HMRC warns pensioners to update tax details within 15 days to avoid incorrect tax payments, as tax codes may be split between salary and pension.
Welsh Man Who Mailed Himself Home from Australia in 1965 Seeks Irish Helpers
Brian Robson, 75, seeks two Irish men who helped him mail himself from Australia to UK in a crate in 1965.
Reeves Blames Brexit for Budget Action as Economic Damage Worse Than Forecast
Rachel Reeves blames Brexit and austerity for worse-than-expected economic damage, prompting tax rises and spending cuts in the upcoming budget.
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Bournemouth Secure Europa League Despite Draw At Forest
Bournemouth secure Europa League spot for first time after 1-1 draw at Forest, despite missing Champions League due to other results.
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