As Los Angeles experiences a historic drought, local authorities are cracking down on excessive water usage by the super-rich. Those who refuse to stop using their swimming pools or watering their expansive gardens in the water deprived area are being threatened with the introduction of newly developed “flow restrictors”. Los Angeles are encouraging residents to […]
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A strange thing happens when we think about prices. Zwiebackesser People really dislike inflation. Today, with US annual inflation still above 8%, one in five Americans consider it the country’s biggest problem – spelling trouble for the Democrats at the November mid-terms. Inflation is also the top concern for voters around the world, while in […]
Read the articleWith only about two weeks to go before a court case over his attempts to withdraw his US$44 billion (£39 billion) offer to buy Twitter, Elon Musk’s second U-turn over the deal shows the world’s richest man is still full of surprises. His latest decision to resurrect the offer to acquire the social media platform […]
Read the articleMeme stocks are investment assets that receive a lot of attention on social media. Jirsak / Shutterstock Recent rallies in stocks popularised on social media have attracted increasing numbers of investors looking to these so-called “meme stocks” for quick returns. But while it might look like a fun game, there are real risks to investing […]
Read the articleAn oft-quoted question attributed (probably wrongly) to the former US secretary of state, Henry Kissinger: “Who do I call if I want to speak to Europe?”, still resonates as an indication of Europe’s lack of unity and leadership. It also signals a disconnect in transatlantic communications that is due, in part, to the lack of […]
Read the articleThe recent U-turn on cutting the top rate of income tax has shown that even a government willing to “do unpopular things” to grow the UK economy is constrained by the need for public support. The negative public reaction to chancellor Kwasi Kwarteng’s September 23 mini-budget came in part from its impact on Britain’s economy. […]
Read the articleThe recent U-turn on cutting the top rate of income tax has shown that even a government willing to “do unpopular things” to grow the UK economy is constrained by the need for public support. The negative public reaction to chancellor Kwasi Kwarteng’s September 23 mini-budget came in part from its impact on Britain’s economy. […]
Read the articleFor some, Liz Truss’s headline policies since she became the UK’s prime minister have been shocking. Markets have been shocked, voters have been shocked, and many of her own colleagues in the Conservative party seem a little uncomfortable. So what is the prime minister thinking exactly? Is she an economic outlier, or are her ideas […]
Read the articleIn a move sure to upset chocoholics everywhere, discount supermarket Lidl was recently told to destroy its stocks of chocolate bunnies. The cull was ordered by a Swiss court that decided Lidl’s bunny was too close to confectioner Lindt’s iconic chocolate rabbit. Lidl was sued by Swiss confectioner Lindt & Sprüngli for selling a golden […]
Read the articleIn uncertain economic times, businesses are trying to become more resilient. photoschmidt / Shutterstock Rising inflation and looming recessions are squeezing household finances, but businesses also worry about an economic downturn. This is not just because of higher bills, but also because consumers spend less and finance from banks and investors dries up when the […]
Read the articleIt was a mini-budget with a major impact. Shortly after the UK chancellor announced his plans for a “new era” full of tax cuts, there were dramatic falls in the pound, a nervous response from mortgage lenders and an urgent intervention from the Bank of England. Such high levels of uncertainty, especially during a cost-of-living […]
Read the articleThe value of the British pound has taken a battering in recent months. Yulia Grigoryeva / Shutterstock The pound has recovered from a recent record dip after the chancellor’s mini-budget announcement. But it is still at low levels versus many other currencies. The recent decline can be mostly attributed to the tax cuts announced during […]
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