White House pushes clean energy, says US must reduce reliance on foreign oil in wake of OPEC+ decision
The White House is hoping transitions to clean energy and continued dips into the strategic oil reserves will help offset OPEC's decision to cut back oil production.
UK's Truss stands by 'disruption' agenda despite Tory doubts
UK Prime Minister Liz Truss has defended her economic plans as she tries to convince her Conservative Party the pain unleashed by tax-cutting is worth it.
Britain continues to face turbulence as economic and political turmoil continues
Less than one month on the job, some Britons are questioning whether new Prime Minister Liz Truss is up to the task of leading the country through a deepening economic crisis.
UK’s central banker struggles with inflation, a financial crisis and his own government
Andrew Bailey, the Governor of the Bank of England, stemmed a bond crisis last week by purchasing government debt, calming the markets but increasing inflationary pressure.
UK government drops plans for tax cut on wealthy that prompted turmoil on financial markets
In a stunning reversal, Britain's Conservative government dropped a key part of the tax cuts package that sparked outrage, market turmoil and sent the pound plunging.
Christian nurse sues UK's NHS for 'forcing racist ideology' on students
A Christian nurse in the United Kingdom is suing an NHS trust, claiming the trust forces student to learn critical race theory and discriminates against her race.
Phil Collins and Genesis band members sell music rights in $300+ million deal
Phil Collins and Genesis bandmates Tony Banks and Mike Rutherford have sold a bundle of music rights to catalogue, including 1980's pop hits, to Concord Music Group for $300 million.
Bank of England to buy UK bonds to avert financial risk
The Bank of England has moved to halt a slide in British government bonds that posed a “material risk” after plans to slash taxes spooked investors.
Bank of England 'will not hesitate' to act as it monitors market turmoil
The Bank of England said on Monday it would not hesitate to raise rates and is monitoring markets in response to the new government's financial plans.
Nostradamus book sales skyrocket after prediction of Queen Elizabeth II's death
A book interpreting the prophecies of Nostradamus is selling out after correctly predicting the death of Queen Elizabeth II. The book claims Charles III will abdicate.
UK slashes personal, corporate taxes in bid to spur growth
Inspired by Margaret Thatcher’s free market economics, Liz Truss has insisted that growing the economy and tax cuts for businesses will benefit everyone.
McDonald’s to close all its UK restaurants Monday to honor the Queen’s funeral
McDonald's announced that it will close all UK restaurants on Monday, September 19 as a mark of respect to Queen Elizabeth II on the day of her funeral.
Heinz ketchup, Lanson champagne, other favorites of the Queen may have to change branding
More than 600 companies that received a Royal Warrant from the Queen to display the royal coat of arms on their products including Heinz will have to reapply.
King Charles III: How the new British monarch can impact an economy on the brink of crisis
The King has limited practical power, but he has private weekly meetings with the prime minister during which he can express views and provide guidance on current issues.
Business during Queen Elizabeth mourning period may continue, UK says
The United Kingdom's Cabinet Office released guidance for businesses and private organizations' conduct during the national mourning period for Queen Elizabeth II.
Queen Elizabeth II was a faithful steward of the US-UK 'special relationship': Former American ambassador
Former United States Ambassador to the United Kingdom Woody Johnson, owner of the New York Jets, reacted to the death of Queen Elizabeth II.
UK PM Liz Truss vows to 'deal hands on' with energy crisis, and will scrap fracking ban
U.K. Prime Minister Liz Truss has ruled out a windfall tax on oil companies to pay for her plans to tackle the energy crisis, but will end the UK's fracking ban.
India overtakes former colonial ruler UK to become 5th largest world economy: 'law of Karma works'
India, on the 75th anniversary of its independence from the U.K., has overtaken its former colonial master to rank as the world's fifth largest economy.
Crypto firm erroneously sent woman $7 million+ 'refund'
The cryptocurrency exchange company Crypto.com erroneously sent an Australian woman over $10 million AUD instead of a $100 refund, according to a legal document.
UK economy sees output fall by 11%, steepest decline since 1709
The UK's economic output shrank by its largest percentage since 1709 in 2020, after the COVID-19 pandemic snuffed the nations economic growth.