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Slight fall in shipping costs but still over 300% more expensive than November – fuelling inflation fears
Typical shipping prices are 329% more expensive since disruption began in the key Red Sea shipping route in November, new figures show.It now costs an average of $3,030 (£2,391) to send an average container from Shanghai to Europe, up from $707 (£558) in mid-November, before Yemeni Houthi fighters began capturing and firing on freight ships …
Business
Sky News
Shock fall in retail sales over Christmas period – far worse than predicted
There has been a shock fall in retail sales in the key December shopping period, sharpening the decline seen in recent months, official figures show.Data from the Office for National Statistics (ONS) said sales fell an unexpected 3.2%, despite Christmas and reported discounts offered by major chains and some positive reports by major high street …
Business
Sky News
Hunt signals tax-cutting budget ahead to help drive growth
The chancellor says he wants to cut taxes at the spring budget this year, declaring that doing so will be the quickest route to getting the economy growing again.Talking to Sky News on the fringes of the World Economic Forum in Davos, Jeremy Hunt said that while he has yet to see the fiscal numbers …
Business
Euro News
Italy’s motorists drive European car market forward in 2023
Business
Euro News
Climate ambition slipping beyond reach without urgent action, scientists warn
Business
Euro News
French authorities investigate alleged Neymar PSG transfer tax scandal
Business
Euro News
AI anxiety: Global IT firm Comarch’s CEO on the ‘danger’ people think they face
Business
Sky News
Chancellor convenes bank CEO summit over valuation concerns
The chancellor has called in the bosses of Britain’s biggest banks for talks next week amid concerns in Whitehall that their share price weakness is inhibiting lending to the wider economy.Sky News has learnt that senior executives from Barclays, HSBC, Lloyds Banking Group, NatWest Group and Santander UK have been asked to attend a meeting …
Business
Euro News
Israeli marks 1st birthday as Hamas hostage, South Africa genocide case, 60,000 Palestinians wounded
Business
Euro News
End of a 10 year art heist: Stolen Chagall and Picasso paintings found in Antwerp basement
Business
Euro News
Macron at Davos: A strategic economic blueprint for France’s and Europe’s future
Business
Euro News
German airports see delays and cancellations due to freezing temperatures

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