Tag Archives: UK

Russia will cut oil production by 500,000 barrels per day, or around 5% of output , in March, Deputy Prime Minister Alexander Novak said on Friday, after the West imposed price caps on Russian oil and oil products. The price of Brent crude rose on the news of the output …

Data published by the British Office for National Statistics today, Friday, showed that the country’s gross domestic product did not witness any change in the last three months of 2022. Economists polled by Reuters had expected zero growth in the fourth quarter of the year. Last week, the Bank of …

Russian news agencies quoted Deputy Prime Minister Alexander Novak as saying on Friday that there is a possibility that the country’s oil production will decline in 2023, as a result of pressure exerted by the European Union and the ceiling set by the Group of Seven for the price of …

British fighter jet deliveries to Ukraine would have military and political ramifications for the entire European continent according to the Russian embassy in London.The headlines from Tass follow Ukrainian President Volodymyr Zelensky’s call for deliveries of British warplanes to ensure a victory that would “change the world.”There has been little …

Halifax reports that after falling for the previous four months, UK home prices were roughly level in January. According to the lender, after significant drops of 1.3% in December and 2.4% in November, average prices were unchanged at £281,684 last month. The rate of annual growth in home prices, however, …

Britain’s health workers began their biggest strike on Monday, as tens of thousands of nurses and paramedics went on strike amid an escalating row with the government over pay that will lead to further disruptions to the public health system. Nursing and ambulance workers have taken separate strikes since late …

Preliminary PMIs by S&P Global for the Eurozone will be reported Tuesday, January 24 at 09:00 GMT. Headline manufacturing PMI is expected at 48.5 vs. 47.8 in December, services PMI is expected at 50.2 vs. 49.8 in December, and the composite is expected at 49.8 vs. 49.3 in December. Analysts …

The UK Retail Sales arrived at -1.0% over the month in December vs. -0.5% previous. The Core Retail Sales, stripping the auto motor fuel sales, fell by 1.1% MoM vs. -0.3% previous. On an annualized basis, the UK Retail Sales plunged 5.8% in December versus -5.7% prior while the Core …

The pace of wage growth in Britain, which the Bank of England monitors closely to determine the pace of interest rate hikes, accelerated in the three months to November, official data showed on Tuesday. Wages excluding bonuses rose 6.4% year-on-year in the September-November period, the biggest increase since records began …

In 2022, leaks were spotted in the Nord Stream 1 and 2 pipelines, presumably caused by explosions that Sweden investigated to later conclude it was likely the result of serious sabotage, and now Russia is complaining that Sweden is hiding something and unwilling to share its investigation’s findings. Russia accused …