Rolling coverage of the world economy, the financial markets, the eurozone and business.
Treasurer Jim Chalmers warns of ‘dire’ budget situation as inflation soars
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Labor has inherited a “dire” budget situation with a deficit that could blow out further due to soaring inflation, the treasurer, Jim Chalmers, has warned. Chalmers accused the Coalition of not disclosing pressures on...
Shell pauses London AGM as protesters chant ‘We will stop you’
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Three people have been arrested after Shell was forced to pause its annual general meeting in London after it was interrupted by environmental protesters chanting: “We will stop you.” About 40 climate protesters atten...
Rishi Sunak reportedly considering windfall tax on electricity generators
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Rishi Sunak is reportedly considering imposing a wider windfall tax on electricity generators, as well as on oil and gas producers, that could bring in billions of pounds to help households struggling with soaring foo...
Shell consultant quits, accusing firm of ‘extreme harms’ to environment
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A senior safety consultant has quit working with Shell after 11 años, accusing the fossil fuel producer in a bombshell public video of causing “extreme harms” to the environment. Caroline Dennett claimed Shell had a ...
Martin Rowson on Rishi Sunak’s approach to cost of living crisis — cartoon
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New Zealand budget 2022: Ardern offers $1bn in sweeteners to tackle cost of living ‘storm’
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Weekly $27 cash payments, fuel discounts and half-price public transport are among the short-term sweeteners offered up by New Zealand’s government in its latest budget, as it tries to juggle the cost-of-living crisis...
Rishi Sunak faces Tory clamour to act now on cost of living crisis
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Tory MPs are piling pressure on Rishi Sunak to take decisive action to deal with the cost of living crisis with measures such as cutting VAT, increasing energy bill support and raising benefits, as inflation is foreca...
Robot-assisted surgery can cut blood clot risk and speed recovery, hallazgos del estudio
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Patients having major abdominal operations should be offered the option of robotic surgery, doctors and scientists have said, after a world-first clinical trial found the procedures dramatically speed up recovery time...