Business

Barclays’ Profit Increase Sparks Demand for Higher UK Bank Taxes

Barclays has delivered strong financial results, sparking fresh calls for the UK government to impose higher taxes on major banks. The financial institution reported a 31% increase in second-quarter pre-tax profit, reaching £3.3 billion compared to the previous year. This performance boosted its first-half profit to £6.1 billion, a 17% rise from earlier figures. In response to these robust results, the Trades Union Congress (TUC)...

UK and India Enact Trade Deal, Slash Tariffs, Broaden Market Access

On Wednesday, the Comprehensive Economic and Trade Agreement between India and the United Kingdom officially took effect, marking a significant reduction in tariffs on thousands of products and enhancing business and professional opportunities across both nations. The accord offers Indian exporters duty-free entry to the majority of British tariff lines, a move poised to benefit various sectors such as textiles, leather, footwear, marine products,...

Putin Authorizes TotalEnergies to Sell Stake in Arctic LNG 2 Project

Russian President Vladimir Putin has given the green light for the sale of TotalEnergies' 10% stake in the Arctic LNG 2 project, a significant...

Global Fuel Cost Surge Drives UK Energy Price Cap Up 13%

Starting from July, households across Great Britain will contend with a steep rise in energy costs following the announcement of a 13% increase in...

UK Proposes Enhanced Trade Integration with EU for Goods Market

The UK government is considering the establishment of a single market for goods with the European Union in an effort to enhance post-Brexit trade...

Iran Conflict Sparks Inflation Concerns, Driving Oil Prices Up and Bonds Unsteady

Oil prices experienced an uptick on Monday as geopolitical tensions in the Middle East stirred inflation concerns and speculation about potential interest rate hikes...