United Kingdom

BRITAIN-OFFBEAT-ECONOMY

UK Debt Pressure Rises as Borrowing Costs Soar to 16-Year Record Levels

Global bond market pressures, including UK bonds and US inflation concerns, cause stock declines and weakened the pound as investors await the US payroll report.


UK Energy Firm to Compensate 1,395 Customers $3M for Mishandling Their Complaints

Ovo has been ordered to pay $3M (£2.4M) in compensation and fines after regulators found it failed to address 1,395 customer complaints promptly, with each customer receiving $301 (£271).

Rishi Sunak's £40m Helicopter Service Cancelled; UK's New PM Says It's Too 'Wasteful'

UK Prime Minister Rishi Sunak has canceled a £40 million ($50 million) helicopter contract to address public spending concerns and in response to criticism over his frequent use of RAF jets and helicopters.

UK Astronaut Tim Peake Joins Axiom Space in Bid to Launch All-Brit Mission

Commercial spaceflight company Axiom Space announced this week that they have welcomed retired British astronaut Tim Peake into its professional astronaut pool.


Latest News

UK Stocks on the Rise as Keir Starmer's Labour Party Wins General Election
The British pound and several UK-based stocks and government bonds have arisen after the Labour Party won a landslide victory in the country’s general election.
Huge Fire Breaks Out at Scottish Industrial Park
Firefighters battle a huge fire at the Linwood Industrial Estate near Glasgow Airport in Scotland. This picture shows a general view of the skyline ahead of a fireworks display during the opening ceremony of the 2014 Commonwealth Games in Glasgow on July 23, 2014.
cyberattack
Qilin, a cyber group disrupting London hospitals, revealed crucial data stolen from NHS blood testing firm.
Russian Hackers Demand $50 Million Ransom After NHS Hospital Cyberattack
Following a cyberattack on Synnovis that disrupted NHS hospitals, Russian hacker group Qilin has demanded a $50 million ransom while threatening to release stolen data obtained during the breach.
Premier Inn Workers Rally Over 1,500 Job Cut Plans
Premier Inn workers protested at Whitbread’s annual shareholder meeting against plans to cut 1,500 jobs, despite reported profit increases.
Krispy Kreme
Krispy Kreme offered 'Friends' doughnuts, but they were exclusive to the UK and Ireland, leaving US fans confused.
UK Businessman Sues Apple for $5 Million After Deleted Messages After Divorce Uncovers Deleted iMessage Conversations with Prostitutes
A UK businessman, caught texting sex workers via iMessage during his divorce, plans to sue Apple for $5 million after his wife discovered the incriminating messages with prostitutes.
Swifties Queue up For Merchandise Ahead Of Eras Tour Concert
Taylor Swift's Scotland concerts boosted the local economy by $98 million and are projected to add $1.27 billion to the UK economy while setting new attendance records.
UK Airport Bosses Disappointed With Return of 100ml Liquid Limit; AOA Says It Creates Frustration, Confusion
The UK airport bosses are disappointed with the return of the 100ml liquid limit, saying that the Department for Transport didn't give them enough time to prepare.
UK Supermarkets Allegedly Fool Customers by Falsely Labeling Bakery Products 'Freshly Baked,' 'Freshly Made'
Some UK supermarkets are accused of fooling their customers. A trading standard complaint claims they falsely label bakery products "freshly baked" or "freshly made."
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