Tue, 21-Oct-2025

UK taxes oil giants to help tackle inflation fallout

UK taxes

Britain’s finance minister Rishi Sunak on Thursday unveiled a multi-billion-pound support bundle for clients hit with the aid of soaring domestic electricity payments, with assistance from a brief providence tax on oil giants. A government package well worth £15 billion ($19 billion) may be funded in element by using a first-rate levy on soaring income … Read more

Surge in inflation and gas prices; Biden coming up with new ways

joe biden

Surge in inflation and gas prices; Biden coming up with new ways WASHINGTON – The Biden organization said it will continue offering leases to bore for oil and gas on government lands beginning one week from now, however with a significant decrease in the quantity of sections of land offered and an expansion in the … Read more

Energy prices push Eurozone inflation to record high

eurozone

BRUSSELS: Eurozone inflation soared in February to a record high of 5.8 per cent, mainly on the back of surging energy prices, the EU’s official statistics agency Eurostat said on Wednesday. The acceleration, from 5.1 per cent in January, was announced as oil and gas prices rocketed even higher over fears about the impact on … Read more