Regulator identifies the water companies with the worst financial standing
The water companies in the UK with the worst financial performance are South East, Thames, Southern, and SES. Regulator Ofwat stated that the businesses were under strict observation and had been instructed to patch up any financial gaps. It follows…
Russia raises interest rates to 15% in response to rising inflation.
The unexpected two-point rate increase raises borrowing prices for the fourth time in a row. Globally, the rate of price increases has been rapid, owing in part to Russia’s invasion of Ukraine. In Russia, inflation reached 6% in September. Russia…
Higher fuel costs continue to drive up consumer prices in the United States.
Inflation was 3.7% in the 12 months to September, which was the same rate as in August. The Federal Reserve of the United States is contemplating whether it will need to hike interest rates again to stabilize price growth. While…
Microsoft is embroiled in a $29 billion tax dispute in the United States.
The Internal Revenue Service has been auditing the firm’s profit distribution across countries and jurisdictions. However, Microsoft argued that “the issues raised by the IRS are relevant to the past but not to our current practices” . There has long…
UAW auto strike: 8,700 Ford employees in Kentucky go on strike
The UAW reported that 8,700 workers walked out of the truck plant in Kentucky in protest to Ford’s refusal to go forward in contract negotiations. It is a significant increase in the company’s strike against Ford, General Motors, and Stellantis,…
After flights are canceled, a British Airways plane returns to Tel Aviv.
According to BA, flight BA165 has returned to Heathrow after nearly reaching Tel Aviv on Wednesday. According to an airports authority spokeswoman, rockets were flying around Tel Aviv at the time but did not pose an immediate threat to the…
People are finding it difficult to leave Israel as more flights are being cut.
Virgin Atlantic now operates one round-trip flight to and from Tel Aviv per day rather than two, while British Airways continues to operate one round-trip route. EasyJet, Ryanair, Wizz Air, as well as Air France, Lufthansa, and Emirates, have all…
As the conflict escalates, airlines cancel or postpone flights to Israel.
As the security situation in Israel worsens, major airlines around the world have cancelled flights or issued travel advisories. British Airways (BA) has changed its itinerary after Virgin Atlantic warned of cancellations and delays to Tel Aviv. Meanwhile, three US…
Expectations of rate hikes are fueled by strong employment growth in the United States.
According to Labor Department data, employers added 336,000 jobs in September, over doubling the 170,000 predicted. Data for August was also revised higher, showing that 227,000 jobs were generated rather than the previously reported 187,000. The US unemployment rate stayed…
Musk is being sued by a regulator in order to compel testimony in the X investigation.
The Securities and Exchange Commission (SEC) petitioned a federal judge to require him to appear for a third session of testimony about the deal. The lawsuit was filed after receiving a letter from Mr Musk’s lawyer stating that he refused…
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