Political News
Porsche makes €75bn debut on choppy markets
Shares in Porsche AG pushed higher on Thursday after the luxury car marque made its €75bn debut on the Frankfurt market.
Government 'undercutting' UK economic institutions - Carney
The former governor of the Bank of England has accused the government of "undercutting" some of the UK’s economic key institutions following its controversial mini-budget.
Kwarteng to reassure bankers over his massive tax cuts
The chancellor is to hold a meeting with bankers, it was reported on Wednesday morning, amid the ongoing fallout from his ‘mini-budget’ and its swingeing tax cuts last Friday.
IMF urges UK government to 're-evaluate' controversial mini budget
Pressure continued to mount on the UK on Wednesday, after the International Monetary Fund urged the government to reconsider its planned tax cuts on fears they will stoke inflation.
Leaks discovered on Nord Stream pipelines
Sweden and Denmark have warned ships to avoid an area of the Baltic Sea after unexplained leaks were discovered in both Nord Stream pipelines, it emerged on Tuesday.
Markets react calmly to right-wing coalition's election win in Italy, for now
Financial markets reacted calmly to the victory by a right-wing coalition in Italian elections at the weekend.
Chancellor slashes taxes in bid to boost growth
Newly-appointed chancellor Kwasi Kwarteng unveiled his plans to boost economic growth on Friday, including axing the cap on bankers’ bonuses, abolishing the highest rate of income tax and permanently increasing the stamp duty threshold.
Germany to nationalise gas importer Uniper
Germany is to nationalise struggling gas importer Uniper as it looks to shore up supply over the winter, it was announced on Wednesday.
Business energy bills to be capped during winter months
Business energy bills are to be discounted for six months, the government confirmed on Wednesday, in response to surging wholesale energy prices.
Kwarteng mulls scrapping cap on bankers' bonus - reports
Newly-appointed chancellor Kwasi Kwarteng is considering scrapping the cap on bankers’ bonuses, according to reports.
Truss: household energy bills to be capped at £2,500
Household energy bills are to be capped at £2,500 for the next two years, under plans announced by new prime minister Liz Truss on Thursday.
Putin threatens to halt energy supplies over price cap
Vladimir Putin has warned that Russia could cut off energy supplies if price caps are imposed on oil and gas exports.
Truss to freeze energy bills - report
Incoming prime minister Liz Truss is planning to fix annual energy bills for households at the current cap, it was reported on Tuesday.