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Ofgem tells suppliers to suspend forced installation of prepayment meters, Sky News understands The move comes as an investigation revealed debt collectors working for British Gas forced their way into the homes of vulnerable customers. Paul Kelso Business correspondent @pkelso Thursday 2 February 2023 21:09, UK Ofgem issue a warning of the UK gas supply Image: Ofgem has asked suppliers to review their processes for dealing...
Apple, Amazon and Google all offer gloomy outlooks in quarterly results Fears of a recession have dampened explosive growth enjoyed by tech companies throughout the pandemic. Thursday 2 February 2023 23:19, UK Apple/Itunes takes the number one music slot. Pic: AP Why you can trust Sky News Three of Silicon Valley’s largest companies posted disappointing financial results on Thursday, compounding concerns about a slowdown...
Analysis Adam Boulton: Westminster's 'nepo babies' are here to stay - whether we like it or not Westminster has its own fair share of nepo babies - in the current parliament, elected in 2019, 49 MPs are listed as being related to other current or former members. That amounts to one MP in thirteen, 7.5% of the total membership of 650. Adam...
BUSINESSPAKISTAN Is Pakistan's economic collapse imminent? Shamil Shams in Karachi 18 hours ago18 hours ago The South Asian nation is facing an acute shortage of gas and electricity, and record inflation has put many basic food items out of citizens' reach. But the country's ruling class is caught in a political tug-of-war. https://p.dw.com/p/4N0HW Pakistan last week suffered a nationwide power outage following a breakdown in...
BUSINESSINDIA Adani calls US short-seller fraud report 'attack on India' Murali Krishnan New Delhi 12 hours ago12 hours ago A damning report from US-based short-seller Hindenburg Research alleging widespread fraud at Adani Group has shaved off about $100 billion in market capital from the giant Indian industrial conglomerate. https://p.dw.com/p/4MvKO Last week, Hindenburg Research, a US-based short-selling firm, accused the Adani Group, one of India's largest...
BUSINESSUNITED STATES OF AMERICA US Fed raises interest rates by 0.25 points 02/01/2023February 1, 2023 The central bank appears to be slowing on its aggressive approach of hiking interest rates to tame soaring prices. But the fight against inflation is not over, the chairman of the bank warned. https://p.dw.com/p/4MzUy The US Federal Reserve on Wednesday raised interest rates by a quarter of a percentage...
BUSINESSEUROPE Electric cars reach peak EU market share in 2022 02/02/2023February 2, 2023 Battery electric vehicles have climbed to a record share of new car sales in the EU, albeit still a modest 12.1%. In the last quarter, alternatively powered vehicles outsold petrol and diesel for the first time. https://p.dw.com/p/4Mzlp The number of battery electric vehicles sold in the EU continues to grow rapidly,...
BUSINESSGERMANY Deutsche Bank announces highest profits in 15 years 15 hours ago15 hours ago Germany's biggest bank has said it has posted its highest profits since 2007 following a strategic overhaul in 2019. This comes despite the scandals that have repeatedly beset the lender. https://p.dw.com/p/4N0YI Deutsche Bank, Germany's richest lender, announced on Thursday that its 2022 profits were the highest since a record year...
BUSINESSGERMANY Germany could run out of engineers Kristie Pladson 16 hours ago16 hours ago Germany's population is declining, as is the number of students studying technical fields like science and engineering. To remain an industrial powerhouse, the country will need engineers from abroad. https://p.dw.com/p/4N0HH Robert Weiss grew up in Germany, helping his father fix up cars at home in his free time. It was one...
BUSINESSEUROPE ECB hikes interest rates again in anti-inflation bid 7 hours ago7 hours ago The European Central Bank has raised deposit interest rates by half a percentage point to 2.5%. The move comes despite slowing inflation in the eurozone. https://p.dw.com/p/4N1ak The European Central Bank on Thursday announced a large half-point interest rate hike to combat inflation and said it intended to do the same...
Turkey summons German envoy over consulate closure 7 hours ago7 hours ago Several European countries, including Germany, temporarily shut their consulates in Istanbul this week, citing security concerns. Turkey says they are waging "psychological warfare." https://p.dw.com/p/4N2Tz Turkey on Thursday summoned the ambassadors of nine countries following the temporary closure of a number of European consulates in Istanbul. According to a diplomatic source cited by...
MIGRATIONHUNGARY Hungary fined almost €40,000 over refugee death 6 hours ago6 hours ago The top human rights court in Europe has found Hungary guilty of violating the rights of a refugee who died in 2016. Hungary has one of the worst records on refugee protections in Europe. https://p.dw.com/p/4N2dc The European Court of Human Rights (ECHR) on Thursday sentenced Hungary to an almost €40,000 ($43,700)...
HUMAN RIGHTSUNITED STATES OF AMERICA US: Hundreds of migrant children still apart from family 4 hours ago4 hours ago Under former US President Donald Trump thousands of migrant families were split up at the US-Mexico border. A special task force has been working to reunite children with their parents, but it's got a long way to go. https://p.dw.com/p/4N2lC Almost 1,000 migrant children who were...
POLITICSUNITED STATES OF AMERICA Chinese 'spy balloon' spotted over US, says Pentagon 1 hour ago1 hour ago Washington has been monitoring the balloon since it entered US airspace a few days ago. The Pentagon said it is flying above civilian air traffic and does not pose a threat to people on the ground. https://p.dw.com/p/4N2u4 The Pentagon is tracking a suspected spy balloon belonging to...