An increasing number of Dutch companies are paying their employees one-time bonuses to cushion the effects of high inflation, the NOS portal reports. The amounts range from €150 to €2,000.more
The Bank of England (BoE) today raised its main interest rate from 2.25 percent to 3 percent, putting it at its highest level since 2008, and warned that the recession the British economy is already in could be the longest since statistics have been kept.more
The Baltic Pipe receiving terminal was launched in Nybro in western Denmark at the beginning of November, Danish gas grid operator Energinet announced. Thanks to the investment, Norwegian gas has started flowing to Poland.more
Around 1,300 McColl’s workers are at risk of redundancy as part of proposals to shut 132 loss-making stores.
Morrisons, which rescued the convenience chain from administration earlier this year, confirmed the news this afternoon.more
Poles feel the effects of price increases more and more. In October, 86% declared a strong or very strong feeling of inflation. of respondents - results from a survey conducted by CBOS.more
The British government is carrying out exercises to deal with power cuts of up to seven days that may arise as a result of an energy crisis, the Guardian reported.more
We are heading towards a recession, we expect negative economic growth in Sweden next year, announced Swedish Finance Minister Elisabeth Svantesson.more
Many customers with prepayment meters have not yet redeemed vouchers to help with energy bills, the BBC has learned.
From 1 October, households should have begun to receive the first £400 instalment of the government's Energy Bill Support Scheme.more
In the first half of 2022, the most expensive electricity prices were in Denmark, Belgium, Germany and Italy. The lowest prices were in the Netherlands, Hungary, Bulgaria and Malta, according to Eurostat data.more
Marks & Spencer is to begin hiring out capsule wardrobes of 10 different outfits for up to a month, promising a more environmentally friendly and economical way for shoppers to regularly change their look.more
From January 1 next year, the United Kingdom will completely stop importing Russian liquefied natural gas (LNG), recalled the British Foreign Ministry on Friday.more
"There are tougher years ahead of us, harsh years." - announced German President Frank-Walter Steinmeier in an address to the nation at Berlin's Bellevue Palace.more
New British Prime Minister Rishi Sunak has restored a moratorium on hydraulic fracturing to extract shale gas that was lifted by his predecessor Liz Truss, his office confirmed yesterday.more
According to an analysis of prices from nearly 19,000 stores, candles became more expensive on average by more than 19% year-on-year. The strongest increase was in supermarkets and hypermarkets - by more than 38% and 33%, respectively. Of the five formats surveyed, reductions were recorded only in cash&carry - by nearly 5%.more
British Finance Minister Jeremy Hunt today announced the postponement of the fiscal plan scheduled for next Monday - and eagerly awaited by financial markets - to November 17. As he explained, this will help make "tough decisions that will stand the test of time."more
University lecturers, librarians and admin staff across the UK will strike over pay and pensions, the University and College Union (UCU) has announced.more
