The European Union's GDP will grow by 5%. in 2021, 4.3 percent in 2022 and 2.5 percent. in 2023 - results from the autumn forecast presented today by the European Commission in Brussels. The latest forecasts are partly more optimistic than summer forecasts.more
There are more delegates at COP26 associated with the fossil fuel industry than from any single country, analysis shared with the BBC shows. Campaigners led by Global Witness assessed the participant list published by the UN at the start of this meeting.more
Customers are Christmas shopping early, retailer Marks & Spencer has said, with nearly half expecting to have finished buying gifts by the end of November.more
19 percent of the respondents stated that their financial situation had improved in the last 12 months; 42 percent claims that at that time did not notice any changes in their material status, 39 percent however, that their material status has deteriorated - it follows from the IBRiS survey for "Rzeczpospolita".more
One of Oxford University's colleges, Linacre College, said it would change its name after receiving a record donation from Vietnamese richest Nguyen Thi Phuong Thao. This sparked controversy in both the United Kingdom and Vietnam.more
The main company in the Ikea flat-pack furniture retail empire warned that profits would fall for two successive years after the group said it would be forced to raise prices due to the supply chain crisis and higher raw material costs.more
Sainsbury’s has revealed a jump in half-year profits despite falling recent sales after its Argos business was knocked by supply chain challenges and easing demand following the lifting of pandemic restrictions.more
Due to global problems with broken supply chains, stores in Poland struggle with shortages of goods and delays in supply. This is a challenge for the sales peak that is just about to start - points out in today's issue of "Rzeczpospolita".more
The Bank of England (BoE) has decided to keep its main interest rate at a record low of 0.1%, despite forecasts that inflation, which is already high, could reach as much as 5% in the coming months.more
British financial institutions and listed companies will have to publish plans to achieve net-zero greenhouse gas emissions from 2023, announced British Finance Minister Rishi Sunak during the UN climate conference COP26.more
Three quarters of Poles limit their spending in response to rising prices. For companies this means a great challenge, because the focus of shoppers' attention is even more than usual on promotions - writes "Rzeczpospolita" today.more
The end of Britain's furlough programme has not led to a surge in new job-seekers, according to data that suggests unemployment is unlikely to rise sharply and could bolster the case for a Bank of England interest rate hike.more
While the participants of the UN climate change conference COP26, which begins today, broadly agree that climate change is happening, it is related to human activity and must be stopped, there are already divergences as to how to do it.more
The impact of Brexit on the UK economy will be worse in the long run compared to the coronavirus pandemic, the chairman of the Office for Budget Responsibility has said.
more
Chancellor Rishi Sunak has set out changes to universal credit he says will give low income families an extra £1,000 a year. In an upbeat Budget speech, he said the UK economy had not been hit as hard by the Covid pandemic as expected.more