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The price of electricity in the UK has risen sharply recently. According to Reuters, the energy-intensive sectors of the British economy feel the difference in electricity prices in the UK and EU countries, which is increasing for the third year in a row. British companies have to pay for electricity 2 times more than their French competitors, and 50% more than German steelmakers. The leaders of the UK steel companies believe that the British government must take urgent measures to protect the steel industry, which lost 7,000 jobs, or almost a quarter of the workforce, during the crisis period from September 2015 to March 2017. Government protection measures are especially needed by the industry in the run-up to Brexit.
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
Gold prices traded lower in Asia on Friday morning amid hopes for COVID-19 vaccines from the U.S. and U.K. bolstered investor appetite. Sentiment was further boosted with the European Central Bank (ECB) signaling that it may leave interest ...
Gold prices fell earlier on Tuesday in Asia as the Dollar strengthened, pulling traction away from the yellow metal. Gold futures fell by 0.85% to $1,798.65 per ounce at 1:12 AM ET (6:12 AM GMT), still remaining above the $1,800 level. Losses ...
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