Price inflation: five ways stronger UK supply chains can help reduce rising food costs

May 25, 2023 14:34 pm UTC| Economy

Annual price inflation has recently fallen below double digits, but food costs are still rising rapidly. Official UK figures show food prices rose by 19.1% in the year to April 2023. To prevent further increases, the UK...

Europe Roundup: Sterling gives up initial gains after hot UK inflation figures, European shares slump to three-week lows, Gold little changed, Oil prices up after bullish Saudi comments, falling U.S. stockpiles

May 24, 2023 12:25 pm UTC| Market Roundups Economy

Market Roundup UK Apr CPI (MoM) 1.2%,0.8% forecast,0.8%previous UK Apr CPI, n.s.a 130.40, 128.90 previous UK Apr Core RPI (MoM) 1.4%,2.1% forecast,0.7% previous UK Apr RPI (YoY) 11.4%,11.2% forecast,13.5%...

Virgin Orbit Closes After Bankruptcy Declaration, Sells Remaining Assets

May 24, 2023 10:03 am UTC| Business Economy

Virgin Orbit, the spin-off of Richard Bransons Virgin Galactic space tourism business, filed for bankruptcy last month, and now the company is completely shutting down. Before the closure, the company that makes and...

Apple Reveals Broadcom Deal to Develop 5G Components

May 24, 2023 08:44 am UTC| Business Economy Technology

Apple Inc. revealed it has teamed up with Broadcom Inc. for the development of 5G radio frequency parts in the United States. The companies signed a multi-billion deal for the partnership. With the cooperation between...

DSME to Start Afresh as Hanwha Ocean After Completion of Takeover Deal

May 24, 2023 07:40 am UTC| Business Economy

DSME or Daewoo Shipbuilding Marine Engineering Co., Ltd has been sold, and it is now owned by the Hanhwa Group. The acquisition deal has been completed this month, and now the shipbuilding company was rebranded with a...

Naver Reportedly Blocked in China

May 24, 2023 07:16 am UTC| Business Economy

Naver is a leading online platform in South Korea, and it is accessible in other countries too. However, in a recent report, it was said that the web portal was suddenly blocked in China. In response to the news, the...

Coca-Cola Launches Enigmatic Soda Brand OOHA in Thailand

May 23, 2023 23:45 pm UTC| Life Economy Business

Coca-Cola is launching a new drink with an undefined flavor, dubbed OOHA, in Thailand. OOHA promises an explosion of two flavors, such as lychee and yogurt, lemon and salt, and peach and oolong tea, with every...