The British Labour Party has pledged to relax planning restrictions for onshore wind farms in England within weeks if it wins the upcoming parliamentary elections, aiming to convince voters of their renewable energy plans. This news was reported by the Financial Times. Currently, Labour leads the Conservatives in opinion polls and believes that developers’ ability […]
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The DAX manages to avoid further declines at the start of the week, yet a robust recovery is not in sight. Political and economic uncertainties dominate the market sentiment. After a promising start to the trading day, the DAX slipped back again. Currently, it shows a modest gain of just 0.2% at 18,040 points. Portfolio […]
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In an unexpected twist, regular wages in the UK have surged by 6.0% in the first quarter of 2024 compared to the same period last year, outstripping forecasts and catching the eye of the Bank of England (BoE) as it contemplates an interest rate cut. Economists surveyed by Reuters had predicted a wage increase of […]
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Metro Bank has recently unveiled its strategy to downsize its workforce by 20%, equating to approximately 800 job cuts, as part of a comprehensive plan aimed at rescuing the bank from financial strain. The challenger bank, facing substantial challenges, had previously announced a cost-cutting initiative amounting to £30 million. However, to fortify its financial standing, […]
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In the early hours of Monday’s Asian session, the EUR/USD pair finds itself in a tight trading range, hovering just above the mid-1.0500s. The first day of the week witnesses the currency struggling to establish a clear direction as it grapples with various market forces. The daily chart paints a bearish picture, depicting the formation […]
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The euro fell against the dollar on Tuesday after the release of data showing that economic activity in the United States (US) advanced, in an environment of risk aversion due to geopolitical tensions. At 6pm (Lisbon time), the euro was trading at 1.0678 dollars, while on Monday around the same time it was at 1.0706 […]
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