Already having faced an energy crisis five years ago, more European consumers believe they are “one Trump-ignited war away” from crushing costs.
Category: Great Britain
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The ‘Perfect Storm’ Hanging Over Britain’s Public Debt
Bond investors are expected to scrutinize the results of critical local elections on Thursday as the war in the Middle East adds inflation pressure on the government.
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Trump’s Tariff Reversal Reopens a Major Market for Scotch Whisky
A 10 percent tax on American imports was hurting British sales, even though exporters had increased sales in India, China and other countries.
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Why Countries Are Stocking Up on Gold
As risk has escalated, central banks have bought more gold to stash in reserve. A widening Middle East war could add to the urgency.
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Rising Fuel Prices Could Force Excruciating Choices on Economic Policies
The European Central Bank and Bank of England were expected to hold interest rates steady on Thursday while searching for signs of possible longer-term damage.
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European Airlines Face Fuel Shortages Within Weeks
If tankers do not soon begin crossing the Strait of Hormuz, airlines in Europe may not have enough jet fuel to operate all of their flights.
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Theater Tickets Are Cheaper in London Than New York. What Gives?
For half the price of a great seat at a Broadway show, you can see “Paddington” in the West End (if you can find a ticket) and snack on a marmalade sandwich.
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Countries Scramble to Shore Up Global Oil Supplies as Ships Are Attacked
The United States and Israel launched more strikes against Iran, where crowds mourned military commanders killed in the war. Israel also bombed targets in Lebanon, where the death toll climbed.
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Japan and Germany Say They Will Release Oil
Officials in Tokyo and Berlin said they planned to release oil from their strategic reserves to address disruptions of supplies from the Middle East.
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Fed Up With High Costs, American Theater Takes a Trip to London
Skyrocketing budgets and falling profitability have driven a new form of offshoring, with U.S. producers staging shows across the Atlantic.
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U.K., Australia and Others Worse Off Under Trump’s New Tariffs
Many important U.S. trading partners are facing higher duties after President Trump, reacting to a Supreme Court setback, set the rate on a new set of global tariffs at 15 percent.