Money Moves

In the Netherlands, the government’s campaign “Flip the Switch” aims to reduce electricity consumption during peak hours by advising viewers to limit usage between 4 PM and 9 PM. This effort highlights challenges within a nation recognized for its advanced economy and strong renewable energy efforts. While the country leads Europe in electric vehicle charging […]

The Institute for Fiscal Studies (IFS) has urged the Chancellor to adopt a “bold” approach in the upcoming Budget to avoid potential future spending cuts and tax increases. The IFS estimates that Chancellor Rachel Reeves will need to address a £22 billion deficit in government finances, indicating that tax increases are likely necessary. The IFS

President Donald Trump has stated that Indian Prime Minister Narendra Modi has committed to halting the purchase of Russian oil as part of the U.S. efforts to exert economic pressure on Russia amid the ongoing conflict in Ukraine. Trump mentioned receiving assurances from Modi that India would cease its purchases “within a short period of

A company associated with Baroness Michelle Mone, PPE Medpro, has missed a deadline to repay £122 million following a breach of a Covid-19 personal protective equipment (PPE) contract. The Department of Health and Social Care (DHSC) won a legal case against PPE Medpro earlier this month, with the court ruling that some of the supplied

US officials have accused China of violating a trade agreement established earlier this year, marking a significant increase in tension between the two nations. US Trade Representative Jamieson Greer and Treasury Secretary Scott Bessent criticized China’s recent decision to restrict exports of rare earth elements, labeling it as “economic coercion” and a strategy for acquiring

Energy sector leaders have expressed skepticism regarding Ofgem’s recent proposals to reform standing charges for electricity. These plans, announced in September, would require all energy suppliers in England, Scotland, and Wales to offer at least one tariff that features lower standing charges, with higher costs for energy consumed. During a session with the Energy Security

The United Kingdom is implementing new sanctions targeting Russia’s major oil companies and its network of oil tankers, referred to as the “shadow fleet,” as part of efforts to limit funding for the war in Ukraine. The government is also focusing on an Indian oil refinery and several Chinese oil terminals in a broader set

Michael Galletly, an employee of the Department of Agriculture in Utah, has recently begun preparing for the financial uncertainty posed by the government shutdown. Galletly, who is also the president of the American Federation of Government Employees Local 4016, noted that he could sustain his expenses for two to three months on savings. However, he

Senior bankers in the UK will soon have access to bonuses more quickly due to a relaxation of rules established following the 2007/2008 financial crisis. Previously, bankers had to wait up to eight years to receive their bonuses in full, ensuring that the profitability of the deals for which they were rewarded was assessed over

The International Monetary Fund (IMF) recently released its October 2025 World Economic Outlook. While the report does not mention former President Trump specifically, it indirectly addresses the ongoing challenges his economic policies impose on the global economy. Critics have noted a noticeable decline in Australian tourists traveling to the United States, raising questions about the