Government borrowing came in well below expectations in July, offering some short-term relief to chancellor Rachel Reeves as she prepares her autumn budget. Public sector net borrowing totalled £1.1 billion last month, the Office for National Statistics (ONS) said – less than half the £2.6 billion
British manufacturers face hundreds of millions of pounds in additional costs each year after the United States sharply increased tariffs on exports containing steel and aluminium. President Trump has extended so-called Section 232 measures, imposing a 25 per cent duty on a wide range of finished
BW FILE PHOTOPHILIPPINE SHARES may rise slightly when the market reopens on Friday as investors reposition before the US Federal Reserve Chair Jerome H. Powell’s speech at their annual gathering and the Bangko Sentral ng Pilipinas’ (BSP) policy meeting next week, where it is expected
Bremervörde (Germany) – The highly anticipated IAA Mobility event has been captivating car enthusiasts with its showcase of cutting-edge innovations, from autonomous driving to advanced safety technologies. However, amidst all the attention on these advancements, one key aspect of comfort is often overlooked – the
Two in five UK crypto investors have had payments blocked or delayed by their bank when trying to buy digital assets, according to new research by IG.The study highlights growing tensions between retail investors and high street lenders, with 40% of crypto users saying they
BW FILE PHOTOTHE Philippine Amusement and Gaming Corp. (PAGCOR) said it has no immediate plans to lift its moratorium on issuing new licenses for online gaming platforms.Asked whether the moratorium, which began on March 1, 2024, will continue, PAGCOR Chairman Alejandro H. Tengco told BusinessWorld:
REUTERSTHE Department of Energy (DoE) said rules for trading carbon credits are expected to be released next month.Speaking to reporters on Wednesday, Energy Undersecretary Felix William B. Fuentebella said the DoE will release general guidelines governing the issuance, management and monitoring of carbon credits in
THE Board of Investments (BoI) said it endorsed Pacific Impact Energy Corp.’s (PIEC) solar power project in Sual, Pangasinan for green-lane treatment.In a statement on Thursday, the BoI said it has awarded a green-lane certificate for the company’s 61.551-megawatt-peak Capantolan Solar Power Project, making the
Gov’t budget utilization rate hits 94% in July - BusinessWorld Online BW FILE PHOTOTHE cash utilization rate of government agencies hit 94% at the end of
REUTERSCHICKEN production in the three months to June rose 8.2%, the Philippine Statistics Authority (PSA) reported, reflecting the switch to other meats due to high pork prices.Chicken produced in the second quarter amounted to 563.04 thousand metric tons (MT).In 2023 and 2024, chicken production rose
Better-tasting rice to be cultivated in next planting - BusinessWorld Online PHILIPPINE STAR/MICHAEL VARCASTHE Department of Agriculture (DA) said it will encourage the cultivation of high-yielding
COMMONS.WIKIMEDIA.ORGTHE Tariff Commission (TC) said anti-dumping duties will continue to be imposed on imports of ordinary Portland cement (OPC) Type 1 and blended cement Type 1P from Vietnam.“There is a need for the continued imposition of anti-dumping duty to protect the domestic cement industry against