The UK is set to experience the steepest slowdown in growth among G20 economies as a result of the war involving Iran, the OECD warns.The organisation now expects UK GDP to expand by just 0.7% this year, a marked downgrade from its earlier 1.2% forecast.At the same time, UK inflation is projected to rise to about 4%, up sharply from previous estimates. Global forecasts were also adjusted.While...

Leicester-based JM Wholesale, a major UK distributor of vaping and CBD products, has been put into administration after a notice was filed on March 20.The filing was made through law firm Shakespeare Martineau, with Christopher Lewis and Chris Newell of Quantuma appointed as administrators.The company sells a wide range of items including vape devices, e-liquids, disposable vapes and nicotine...

A major industry group is warning the UK it must boost domestic oil and gas production to avoid growing dependence on imported fuel as global tensions push prices higher.Offshore Energies UK (OEUK) says the government should rethink its ban on new North Sea exploration licences, arguing that Britain risks exposure to supply shocks if more home-grown output is not allowed.Energy markets have...

A leading offshore trade group has urged the UK government to allow more North Sea oil and gas activity, warning that shrinking domestic output is leaving the nation exposed to volatile global markets.Offshore Energies UK (OEUK) said recent supply shocks and rising crude prices have underlined the need for more home-grown hydrocarbons to reduce import dependence.The trade body pointed to...

The UN's weather agency says Earth is accumulating heat faster than ever recorded, creating an unprecedented imbalance that is already reshaping the climate.Experts point to rising greenhouse gas levels as the main driver of this extra trapped energy, which last year pushed ocean and ice measurements to new extremes.The World Meteorological Organization reports that the past 11 years are the...

Germany's shortage of skilled workers has pushed employers to recruit abroad, and India has emerged as a major source of talent.With retirees outnumbering young entrants, businesses from bakeries to construction sites are looking overseas to keep operations running.Demographic trends are at the heart of the problem. A recent study by the Bertelsmann Foundation found Germany needs roughly 288,000...

Another surge in energy prices has jolted Europe, reviving memories of the 2022 shock that followed Russia’s invasion of Ukraine.This time the trigger is instability in the Middle East, which has disrupted key shipping routes and sent markets into a fresh tailspin.The EU had vowed to end its heavy dependence on Russian fuels after 2022 and moved quickly: Russia now supplies almost none of the...

A fresh shock from the Middle East has sent energy markets reeling and reopened a debate Europe hoped it had settled.Months after stepping away from Russian fuels, EU capitals now face sharp price jumps and renewed political pressure as supplies tighten.After Russia’s 2022 invasion of Ukraine, the EU moved quickly to cut dependence on Moscow. Oil flows from Russia have almost disappeared for...

A recent Oscar-winning documentary has exposed how Russia’s wartime messaging has seeped into primary schools, placing children at the center of an expanding state-led patriotic program.Footage from a provincial town in the Urals, filmed by school events organiser Pavel Talankin, shows pupils taking part in flag ceremonies, scripted lessons and other activities that promote a...

The UK has expanded permission for US forces to operate from British bases to strike Iranian missile sites linked to attacks around the Strait of Hormuz.Ministers said the change is intended to protect merchant shipping in the vital waterway and is being carried out under the principle of collective self-defence.Downing Street stressed Britain will not take a direct combat role in any US...