Newsletter May 16, 2023

Europe resists energy crunch, boosting growth forecast

Consumer price inflation is expected to drop back to 2.8 percent in 2024, still above the European Central Bank's two percent target.

UN efforts to save Black Sea grain deal to continue in coming days

The U.N. aid chief said on Monday efforts will continue in coming days to extend a deal allowing the safe Black Sea export of Ukraine grain, a pact Russia has threatened to quit on May 18 over obstacles to its grain and fertilizer exports.

Britain participates in major NATO exercise near Russian border as geopolitical tensions continue

Britain has deployed 1500 troops in a major NATO exercise in Estonia. British troops are set to participate among 14,000 personnel from 11 NATO member-states.

Stocks skittish on mixed European data, debt standoff

European markets fell in the red after starting the day in the green.

Ukraine leader targets 'jets coalition' on UK visit

The visit came as a Russian missile strike killed four people and hit a hospital in eastern Ukraine

Study reveals more than 80% of UK business owners dread labour shortages

The labour shortage challenge may persist for some time, given the impact of COVID-19 and the post-Brexit points-based immigration system's implementation.

Ikea vows lower prices as it boosts investments

Inflation in the United States and Europe is easing after central banks hiked interest rates to cool the economy.

Musk gives in to government pressure, censors tweets before Turkey election

Elon Musk, a self-proclaimed free speech absolutist, has come under fire for reportedly censoring the Twitter accounts of opponents of the Turkish government.

France probes Apple over restricting smartphone repair

Apple in 2020 agreed to pay 25 million euros (then $27.4 million) for failing to tell iPhone users that software updates could slow down older devices.

AI regulation poses pressing challenge to governments and businesses seeking safe innovation

As AI innovation makes the possibility of superintelligent machines seem ever more real, governments and societies around the world face the regulatory challenge of ensuring AI is aligned with human interests.

Small British Businesses Face Export Dilemma

As British SMEs recover from the effects Covid-19, and other economic struggles, they navigate potential markets by engaging in international trade

Record number of Indian-owned companies in the UK ahead of UK-India Free trade agreement

UK-India free trade agreement may 'boost' the growing number of Indian-owned companies in the UK, but question marks remain on Britain's post-Brexit position.

NBA: Grizzlies suspend Ja Morant for flashing gun on livestream

Morant had already been suspended for a similar offence back in March.

England captain Jos Buttler sets unwanted IPL record

IPL 2023 is currently underway in India.