Business

Mick Lynch announces retirement as head of RMT

Mick Lynch announces retirement as head of RMT

RMT's Mick Lynch, 63, to retire in May after leading strikes since 2021. He faced criticism despite securing a new deal.

M&S Christmas cheer hit by uncertain outlook for UK

M&S Christmas cheer hit by uncertain outlook for UK

UK retailers face rising costs (NI, wages). M&S & Tesco had strong Christmas sales but are cautious. Inflation predicted to rise, impacting prices.

Why are UK borrowing costs rising and what does it mean for me?

Why are UK borrowing costs rising and what does it mean for me?

UK borrowing costs are soaring due to global concerns & weak economy. This could lead to cuts in public services, tax hikes & impact mortgages.

Pound falls and bond yields rise but UK rules out emergency action

Pound falls and bond yields rise but UK rules out emergency action

Pound hits a yearly low, UK borrowing costs at 16-year high. Gov. may raise taxes or cut spending. Market volatility is a global issue.

Oman forecasts $29 billion public revenue for 2025, 1.5 percent increase from 2024

Oman forecasts $29 billion public revenue for 2025, 1.5 percent increase from 2024

Oman's 2025 budget projects $29B revenue, $30.6B spending, with a deficit covered by borrowing/reserves. Focus on social services, debt reduction & growth.

BRICS bloc officially welcomes Indonesia as new member

BRICS bloc officially welcomes Indonesia as new member

Indonesia joins BRICS, aiming to boost cooperation with developing nations and reshape global governance. The move is seen as a counter to Western influence.