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Showing posts from November, 2021

US to release oil reserves in attempt to lower prices

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The US has said it is  http://tupalo.com/en/users/3264480 releasing 50 million barrels of oil from its reserves in an attempt to bring down soaring energy and petrol prices The move is being taken in parallel with other major oil-consuming nations, including China, India, Japan, South Korea and the UK. US President Joe  http://www.techbizvideos.com/profile.php?u=jemsromio69 Biden has repeatedly asked the Opec group of oil-producing nations to boost output more rapidly. But Opec has stuck to an agreement to only increase production gradually. It says it is concerned that a resurgence of coronavirus cases could  https://www.classifiedads.com/office_services/db6wks6kf39w9 drive down demand, as happened at the height of the pandemic. Crude oil prices recently touched seven-year highs, amid a sharp uptick in global  https://www.deviantart.com/jemsromio69/art/Wawaza-Keto-Gummies-Reviews-898624194?ga_submit_new=10%3A1637575360 demand as economies recover from the coronavirus crisis. It

Lidl to become UK's highest-paying supermarket

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Lidl has announced pay rises from March next year, which it says will make it the UK's highest-paying supermarket. It will increase its minimum pay for employees outside London to £10.10 an hour, with rates of up to £11.40 for more experienced workers. Higher rates will apply in the capital, the supermarket said. It added that the increase recognised "the hard work and dedication of frontline colleagues during the last 18 months of the pandemic". Earlier this year, Morrisons became the first UK supermarket to pay at least £10 an hour. "Entry-level wages will increase from £9.50 to £10.10 an hour outside of London and £10.85 to £11.30 within the M25 from March 2022, with colleagues earning up to £11.40 and £12.25 respectively, depending on length of service," Lidl said. It comes after official figures on Tuesday suggested that employers are continuing to struggle to fill roles, affecting the hospitality and retail sectors in particular. Job vacancies hit a fresh

P Morgan sues for $162m after Musk tweets

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 JP Morgan Chase is suing Tesla for $162 (£121m) over tweets in 2018 by boss Elon Musk that he could take the electric car maker private. The bank accused Tesla of "flagrantly" breaching a deal it claims should have triggered payments to JP Morgan. Mr Musk's notorious tweets that he had funding to take Tesla off the New York stock market sparked volatility in the share price. He later abandoned the move and was fined by the US financial regulator. JP Morgan's suit, filed in a Manhattan federal court, says the companies had an agreement signed in 2014 that allowed the bank to buy Tesla shares at a set price and date. Under the deal, Tesla sold so-called warrants to JP Morgan allowing the bank to purchase shares if the "strike" price was below Tesla's share price when the warrants expired in June and July 2021. "We have provided Tesla multiple opportunities to fulfil its contractual obligations, so it is unfortunate that they have forced this issue in

UK prices soar at fastest rate for almost ten years

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The cost of living has surged at its fastest pace in almost 10 years, hitting 4.2% in the year to October. It is mainly due to higher fuel and energy prices but the cost of second-hand cars and eating out also rose, the Office for National Statistics said. Inflation is up sharply since Covid restrictions ended this year and the economy reopened. The Bank of England says it may have to raise interest rates in the "coming months" to tackle rising prices. October's reading is far higher than the 3.1% rise recorded in the year to September and more than double the Bank's target of 2%. What is inflation? Inflation is the rate at which prices are rising - if the cost of a £1 jar of jam rises by 5p, then jam inflation is 5%. It applies to services too, like having your nails done or getting your car cleaned. You may not notice low levels of inflation from month to month, but in the long term, these price rises can have a big impact on how much you can buy with your money - s

France investigates rape of soldier at Élysée palace

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French prosecutors have opened an investigation into an alleged rape at the presidential palace in Paris. Local media report a female soldier has said she was sexually assaulted after a drinks reception at the Élysée palace in July. President Emmanuel Macron had earlier attended the event, held for departing staff. The accused - also a soldier - has been questioned, but has not yet been formally charged, reports say. Newspaper Libération first reported the accusation on Friday. Both the alleged victim and accused attacker reportedly worked at a high-security staff office in the building, and Libération said they knew each other. A presidential official told the AFP news agency that "as soon as the authorities were aware of these claims, measures were immediately taken" to support the alleged victim. Both she and the accused have been moved to other duties, the palace has said. On the evening of 1 July, there was a drinks party at the Elysée to bid farewell to a departing seni