UK tax burden to reach 30-year high, says IFS
The UK tax burden - the proportion of national income collected in taxes - is set to rise to its highest level in 30...
‘Oceangoing fully autonomous ships in next 15 years,’ says Rolls Royce
The technology revolution taking place on land with the advent of driverless vehicles also looks set to transform sea transport. In the near future,...
US regulator approves $4.2 billion Rover natural gas pipeline from Pennsylvania to Ontario
The US Federal Energy Regulatory Commission has approved the construction of Energy Transfer Partners LP’s $4.2 billion Rover natural gas pipeline from Pennsylvania to...
Trump orders review of Dodd-Frank, an effort to ease US financial regulation
US President Donald Trump has ordered a review of the Dodd-Frank Wall Street Reform and Consumer Protection Act, an act that brought significant changes...
Amazon reports Q4 revenue of $43.7 billion, below market expectations
Amazon reported revenue of $43.7 billion in the fourth quarter, failing to meet market expectations, but a 22% increase compared with revenue of $35.7...
Electric cars ‘could displace 2m barrels of oil per day’ by 2025
Oil companies are seriously underestimating global progress in low-carbon transition. If they continue to assume demand for oil will grow unabated they will likely...
UK house price growth in January dropped to weakest level in over a year
UK house price growth dropped to its weakest level in over a year last month and there are signs that conditions may be about...
Apple reported record quarterly revenue of $78.4 billion for Q1 2017
Apple reported revenue of $78.4 billion for its fiscal 2017 first quarter ended December 31, 2016 – a record for the company.
It was the...
World famous recording studio Abbey Road to run on green energy
The world famous Abbey Road Studios in London, United Kingdom, is to run on wind and solar power as its owner Universal Music UK...
US consumer spending rose 0.5% in December 2016
US consumer spending rose in December amid a rise in wages and disposable income.
According to data from the Bureau of Economic Analysis, personal income...