The UK restaurant industry is reportedly going bust more quickly than during the Covid crisis due to rising energy prices, shortage of workers, and declining bookings.
According to research by the consultancy company Mazars, closures in the sector increased by 60%, going from 984 insolvencies in 2020–21 to 1,567 in 2021–22. The number includes 453, an increase from 395, over the last three months.
Rebecca Dacre, a partner at Mazars, claimed that insolvencies of restaurant enterprises are currently occurring at a greater ra
Jeremy Hunt, the Chancellor of the Exchequer in the UK, has reportedly announced a rise in funding for state schools in England of $2.7 billion (£2.3 billion) over the next two years. According to the Treasury, this will result in an average fund increase for each student by more than $1188 through 2024–25, compared to last year.
With the additional funds, core school funding will increase from $64.04 billion this year to $70 billion by 2025, fulfilling the government's earlier commitment to reinstate funding for students up to the age of 16 back to 2010 levels in real terms.
According to the Institute for Fi
According to a survey, a large majority of citizens in the UK reportedly believe that the country has a duty to pay for climate projects in less developed and vulnerable nations.
The UN's Cop27 climate summit in Egypt is heavily focused on the topic of wealthy, polluting nations substantially funding developing nations.
Experts have cautioned that the united global action required to overcome the crisis won't be possible without the flow of funds to help in reducing emissions and dealing with severe environmenta
Inflation in the UK reportedly increased to a 41-year high of 11.1% in October, exceeding predictions as energy, transport, and food costs continued to strain businesses and households.
According to a survey, the consumer price index was expected to rise by 10.7% annually, and October's figure marks a rise from the 40-year high of 10.1% reported in September.
The Office for National Statistics (ONS) claimed that despite the launch of the government's Energy Price Guarantee program, the largest rising contributions came fr
Australia and China have recently hosted their first official summit in more than five years in an effort to resolve hostility that impeded trade relations and halted top-level meetings.
According to credible sources, Canberra has tried to keep its hopes low that the meeting will improve ties; rather, it portrayed that the face-to-face talk was a win.
On the sidelines of the G20 summit in Bali, Indonesia, Australian Prime Minister Albanese expressed the pleasure to be a part of a meeting with President Xi Jinping.
Democratic Republic of Congo, Brazil, and Indonesia the three largest rainforest nations have reportedly allied to cooperate on the preservation of forests which follows decade-long talks about a trilateral alliance.
As reported earlier, Brazil’s new president, Luiz Inacio Lula da Silva, would try to find a partnership with the other two countries to pressurize the wealthy nations to finance forest conservation.
These 3 countries represent 52 percent of the world's tropical rainforest, and their representat
Fruit pickers from Nepal have been left with debt worth thousands of pounds after farms across the UK sent them home just weeks after arriving in the country.
According to credible sources, these fruit pickers were hired under the government’s seasonal worker program, with the workers claiming that they were offered work for 6 months. However, less than 2 months after coming to the UK, they were asked to book their flights home as they were no longer needed.
Many workers claimed that they quit their jobs to make a better living
According to federal customs officials and industry sources, due to concerns over China’s slave labor, more than 1,000 shipments of solar energy components valued at hundreds of millions of dollars have accumulated at U.S. ports since June, due to a new law prohibiting imports from China’s Xinjiang region.
This seizure illustrates how a policy meant to put pressure on Beijing over its Uyghur detention centers in Xinjiang runs the risk of halting the Biden government’s attempts to decarbonize the American power sector to combat climate change.
Nicole, the tropical storm has reportedly strengthened into a hurricane this week when it crashed into the Bahamas, battering the country of the West Indies archipelago with ferocious gusts and surf as it churned ever closer to Florida's Atlantic coast.
As reported by the Miami-based National Hurricane Center, Nicole, which had just upgraded to a hurricane, was carrying sustained winds of up to 75 miles per hour as it touched down on Grand Bahama Island.
Captain Stephen Russell, head of the National Emergency Management Agency cla
