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Commodities

UK 4th in Europe for standard of living, crushing inequalities remain
Living standards in the UK are the fourth highest in the EU, according to new figures. The release of the Eurostat report comes as Shadow Chancellor Ed Balls warns the latest austerity measures could plunge the UK into a new depression era.

11.12.2014 13:04

​Brent crude hits new 5yr low
Oil plunged to a new five-year low with Brent futures for January falling below $66 per barrel on the London International Petroleum Exchange. The latest rout is due to banks and energy groups lowering price forecasts due to the continued supply glut.

08.12.2014 14:34

4.3mn tons of food thrown away by firms annually – amid rife hunger & poverty
Supermarket giant Morrisons binned of 10,000 Cornish pasties after their delivery driver arrived 17 minutes late for collection, according to a report on hunger in the UK. The report also found that 4.3 million tons of edible food is discarded annually.

08.12.2014 11:31

Teetotal Muslims ‘to blame’ for pub closures – Tory peer
A former brewery boss and Tory peer has blamed the closure of “many” British pubs on the rise of non-drinking Muslims communities. Lord Hodgson also said cut-price alcohol in supermarkets was a problem for the industry.

05.12.2014 11:55

Gold tumbles to 3-week low after Swiss decide not to hoard
Gold fell 2 percent after Swiss voters rejected a plan that would have required the Swiss National Bank to increase its gold reserves and eventually have all Swiss bullion stored in Switzerland.

01.12.2014 10:41

Swiss, French call to bring home gold reserves as Dutch move 122 tons out of US
The financial crisis in Europe is prompting some nations to repatriate their gold reserves to national vaults. The Netherlands has moved $5 billion worth of gold from New York, and some are calling for similar action from France, Switzerland, and Germany.

28.11.2014 04:07

​OPEC may decide to give Iraq, Iran, and Libya immunity from oil supply cut
Should OPEC decide to cut production this week in an effort to boost oil prices, media reports suggest that Iraq, Iran, and Libya could be given an exemption from making supply reductions.

25.11.2014 14:03

Russia and Saudi Arabia against ‘politicized’ oil prices – Lavrov
Moscow and Riyadh both want to see oil prices react to market forces, and not to geopolitical muscle flexing, Russian Foreign Minister Sergey Lavrov, said Friday.

21.11.2014 11:56

​Dump ‘n’ ride: Poo-powered, eco-friendly bus hits UK streets
Britain’s first poo-powered bus has done the business - making its maiden journey through the west of England. The bus service, which will run between Bristol and Bath, is completely powered by treated sewage and food waste.

20.11.2014 13:51

‘Reckless or malicious’ civilian drone use ‘harassing’ public – police
Unlicensed drones controlled by members of the public are being used to harass people, police chiefs have warned. They further warn the technology is being used in protected airspace.

18.11.2014 11:55

Bird Flu discovered on Yorkshire farm – health risk low
A strain of avian flu has been discovered on a British poultry farm, officials have confirmed. Experts maintain that the risk to public health is “very low.”

17.11.2014 09:47

​Young Brits to work longer than grandparents, earn less than parents
The generation currently entering employment can expect to do more jobs and be paid less than previous generations, new figures show.

14.11.2014 15:08