Millions of Brits to pay more in 'stealthy' taxes despite PM Truss' cuts, study finds
Millions of Brits are set to pay more in "stealthy" taxes even as new Prime Minister Liz Truss has pledged to ease the burden on households.
CNBC Europe
U.S. delivers angry rebuke of massive OPEC+ production cut — and it could backfire for Saudi Arabia
Energy analysts believe the deep production cuts could yet backfire for OPEC kingpin and U.S. ally Saudi Arabia.
London, Paris, Frankfurt and beyond: CNBC names Europe's best hotels for business travel
After months of research, CNBC and Statista release the rankings of the best hotels for business travelers in more than 50 cities across Europe.
Europe's gas storage is almost full for winter. But the IEA fears next year may be very difficult
"So this winter is difficult, but next winter may also be very difficult," the executive director of the International Energy Agency warned.
Washington sees OPEC+ oil production cuts as a political 'blow against Biden,' says Dan Yergin
"It's seen as somehow political interfering in the U.S. election, although the cut doesn't go into effect until November," said the vice chair of S&P Global.
Credit Suisse 'may or may not' be a Lehman moment but something is going to break, Sri-Kumar says
Over the weekend, several media outlets reported that Credit Suisse sought to assuage investors' concerns over its financial health
Virgin Atlantic ceases operations in Hong Kong, cites Russian airspace closure ‘complexities’
British airline Virgin Atlantic announced Wednesday it was permanently ceasing operations in Hong Kong due to issues related to the closure of Russian airspace.
Apple reportedly in talks to make AirPods and Beats headphones in India
Apple has asked suppliers to begin making some of its AirPods and Beats headphones in India as early as next year, according to a Nikkei Asia report Wednesday.
France's nuclear energy strategy — once its pride and joy — faces big problems this winter
Deep-rooted problems with France's nuclear-heavy energy strategy are raising serious questions about its winter preparedness.
Europe made a mistake with Russia's energy and now it needs to spend, Sen. Chris Murphy says
U.S. Senator Chris Murphy on Tuesday criticized Europe's overreliance on Russian energy and urged the region to start investing in alternate energy sources.
Air cargo rates slump but some companies see long-term strength
Air freight is a tiny part of the overall cargo market, but it's been pushed to the forefront during the pandemic.
Britain's market-rocking tax cuts have been compared to 'Reaganomics.' But there are differences
Comparisons between the ideology of Liz Truss, who became U.K. prime minister earlier this month, and Ronald Reagan have come thick and fast.
These are the most and least expensive major U.S. cities based on the average cost of monthly expenses
A new report from Doxo, broke down comparative household bill costs across the 50 largest cities in the U.S.
Credit Suisse shares pare losses after earlier plunging as much as 10%
Credit Suisse executives are in talks with investors to reassure them amid rising concerns over the bank's financial health, the Financial Times reported.
UK finance minister pledges no more distractions after ‘tough day’ sees U-turn on top tax rate
U.K. Finance Minister Kwasi Kwarteng on Monday said the government would not be distracted from delivering on its growth plan.
UK government abolishes plan to cut tax on high earners in major U-turn
The U.K. government on Monday reversed a planned scrapping of the top rate of income tax, after a public backlash and major market turbulence.
Britain's tax cut pivot might not be enough to quell market mayhem
The U.K. government's reversal on scrapping the top rate of income tax is down to political optics and will not reassure market skittishness, analysts told CNBC Monday.
Pro-Russian groups are raising funds in crypto to prop up military operations and evade U.S. sanctions
Pro-Russian groups have raised $400,000 in cryptocurrency since the start of the Ukraine invasion to fund paramilitary operations and evade U.S. sanctions.
Russian pipeline leaks spark climate fears as huge volumes of methane spew into the atmosphere
Climate scientists described the gas leaks as a "reckless release" of greenhouse gas emissions that, if deliberate, "amounts to an environmental crime."
U.S. announces new sanctions on Russia in response to Ukraine annexation
The sanctions on hundreds of Russian officials and firms highlight the cat and mouse game between Western governments and Russian military suppliers
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