BBC News Archives — City Business News

November 23, 2022 No Responses

Report: UK Faces Worst Downturn Of Any Advanced Economy

(BBC) The UK economy will suffer a bigger blow from the global energy crisis than other leading nations, according to international body the Organisation for Economic Cooperation and Development. The UK will contract by more than any other nation in...

March 29, 2022 No Responses

Why India Is Buying More Russian Oil

(BBC) Russia is seeking new markets for its oil exports as Western sanctions tighten – and India has been taking advantage of discounted prices to ramp up imports from the country. The US has said that although these oil imports...

March 22, 2022 No Responses

Shell Reconsiders Exit From Oil Field Off Shetland

Shell is reconsidering its recent decision to pull investment from a large new UK oil field, the BBC understands. In December, Shell said the economic case – along with possible regulatory delays – meant it was withdrawing from the Cambo...

June 18, 2020 No Responses

Nigerian Crowds Welcome Return Of English Football

The Manchester City-Arsenal game may have been played in an empty stadium in north-west England on Wednesday night because of the coronavirus pandemic but 6,500km (4,000 miles) away in Nigeria’s commercial capital, Lagos, there was little sign of any soc...

June 7, 2020 No Responses

“Post-COVID Recovery Should Lock In Ocean Sustainability“

The Commonwealth Secretary-General, Patricia Scotland is urging governments to ensure their countries’ post-COVID economic recoveries are environmentally sustainable and safe for the ocean. Forty-seven of the Commonwealth’s 54 member countries ha...

May 7, 2020 No Responses

Uber Sacks 3,700 Full-Time Staff

Uber has announced plans to cut 3,700 full-time staff – about 14% of its workforce – as business plunges following pandemic shutdowns. Chief executive Dara Khosrowshahi will also waive his base salary – set at $1m (£809,690) in 2019 –....

April 29, 2020 No Responses

British Airways To Cut 12,000 Jobs

British Airways is set to cut up to 12,000 jobs from its 42,000-strong workforce due to a collapse in business because of the coronavirus pandemic. The airline’s parent company, IAG, said it needed to impose a “restructuring and redundancy programm...