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US inflation rate eases to 3.5% as gasoline prices fall
Inflation in the US eased last month as the cost of energy and filling up at the pumps fell, official figures show. Prices rose 3.5% in the year to June, according to the Bureau of Labor Statistics (BLS), down from 4.2% recorded in May. Gasoline prices decreased 9.7% last month, but are still much more…
How Iran war laid bare the worlds reliance on Gulf oil and gas
Since the conflict began, the price of oil has soared and is currently trading at over a third higher at $100 a barrel, pushed up by air strikes on shipping and energy infrastructure, and the effective closure of the Strait of Hormuz, a vital waterway for energy shipments, which carries a fifth of global oil…
Worcestershire charity starts ‘new chapter’ with larger premises
A charity in Worcestershire has entered an “exciting new chapter” after opening its new, larger premises. The Droitwich Community Pantry and Fridge, which aims to tackle food waste, has moved to the Berry Hill Industrial Estate, Droitwich. His Majesty’s Lord Lieutenant of Worcestershire Beatrice Grant, MP for Droitwich and Evesham Nigel Huddleston, and the Mayor…
UPS to cut 30,000 jobs as it moves away from Amazon
Parcel delivery giant UPS says it will cut up to 30,000 jobs this year as it further reduces shipments for its biggest customer, Amazon. The world’s largest package delivery company has been scaling back deliveries for the online retail giant, which it says are “extraordinarily dilutive” to its profit margins. UPS says the job cuts…
