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Government borrowing falls by more than a third in December
UK government borrowing was significantly lower last month, due to an increase in tax income outweighing spending, official figures show. In December government borrowing – the difference between public spending and tax income – was £11.6bn, the Office for National Statistics (ONS) said. It is down £7.1bn – 38% – from the previous December, and…
Shell profits double as oil prices rise due to Iran war
Shell’s profits for the second quarter of the year have more than doubled after the Iran war pushed up oil prices. The oil giant posted profits of $9.84bn (£7.37bn) for the April-to-June period, up from $4.26bn at the same point last year. The price of crude has risen since the outbreak of the US-Israel war…
Wrapped helps Spotify add users despite artists criticism over fees
The firm credited its expansion in users partly to audio e-books, though it did say: “The hard problems ahead – in music, in podcasts, in books, in video, in live, and in things we haven’t built yet – we’re going to keep building the technology to solve them.”
