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Mail & Guardian
Ben Perry

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Ben Perry

Ben Perry works from UK. Financial journalist @AFP, tweets mostly a mix of finance and football Ben Perry has over 226 followers on Twitter.

Britain’s former finance chief inherits a UK economy that was headed for recession even before the recent turmoil triggered by Liz Truss. (Photo by Leon Neal/Getty Images)

Rishi Sunak inherits UK economy in crisis

Britain’s former finance chief inherits a UK economy that was headed for recession even before the recent turmoil triggered by Liz Truss

Drivers queue for fuel at an Esso petrol station in Birmingham. Picture date: Tuesday September 28, 2021. (Photo by Jacob King/PA Images via Getty Images)

UK puts army on standby as fuel pumps run dry

Desperate motorists queued up at fuel pumps across Britain, draining tanks, fraying tempers and prompting calls for the government to use emergency powers to give priority access…

The news leaves some 600 000 tourists stranded worldwide according to Thomas Cook.

Thomas Cook folds, sparking worldwide repatriation of tourists

As well as grounding its planes, Thomas Cook has been forced to shut travel agencies, leaving the group’s 22,000 global employees out of a job

Britain has been on a strict diet of austerity measures that curbed spending and raised taxes in the wake of the financial crisis. (Justin Tallis/AFP)

Britain eyes higher growth in Brexit year

​Britain has ramped up its economic growth outlook for next year, when the country will exit the European Union

Markets brace for eurozone turmoil in 2012

Shares and the euro will likely face more turmoil in 2012, after a year in which markets and the currency slumped on fears over the debt crisis.

Opec meets to decide on oil output targets

Opec is due to hold a meeting to decide on oil production levels, with markets expecting it to keep it’s target of 24.84 million barrels per day.

BP oil spill costs surge to $40-billion

British energy giant BP announced a return to profit on Tuesday but revealed new shock estimates for the cost of its Gulf of Mexico oil spill.

Opec freezes oil output, says supplies are sufficient

The Organisation of the Petroleum Exporting Countries (Opec) left unchanged its oil-production ceiling on Friday, snubbing United States demands for an increase as the cartel…

World stocks surge

Global share prices rocketed on Thursday, though fears of an economic slowdown lingered as Société Générale revealed a massive €4,9-billion fraud-related loss it attributed…

Gold shines at new record high near $868

Gold struck a new all-time peak of almost $868 dollars on Thursday as the precious metal benefited from its safe-haven status amid record high oil, a struggling dollar and…

UK bank hit by credit problems

Shares in British bank Northern Rock plunged by a quarter on Friday as clients rushed to withdraw their savings following an emergency bail-out of the lender by the Bank of…

Global stocks rally, but turmoil not over

World stock markets roared higher on Monday after last week’s slump, but analysts warned of further turmoil for share prices owing to lingering concerns about borrowers’ failure…

Airbus to reveal new A350 plane design

European group Airbus will on Monday unveil new design plans for its troubled long-haul A350 plane, Thomas Enders, co-chief executive of Airbus’s parent company EADS, told…

Britain bids for US support for Africa plan

Britain will be seeking approval from the United States for its grand plan to help alleviate poverty in Africa when finance ministers from the Group of Seven industrialised…

Blair still haunted by Kelly suicide fallout

A year after the death of government weapons scientist David Kelly and two Iraq inquiries later, British Prime Minister Tony Blair is struggling to convince the public that his…