Category : Search result: oil debt


Economists call for Sri Lanka debt halt after cyclone

Over 120 leading economists, including Nobel winner Joseph Stiglitz, demand immediate suspension of Sri Lanka's debt repayments following catastrophic Cyclone Ditwah, which killed 600 and destroyed thousands of homes.

Croydon gains £120m in Fair Funding review

Croydon Council is set for a £120m funding boost over three years after a historic government review. The new Fair Funding 2.0 model aims to better reflect local need, but the borough's massive debt remains a challenge. Read the full story.

US Imposes Total Oil Blockade on Venezuela

President Trump announces a complete naval blockade on Venezuela's oil tankers, escalating tensions in the Caribbean. Get the latest on this major geopolitical development.

Grand Slam Track owes athletes huge sums, future uncertain

World Athletics warns the Michael Johnson-backed Grand Slam Track may not return in 2026 despite bankruptcy filing. Stars like Sydney McLaughlin-Levrone are owed hundreds of thousands. Read the full financial crisis details.

Norway's Equinor hit with £53m penalty for oil spills

Norway's state oil giant Equinor faces a massive £53m fine for extensive pollution and gas leaks at its Mongstad refinery, following years of alleged inadequate maintenance. Read the full investigation details.

Shoppers Rave About Victoria Beckham's £90 Body Oil

Victoria Beckham Beauty's Portofino '97 Golden Shimmer Body Oil, priced at £90, is receiving glowing reviews for its scent and radiant finish. Discover why customers feel 'beautiful' and the cheaper alternatives available.

Canada's Oil Pipeline Plan Sparks Coastal Catastrophe Fears

First Nations in British Columbia fear a proposed oil pipeline and lifted tanker ban could lead to a devastating spill, echoing a 2016 diesel disaster that still scars their community and ecosystem. Read their urgent warning.

Leon warns of closures after £8 million loss

Leon founder John Vincent reveals potential site closures and job cuts as he battles to restore the struggling fast-food chain to its former health. Read his full recovery plan.

Thames Water profits leap as funding crisis looms

Thames Water reports a £386m half-year profit, driven by higher bills, but warns of a potential rapid collapse into government control due to its £17bn debt crisis. Read the latest on the utility's precarious future.

OBR's Long-Term Debt Warnings Threaten UK Economy

Beyond the public feud with Chancellor Rachel Reeves, the OBR's reports reveal a perilous long-term fiscal outlook for the UK, with high debt and demographic pressures risking financial stability. Read the full analysis.

79-year-old widow chased for 2p energy debt

A 79-year-old disabled widow from Dudley was pursued for a 2p debt due to a computer error, threatening her credit rating and causing immense stress. Discover how the situation was resolved.

Student loan freeze to squeeze low-paid graduates

NUS warns a 3-year freeze on the student loan repayment threshold will force graduates to repay more, sooner, potentially leaving them struggling with basic living costs. Discover the impact on new graduates.

Reeves' 'Deceiving' Budget Delays Debt Repair

Rachel Reeves faces criticism for 'deceiving' Budget that delays fiscal repair as economists warn of interest rate hold fears. Key details on borrowing and tax changes.

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