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UK inflation unexpectedly rises despite sharp fall in fuel prices | Inflation

UK inflation unexpectedly rose to 4.0% in December, complicating expectations that the Bank of England would start cutting interest rates. The Office for National Statistics said the annual inflation rate, as measured by the Consumer Price Index (CPI), rose from 3.9% in November, halting the recent sharp decline. Economists in the city had predicted a […]

Biden admin issues new natural gas tax in latest fossil fuel crackdown

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9 bodies found in vehicles near Mexican fuel pipeline

Authorities in central Mexico said Tuesday that they had found the bodies of nine men inside a vehicle near a fuel pipeline. The circumstances of the fatal accident remain under investigation, but there are indications that fuel theft may have been involved. Mexico faces a problem with gangs stealing gasoline, diesel, and natural gas from […]

Plans for lunar landing scrapped after spacecraft fuel leak

According to an American aerospace company, plans to land a spacecraft on the moon have been canceled due to a fuel leak. Astrobotic Technology said in a statement posted Tuesday on Platform The spacecraft launched early Monday morning from Cape Canaveral, Florida. “Given propellant leaks, there is unfortunately no possibility of a soft landing on […]

Return fraud helped fuel $101B in retail losses in 2023: report

Return fraud is the latest retail crime plaguing the industry and will cost merchants about $101 billion in losses by 2023, according to the National Retail Federation. According to some sources, $743 billion worth of goods were returned last year. 2023 Retail Report Purchases from NRF and Appris Retail have a return rate of 14.5%. […]