Aug 30, 2022
Live news updates: Musk cites Twitter whistleblower claims in effort to scrap $44bn deal
In the letter, the pub chains said some price rises were "Upwards of 300 per cent on pre-pandemic energy bills, with the current average increase around 150 per cent" across the sector. The EU is considering emergency measures to curb electricity prices while the UK is set for a huge spike in energy costs after the country's regulator raised the energy price cap by 80 per cent, owing to soaring wholesale gas prices. The country's fiscal deficit will decrease from an estimated 5.1 per cent of gross domestic product this year to 2.6 per cent next year while its debt to gross domestic product ratio will fall for the first time in five years from 50.0 per cent to 49.8 per cent. Alibaba Health Information Technology, the online health affiliate of the ecommerce group, was down about 4.6 per cent in the morning, while Lenovo, the world's largest personal computer manufacturer, and food delivery platform Meituan shed 3.2 per cent and 3 per cent, respectively. Oil prices moderated after strong gains the day before, with international benchmark Brent crude down 0.6 per cent and US marker West Texas Intermediate shedding 0.3 per cent.
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