Economics

Published: 29 August 2026. The English Chronicle Desk. The English Chronicle Online. Millions of households across Great Britain are facing another increase in energy costs this autumn, but consumers could potentially save up to £173 a year by switching from a standard variable tariff to one of the cheaper fixed energy deals currently available. The latest increase in the energy price cap is due to take effect on 1 October,...

Published: 29 August 2026.The English Chronicle Desk. The English Chronicle Online. Europe is heading towards the colder months with its gas storage levels at their lowest point for 13 years, raising fresh concerns about energy prices and increasing fears of heightened market volatility during the coming winter. Energy analysts and traders have warned that unusually low reserves could leave European countries more vulnerable to cold weather, disruptions to global supplies...

Published: 10 August 2026. The English Chronicle Desk. The English Chronicle Online US President Donald Trump has signed an executive order seeking to rename Lake Ontario as “Lake America”, adding a new and highly symbolic dispute to already strained relations between the United States and Canada. Trump announced the move as the two countries remain locked in a worsening trade confrontation. Washington has imposed new 50% tariffs on $20bn (£15.2bn;...

Published: 27 August 2026. The English Chronicle Desk. The English Chronicle Online Chief executives at some of America's largest low-paying corporations earned an average of 614 times more than their workers in 2025, highlighting a widening gap between executive compensation and ordinary employee pay, according to a new analysis by the Institute for Policy Studies. The report examined executive compensation and worker wages at the 100 S&P 500 companies with...

Published: 26 August 2026. The English Chronicle Desk. The English Chronicle Online Canada has announced a new round of retaliatory tariffs on American goods, escalating an already tense trade dispute with the United States after negotiations between the two countries broke down. The Canadian government said the counter-tariffs would reach as high as 50% and cover almost C$28bn ($20bn; £15bn) worth of US products. The measures, which are scheduled to...

Published: 24 August 2026 | The English Chronicle Desk | The English Chronicle Online Small businesses on both sides of the US-Canada border are bracing for higher costs, falling sales and potential job losses after trade talks between Washington and Ottawa collapsed and both governments moved towards imposing 50% tariffs on selected goods. For some companies, the dispute threatens a large share of their business almost overnight. In Calgary, Alberta,...

Published: 22 August 2026. The English Chronicle Desk. The English Chronicle Online. Canada has vowed to match US tariffs “dollar for dollar” after trade negotiations with Washington collapsed without an agreement, opening a new and potentially damaging chapter in the economic relationship between two of North America’s closest allies. Canadian Prime Minister Mark Carney said Ottawa had negotiated in good faith but could not accept what he described as unfair...

Published: 11 July 2026.The English Chronicle Desk. The English Chronicle Online. Senior Labour backbenchers are urging Andy Burnham to restore Britain's international development ambitions by committing to return overseas aid spending to 0.7 per cent of gross national income, a target originally introduced under former Prime Minister Gordon Brown but abandoned during the COVID-19 pandemic. The proposal comes as Labour politicians and policy experts seek to redefine Britain's role on...

Published: 24 May 2026. The English Chronicle Desk. The English Chronicle Online. For decades, the American dream was tethered to a clear, linear path: graduate from high school, secure a college degree, and enter a career that provided the foundation for a stable, middle-class life. However, for many members of Generation Z, that once-reliable blueprint is failing to deliver on its promises. Despite a growing economy and low unemployment rates,...

Published: 24 May 2026.The English Chronicle Desk. The English Chronicle Online. Donald Trump has claimed that a peace agreement with Iran has been “largely negotiated”, signalling a potential breakthrough in efforts to end the conflict that erupted earlier this year following US and Israeli military action. The announcement, made on his social media platform after discussions with regional leaders and mediators, has sparked both cautious optimism and sharp scepticism across...