The heads of HSBC are facing a major public standoff with those of its shareholders who are keen to break up the lender. - The Financial Mail on SundayGovernment's windfall tax on UK oil and gas companies is exceedingly counterproductive. Just over a year ago, North Sea producers were being charged 30% tax plus a supplementary 10% levy. Since then, the tax on North Sea profits has jumped to 65% and now 75%. Furthermore, North Sea energy involves less carbon emissions than relying on gas drilled in the US and Qatar.

Source: The North Africa Journal May 01, 2023 02:36 UTC