top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.

Forex

The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Economy

4 Oct 2021

Military to Assist Govt in Solving Fuel Crisis amid Driver Shortage

The Index Today

The British government has asked the army to provide assistance in tackling the acute shortage of truckers. The nation’s major supply chains for basic goods are under tremendous strain as shortage of labor continues to get worse.

The shortage has triggered panic-buying of fuel across various cities where the public can be seen hoarding fuel pumps and causing chaos. Finance Minister Rishi Sunak said on radio, “As an extra precaution we’ve put the extra drivers on. The situation has been improving now for I think over a week every day. It is getting better and as demand settles back to more normal levels the strong expectation is things will resolve themselves.”

According to reports, many gas stations remained closed across southern England and London. Around It is estimated that it could take a week or more to get fuel stocks back to normal as 22% of gas stations have no supply.

On the other hand, UKs leading ministers have constantly denied any link between Brexit and the fuel crisis. Some went on to say that the truck driver shortage was a global issue, yet no such problem has been reported by any other nation. Rishi Sunak said, “The HGV drivers is not a UK issue, it’s a Europe wide issue and beyond. I want people to know that we are doing everything we can to mitigate some of those challenges, where we can make a difference.”

©Photo: mirror.co.uk

Clay pottery with table linens
bottom of page