UK economy to shrink in 2023, risks 'lost decade': CBI

Newsletter Dec 5, 2022 [ International Business Times]( [UK economy to shrink in 2023, risks 'lost decade': CBI]( Britain's economy is on course to shrink 0.4% next year as inflation remains high and companies put investment on hold, with gloomy implications for longer-term growth, the Confederation of Business Industry forecast on Monday. [UK groups hope creative biodiversity message takes flight]( It is hoped a new global biodiversity framework will be agreed at the Montreal talks, which run from December 7 to 19. [Learn more about Jeeng]( [Oil rises after OPEC+ holds oil output targets, China eases COVID curbs]( Oil prices inched up in early trade after OPEC+ nations reaffirmed their oil output targets ahead of a European Union ban and price caps on Russian crude, which kick off on Monday. [Asia shares pin hopes on China opening, oil rallies]( Asian shares edged higher on Monday as investors hoped steps to unwind pandemic restrictions in China would eventually brighten the outlook for global growth and commodity demand, even if full freedom could be months away. [Historic crown to be modified for Charles III coronation]( The crown was made for King Charles II in 1661 to replace a mediaeval crown though to date back to Edward the Confessor. [UK, Greece in 'secret talks' on Parthenon Marbles: report]( The British Museum issued a statement on Saturday saying it wanted "a new Parthenon partnership with Greece" and was prepared to talk to Athens about that. [G7 price cap on Russian oil kicks in, Russia will only sell at market price]( The Group of Seven price cap on Russian seaborne oil came into force on Monday as the West tries to limit Moscow's ability to finance its war in Ukraine, but Russia has said it will not abide by the measure even if it has to cut production. ['We are not your enemy', say South Korean truckers striking for minimum wage protections]( Inside five white tents outside the Uiwang container depot near Seoul, about 200 striking truckers huddle around gas heaters [Protest-hit Iran abolishes morality police]( The news was treated with scepticism by some Iranians on social media, including those who expressed fears its role would be taken over by another unit. [UN agency seeks FIFA deal for World Cup labour rights role]( The 2026 World Cup will be held in the United States, Canada and Mexico. You Might Like [Learn more about Jeeng]( [IBTimes]( IBTimes will always protect your security and privacy. Please read our detailed [Privacy Policy.]( Please do not reply to this email. [Click here]( to adjust your notification preferences or unsubscribe. © Copyright 2022 IBTimes LLC. All Rights Reserved. IBTimes LLC, 33 Whitehall ST FL 7, New York, NY 10004 U.S.A, New York, New York 10004, United States You may [unsubscribe]( or [change your contact details]( at any time.