Middle east tensions push oil prices higher, shake global markets
Rising conflict between Israel and Iran is driving oil prices up and unsettling global markets. Brent crude and tanker insurance costs have surged, the FTSE 100 has dipped, and
A High Court injunction has blocked the UK from finalising a sovereignty deal to transfer the Chagos Islands to Mauritius. The legal challenge, filed by a Chagossian-born British citizen, raises concerns over lack of consultation. The planned deal would retain the UK-US base on Diego Garcia for 99 years.
Rising conflict between Israel and Iran is driving oil prices up and unsettling global markets. Brent crude and tanker insurance costs have surged, the FTSE 100 has dipped, and
U.S. crude oil production is expected to fall in late 2025 and into 2026, marking the first annual drop since the pandemic. Lower rig counts, weaker prices, rising
JPMorgan CEO Jamie Dimon has criticised internal meetings as hubs of inefficiency and political manoeuvring. Speaking at a financial conference, he called for sharper, outcome-driven practices, urging staff
Tesla shares fell 14.2 per cent after Elon Musk criticised Donald Trump’s fiscal policies, prompting threats to cut subsidies. The political fallout erased $150 billion in market value
The OECD has lowered its global GDP forecast to 2.9% for both 2025 and 2026, citing U.S. tariffs and weakening investment. Growth estimates for the U.S., UK, and
A U.S. federal court has struck down President Trump’s global tariffs, ruling they exceed the limits of the International Emergency Economic Powers Act. The administration has appealed, insisting
The Bank of Korea has reduced its key interest rate to 2.5% amid slowing growth and global trade pressures. The move comes days before a contentious presidential election,
Elon Musk has stepped down from his advisory role in the Trump administration after criticising a major tax and spending bill. His departure ends a 130-day tenure focused
Poland’s public deficit hit 6.6% of GDP in 2024, driven by defence and social spending. Rising debt, polarised politics, and stalled reforms have raised concerns among ratings agencies
President Donald Trump is weighing fresh sanctions on Russia following its largest aerial assault on Ukraine since the war began. The strikes killed 12 civilians and derailed peace