Oil and gas prices climb after Saudi Arabia closes east-west pipeline
Brent crude rose about 3% to $108 a barrel after Saudi Arabia shut its east-west pipeline following new Houthi strikes, while global stocks fell …
4 min
Section
Economy
Inflation Surge Puts Interest Rates Back in Focus as US, UK and Japan Policymakers Meet
Central banks in the US, UK and Japan are set to decide on interest rates this week amid surging inflation, an Iran conflict and …
5 min
Bank of England Expected to Hold Rates at 3.75% but Warned to Stay Ready on Inflation
The Bank of England's Monetary Policy Committee is widely expected to keep interest rates unchanged at 3.75% at its meeting on Thursday, though economists …
4 min
US Petrol Stations Hit Display Limit as Prices Reach $9.999 a Gallon
Fuel retailers across the United States are running out of digits on their forecourt price boards, which typically cap at four characters, as pump …
4 min
UK Economy Defies Forecasts with Surprise 0.4% Growth in July
UK GDP rose 0.4% in July, beating expectations of zero growth, as the economy shrugged off the fallout from the Iran war ahead of …
4 min
UK Borrowing Costs Hit 19-Year High as ECB Raises Rates
UK government borrowing costs have reached their highest level in 19 years amid a global bond market sell-off, while the European Central Bank has …
5 min
UK Gas Prices Hit Four-Year High, Threatening Winter Energy Bills
Wholesale gas prices in the UK have surged to their highest level in four years, prompting experts to warn that households could face higher …
5 min
Food inflation expected to reach almost 4% by Christmas, industry warns
Industry analysts warn UK food inflation could approach 4% by Christmas, driven by Middle East conflict and extreme weather, with prices potentially rising further …
4 min
Princess Elisabeth Island turns Belgium's offshore grid into a North Sea route
A €1 billion EIB facility finances the next phase of a grid island built not only to receive wind power, but to create options …
4 min
Romania’s Political Transition Becomes an Investor Risk Test
Investors told interim Prime Minister Ilie Bolojan that government changes could slow reforms, weaken spending control and disrupt deficit reduction as Romania tries to …
5 min
Europe’s gas problem is shifting from shortage risk to price risk
European gas is trading near €74/MWh while Poland’s storage is more than 96% full. The Commission sees no immediate supply-security crisis, but geopolitics and …
3 min
Canada’s Tariff Retaliation Accelerates a Search for New Trade Routes
Ottawa’s new duties on roughly $20 billion of American goods deepen the U.S.-Canada dispute and strengthen Canada’s incentive to diversify towards Europe and other …
3 min
A £70 pension payment shows how tax design can create a gendered policy gap
HMRC’s new low-earner pension top-up corrects a mismatch between net-pay and relief-at-source schemes. The government estimates 1.32 million people are affected and that three …
4 min
ECB’s expected hike shows how an energy shock moves through the financial system
A quarter-point rise to 2.50% is fully priced for 10 September. The strategic question is whether energy remains a temporary shock or becomes a …
4 min
Germany’s fiscal pivot is a test of Europe’s industrial core
Germany is using debt to rebuild infrastructure and defence capacity just as its export-led industrial model faces weaker competitiveness, higher energy costs and soft …
7 min
European gas storage at seasonal low as winter approaches
European natural gas reserves have fallen to unusually low levels ahead of the cold season, raising concerns about energy security and potential price spikes …
3 min
UK mortgage borrowers brace for rate jump amid global bond sell-off
UK homeowners face rising mortgage costs as swap rates hit a three-year high, driven by a global bond market sell-off and fears of higher …
5 min
Former Goldman Sachs chief warns UK faces escalating mortgage debt problem
Lord O'Neill, economic adviser to Andy Burnham and former Goldman Sachs chief economist, has warned that the UK faces an escalating problem of rising …
4 min
Global bond sell-off deepens as inflation fears push yields to multi-year highs
A global bond sell-off intensified as inflation concerns drove yields in advanced economies to multi-year highs, pressuring equity markets and raising borrowing costs for …
4 min
UK long-term borrowing costs hit 28-year high ahead of Budget
Long-term UK government borrowing costs have surged to their highest level in 28 years, driven by a global bond sell-off, rising oil prices above …
4 min
