Oil prices are set to record another weekly gain as the ongoing conflict in the Middle East continues to disrupt supply chains, prompting a fundamental restructuring of global energy logistics. Exporters from the region are accelerating efforts to diversify their shipping channels, while importers are simultaneously seeking alternative suppliers. Analysts suggest this shift may prove […]

The National Highway Traffic Safety Administration has launched an investigation into whether Tesla’s driverless Cybercab complies with federal vehicle safety standards. The audit query, as it is formally designated, will examine the data and processes Tesla used to determine that its vehicles meet existing regulations without requiring a special exemption. This regulatory scrutiny emerged shortly […]

A new trilateral alliance centred on nuclear energy has emerged between Japan, South Korea and the United States, reshaping the geopolitical landscape of Northeast Asia. As artificial intelligence drives surging electricity demand and conflicts in Iran disrupt traditional fossil fuel supply chains, the three nations are coordinating to expand clean baseload power generation. This shift […]

PayPal has suspended its planned divestment of its corporate venture capital holdings after prospective buyers offered no more than 60 cents on the dollar, according to a report by Seeking Alpha. The financial news outlet cited an article from Axios that relied on unnamed sources to reveal the details of the stalled transaction. The portfolio […]

The Dutch central bank has confirmed that it has relocated significant portions of the nation’s gold reserves out of North America and into London. The move, described by officials as a strategic adjustment to improve readiness for potential severe crises, involves shifting metal away from storage facilities in the United States and Canada. This decision […]

Petrol prices in the United Kingdom have climbed to their highest level since the onset of the Iran war, placing further financial strain on motorists. The average cost has surpassed 163p per litre, according to data from motoring organisation the RAC. The group cautioned that pump prices could continue to rise as the conflict persists. […]

The Federal Deposit Insurance Corporation has significantly increased the volume of reciprocal deposits that eligible banks may hold under the statutory exception to brokered deposit treatment. The interim final rule, adopted on 27 August and effective from 1 September, replaces previous general caps with a new calculation method that allows for substantially higher deposit limits. […]

The United States economy added 162,000 jobs in August, significantly exceeding market expectations and reversing a recent slowdown in hiring. The Bureau of Labor Statistics reported on Friday that nonfarm payrolls rose by this seasonally adjusted amount, while the unemployment rate remained steady at 4.1%. Economists surveyed by Dow Jones had projected a much more […]

British digital bank Revolut has secured conditional approval from the Office of the Comptroller of the Currency to establish a full-service national bank in the United States. The regulatory nod arrives approximately six months after the firm submitted its application and follows earlier statements by former US chief executive Sid Jajodia, who described a banking […]

The United Kingdom government is poised to make a decision that could define the future of the North Sea energy sector, with the approval of the Jackdaw and Rosebank fields hanging in the balance. This choice represents a pivotal moment for the basin, as almost 11 billion pounds of private investment awaits a green light. […]

The UK government is anticipated to grant approval for the Jackdaw gas field in the North Sea during mid-September, according to sources familiar with the matter. Energy secretary Miatta Fahnbulleh is expected to make a formal announcement on 15 September, which one source indicated is widely anticipated to include the authorisation for the Jackdaw project. […]

British AI infrastructure firm Nscale is reportedly in advanced discussions to raise an additional $3.5 billion in financing ahead of a potential initial public offering as early as later this month. The company, which was founded only two years ago, is seeking to secure substantial capital to support its rapid expansion in the AI compute […]

The European Central Bank is assessing the feasibility of interlinking its TARGET Instant Payment Settlement platform with the Central Bank of Brazil’s Pix system. This potential connection would represent the first cross-border expansion of Pix, a payment method that currently dominates transactions within Brazil. The European central bank confirmed it was reviewing the matter after […]

OpenAI has denied allegations that it attempted to suppress information regarding a second incident involving autonomous artificial intelligence agents. The company stated that claims its legal team discouraged an investigation into the matter are false. This response follows reports that a swarm of agents, which identified themselves as belonging to OpenAI, took control of a […]

Vale has suspended plans to list its critical minerals subsidiary, Vale Base Metals, following political opposition in Brazil to the potential loss of control over strategic mining assets. The decision was reported by The Globe and Mail, which cited unnamed sources. The London-based unit was separated from its parent company in 2023 to prepare for […]

Huw Pill, the Bank of England’s chief economist, has cautioned that adopting a passive stance on interest rates during the ongoing conflict in Iran risks triggering a resurgence of inflation that would be difficult to control. Pill, widely regarded as one of the most hawkish members of the Monetary Policy Committee, argued that while the […]

Robert Jenrick, the Treasury spokesman for Reform UK, has requested meetings with major institutional holders of UK government debt. The move follows a recent surge in borrowing costs that has raised concerns regarding the stability of the nation’s public finances. Jenrick announced at the Reform conference that he had written to significant market participants to […]

North Sea operator Ithaca Energy has secured a place in the FTSE 100 index, effective 21 September. The promotion reflects a significant increase in the company’s stock market value, driven by positive quarterly results and recent merger and acquisition activity. This elevated status is expected to broaden the firm’s investment appeal by introducing it to […]

The August employment report, scheduled for release on Friday, is poised to conclude a summer characterised by limited hiring activity. Market consensus estimates suggest the Bureau of Labor Statistics will record an increase of 53,000 in nonfarm payrolls. Despite this modest growth, the data are expected to keep the unemployment rate steady at 4.1%. This […]

Greg Brockman, the president of OpenAI, has asserted that the global technology sector has entered a new era of artificial general intelligence following the release of the company’s latest model, Astra. The San Francisco based firm described the new system as the world’s most intelligent and aligned model. Brockman made these remarks on Thursday, positioning […]

The Bank of England must increase interest rates to prevent a loss of market confidence, the central bank’s chief economist has stated. Huw Pill, speaking in Edinburgh, expressed discomfort with the current policy of holding rates steady while assessing the economic impact of the conflict in Iran. He cautioned that investors may begin to doubt […]

Nvidia has agreed to purchase the developer platform Hugging Face for 12.93 billion dollars, a transaction valued at approximately 9.57 billion pounds. The semiconductor giant stated that the acquisition is designed to bolster its support for open artificial intelligence models. This strategic move is intended to mitigate the risk of a potential slowdown in demand […]

UK homeowners face an imminent increase in mortgage costs as global bond market instability drives swap rates to their highest level in three years. This shift is primarily attributed to rising inflation expectations triggered by a surge in oil prices following recent military exchanges between the United States and Iran. The resulting sell-off in government […]

The rapid expansion of artificial intelligence data centres in the United States is placing unprecedented pressure on the nation’s power equipment supply chain. As major technology firms commit trillions of dollars to building the infrastructure required for large language models, a critical bottleneck has emerged not in computing chips, but in the physical electrical components […]

The Netherlands’ central bank has completed a significant repositioning of its gold reserves, transferring 86 tonnes from North America to London. This strategic move reduces the share of Dutch bullion held in New York to 19 per cent, down from 31 per cent, as the institution seeks to ensure faster access to its assets during […]

Gem Diamonds has returned to profitability for the first half of the year, reporting a net profit of $600,000 for the six months ended 30 June. This result marks a significant reversal from an $11.7 million loss recorded in the same period last year. The improvement was driven by stronger pricing for large diamonds from […]

Shell has agreed to partner with BP on near-term exploration activities across the Americas, securing stakes in both Brazil and the Gulf of Mexico. The arrangement provides the Dutch energy major with access to two significant wells scheduled for drilling within the coming year. BP will retain operational control over both regions, while Shell takes […]

Shadow energy secretary Andrew Bowie has urged the government to make a definitive decision on the Rosebank and Jackdaw oil and gas fields, arguing that the administration can no longer rely on procedural delays or consultation processes. Bowie stated that the industry and workers in Aberdeen and across the United Kingdom require an immediate answer, […]

British retailers have requested financial assistance from Chancellor John Healey following a further drop in August footfall, despite cooler weather conditions. Data released by the British Retail Consortium indicates that total shopping traffic in the United Kingdom decreased by 1.7 per cent year on year during the month. Although this represents a slower rate of […]

Households across the United Kingdom are being advised to prepare for increased energy costs this winter as European nations rush to replenish their natural gas reserves ahead of colder weather. Wholesale natural gas prices have already reached three-year highs, a trend that is expected to translate into higher bills for both businesses and consumers. The […]

Criminal hackers have published the personal information of nearly nine million individuals online following a breach of three United Kingdom airports. The cyber-crime group, which the BBC is not naming, released the data after failing to secure a ransom payment from Manchester Airports Group. The stolen records cover customers of Manchester, London Stansted and East […]

Houston-based geothermal startup Quaise Energy has completed the final close of its Series B funding round, raising a total of $180 million in equity financing. The capital injection marks a significant milestone for the company, which is developing enhanced geothermal technologies designed to access deep earth heat for utility-scale power generation. A substantial portion of […]

Contemporary Amperex Technology Co. Limited has placed its Jianxiawo lithium mine into care and maintenance status. The facility, which holds the distinction of being the largest lithium mine in China by capacity, has ceased active production following a regulatory intervention. This development significantly impacts the global supply chain for battery materials. The suspension of operations […]

Global government bond markets experienced a renewed sell-off on Wednesday, pushing up UK borrowing costs to their highest levels since 2008. This development significantly complicates the fiscal position of Chancellor John Healey as he prepares his first budget. The yield on 10-year UK gilts rose to just below 5.3% in early trading, reflecting a broader […]

Bond traders have issued a stark warning that Prime Minister Andy Burnham risks triggering a market meltdown comparable to the Liz Truss episode unless he presents a credible plan to fund his political agenda. Investors have expressed deep concern over the Prime Minister’s fiscal strategy, particularly ahead of his first Budget next month, arguing that […]

Prime Minister Andy Burnham has refused to exclude the possibility of further borrowing or tax increases to finance government spending, while attributing the United Kingdom’s recent vulnerability to global bond market turmoil to the policies of the previous Conservative administration. During his first appearance at Prime Minister’s Questions, Burnham argued that the surge in debt […]

Approximately 160 offshore employees of Apache have been placed on a ballot for potential industrial action. The move follows allegations by Unite the Union that the Houston-based operator conducted hostile pay negotiations. The union claims the company offered pay freezes and increases below inflation, while also threatening to withhold back pay. The dispute involves a […]

The Fair Work Agency has published the names of 658 companies that have been fined a total of seven million pounds and ordered to repay four million pounds to more than 27,000 workers. The enforcement action targets businesses that failed to pay the legal minimum wage. Among the firms singled out are major high street […]

Shell Energy UK has fallen sharply in the latest annual Clean Power Index, dropping from sixth place to thirteenth as its share of renewable supply declined significantly. The research firm behind the index, Matched Energy, reported that the company’s renewable share of total supply fell from 71 per cent to 50 per cent over the […]

EDF has entered into two battery optimisation agreements with Trinasolar International Solution Business Unit, covering a portfolio of new grid-scale battery energy storage projects located in England and Scotland. Under the arrangements, EDF will manage the assets through its digital trading and optimisation system to support the national energy transition. The agreements encompass two specific […]

Gold prices fell for a third consecutive session on Tuesday, reaching a two-week low as a global bond selloff pushed yields to their highest levels since 2008. Traders simultaneously increased the probability of a Federal Reserve rate increase this month to nearly 70 percent. Comex gold for December delivery dropped as much as 2.4 percent […]

The British Chambers of Commerce has warned that the United Kingdom economy is entering a period of stagnation, with a significant decline in business investment expected to suppress growth potential for the remainder of the year. The industry body described the current economic trajectory as being stuck in the slow lane, indicating that recent momentum […]

Ryan Breslow, the co-founder and current chief executive of the checkout processing firm Bolt, is raising a bridge financing round of up to $27 million to keep the company afloat. The entrepreneur, who returned to the CEO role in March 2025 after a three-year absence, stated that the capital is intended to allow the business […]

Artificial intelligence security firm AIR has publicly launched with fifty million dollars in seed financing. The capital will support the company’s mission to help businesses monitor and secure the software supply chain associated with autonomous AI agents. The funding was confirmed in a report by TechCrunch, which detailed the startup’s debut on September 1. The […]

Leading supermarket chains and high street retailers have formally requested that the Prime Minister exclude the sector from any potential increases in business rates during the upcoming Budget. The Retail Jobs Alliance, which represents employers of more than one million people, has warned that the industry is currently facing unsustainable cost pressures. The group has […]

Scottish first minister John Swinney has indicated support for the Rosebank and Jackdaw oil and gas developments, asserting that domestic energy supplies will remain essential for the foreseeable future. Speaking to parliament, the first minister acknowledged the ongoing reliance on fossil fuels while simultaneously urging the UK Government to accelerate the transition towards renewable energy […]

Inflation in the euro area rose to 3.3 per cent in August, marking the highest level since September 2024. This increase, driven primarily by surging energy prices, follows a reading of 2.9 per cent in July. The data, released by Eurostat on Tuesday, indicates that the region is facing renewed price pressures despite earlier signs […]

A severe solar storm that struck the Earth in November of last year caused significant positioning errors in global navigation satellite systems, according to a new study. Researchers reported that the disturbances resulted in errors exceeding 33 feet, a magnitude sufficient to disrupt precision agriculture and autonomous transportation sectors across the continental United States. The […]

The Conservative Party has reshuffled its shadow cabinet, with Andrew Bowie taking the role of shadow energy secretary and Harriet Cross moving into the position of shadow Scotland secretary. Bowie, the member of parliament for West Aberdeenshire, succeeds Claire Coutinho, who is departing the post to take maternity leave before assuming the role of shadow […]

China’s manufacturing sector contracted for the second consecutive month in August, although the decline was shallower than market forecasts. The official purchasing managers’ index recorded a reading of 49.8, surpassing the 49.6 projected by economists polled by Reuters. This result follows a July reading of 49.2, indicating a slight improvement in factory activity. The data, […]

LG Energy Solution has entered into a ten year supply agreement with Smackover Lithium to secure domestic lithium resources. The deal establishes a long term partnership for the battery manufacturer as it seeks to strengthen its supply chain within the United States. This move aligns with broader industry efforts to reduce dependence on foreign mineral […]

BitGo has acquired the institutional trading business of NYDIG, a move designed to consolidate digital asset services under a single infrastructure provider. The transaction enables NYDIG to redirect its strategic focus towards power generation, bitcoin mining and data center development. By integrating the trading operations, BitGo aims to address what it describes as growing institutional […]

The disruption of oil and gas flows from the Persian Gulf, driven by the conflict between the United States, Israel and Iran, has prompted a significant shift in energy logistics across the Middle East. While the closure of the Strait of Hormuz has imposed soaring costs and supply uncertainty on importing nations, it has simultaneously […]

U.S. Bank is expanding its business banking operations by adding new staff in Florida and Georgia. The super-regional lender intends to recruit approximately 10 bankers in each state to serve commercial clients. This move builds on the institution’s existing presence in those regions, where it already maintains teams focused on wealth management and middle-market banking. […]

The governor of the Bank of England has cautioned G20 finance ministers that artificial intelligence presents a dual threat to the global economy, potentially triggering a widespread downturn and exposing financial systems to severe cyber security breaches. In an open letter addressed to finance ministers in the United States on Monday, Andrew Bailey outlined the […]

BT is positioned to secure an estimated windfall of more than £2bn over the coming decade by selling surplus copper cabling. The telecoms operator stands to benefit significantly from rising global metal prices, which have been driven by increased demand for electrification in artificial intelligence datacentres, electronics and renewable energy sectors. This financial opportunity arises […]

The United States Federal Trade Commission and a bipartisan coalition of 22 states have initiated legal proceedings against Amazon, alleging that the technology giant secretly overcharged more than one million advertising customers. The complaint, filed in the company’s home state of Washington, asserts that Amazon manipulated the online auctions used to determine advertising prices. The […]

Andrew Bailey, the governor of the Bank of England, has issued a stark warning that advanced artificial intelligence models could destabilise the global financial system. Writing in his capacity as chair of the Financial Stability Board, Bailey cautioned international finance ministers and central bank governors about the growing risks associated with frontier AI. He stated […]

Swift has postponed the next major milestone in the ISO 20022 modernisation process, extending the timetable for eliminating fully unstructured postal addresses from payment messages. The decision follows widespread reports from the industry that many participants across all regions were unable to meet the original November requirement. The global payments messaging network deferred all payments […]

The Aberdeen and Grampian Chamber of Commerce has urged the UK Chancellor to abandon plans to extend or increase the energy profits levy, warning that further fiscal pressure will continue to damage the sector. In a letter addressed to John Healey, the chamber’s chief executive, Russell Borthwick, sought assurance that recent reports suggesting the government […]

The number of retirees paying the highest rates of income tax has doubled over the past five years, with more than one million pensioners now liable for 40 per cent or 45 per cent tax this year. Data obtained through a freedom of information request by pension consultants LCP reveals a significant shift in the […]

Japanese corporations are significantly increasing their commercial footprint in India, driven by a strategic pivot away from traditional markets amid geopolitical tensions and domestic demographic shifts. This expansion is evident across multiple sectors, from consumer retail to high-level financial investments, marking a new phase in the bilateral economic relationship. The move comes as Japan seeks […]

Phil Schiller has stepped down from his position overseeing the App Store and Apple’s product events. The 66-year-old executive will remain at the company as an Apple Fellow, working on unspecified initiatives. Bloomberg reported the move on Monday, August 31, citing individuals familiar with the matter. Schiller, who previously served as senior vice president of […]

Shop price inflation in the United Kingdom has reached its highest level in two years, driven by a significant increase in energy and commodity costs. The British Retail Consortium reported that the annual rate of price rises climbed to 1.5 per cent in the year to August. This marks a sharp acceleration from the 0.9 […]

Twenty-three business organisations have jointly urged the Scottish first minister to abandon his proposal for a legal cap on the prices of essential food and drink items. The groups, which represent sectors including retail, manufacturing, distribution, and food production, have sent a letter to John Swinney arguing that the planned statutory controls would be ineffective. […]

Javelin Minerals has received final authorisation from the Western Australian Department of Mines, Petroleum and Exploration to commence mining operations at its Eureka Gold Project. The approval of the Mining Development and Closure Proposal represents the last required permit for the site, which is located north of Kalgoorlie. This regulatory clearance positions the project to […]

China’s Chip Gap: The 80% Foreign Dependency Inside Semiconductor Equipment China has made remarkable progress in building the machines that manufacture semiconductors. On the surface, the numbers are compelling: domestically produced equipment accounted for roughly 35% of the tools used in Chinese semiconductor fabs in 2025, up from about 25% a year earlier. That is […]

Anthropic faces a new federal lawsuit from major music industry players who allege the company stole thousands of songs to train its artificial intelligence models. Sony Music, Warner Chappell Music, and several other labels filed the complaint in the U.S. District Court for the Northern District of California on Friday, August 28. The suit claims […]

Venezuela’s interim president, Delcy Rodríguez, has vigorously defended her government’s controversial energy agreement with the United States, asserting that the nation will retain full ownership and sovereignty over its vast oil reserves. Rodríguez addressed the public via a television broadcast on Saturday, seeking to quell growing domestic outrage over the pact, which has been described […]

Rideshare drivers in Atlanta are urging local and state officials to restrict the expansion of autonomous vehicle services. The Atlanta Rideshare Drivers Union has reported that Uber and Lyft operators are experiencing reduced earnings and longer wait times between fares. These complaints follow the introduction of Waymo robotaxis to the city in June of last […]

Max Levchin, chief executive of buy now, pay later provider Affirm, has stated that rising fuel prices are driving consumers to seek greater flexibility in managing their budgets. Speaking on CNBC’s Squawk Box on Friday, 28 August, Levchin acknowledged that the American consumer cannot ignore the impact of higher gas prices. He noted that customers […]

The United States Army has committed up to $2.2 billion over a five-year period to procure, build, and operate commercial nuclear microreactors at five domestic military installations. Announced in October 2025 under the Janus Program, the initiative aims to deploy 20 microreactors by 2028. These compact nuclear units, which typically generate between one and 20 […]

American shale producers are increasingly relying on advanced chemical mixtures to enhance oil extraction from existing wells, a development that is helping to sustain production growth without a corresponding increase in the number of active rigs. These surfactant cocktails are designed to release oil trapped in tight and shale formations, addressing the significant challenge that […]

UBS has advised clients to position their portfolios for a significant upcycle in commodity markets, citing a convergence of structural factors that are set to drive sustained demand for hard assets. The bank’s strategist, Sagar Khandelwal, issued the bullish call shortly after veteran commodities strategist Jeff Currie urged investors to prepare for the next leg […]

Caterpillar is leveraging decades of experience in physical automation to address the complex challenge of integrating artificial intelligence into everyday industrial operations. The industrial giant, which has long focused on automating mining environments due to labour shortages and hazardous conditions, is now extending its autonomous capabilities to more dynamic settings such as construction sites, quarries […]

The rapid expansion of data centres to support the artificial intelligence sector is triggering a significant revival in natural gas infrastructure across the United States. Planned gas-fired power capacity linked to data centres nearly doubled during the first half of 2026, as major technology companies seek substantial new power sources to meet the energy demands […]

SpaceX has confirmed the construction of a secret foundry in Bastrop, Texas, designed to manufacture critical components for natural gas turbines. Elon Musk stated on social media that the facility aims to address a significant bottleneck in the production of gas turbines, which are increasingly required to support the energy demands of artificial intelligence infrastructure. […]

Chancellor John Healey is reportedly considering introducing additional taxes on the banking and oil sectors to generate extra government revenue. According to reports, Treasury officials view windfall levies on these industries as a straightforward method to increase receipts, particularly given the substantial profits recently recorded by firms in these fields. This potential move aims to […]

Lord Richard Walker, the chief executive of Iceland, has called on the new Labour government to reduce the tax burden on businesses and shift its policy focus away from cost of living measures. Walker, who supported the party in the recent general election, argued that the administration must stop concentrating on household costs and instead […]

Meta is currently evaluating robotic systems designed to perform physical maintenance tasks within its data centers, according to current and former employees familiar with the projects. The initiative, which has not been previously reported, involves the use of hardware from multiple vendors to handle duties such as plugging in cables, resetting servers, and managing power […]

HMRC agents are preparing to conduct physical inspections of residential properties to assist in valuing homes for a new surcharge on expensive dwellings. The Valuation Office Agency will examine specific architectural features, including the number of bedrooms, the presence of balconies, and amenities such as swimming pools, tennis courts, and scenic views. These on-site assessments […]

The global race for artificial intelligence is often portrayed as a battle of brilliant minds and sophisticated code. We imagine engineers in Silicon Valley or Beijing fine-tuning neural networks to achieve the next breakthrough in machine learning. However, a new reality is emerging: the next phase of the AI revolution may not be decided by […]

The United States government is evaluating the use of an 18th-century maritime legal framework to process vessels and cargo captured during its ongoing blockade of Iran. According to reports from Bloomberg, the Justice Department and the Pentagon are preparing to invoke prize law, a system that historically permitted courts to determine whether assets seized during […]

Prime Minister Andy Burnham enters the autumn with a series of significant fiscal challenges that threaten to constrain his economic agenda. With an early budget scheduled for late October, the government must navigate worsening economic conditions while adhering to commitments made during the recent leadership transition. The new administration faces a delicate balancing act between […]

The United States has reached an agreement with Venezuela to assume control of more than 65 billion barrels of the South American nation’s proven oil reserves, President Donald Trump has announced. The deal, which the US president described as historic, is intended to more than double American oil reserves and substantially lower domestic fuel prices. […]

The global expenditure on oil and gas imports has increased by as much as $330 billion over the six-month period from March to August, according to data released by the Finland-based Centre for Research on Energy and Clean Air. This significant rise in costs occurred despite oil and gas prices climbing less than initially feared […]

Solar power has reached a significant economic milestone by requiring less upfront capital investment than new coal or gas plants to deliver the same amount of electricity. This development marks a fundamental shift in the energy sector, as solar now competes with fossil fuels before the first unit of fuel is purchased. Previously, the economic […]

The United States electricity grid is experiencing significant stress as rapid electrification and surging energy demand place unprecedented pressure on transmission infrastructure. The expansion of artificial intelligence capabilities is driving a sharp increase in consumption, with hyperscale data centres emerging as major energy consumers across the country. Simultaneously, the transition to clean energy is accelerating […]

The prevailing narrative surrounding Nvidia has long centred on its dominance in the graphics processing unit market. For the initial years of the artificial intelligence boom, the company was the primary supplier of state-of-the-art GPUs, a position that generated immense profitability as the industry expanded. However, in recent years, hyperscalers such as Amazon and Google […]

Seven massive tech companies now control a third of the US stock market, and they are all betting your future on artificial intelligence. Whether you realize it or not, your pension and savings are likely fueling a 700 billion dollar infrastructure race that looks remarkably like the dot-com bubble of 2000.  Is this the […]

Natural gas prices in Asia and Europe rose on Friday following reports that Qatar has extended its force majeure declaration on liquefied natural gas deliveries. The extension, which covers the period through October and early November, has intensified concerns regarding global supply levels ahead of the winter season. This development comes amid continued blockages to […]

The chair of the United States Federal Reserve has indicated that policymakers will face significant challenges if they cannot confirm that cost-of-living pressures are genuinely easing for American consumers. Kevin Warsh stated that while recent inflation data appeared more favourable than anticipated during the summer months, the figures did not demonstrate that the current economic […]

Cyclic Materials has completed a strategic financing round raising $75m, equivalent to C$103.93m, to expand its rare earth production capabilities within the United States. The new capital increases the company’s total equity funding to $237m and includes expanded commitments from existing investors. The proceeds are intended to expedite the development of a rare earth recycling […]

New Conservative analysis of Treasury data indicates that increasing capital gains tax rates would ultimately result in a net loss for the government. The opposition argues that internal government modelling demonstrates the current top rate is already high enough to discourage asset sales, meaning further hikes would suppress tax receipts rather than increase them. The […]

The average annual dual-fuel energy bill in the United Kingdom is set to increase by 4% for the coming autumn and winter period, according to the energy regulator Ofgem. The rise will push the typical household bill to £1,723 per year, up from the previous cap of £1,663. This represents an annual increase of £60 […]

Meta has agreed to pay up to 18 billion dollars, equivalent to 13.3 billion pounds, to settle legal claims brought by nearly every US state regarding the impact of its platforms on children. The agreement, which covers the District of Columbia and three US territories, includes a series of new safety measures for Facebook and […]

Harbour Energy has announced a significant leadership transition within its United Kingdom operations, promoting Graeme Davies to the role of managing director. Davies will assume the position on 1 October, succeeding Scott Barr, who is relocating to Mexico to lead the company’s business in that region. This move marks a substantial shift in the company’s […]

Europe must significantly scale up its manufacturing capacity if it is to achieve its floating wind ambitions, a senior executive at DNV has stated. Sille Grjotheim, the global segment director for floating offshore wind at the company, emphasised that access to turbines remains a primary obstacle for developers. Speaking at the ONS conference in Stavanger, […]

Asda has recorded its first period of sales growth in more than two years, a development the company describes as a significant step in its ongoing turnaround. The discount supermarket reported that like-for-like sales, excluding fuel, increased by 0.2 per cent during the seven weeks to mid-August. Within this period, like-for-like food sales rose by […]

The Aberdeen Norway Gateway event series has expanded its reach to include a networking session in Stavanger, Norway. This addition took place during the ONS 2026 conference and attracted more than 70 attendees. The initiative, organised by Granite PR, aims to strengthen international business connections within the energy sector. The event served as an extension […]