Oil price surges towards $100 as Middle East ceasefire begins to unravel
Brent crude jumps 4% towards $100 a barrel after Iran closes the Strait of Hormuz in response to Israeli strikes, threatening 20% of global oil and gas supplies. Read more:…
Business
Vinted breaks the billion-euro barrier as thrifty shoppers embrace second-hand fashion
Vinted revenues rose 38 per cent to €1.1bn as cash-strapped consumers turn to second-hand fashion, with the UK now its second-largest market boasting 16 million users. Read more: Vinted breaks…
Harrods Estates shuts up shop after 130 years as tax raids on wealthy overseas buyers take their toll
Harrods Estates has shut its doors after 130 years, citing falling demand in London's luxury property market driven by stamp duty rises, the abolition of non-dom status and shifting buyer…
Britain smashes solar records as ministers greenlight country’s largest solar farm
Britain set new solar generation records on consecutive days this week, hitting 14.4GW, as the government approved the Springwell solar farm in Lincolnshire — the UK's largest. Read more: Britain…
John Lewis chairman’s pay climbs 21% to £1.2m as 3,300 roles disappear across the partnership
John Lewis Partnership chairman Jason Tarry received a 21% pay rise to ÂŁ1.2m while the retailer shed 3,300 jobs across its department stores and Waitrose supermarkets. Read more: John Lewis…
The spectre of stagflation returns as Britain’s private sector grinds to a near-halt
Britain's private sector barely grew in March as the Middle East conflict drives up costs and dampens confidence, raising the spectre of stagflation for SMEs already under pressure. Read more:…
New AI too dangerous for public release – Anthropic
Anthropic formed Project Glasswing with Big Tech partners and is discussing capabilities of the new AI Mythos model with Washington Read Full Article at RT.com
SpaceX woos the small investor as Musk eyes the biggest flotation in stock market history
SpaceX is planning the largest IPO in history, targeting a $2tn valuation with up to 30% of shares reserved for retail investors. Here's what UK investors need to know. Read…
New North Sea oil fields would “send a shock wave around the world”, climate experts warn
Senior climate figures warn that opening new North Sea oil and gas fields would imperil global climate targets, encourage developing nations to exploit fossil fuels, and undermine Britain's hard-won reputation…
UK petrol prices approach 155p a litre as Iran conflict drives fuel costs to highest level in over two years
UK petrol prices have surged to nearly 155p a litre amid the Iran conflict, with diesel at its highest since late 2022. Experts weigh in on whether a new ceasefire…