The latest business and financial headlines, updated hourly via RSS from BBC Business, The Guardian, and CNBC.
Economic consequences are an intrinsic aspect of the Iran conflict, writes BBC economics editor Faisal Islam.
Energy Minister Saad al-Kaabi says oil could hit $150 a barrel if the Iran conflict continues over the coming weeks.
Global markets have become inured to the US president’s posturing over the past year, but economists warn they may be ‘a little bit complacent’ in anticipating a short conflict in the Middle EastInvestors over the past year have learned that Donald Trump has a boundless capacity to quickly reverse course in the face of acute political or market pressures.But a week since the United States and Israel launched missile strikes on Iran, there are fears the war could morph into a protracted conflict.Patrick Commins is Guardian Australia’s economics editor Continue reading...
The letter from London's mayor came as the US moved to designate the company a supply chain risk.
A drone attack on Azerbaijan has narrowed choices for airlines scrambling to respond to disruption in the Gulf.
Last year the Daily Mail and General Trust proposed to buy the company in a £500m takeover.
The European media giant Axel Springer has scuppered the Daily Mail owner. But why did it not bid sooner? And what will Brexit-backing readers think?After three years, a series of failed bids stretching from the US to Abu Dhabi, internal rebellions and even changes in the law, it should be no surprise that the tortured sale of the Telegraph has delivered another spectacular twist with a blockbuster offer from the media giant Axel Springer.It has torpedoed the long-held dreams of the Daily Mail proprietor, Lord Rothermere, to secure the Daily Telegraph and Sunday Telegraph and begin the next chapter of his family’s love affair with the British press. Continue reading...
Disruption to supplies from the Gulf due to the Middle East conflict has pushed the cost up by more than 80%.
The contraction came as a surprise with payrolls down in nearly every sector.
Royal Mail says the increase reflects the rise in delivery costs, but the move angers consumer groups.
Nationwide, HSBC and Coventry Building Society are all putting some mortgage rates up.