The latest business and financial headlines, updated hourly via RSS from BBC Business, The Guardian, and CNBC.
Major disruption to energy supplies threatens to push up prices for consumers and businesses around the world.
Madrid cites humanitarian and economic reasons to give undocumented workers legal status.
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.
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.
If oil prices remain high for some time, there could be knock-on effects on the cost of fuel and food.
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.
With fuel and gas prices having risen in recent days, here are some ways the conflict could affect households.