Three reasons for the record rise in gold prices, and one why they are falling

The collapse of two US companies could be a sign of wider problems in the financial system and “alarm bells” were ringing, the governor of the Bank of England has said. Andrew Bailey told a House of Lords committee that it was important to take the failure of car parts supplier First Brands and subprime…

Many countries are also dependent on these waters for significant supplies of other petrochemical products, made at the refineries in the region. These include jet fuel, diesel, fertiliser ingredients and industrial products such as helium, essential for microchip manufacture.

Michael RaceBusiness reporter Getty Images A senior official at the UK’s economic forecaster has said he does not believe the chancellor was being misleading when she said the state of the public finances were “very challenging” in the run-up to the Budget. Prof David Miles from the Office for Budget Responsibility (OBR) told MPs Rachel…

Watch: “There will be frustration” – Transport secretary outlines reduction in air traffic US Transportation Secretary Sean Duffy has warned that air travel capacity will be cut by up to 10% at 40 major airports over the coming days, if the government shutdown continues. The decision, which is expected to affect domestic flights only, was…

The Spanish government has fined property rentals giant Airbnb €64m (£56m) for advertising unlicensed apartments. It also said that some of the properties advertised in the popular tourist destination were banned from being rented. The fine means that Airbnb has to withdraw the adverts promoting unlicensed properties. Although the Consumer Affairs Ministry said the fine…