Japan election: Stocks surge as Takaichi secures historic election victory

US giants ExxonMobil and Chevron saw their earnings fall compared with the same period last year, due to supply disruption from the Middle East, but both beat analysts’ forecasts and expect their profits to grow further as the year goes on, with the price of oil still significantly higher than when the war broke out.

Firms across Europe have been switching to electricity from fossil fuels for their industrial needs, encouraged by subsidies from EU funds. While that is helping bring down emissions of climate-warming gases, it has also made firms more vulnerable to power cuts. And in Spain and Portugal that threat was made painfully clear last year. On…

One of Britain’s most prolific rail fare dodgers could face jail after admitting dozens of travel offences. Charles Brohiri, 29, pleaded guilty to travelling without buying a ticket on Govia Thameslink train journeys a total of 112 times, Westminster Magistrates’ Court heard. He could be ordered to pay more than £18,000 in unpaid fares and…

Asked whether he would consider a new agreement, Dombrovskis said: “We are open for further discussions, we know the prime minister has expressed interest, actually, to come back to this issue, and there is certainly openness from the EU side for this.”