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G7 stands ready to release emergency oil reserves
Stay informed with free updates Simply sign up to the Oil myFT Digest — delivered directly to your inbox. G7 finance ministers said they would take the “necessary measures” to tackle the surge in oil prices but stopped short of agreeing on a release of strategic petroleum reserves after an emergency meeting on Monday. In…
Fed cuts rate but future easing uncertain
Danielle KayeBusiness reporter Reuters U.S. Federal Reserve Chair Jerome Powell speaks as he holds a press conference following a two-day meeting of the Federal Open Market Committee (FOMC), at the U.S. Federal Reserve in Washington, D.C., U.S., December 10, 2025. The US Federal Reserve has lowered interest rates for the third time this year, even…
Badenoch ‘worried’ UK may need IMF bailout
Kemi Badenoch has said she is “really worried” that the UK might be forced to embark on a 1976-style bailout from the International Monetary Fund. The Conservative leader told BBC Newsnight that the UK could be forced to go “cap in hand” to the IMF unless the government delivers a plan for economic growth. She…
Record temperatures drives up home air conditioning sales
Air conditioning companies have reported business is booming, with one saying inquiries for its home units is up by 300%. Shoppers rushed to pick up portable air conditioning units, external as a red extreme heat warning was put in place for millions of people and temperatures rose to 36.7C, the hottest recorded for June. A…
Amazons Ring ends deal with surveillance firm Flock after backlash
The Electronic Frontier Foundation, a non-profit that promotes people’s rights on the internet, said the ad used something “heartfelt” as a disguise for a feature that previewed “a world where biometric identification could be unleashed from consumer devices to identify, track, and locate anything — human, pet, and otherwise”.
