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Oil price spiral may be slowed but not stopped by G7 emergency move
Releasing 300 million barrels of oil will not address all issues. As powerful as the G7 is, China, India, and South Korea remain the key customers for physical supply of Gulf oil and gas. As such, gas tankers from the US that had been bound for Europe are now doing Atlantic U-turns and heading for…
Rishi Sunak hired by Microsoft and Anthropic as paid adviser
Rishi Sunak has taken up paid adviser roles at tech giant Microsoft and artificial intelligence start-up Anthropic. The former prime minister has been told he must not lobby ministers on behalf of the companies by the Advisory Committee on Business Appointments (Acoba), an independent watchdog which oversees the activities of former government figures. Sunak –…
NI MPs meet Treasury over home heating oil challenges
Gallagher, who is from County Fermanagh, said while she welcomed the talks, she hoped that any support mechanisms would reflect the fact that rural homes in Northern Ireland in particular have fewer alternatives to oil, as a lot of areas don’t have gas networks.
Sanae Takaichi: Japan stocks hit record after ruling party names pro-business leader
Japanese stocks have hit a record high after the country’s ruling Liberal Democratic Party (LDP) named Sanae Takaichi as its new leader, positioning the pro-business politician to be Japan’s next prime minister. The benchmark Nikkei 225 index closed 4.75% higher on Monday, ending the day above 47,000 for the first time. Takaichi, who has held…
