Iran war: Oil prices jump above $100 for first time in four years

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. United Arab Emirates state energy company Adnoc has emerged as the frontrunner to buy Russia’s controlling stake in Serbia’s sole oil refinery, as Belgrade grows increasingly frustrated with Moscow’s foot-dragging under US sanctions. Adnoc, or…

The owners of an award-winning artisan chocolate business say increased prices and staffing costs have forced them to close their cafe. Holly and Sam Garner said Hollychocs, in Devizes, Wiltshire, will shut the Beanery Cafe in August after two years of business. “Every time we buy ingredients or packaging, the costs go up and on…

Faisal IslamEconomics editor, Davos, Switzerland EPA-EFE/REX/Shutterstock Trump appeared at Davos remotely last year, just a few days after his inauguration Apart from the snow and the temperature Greenland does not have much in common with the Swiss alps. But the fight for the future of the island looms over the gathering of world leaders and…

Speaking to former political adviser Jimmy McLoughlin on his podcast Jimmy’s Jobs of the Future, Burnham said he was concerned that the use of technology was not making recruitment processes “fairer”. “How do you get over some of your personality, your passion?” he asked, referring to virtual interviews. “It seems to me to then work…

In recent weeks, prior to the decision release on Friday, hundreds of firms, including cosmetics company Revlon, aluminium giant Alcoa and food importers like tuna fish brand Bumble Bee, filed lawsuits contesting the tariffs, in a bid to get in line for a refund.