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Trumps Venezuela oil meeting starts with few concrete promises
Posted onUS President Donald Trump met with oil executives in Washington on Friday, as he pushed for major investments in Venezuela. But no major financial commitments were immediately forthcoming from the meeting, with the head of ExxonMobil warning the South American country was currently “un-investable”. Trump has said he expects big oil companies to direct “at…
Rising US prices could widen divide between haves and have-nots
Posted onDanielle KayeBusiness reporter Danielle Kaye/BBC Yanique Clarke says “prices are really drastically high” for meat, vegetables and fruit There’s a divide in the US economy between the haves and the have-nots. And accelerating inflation, driven in part by tariffs, could make it worse. Government data points to the early stages of businesses passing on the…
What the interest rates cut means for mortgages, pensions and savings
Posted onRachel Clun Business reporter, BBC News Getty Images Changes to the Bank of England’s base rate can affect mortgage and savings rates The Bank of England has cut UK interest rates from 4.25% to 4%, the lowest level since March 2023. The Bank of England interest rate can affect mortgage rates and interest rates on…
Bill Gates pulls out of Indias AI summit amid Epstein files controversy
Posted onGates’s decision to not speak to the summit came after days of uncertainty over whether he would attend. He is currently in India and had visited the southern state of Andhra Pradesh on Monday, where he reportedly discussed initiatives for boosting health, agriculture, education and technology.
Jersey upfront childcare payments simplifies the system
Posted onBBC Deputy Rob Ward said the new childcare payments system provided “flexibility” for parents Jersey’s education minister has defended a new scheme that allows parents to claim back childcare costs for toddlers. From next month any parent regardless of income or working requirements will be able to apply to claim up to £6,270 per school…
