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Watch: How war in Iran may affect food and fuel prices
As the US and Israel continue strikes on Iran, and with retaliatory strikes hitting nearby Middle East states, key shipping routes are being disrupted. Oil and gas production in the region is also being affected. The BBC’s Nick Marsh examines how the war could cause a rise in living costs around the world.
US-China trade tensions back as port fees take effect
The US and China started charging new port fees on each other’s ships on Tuesday, as trade tensions between the world’s two biggest economies increase. China says its levies aim to safeguard the country’s shipping industry from “discriminatory” measures and apply to US-owned, operated, built, or flagged vessels but not Chinese-built ships. It comes in…
US Fed holds interest rates and defends central bank independence
Two Fed officials voted in favour of an interest rate cut – Stephen Miran, who is on leave from his post at the White House where he leads Trump’s Council of Economic Advisers, and Christopher Waller, a Trump appointee whose name has been floated as contender to succeed Powell.
Police consider corporate manslaughter charges in Post Office scandal
Police officers investigating the Post Office Horizon IT scandal are now considering corporate manslaughter charges. In an update, shared with victims in the past few days, the National Police Chiefs’ Council (NPCC) said the investigation is looking at offences of perjury and perverting the course of justice, along with corporate manslaughter – which affects companies,…
US approves sale of Nvidias advanced H200 chips to China
Osmond ChiaBusiness reporter Getty Images Nvidia CEO Jensen Huang The US government has given chip giant Nvidia the green light to sell its advanced artificial intelligence (AI) processors in China, the Department of Commerce said on Tuesday. The H200, Nvidia’s second-most-advanced semiconductor, had been restricted by Washington over concerns that it would give China’s technology…
