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Oil back above $110 after expletive-laden Trump threat to Iran
Posted onTrump wrote on Sunday: “Tuesday will be Power Plant Day, and Bridge Day, all wrapped up in one, in Iran. There will be nothing like it!!! Open the Fuckin’ Strait, you crazy bastards, or you’ll be living in Hell – JUST WATCH! Praise be to Allah. President DONALD J. TRUMP”.
Starbucks to close some US and UK stores
Posted onStarbucks will cut about 900 jobs and close its worst performing stores in the US as well as some in the UK as part of a cost-saving restructure, the coffee chain said. Most of the stores earmarked for closure are in North America and its chief executive said the revamp would reduce wait times and…
Trade deal: India and EU announce FTA amid Trump tariff tensions
Posted onAbhishek Dey and Arunoday Mukharji in India and Jessica Parker in Brussels EPA/Shutterstock (From left) European Council President António Costa, Indian Prime Minister Narendra Modi and European Commission President Ursula von der Leyen in Delhi on Tuesday The European Union and India have announced a landmark trade deal after nearly two decades of on-off talks,…
US-China trade talks set for day two as TikTok deadline looms
Posted onUS and Chinese officials will hold a second day of trade talks in Spain on Monday as the deadline for the Chinese owner of TikTok to find a buyer or face a ban in America looms. The negotiations, led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, are the latest attempt…
Thousands of homes with botched eco insulation ‘must be fixed’
Posted onZoe ConwayCorrespondent, BBC News and Pritti MistryBusiness reporter BBC Mohammed Muhedi noticed problems almost immediately following insulation work in his home in 2023 A government scheme aimed at cutting energy use by insulating homes was botched on a vast scale, a spending watchdog has found, leaving tens of thousands of homes in need of remedial…
Reeves speech did not mislead on challenges facing UK ahead of Budget, says OBR official
Posted onMichael RaceBusiness reporter Getty Images A senior official at the UK’s economic forecaster has said he does not believe the chancellor was being misleading when she said the state of the public finances were “very challenging” in the run-up to the Budget. Prof David Miles from the Office for Budget Responsibility (OBR) told MPs Rachel…
