Britain’s Borrowing Outlook Darkens as Energy Shock Deepens
Chancellor Rachel Reeves has been warned that government borrowing is set to spike as a result of the…
Labor is quietly confident the battery boom will help prevent power price shocks
It was remarkable timing and powerful symbolism. Two giant chimneys towering over the site of the old Liddell…
Markets to enter prolonged “drag phase,” not deep correction: Vikas Khemani
Global macro uncertainty, persistent geopolitical tensions, and sticky energy prices continue to dominate investor sentiment, even as Indian…
Iran war drags European economy down, pushes prices up
By Jonathan Cable and Mark John LONDON, May 21 (Reuters) – The energy shock from the Iran war…
Starmer hails ‘huge win’ as Britain secures Gulf trade deal – POLITICO
However, the digital chapter does not include a dispute settlement mechanism, meaning the data localization commitments are not…
Top ECB official warns oil shock may force interest rate hikes – POLITICO
Determined not to repeat the mistakes of 2022, Demarco said policymakers must stop higher energy costs from feeding…
Global Oil Stockpiles Plunge as Iran War Chokes Supply
The West’s international energy watchdog has warned that oil stockpiles were being drained at a record rate last…
US consumer inflation hits three-year high fuelled by Iran war
Energy prices have surged in the wake of the Iran war, but April’s inflation also saw significant contributions…
Britain set to lose 163,000 jobs in 2026 as Iran war sparks economic crisis
Britain faces a projected loss of 163,000 jobs this year, with lower-income regions set to bear the brunt…
China CPI Jumps as Middle East Crisis Pushes Energy Costs Higher
China’s consumer inflation accelerated to 1.2% in April, topping analyst estimates, as the Middle East crisis drove a…
Ireland has the highest household electricity prices in the EU – The Journal
Ireland has the highest household electricity prices in the EU The JournalIreland has most expensive electricity prices in Europe RTE.ieIreland’s…
‘Take the money and run’: Johns Hopkins economist Steve Hanke on why the UAE quit OPEC
The decision was shocking. But the announcement April 28 that the UAE was leaving OPEC caps years of…