The United States is pressing European countries to release diesel from their reserves without delay as the war in Iran pushes prices to record highs. European Union nations are preparing for emergency discussions on the surge in diesel costs.
Officials have warned that a potential U.S. ban on exports could weaken Europe’s economic prospects. More details are expected as the story develops.
Earlier reports and follow-ups on the same developing story.
The Binance hack of $6.3 billion, the largest crypto theft ever, is a wake-up call for investors to understand how coin is guarded and the risk of losing it.
Binance says it has restored backing for 90% of assets affected by its $6.3 billion hack and is planning to resume withdrawals, subject to security checks.
Big Tech earnings reignited AI spending fears, sending investors into defensive stocks.
Tucked away in John Healey’s budget is decision to ringfence preventative projects where future savings outweigh initial cost It merited the briefest of mentions in John Healey’s speech and just one paragraph in the 166-page budget document , but some believe it could revolutionise not just public spending but the very process of government itself: a new focus on long-term outcomes. The idea in the broad sense is very simple. Any spending deemed to be “preventative” – that is, the initial outlay will be more than made up for by future savings – will from now on be ringfenced, meaning it cannot be raided for more immediate needs. Continue reading...
Axios reported that Qatari mediators held more than 12 hours of talks in Tehran on Friday to reach a deal to avoid a resumption of American-led attacks on Iran.
Workers with small 401(k) balances are cashing out less often under an automatic portability program, but most accounts remain in temporary IRAs.