Oil prices declined more than 3%, pushing Brent under $100, as a Reuters report said European Union countries were considering a plan to tap diesel stockpiles.
The proposal was being discussed after the Trump administration pressed for action, according to Reuters. Further details are expected as developments unfold.
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.
Gap, M S, Topshop and more are taking a leaf from luxury label playbooks to satisfy savvier generation of shoppers High street brands that boomed in the noughties before the squeeze of both sustainably minded consumers and the rise of ultra-cheap online labels are staging a comeback. This time, rather than focusing solely on trend-led affordable designs, the names familiar to any shopper are courting luxury fashion, A-list collaborations and enhanced services in an attempt to engage consumers. Continue reading...
We need policies that stop treating property as a store of wealth and that allow people to move home cheaply John Healey’s critics on the right and left accused him of dodging the big questions in his first budget . The chancellor failed to announce reforms that might tackle some of Britain’s chronic problems, they say. Healey’s scatter-gun budget, as the Resolution Foundation called it, was more about politics than economics, and unapologetically so. Continue reading...
Big Tech earnings reignited AI spending fears, sending investors into defensive stocks.
British Heart Foundation describes ‘exceptionally challenging’ trading after Oxfam’s retail profit reportedly fell 23% amid rise of platforms such as Vinted Profits at some of the UK’s best-known charity shops have plummeted as they face a number of pressures, including from online secondhand clothes platforms, prompting claims that a key part of the sector’s fundraising model could be under threat. According to unpublished accounts seen by the Financial Times , Oxfam’s retail profit fell 23% to £4.9m in the last financial year, compared with £6.4m in the previous year. Continue reading...