G7 countries have agreed to make as much as 100 million barrels of crude oil and diesel available from emergency stockpiles in a joint response to rising prices and Donald Trump’s threat to halt American diesel supplies.
French President Emmanuel Macron said ministers representing several of the largest economies reached the agreement during urgent discussions on Friday. 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.
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.
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.