UK output slips 0.1% in April as energy shock hits activity
Services weakness pulled UK GDP lower in April, with firms telling the ONS the Iran conflict had raised fuel and energy costs.
By Ingrid Halvorsen 1 month agoSection
Economics
Iranian oil tankers leave Hormuz blockade as shipping firms await deal
Kpler data show three Iran-linked tankers carrying nearly 5mn barrels of crude have crossed the U.S. blockade perimeter before a p...
By Sarah Jenkins 1 month ago
US private hiring slowed to 98,000 jobs in June, ADP says
ADP said private employers added fewer jobs than economists expected in June, with health and education services accounting for ne...
By Sarah Jenkins 1 month ago
US inflation reaches 4.2% in May as energy costs jump
The CPI rose 0.5% in May, matching expectations, while core inflation was cooler than forecast as energy drove the annual rate to...
By Ingrid Halvorsen 1 month ago
EU trade push meets heat-driven demand for Chinese cooling units
Brussels wants progress on its China trade deficit by October as a European heat wave lifts demand for air conditioners largely su...
By Sarah Jenkins 1 month agoU.S. readies Venezuela aid after deadly twin earthquakes
Trump ordered agencies to prepare assistance as Venezuela reported 164 deaths and the USGS warned of severe human and economic los...
By Sarah Jenkins 1 month ago
US grants 60-day Iran oil waiver as buyers weigh dollar trades
The Treasury license allows Iranian oil and petrochemical sales in dollars through Aug. 21, potentially releasing stranded crude a...
By David L. Chen 1 month agoUS stock futures slip as oil and gasoline remain below year-ago levels
S&P 500 and Dow futures pointed lower Sunday night, while WTI crude stood about 24% below its level a year earlier, according to m...
By David L. Chen 1 month agoIMO halts Hormuz evacuation plan after Evergreen ship is hit near Oman
The UN maritime agency paused a Gulf exit plan after a Singapore-flagged container ship was struck near Oman, adding pressure to H...
By David L. Chen 1 month ago
China tightens export controls on Japanese defence-linked entities
Beijing added 40 Japanese entities to control and watch lists, raising licensing pressure on defence, drone, nuclear and industria...
By Ingrid Halvorsen 1 month ago
Burnham faces early North Sea oil test as supply risks rise
The likely next UK prime minister must choose between new North Sea drilling and a faster clean-energy push amid renewed fuel secu...
By David L. Chen 1 month ago
US producer prices rise 1.1% in May as energy costs jump
The producer price index beat expectations in May, with the annual wholesale inflation rate reaching its highest level since Novem...
By David L. Chen 1 month ago