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Steel Leaders Warn UK Trade Loophole Risks Jobs and Factory Closures

Steel industry leaders warn a loophole in UK trade rules allows foreign pre-made steel parts tax-free entry, risking job losses and factory closures despite new tariffs aimed at protecting domestic producers.

4 min read

An aerial view of the British Steel Scunthorpe site in England

Alexander Dennis Proposes Falkirk Plant Closure, Threatening 115 Jobs

Alexander Dennis plans to close its Falkirk plant, risking 115 jobs, despite recent government support and new orders for zero-emission buses. Discussions with the Scottish government continue amid concerns over procurement and market challenges.

4 min read

US Gas Prices Exceed $4 for First Time Since 2022 Amid Iran Conflict

US gas prices have topped $4 per gallon for the first time since 2022 due to the Iran war and Strait of Hormuz closure, with diesel also rising sharply amid global fuel price increases.

2 min read

Los Angeles Times via Getty Images A woman fills up her black car at the petrol station

Nationwide Predicts UK Housing Market Will Soften Amid Iran War Impact

Nationwide forecasts a softening UK housing market due to rising mortgage and energy costs linked to the Iran war. Despite March price growth, higher rates and economic uncertainty may dampen activity.

3 min read

Getty Images A couple looking across an empty room in a new house

UK House Prices Rise Amid Economic Growth Upgrade Despite Iran Conflict Risks

UK house prices rose 0.9% in March amid an upgraded economic growth forecast, but the Iran conflict and rising energy costs cloud the outlook. Inflation and interest rates remain uncertain, with regional housing markets showing varied performance.

8 min read

Korean Air Enters Emergency Mode Amid Soaring Jet Fuel Prices

Korean Air shifts to emergency management amid soaring jet fuel prices caused by the US-Israel conflict with Iran, implementing cost-cutting measures to ensure financial stability.

2 min read

Getty Images A Boeing 747 passenger aircraft, operated by Korean Air Lines, on the tarmac outside the company's hangar at Incheon International Airport

Drivers Await Compensation from FCA Car Finance Redress Scheme

The FCA's car finance redress scheme could compensate millions mis-sold agreements from 2007-2024. Drivers like Poppy Whiteside and Gray Davis share their experiences claiming payouts amid ongoing challenges.

4 min read

Poppy Whiteside Poppy Whiteside smiling slightly at the camera with her home, with a framed piece of art and plants on the wall, in soft focus in the background

Air Canada CEO to Retire Following Criticism Over English-Only Condolence Video

Air Canada CEO Michael Rousseau will retire after criticism for delivering a condolence video only in English following a fatal LaGuardia Airport collision that killed two pilots, including a French-speaking Quebec native.

3 min read

Getty Images An image showing Michael Rousseau surrounded by media microphones at a scrum in Montreal, pictured in 2021. He has short white hair, and is wearing a suit and copper patterned tie.

Global Measures to Curb Impact of Rising Oil Prices Amid Strait of Hormuz Crisis

Rising oil prices due to the Strait of Hormuz closure have prompted global governments to implement fuel rationing, free public transport, and energy-saving measures to protect consumers and economies.

5 min read

Getty Images Petrol prices displayed on a digital sign outside a BP petrol station in Guildford.

1970s Oil Crisis Explained and Risks of a More Severe Energy Crisis Today

The closure of the Strait of Hormuz amid the US-Israeli war with Iran raises concerns of an energy crisis surpassing the 1970s oil shock, with experts debating global resilience and economic impacts.

4 min read

James Pozarik/Liaison via Getty Images In a photo from the 1970s, a woman in a blue and white dress uses a red jerry can to pour petrol into her brown car. In the background, a man walks behind her car with another jerry can, while a large group of people queue.

Rising Fertiliser Costs Lead Farmer to Consider Not Planting Crops

Farmer Olly Harrison faces rising fertiliser costs and a shortened growing season, leading him to consider selling fertiliser rather than planting crops this year.

3 min read

Olly Harrison Olly Harrison has short brown hair, he is wearing a red hooded top and a blue jacket and is looking at the camera while stood in front of large stock of fertiliser

Trump and Oil Markets: A Month of Fluctuations Amid US-Israel Strikes on Iran

A month into US and Israel's strikes on Iran, Trump's statements continue to influence oil prices, though traders grow skeptical amid ongoing conflict and market uncertainty.

3 min read

Getty Images Oil prices are seen displayed on a mobile device

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