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UK Inflation Rate Holds Steady at 3% in February

The UK inflation rate stayed at 3% in February, driven mainly by clothing price rises. Data predates the US-Israel-Iran conflict, which may impact future inflation.

1 min read

Middle East Conflict May Trigger Food Price Increases in Northern Ireland

The Middle East conflict is disrupting fertiliser supplies via the Strait of Hormuz, causing soaring prices and shortages that threaten food production and could lead to higher food costs in Northern Ireland and beyond.

4 min read

Oil Prices Drop as Trump Highlights Iran Peace Talks Amid Disputes

Oil prices fell sharply after President Trump claimed Iran peace talks are underway, a statement denied by Tehran. The conflict has driven energy prices up, with industry leaders warning of potential shortages and economic recession risks.

3 min read

Epic Games Cuts Over 1,000 Jobs Citing Fortnite Engagement Drop

Epic Games is laying off over 1,000 employees due to declining Fortnite engagement and rising costs, marking its second major workforce reduction since 2023.

2 min read

Australia and EU Finalize Major Trade Deal Amid Global Shifts

Australia and the EU have finalized a comprehensive A$10bn trade deal after eight years, removing tariffs and boosting cooperation on defense and critical minerals amid global uncertainty.

4 min read

Oil Traders Place Millions in Bets Before Trump Delays Strikes on Iran

Traders placed hundreds of millions in oil bets minutes before Trump's announcement delaying strikes on Iran, sparking insider trading speculation amid volatile Middle East markets.

4 min read

Mortgage Rates Surge, First-Time Buyers Face Rising Costs and Fewer Deals

Mortgage rates are rising rapidly, impacting first-time buyers with fewer low-deposit deals and higher costs amid ongoing market volatility linked to geopolitical tensions.

3 min read

UK Minister Denies Fuel Shortage as Reeves Prepares Economic Response to Iran Conflict

Chancellor Rachel Reeves prepares to address MPs on economic measures amid soaring energy prices from the Iran war. Ministers deny fuel shortages and emphasize targeted energy support. Nigel Farage opposes tobacco age ban; Lisa Nandy backs Burnham's candidacy; Ed Davey criticizes Reform UK.

9 min read

Oil Prices Surge Past $100 Amid Conflicting US-Iran Talk Reports

Brent crude oil prices rose above $100 after falling sharply, amid conflicting reports of US-Iran talks. Market volatility continues as the Strait of Hormuz remains blocked, impacting global energy supplies.

2 min read

Brent Crude Surges Past $100 Amid Renewed Middle East Tensions

Brent crude oil prices have risen above $100 per barrel amid renewed Middle East tensions, following mixed signals on talks between the US and Iran and recent strikes in Iran’s Isfahan region.

3 min read

UK Vet Prescription Fees Capped at £21, Price Lists to Be Published

The UK's Competition and Markets Authority will cap vet prescription fees at £21 and require vets to publish price lists. A price comparison website will also be launched to increase competition and reduce consumer costs, following a watchdog investigation.

1 min read

Estée Lauder in Merger Talks with Puig, Owner of Jean Paul Gaultier and Rabanne

Estée Lauder is in talks to merge with Puig, owner of Jean Paul Gaultier and Rabanne, potentially creating a $40bn beauty giant amid recent industry deals.

2 min read