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Asian Stocks Rise, Oil Prices Fall on US-Iran Peace Deal Hopes

Asian stocks rise amid hopes of a US-Iran peace deal and reopening of the Strait of Hormuz. European markets open higher, oil prices fall sharply, and inflation data eases rate hike concerns.

6 min read

A drone view shows vessels anchored at the Strait of Hormuz, as seen from Musandam, Oman, May 25, 2026

Ocado to Manage All Asda Home Deliveries Starting Early 2027

Asda partners with Ocado to manage all home deliveries from early 2027, aiming to boost online growth and compete with Aldi and Lidl.

3 min read

Someone sitting at a table looks at the Asda website on a tablet

Belfast Pupils Run Successful Business Winning Top Young Enterprise Awards

Pupils at Park Special School in Belfast run a successful business, Where's Ma Keys, winning top Young Enterprise awards and using profits to benefit their school community.

3 min read

BBC Ritchie has brown hair and a short beard. He's wearing a navy school jumper with a white shirt and a navy, blue and yellow striped tie. He's looking into the camera. He's standing in a classroom.

Jamaica Nears Oil Drilling Decision Amid Climate and Economic Challenges

Jamaica is nearing a decision on offshore oil drilling amid economic pressures and climate commitments. Early tests suggest oil presence, but environmental concerns and the island’s green pledges complicate the debate.

6 min read

Photomontage of an egret, an oil refinery, a bus and two men by a motorbike filling jerrycans on a background of the Jamaican flag

EU Imposes €200m Fine on Temu for Selling Unsafe Products

The EU fined Chinese retailer Temu €200m for selling unsafe products like faulty chargers and hazardous baby toys, citing failure to assess risks. Temu disputes the fine and will submit an action plan by August 28.

2 min read

EPA Smartphone screen showing Temu website with flags in the background, at the headquarters of the European Council in Brussels.

Valve Raises Steam Deck Prices Over 40% Citing Rising Component Costs

Valve has raised Steam Deck prices by over 40%, citing rising memory and storage costs amid global supply challenges. The 512GB OLED model now costs $789, and the 1TB model $949, prompting concerns about future Valve products and industry-wide price hikes.

3 min read

Valve A white OLED Steam Deck on a blue background, turned on with different game titles on the screen

Former BP Chairman Albert Manifold Responds to Allegations Following Removal

Albert Manifold rejects allegations of bullying and misconduct after BP board removes him as chairman. He disputes claims, emphasizing his focus on shareholder interests and cost control during his tenure.

3 min read

Bloomberg via Getty Images Albert looks serious in front of a blue-washed city-skyline background, wearing a dark suit and purple tie.

Treasury: 90% of Young Australians Benefit from Labor’s Tax Reforms

Treasury modelling shows 90% of young Australians will benefit from Labor’s tax reforms, including $1,000 deductions and CGT changes, despite opposition criticism and internal party debates.

4 min read

BP Chair Albert Manifold Denies Misconduct Amid Boardroom Conflict

BP’s ousted chair Albert Manifold denies misconduct allegations, challenges anonymous reports of aggressive behaviour, and highlights his efforts to cut costs and reject executive perks amid boardroom turmoil.

3 min read

Albert Manifold interviewed in front of a city background

UK Faces Youth Unemployment Crisis and Housing Challenges for First-Time Buyers

Alan Milburn warns UK risks a 'lost generation' as youth unemployment rises and first-time buyers face severe housing affordability challenges, the toughest since the financial crisis.

5 min read

The house price signs in an estate agent's window.

The £5 Coffee Reveals Global Economic Challenges and Market Shifts

The rising cost of a £5 coffee reflects global economic challenges, including climate impacts, trade wars, and shifting consumer preferences, revealing complex supply chain and market dynamics.

8 min read

BBC A graphic of multiple grey disposable takeaway coffee cups with lids

Santos Pauses Efforts on Narrabri Gas Project to Focus on Beetaloo Basin

Santos CEO Kevin Gallagher announced the company will pause efforts on the Narrabri gas project to focus on the Beetaloo Basin, amid pending approvals and opposition. The project faces legal challenges and political scrutiny, while Santos awaits further review in 2027.

4 min read