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US Refinery Begins Processing Venezuelan Crude Amid Shifting Oil Markets

Chevron's Pascagoula refinery processes Venezuelan crude oil amid US sanctions easing. Despite increased supply, global market tensions keep US fuel prices high, but companies anticipate future consumer benefits.

5 min read

Glasgow City Centre Footfall Recovers Post-Fire Despite Ongoing Business Concerns

Glasgow city centre's footfall has rebounded to near-normal levels after the March fire at Union Street, despite ongoing business concerns and a cordon restricting access around Central Station and nearby streets.

4 min read

Airlines Cut Flights and Raise Fares Amid Soaring Jet Fuel Prices

Air India and Air New Zealand cut flights and raise fares as jet fuel prices hit record highs amid the US-Israeli conflict with Iran, impacting global airline operations and fueling concerns over further disruptions.

4 min read

Northern Ireland Hospitality Faces Pressure from Higher VAT Compared to Republic

Northern Ireland's hospitality sector faces challenges from higher VAT rates compared to the Republic of Ireland, impacting competitiveness and leading to calls for tax reductions to support local businesses.

5 min read

Universal Music Group Receives $64.3bn Takeover Bid from Pershing Square

Universal Music Group has received a $64.3bn takeover offer from Pershing Square, aiming to merge and list the new company in the US. CEO Bill Ackman praised Universal's management but cited stock underperformance due to external factors. The deal includes cash and shares, with plans to refresh t...

2 min read

Oil Surges Past $110 as Trump Sets Deadline for Iran to Reopen Strait of Hormuz

Oil prices surpassed $110 amid President Trump's deadline for Iran to reopen the Strait of Hormuz. European stocks turned positive, while UK and eurozone business activity slowed due to Middle East tensions. JPMorgan gained approval for a new Canary Wharf tower, and Universal Music received a tak...

13 min read

Oil Prices Surge Above $110 After Trump Warns Iran Could Be 'Taken Out' Overnight

Oil prices surged above $110 after President Trump warned Iran could be 'taken out' overnight amid tensions over the Strait of Hormuz. Mixed stock market reactions followed, while IMF chief Kristalina Georgieva warned of rising inflation and slower global growth.

3 min read

Bill Ackman’s Pershing Square Proposes €50bn Takeover of Universal Music Group

Bill Ackman’s Pershing Square offers to acquire Universal Music Group for over €50bn, citing undervaluation and proposing board changes including Michael Ovitz as chair.

3 min read

First Class Stamp Price Increases to £1.80 Amid Delivery Concerns

Royal Mail has raised first and second class stamp prices amid delivery performance issues and criticism from MPs and consumer groups.

3 min read

Holiday Let Owner Warns Welsh Legislation Could Lead to Bankruptcy

Paul Martin, a holiday let owner in Powys, warns Welsh government rules on holiday lets could force him into bankruptcy due to council tax premiums on under-let properties.

5 min read

Oil Prices Climb Ahead of Trump's Iran Deal Deadline at Strait of Hormuz

Global oil prices rose as President Trump's deadline for Iran to open the Strait of Hormuz nears, amid threats and disruptions affecting major Asian economies reliant on Middle Eastern energy.

2 min read

Middle East Conflict Shakes India's High-Growth Economy and Currency

India's high-growth economy faces challenges from the Middle East conflict, impacting currency, inflation, and growth. The government and RBI respond amid supply disruptions and energy import vulnerabilities.

5 min read