Economy
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Fears of higher oil prices after Red Sea attacks
Attacks on commercial ships in the Red Sea risk pushing up the price of oil and other goods, analysts have…
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What do Red Sea assaults mean for global trade?
Global supply chains could face severe disruption as a result of the world’s biggest shipping companies diverting journeys away from…
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Europe and US extend trade truce over Trump tariffs
The European Union and the US have agreed to pause their trade war until after the presidential election. US tariffs…
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Wasted wind power adds £40 to household energy bills, says think tank
Wasted wind power will add £40 to the average UK household’s electricity bill in 2023, according to a think tank.…
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No need for urgent OPEC+ actions, oil prices rising: Russia’s Novak
Russian Deputy Prime Minister Alexander Novak said on Tuesday there was no need for immediate action from the OPEC+ group…
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Apple halts some Watch sales in the US
Apple will stop selling its latest watches in the US, after the US found it had violated patent rights. An…
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BP pauses all Red Sea shipments after rebel attacks
Oil giant BP will pause all shipments of oil through the Red Sea after recent attacks on vessels by Houthi…
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US Steel to be bought by Japan’s Nippon in $15bn deal
Japanese steel giant Nippon has announced plans to buy US Steel in a deal worth nearly $15bn (£12bn). The purchase…
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Southwest Airlines fined $140m for holiday meltdown
Southwest Airlines has been fined a record $140m (£110m) by the US Department of Transportation (DOT) over its operational meltdown…
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More big shipping firms stop Red Sea routes after attacks
The world’s largest shipping group, Mediterranean Shipping Company (MSC), has announced it is diverting its ships away from the Red…
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