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UK Inflation Holds at 3% Ahead of Iran War Energy Impact

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UK inflation held steady at 3% in February, before the Iran war pushed global energy prices higher. Official figures showed the consumer prices index...
Business

Tax Rise Fears Grow Amid Energy Crisis

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Chancellor Rachel Reeves faces mounting pressure as tax rise fears grow during the energy crisis. Economists and political opponents have urged Reeves not to increase...
Business

BP Cost-Cutting Plan Hits German Refinery

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BP has agreed to sell its German oil refinery in Gelsenkirchen to investment firm Klesch Group. This move forms part of the company’s $20bn...
Business

UK Gas Prices Soar 25% After Iranian Strikes on Qatar LNG Facilities

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UK gas prices surged by 25% overnight following Iranian missile attacks on Qatar’s liquefied natural gas facilities. The strikes targeted the Ras Laffan hub,...
Business

Labour-EU Rejoin Debate Deepens After Sadiq Khan Call

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The labour EU rejoin debate has intensified after Sadiq Khan called on the party to support returning to the European Union. His comments have...
Business

Chancellor Rachel Reeves Warns Brexit Risks Leaving UK “Stranded” Between Trading Blocs

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Chancellor Rachel Reeves warned today that Brexit risks leaving the UK “stranded” between global trading blocs. Consequently, she urged a deeper relationship with the...
Business

UK Energy Support Considered As Costs Rise

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The UK government is considering new UK energy support measures for households as global tensions push energy prices higher. Officials say the support could help...
Business

Tesla Approved to Enter UK Energy Market With New Electricity License

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Tesla has received approval to enter the British energy market with a new Tesla UK electricity supply license. The decision came from Ofgem, the country’s...
Business

Gulf Ship Attack Reported By UK Maritime Agency

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A Gulf ship attack struck a container vessel early Thursday near the coast of the United Arab Emirates, raising fresh security concerns. The United Kingdom...
Business

Hormuz Ship Attack Hits Second Cargo Vessel

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Hormuz ship attack reports increased Wednesday after another cargo vessel was struck in the Strait of Hormuz. The incident marked the second attack reported within...
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