Why the energy crisis won’t save western oil refineries
Investors have warned that Treasury secretary Scott Bessent’s attempts to slash long-term US borrowing costs are doomed to fail, and European oil refinery capacity is set to shrink by a fifth over the...
21 Aug 12min
US Treasury tries to soothe the bond market
Shares in vaccine-maker Moderna lept after it reported successful trial results for an experimental cancer vaccine, and the US Treasury department will at least double the size of its buyback of long-...
20 Aug 10min
Borrowing costs hit multi-decade highs
Iran has weighed attacking US military targets in Europe should Donald Trump escalate the war, according to people close to the regime. Long-term borrowing costs across major economies hit multi-decad...
19 Aug 12min
Airlines in stand-off over cutting ticket prices
Airlines are locked in a “stand-off” over whether to cut ticket prices, and Mark Carney is making a last ditch bid to avert Donald Trump’s latest tariff threat. Plus, the Ebola epidemic in the Democra...
18 Aug 11min
Private credit’s woes continue
Private credit is under strain as troubled loans swell, JPMorgan boss Jamie Dimon warned Britain’s chancellor against higher bank taxes, and the cost of shipping through many global maritime chokepoin...
17 Aug 12min
Venezuela demands its gold back from the UK
Leading US AI labs are releasing cheaper models to compete with cut-price alternatives from Chinese rivals. Venezuela’s government and opposition unite to demand $4bn in gold reserves back from the Ba...
14 Aug 12min
Anthropic’s anticipated $2tn IPO
Anthropic investors expect the AI start-up to be the largest ever initial public offering, and US inflation edged lower to 3.4 per cent in July as petrol prices declined. Plus, Iranian businesses are ...
13 Aug 10min
US asks Ukraine to stop strikes on tankers using Russian port
Ukraine has halted drone strikes on oil tankers using a critical Black Sea port after a request by the US, suspected Chinese hackers hit Taiwan with an autonomous AI cyber attack, and the head of the ...
12 Aug 12min
