Oil prices under pressure as OPEC+ mulls further supply boost
The next setback in oil prices is looming as the Organization of the Petroleum Exporting Countries and allies meet later this week to discuss output levels for July. The eight OPEC+…
Economy
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Poorest nations face $22bn China debt bill in 2025, risking cuts to vital services
The world’s most vulnerable economies are facing a mounting financial crisis, with debt repayments to China reaching record highs in 2025, according to new research by the Lowy Institute. The…
How Octopus Energy is betting on AI to drive global expansion via Kraken platform
In just a decade, Octopus Energy has evolved from a London startup into a global force in the clean energy sector. The company, which started with a handful of tech-savvy…
Trump threatens Apple with 25% tariffs over foreign iPhone production; shares fall
Apple’s decision to expand its manufacturing footprint in India has triggered a sharp response from US President Donald Trump, who warned on Friday that iPhones sold in the United States…
European stocks fall as Trump proposes 50% tariff on EU imports; says talks with them ‘going nowhere’
President Donald Trump on Friday said he is recommending a 50% tariff on goods imported from the European Union, citing a lack of progress in trade talks with the 27-nation…
“No chance” iPhones can be made in the US, analysts say — options Apple could explore instead to tackle tariffs
Apple is staring down a major supply chain and pricing dilemma after President Donald Trump on Friday threatened to impose a 25% tariff on all iPhones sold in the United…
Billions frozen, visas revoked: how Trump’s war on Harvard could reshape US higher education
Harvard University finds itself at the epicenter of an escalating confrontation with the Trump administration, which has been methodically ratcheting up pressure on elite US colleges to enact sweeping policy…
Major US banks weigh joint stablecoin to counter crypto threat: report
The country’s largest commercial banks are in early talks to create a jointly issued stablecoin, an effort aimed at defending their dominance in the payments ecosystem as cryptocurrency adoption and…
Gold set for best weekly gain since April amid rising US fiscal worries
Gold prices are on track for their best weekly performance in over a month, buoyed by a decline in the US dollar and investor unease over America’s fiscal outlook, which…
Energy price cap to cut bills by 7% from July, but households still under strain
Energy bills across the United Kingdom will drop by 7% from July 1, following a decline in wholesale gas prices, according to new figures from the energy regulator Ofgem. The…