Global Markets Plunge Despite Trump's Naval Escort Offer in Hormuz Crisis
Stock markets worldwide continued their sharp decline on Wednesday, with South Korea
Stock markets worldwide continued their sharp decline on Wednesday, with South Korea
Geopolitical tensions in the Middle East following strikes on Iran have driven oil prices up nearly 20%, affecting inflation, interest rates, and global stock markets. Experts warn of prolonged effects on pensions and investments.
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Gold prices rebounded sharply, rising 2% as escalating Middle East conflict and a weaker U.S. dollar revived safe-haven demand for the precious metal. Spot gold reached $5,175.39 per ounce.
Gold prices rebounded sharply, rising 2% as escalating Middle East tensions and a weaker dollar boosted safe-haven demand. Spot gold hit $5,175.39 per ounce, with silver also gaining 4.5%.
Gold reaches a new peak of $4,900 per ounce as investors flock to safe havens due to market volatility from Trump
Gold and silver prices surged to unprecedented levels before crashing dramatically. Discover the causes behind the volatility and crucial risks for everyday investors.
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RecommendedThe FTSE 100 closed higher after President Trump said he wouldn
European stock markets show tentative calm after heavy losses, but Brent crude oil hits a 20-month high above $84.50 amid Middle East supply fears.
Crocs has teamed up with Umbro to launch a new line of football-inspired clogs just in time for the World Cup. The collaboration features two styles that blend Crocs
Treasury Secretary Scott Bessent proposes a three-year residency rule for Federal Reserve bank presidents, potentially increasing White House influence over the independent central bank. Read the full analysis.
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Asian markets diverged on Wednesday. Japanese and Korean tech stocks soared, while Chinese indices fell on weak factory data. Bitcoin rebounded above $94,000. Get the full analysis.
Asian shares extended losses on Wednesday amid a global sell-off, with oil prices climbing higher due to escalating conflict with Iran, raising inflation and economic growth concerns.
Apple reports strong sales growth but warns iPhone sales are hurt by chip shortage. Outgoing CEO Tim Cook flags supply issues as John Ternus prepares to take over in September.
Wall Street tumbles as AI bubble fears resurface, despite Nvidia
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Kurt Strauss, a senior engineer at the Electricity Council, fled Nazi Germany as a child and contributed to UK energy infrastructure for over two decades.
GE Appliances shifts production from China to Kentucky, awarding over $150 million in new US supplier contracts and creating 800 jobs. Discover the impact on American manufacturing.
The European Commission has proposed the Industrial Accelerator Act, a
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RecommendedBMW confirms the end of the road for its iconic Z4 roadster in 2026. Discover the history of the Z series and why sports cars are vanishing. Read the full story.
Airbus has reduced its 2025 aircraft delivery forecast, citing a new quality issue with A320 fuselages. The move impacts airlines and supply chains. Read the full analysis.
The Foreign Office warns UK travellers to Switzerland about risky winter sports and inadequate insurance, which could lead to hospitalisation or £3,000+ rescue bills.
The Association of British Insurers reveals a record £4 billion in private medical insurance claims were processed in 2024, with workplace schemes driving a 16% surge in payouts.
The Financial Conduct Authority plans to give lenders up to five months to prepare for a motor finance redress scheme, delaying compensation for millions of mis-sold car loans.
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RecommendedThe FCA plans final rules this month for a redress scheme that could see millions compensated for mis-sold car loans, with lenders given up to five months to pay out.