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Analysts say Americans have now paid $21.7bn more to fill their tanks since the start of the US war on IranExxon and Chevron quarterly earnings fall despite soaring oil pricesSign up for the Breaking News US newsletter emailThe average price for a gall…
Profits ahead of expectations but almost half of £283m impairment charge follows forecast reassessmentBusiness live – latest updatesNatWest said the economic fallout from the conflict in the Middle East could cost it £140m amid slowing growth and risin…
State pension was ‘built for a different era’, says former PM’s organisation amid pressure on government financesLabour has been urged by Tony Blair’s thinktank to scrap the pensions triple lock amid mounting pressure on government finances.With the Ir…
First quarter output, driven by AI investment and government spending, rose as oil shock fuels inflation fearsUS gross domestic product (GDP) accelerated 2% in the first three months of 2026, though consumer spending is slowing as the war with Iran con…
Governor says decision to keep rates at 3.75% reasonable given unpredictability of events unfolding in Middle EastBusiness live – latest updatesWhy Bank kept rates on hold despite UK bracing for TrumpflationThe Bank of England has left interest rates u…
ECB keeps interest rates on hold as growth stumbles and price rises gather pace, up from 2.6% in March and 1.9% in FebruaryBusiness live – latest updatesAir France-KLM cuts forecasts amid $2.4bn fuel bill riseInflation across the eurozone soared to 3% …
Markets spooked as US president appears willing to keep up naval blockade and Iran keeps strait of Hormuz all but shutBusiness live – latest updatesThe global oil price has soared above $126 a barrel, its highest level since 2022, after Donald Trump sa…
Consumer insight tracker shows 85% are worried about food prices and a majority think the economy will deteriorateThree million UK households are being forced to skip meals as consumers resort to drastic measures to deal with rising costs, according to…
Treasurer tells Commonwealth Bank podcast that he aims to ‘recognise the decisions that people have taken in the past’Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastExisting property inv…
Chair had said he’d leave after inquiry into building renovations but now says there are ‘remaining steps in the process’ he’s watchingSign up for the Breaking News US email to get newsletter alerts in your inboxThe US Federal Reserve chair, Jerome Pow…