The International Energy Agency (IEA), the developed nation body founded in the 1970s to deal with oil crises precisely like the one we’re now facing, has announced something extraordinary. Its members, which is to say most of the world’s rich nations, will release an unprecedented amount of oil from their national stockpiles into the global […]
Extraordinary IEA announcement not enough to bring down oil price Read More »
Tech companies have been warned to protect young people online after MPs voted down a blanket social media ban for under-16s. The Information Commissioner’s Office (ICO) and Ofcom, the communications regulator, have written to several platforms to demand stronger protections for children. Ofcom has given Facebook, Instagram, Roblox, Snapchat, TikTok, and YouTube until the end
Tech giants warned to protect children online as Ofcom hands down deadline Read More »
A record release of strategic oil reserves has been agreed in a bid to help offset supply disruption since the Middle East conflict began. The International Energy Agency (IEA) said it would coordinate a flow of 400 million barrels into the market, with the UK government contributing 13.5 million barrels. The body has barrels at
Biggest ever release of oil reserves to ease war supply disruption Read More »
The frozen proceeds of Roman Abramovich’s sale of Chelsea are being investigated in Jersey over whether they “amount to the proceeds of crime”, according to accounts published by the company through which the Russian owned the club. This relates to investigations into the sanctioned oligarch and is unconnected to the new owners who bought Chelsea
Frozen proceeds of Roman Abramovich’s Chelsea FC sale ‘investigated in Jersey’ Read More »
Did you know spring is one of the cheapest times of the year to buy a new TV? If you’re thinking of splashing out, read the latest edition of our Buy like a pro feature first… When’s the best time to buy? There are a few periods each year when you might get a bargain.
Some fuel retailers are “losing money” on diesel sales following the spike in wholesale prices witnessed since the start of the Middle East conflict, according to the industry. The Petrol Retailers’ Association (PRA), which represents the bulk of the sector, told Sky News the nature of some operators’ buying contracts – some of which involve
Fuel retailers ‘losing money’ on diesel as prices spike Read More »
Theatre is enjoying a renaissance across the UK, welcoming more people to live events than ever before, but over a third of organisations say they still expect to operate at a deficit this year. A new report by the Society of London Theatre (SOLT) & UK Theatre shows record audiences in 2025, with over 37
British theatre is beating Broadway – but still has one massive problem Read More »
Iran’s move to shut the Strait of Hormuz has brought shipping through the 24-mile stretch of water close to a standstill. Only a handful of vessels have transited in recent days, many switching off their tracking systems or linked to “shadow fleets”. “They can’t physically close a waterway of that size, but the threat is
Dark ships and shadow fleets – what is crossing ‘closed’ Strait of Hormuz? Read More »
Food prices could rise within weeks if the Iran war continues and there is a “big worry” that they won’t come back down, a trade expert has warned. Rising shipping, insurance, fuel and energy costs, combined with cancelled flights, could lead to consumers paying more in stores, James Mills, head of trade policy for Logistics
The number of billionaires has surged to a record-breaking 3,428, with Elon Musk retaining the title of the world’s richest person, according to Forbes. The magazine’s latest rankings, dominated by the tech sector, placed the Tesla and SpaceX boss in the top spot with a net worth of $839bn (£623bn), followed by Google co-founders Larry
Trump sees massive increase in wealth as new billionaire list released Read More »