E.ON Next deal to buy Ovo Energy leaves UK with just ‘big three’ energy suppliers
Competition watchdog clears takeover despite concerns that suppliers will have less incentive to lower bills
Economy
Oil prices jump 5% on Middle East tensions and US hurricane threat
Oil prices have risen sharply amid fears about escalating tensions in the Middle East and a squeeze on production from the threat of a hurricane off the US coast.
European Central Bank: Neutral communication with upside inflation risks – Nordea
Nordea’s Chief Analyst Jan von Gerich interprets the ECB’s September monetary policy account as supporting further rate hikes, likely in December and March. The Governing Council remains focused on upside inflation risk…
Wrexham and Rochdale train services rejected over west coast line pressure
Regulator also vetoes extra Blackpool service, saying insufficient space for new direct trains to LondonBusiness live – latest updatesPlans to run direct train services to Wrexham and Rochdale from London have been reje…
Regulatory Patchwork: Sterling Households Face New Crypto and Retail Trade Risks
The governance landscape for digital assets in the United Kingdom is entering a period of significant friction, driven by a widening gap between European regulatory standards and the evolving domestic framework. While t…
U.S. weekly initial jobless claims edge down to 197,000
Editor’s Note: The ETFs tracking benchmark indices, lede, economic data, and the headline were updated in the story.
America’s Jobs Market Has Stopped Hiring Without Starting to Fire
Experts have been predicting that AI will decimate knowledge workers for several years, but the overall unemployment rate in the U.S. remains near historic lows. Yale’s Jeffrey Sonnenfeld and his co-authors say that the…
Supermarket shake-up: why Asda or Morrisons could vanish within a decade
Talks between Sainsbury’s and Morrisons have set industry tongues wagging, with analysts saying the market is ripe for change
Australian Dollar declines as US Dollar gains amid rising Treasury yields
AUD/USD extends its losses for the second successive day, trading around 0.6950 during the European hours on Thursday. The pair loses ground as the US Dollar (USD) gains support amid Treasury yields climbing back toward…
Asos hackers took more personal details than first revealed, BBC finds
Asos has told its customers hackers are in possession of detailed profiles of potentially millions of the online store's users.
Australian Dollar: Neutral outlook inside tight range against US Dollar – UOB
UOB strategists Quek Ser Leang and Lee Sue Ann note AUD/USD slipped to 0.6943 after previously expecting modest upside, but the move has not generated strong bearish momentum. Intraday, the Australian Dollar (AUD) is se…
Chrysler Building to get its crown restored after being sold
The Chrysler Building, one of the most distinctive high-rises in Manhattan's skyline, will undergo a major renovation as part of a multi-million-dollar sale deal.
Fed’s Waller: Further hikes don’t need to come at consecutive meetings
Federal Reserve (Fed) Governor Christopher Waller said in a speech at the Central Bank of the Republic of Türkiye (TCMB) Istanbul Economic Forum on Thursday that more interest rate hikes are needed as inflation remains …
Tesco lifts profit forecast and predicts a low-alcohol Christmas
Tesco has raised its profit outlook as it expects households to splash out this Christmas – despite buying less alcohol – as they shrug off “uncertainty” over the Iran war.
US Dollar: Fed cautious on further hikes – MUFG
MUFG’s Lee Hardman notes the Dollar index is holding near year-to-date highs even as US rate markets pare back expectations for further Federal Reserve tightening. Softer US data and FOMC minutes signal no urgency to hi…
PepsiCo to cut costs as weak N.America business hurts core profit forecast
PepsiCo, Inc.PEP is expected to register top-line growth when it reports third-quarter 2026 numbers on Oct. 8, before the opening bell. The Zacks Consensus Estimate for third-quarter revenues is pegged at $24.9 billion,…
Gold gains modestly as US Treasury yields ease, Fed hike risks linger
Gold (XAU/USD) holds modest gains on Thursday as a retreat in US Treasury yields tempers the US Dollar’s (USD) strength, helping the metal regain some ground. However, Gold lacks bullish conviction and remains in a bear…
Oil: Prices supported by supply risks and Iran tensions – Danske Bank
Danske Research Team highlights that European diesel prices surged after IEA members accelerated previously announced oil stock releases, prioritising diesel amid tight markets and Iran-related disruptions. Strait of Ho…
Rising Real Yields Point to a 6% 10-Year Treasury Rate
The Relationship Every Gold Trader Should Understand Why Falling Real Yields Continue to Be One of Gold's Most Powerful Bullish Catalysts "Gold does not compete with stocks. Gold does not compete with bonds. Gold compet…
Hawkish Fed Minutes Keep US Dollar Supported
All participants at the Federal Reserve's (Fed) September 15–16 meeting supported the 25-basis-point rate increase, while most judged that another hike would probably be appropriate by the end of the year. The Minutes s…
USD/CAD Price Forecast: Consolidates near 1.4250 as rising oil prices counter bullish USD
The USD/CAD pair attracts some sellers during the first half of the European session on Thursday, though it lacks follow-through and currently trades around mid-1.4200s, nearly unchanged for the day. Moreover, spot pric…
Piero Cipollone: Interview with Corriere della Sera
Not at all. Perhaps some people initially feared that the aim of the digital euro was to replace cash. But that is not the case. The ECB’s work to develop and ultimately introduce a new series of euro banknotes with dif…
Rates Outlook: Volatility Is No Friend of Spreads
📘 Why Manual Forex Trading Is Officially Dead — And AI Will Bury It in 2026 ________________________________________ 1. 🚨 Executive Summary Manual FX trading is not merely declining—it is entering its terminal phase. As…
Indian Rupee gets relief from likely RBI intervention, downside remains favored
The Indian Rupee (INR) opens mildly higher against the US Dollar (USD) on Thursday due to possible Reserve Bank of India’s (RBI) intervention. According to a Reuters report, Indian central bank likely sold US dollars ne…