EU removes two oligarchs from Russia sanctions list as deadline looms
Alisher Usmanov and Mikhail Fridman delisted in what Ireland’s EU presidency calls ‘a difficult compromise’ for the bloc
Economy
Trump says he would back ban on diesel exports
US President Donald Trump has said he would back proposals to halt American diesel exports in a bid to ease prices for drivers at the pumps.
WTI extends decline as Trump signals progress in talks with Iran
West Texas Intermediate (WTI) Oil extends its decline on Tuesday as traders assess fresh Middle East developments, keeping energy prices under pressure for a fifth straight day. At the time of writing, WTI trades around…
Forex Today: Advanced PMIs in the limelight, but what about the UN General Assembly?
The US Dollar (USD) has extended its recovery on Tuesday, climbing to new multi-week highs on the back of steady bets for extra Fed tightening, while increasing hopes of a potential deal to unlock the US-Iran-Hormuz con…
Fed’s Barkin backs rate hike, stays unsure on more increases
Richmond Federal Reserve (Fed) President Thomas Barkin said on Tuesday that the Federal Open Market Committee (FOMC) decided to raise interest rates last Wednesday because inflation risks outweighed those to maximum emp…
European drugmakers say they are ‘losing ground’ to US and Chinese rivals
Some of continent’s biggest pharma firms write to national leaders calling for action to safeguard their futures
Bessent emerges as frontrunner for Trump’s "AI czar" role - report
Treasury Secretary Scott Bessent has emerged as the leading candidate to serve as the Trump administration's "AI czar," a newly created position to coordinate artificial intelligence policy across the federal government…
Trump signals diplomatic push on Ukraine and Iran as diesel ban looms
US President Donald Trump is figuring out a solution to end the war between Russia and Ukraine, after meeting with Ukrainian President Volodymyr Zelenskyy. Furthermore, he added that Russian President Vladimir Putin is …
'We screwed up': Doordash admits underpaying New York workers
DoorDash has agreed to pay a $131.5m (£99m) settlement to New York City regulators after the food delivery giant admitted failing to compensate thousands of workers correctly or on time.
FTSE 100 today: Stocks rise as Iran Hormuz offer drives oil sharply lower
August 5, 2026, 3:53 AM EDT.IPOs such as SpaceX and ChangXin Memory Technologies have generated worldwide interest, particularly across the tech and AI sectors. Still, with founders trying to maximize returns and invest…
British Pound: Fiscal squeeze risks dovish BoE – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad highlights that GBP/USD remains under 1.3400 as United Kingdom (UK) fiscal policy turns more restrictive. Rising borrowing has eroded fiscal headroom, pressuring Chancellor J…
Foreign Currency Reserves 2026 – Market Notice 22 September 2026
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US Dollar: Hawkish fedspeak backs upside risks – ING
ING’s Francesco Pesole notes the Dollar started the week strongly despite lower Oil prices and firmer global equities, helped by hawkish remarks from Federal Reserve officials Austan Goolsbee and Alberto Musalem that su…
Jim Ratcliffe halts production at Hull chemical plants over ‘ridiculous’ gas prices
Billionaire industrialist Sir Jim Ratcliffe is pausing production at three chemical plants in Hull, blaming the UK’s “ridiculously high” gas prices.
Gold steadies on Iran diplomacy hopes, Fed outlook caps upside
Gold (XAU/USD) consolidates on Tuesday as traders weigh fresh Middle East headlines while the broader geopolitical backdrop remains tense. At the time of writing, XAU/USD trades around $4,334 after rebounding from an in…
Sir Jim Ratcliffe suspends production at key UK plants blaming high gas prices
Billionaire Sir Jim Ratcliffe's industrial giant Ineos is pausing production at its three plants in Hull, blaming high UK gas prices.
Australian Dollar steadies as Middle East diplomacy takes focus
AUD/USD trims part of its earlier losses on Tuesday as traders assess fresh diplomatic signals surrounding the war between the United States (US) and Iran, weighing on the US Dollar (USD). Meanwhile, a hawkish Reserve B…
New EU industry rules would damage UK, warns Burnham
Andy Burnham has warned that planned EU rules to help European manufacturers would damage the UK, ahead of a meeting later with European Commission President Ursula von der Leyen.
EU spends three times more on imports from China than bloc exports there
Consumers and businesses in the EU are spending three times more on Chinese imports than their counterparts in China are buying from the bloc, a study has shown.
Japanese Yen: Turning point with BoJ shift – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong argue that intervention risks and a more hawkish Bank of Japan (BoJ) are key for the Japanese Yen (JPY). They see faster BoJ policy tightening gradually supporting JPY…
High-mileage electric cars are more reliable than petrol ones, study finds
Motorists buying a secondhand car with a lot of miles on the clock are likely to find an electric vehicle (EV) ultimately more reliable than a petrol vehicle, according to a study.
OpenAI’s George Osborne says datacentre nimbys holding back Britain
Former chancellor, now senior figure at OpenAI, says UK needs datacentres to maintain ‘sovereignty’ over AI tech
Australian Dollar: RBA seen hiking as inflation risks build – Standard Chartered
Standard Chartered’s Nicholas Chia now expects the Reserve Bank of Australia (RBA) to raise the cash rate to 4.60% at its 29 September meeting, revising a previous call for a hold. Chia cites recent RBA messaging focuse…
UK borrows £18bn in August, putting pressure on Healey before budget
The UK government borrowed a higher-than-expected £18.3bn last month, increasing the pressure on John Healey as he attempts to calm jittery bond markets before next month’s budget.