Most bust fares in England to be capped at £2 from January
The bus fare cap in England will revert to £2 from January, new prime minister Andy Burnham has announced.
Economy
Lower fuel prices help drive inflation down to 2.6%
The UK rate of inflation has slowed to 2.6% in the year to June, driven down by lower fuel prices, according to new figures.
Norway’s national oil company profits double to $11.5bn amid war on Iran
Profits at Norway’s state oil company nearly doubled to $11.5bn (£8.6bn) in the three months to the end of June as the jump in oil and gas prices caused by the war against Iran boosted earnings.
AUD/USD Price Forecast: Consolidates near 0.7000 as bulls await 38.2% Fibo. breakout
The AUD/USD pair struggles to capitalize on a modest Asian session uptick and extends its sideways consolidative price move around the 0.7000 psychological mark on Wednesday.
Indian Rupee falls back as oil prices rally further
The Indian Rupee (INR) opens lower against the US Dollar (USD) on Wednesday after a slight relief the previous day. The USD/INR pair rises to near 96.53 as a fresh surge in oil prices due to intensifying fears of furthe…
World’s largest meat company faces legal challenge over green credentials of $6bn global expansion
The world’s biggest meat company, JBS, faces a landmark legal challenge to disclose how its $6bn (£4.5bn) global expansion plan is compatible with responsibilities to the climate, nature and human rights.
‘Risking blackouts’? How Great Britain’s grid operator was dragged into a political row
In a control room in Wokingham, Berkshire, staff work around the clock, minute by minute, to align Great Britain’s fluctuating power supplies with its ever-changing demand.
US President Donald Trump approves US-Saudi Arabia nuclear deal
US President Donald Trump approved a landmark agreement with Saudi Arabia that could potentially provide the kingdom with uranium enrichment capability for its civilian nuclear program, the Wall Street Journal reported …
Burnham announces bus fares across England to be capped at £2
Single bus fares across England will be capped at £2 from January, Andy Burnham has announced, as he continues a cost of living blitz in his first week as prime minister.
Gold sticks to gains near two-week high as hopes for US-Iran diplomacy cap USD
Gold (XAU/USD) maintains its bid tone heading into the European session and currently trades just below a two-week high, set earlier this Wednesday. The US Dollar (USD) drifts lower following a four-day uptrend amid hop…
Canadian Dollar edges higher amid bullish oil prices; upside potential seems limited
The USD/CAD pair struggles to capitalize on its strong weekly gains registered over the past two days and edges lower during the Asian session on Wednesday. Spot prices currently trade around the 1.4100 round figure, th…
WTI Price Forecast: Rises to near $85.00 on supply disruption, but remains capped below 100-day SMA
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $84.90 during the early European trading hours on Wednesday. The WTI rises as rising tensions in the Middle East raise fears of further disrup…
India Gold price today: Gold rises, according to FXStreet data
The price for Gold stood at 12,778.83 Indian Rupees (INR) per gram, up compared with the INR 12,628.91 it cost on Tuesday.
Euro gains ground above 1.1400 on hawkish ECB tone
The EUR/USD pair holds positive ground near 1.1410 during the early European trading hours on Wednesday, bolstered by a hawkish tone from the European Central Bank (ECB). However, the potential upside for the major pair…
Indonesian Rupiah inches lower ahead of BI policy decision
USD/IDR inches higher after six days of gains, trading around 17,960 during the Asian hours on Wednesday. The pair appreciates as the Indonesian Rupiah (IDR) struggles ahead of Bank Indonesia’s (BI) upcoming policy deci…
UK inflation falls to 2.6% in lift for Burnham’s cost of living plans
UK inflation dropped by more than expected in June to 2.6%, in a boost for Andy Burnham’s plans to reduce the cost of living.
The borough where families are slowly disappearing
Islington seems, on the surface, a family-friendly area. Parents push buggies through quiet leafy side streets of this popular neighbourhood that is also within easy reach of central London.
New Zealand Dollar declines as safe-haven demand lifts US Dollar
NZD/USD depreciates after opening at a bullish gap, remaining in the positive territory and trading around 0.5830 during the Asian hours on Wednesday. The pair loses ground as the US Dollar (USD) pares its daily losses …
France passes law banning under-15s from social media
France's parliament has approved a law to ban social media for under-15s from January 2027, making it the first European country to block young people from the platforms.
Pakistan requests $10 billion US facility to strengthen reserves- Reuters
ISLAMABAD: Pakistan has made eight requests to Saudi Arabia under long-term economic cooperation, including conversion of short-term existing deposits of $5 billion into a long-term facility of 10 years, enhancing oil f…
Yemen’s Houthis threaten Bab el-Mandeb closure, putting another trade chokepoint at risk
Yemen’s Houthis said that they have closed the Bab el-Mandeb Strait to Saudi-linked shipping in retaliation for the kingdom’s blockade on Yemen and a recent attack on the international airport in Yemen’s rebel-held capi…
US CENTCOM says it has completed 11th night of strikes on Iran
The United States Central Command (CENTCOM) said that it completed another night of attacks that targeted “military operations centers, maritime capabilities, aircraft hangars, drone storage facilities, and military log…
Japan’s Katayama says will take necessary steps on forex as required
Japan’s Finance Minister Satsuki Katayama said on Wednesday that the authorities will take necessary steps on the foreign exchange if necessary.
Australian Dollar strengthens above 0.7000 on RBA hawkish stance
The AUD/USD pair gathers strength to near 0.7010 during the early Asian trading hours on Wednesday. The Australian Dollar (AUD) strengthens against the US Dollar (USD) as the likelihood of the Reserve Bank of Australia …