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Economy

Deal for US control of 65bn barrels in Venezuela raises questions over sovereignty and markets

A reported agreement giving the US control over 65bn barrels of Venezuelan oil has political and market implications and prompts calls for clarity.

Meta’s $18bn Deal Forces Fresh Scrutiny on Social Platforms and Child Safety

Meta’s $18bn settlement raises questions about platform practices, regulation and protections for young users.

UK regulator raises price cap: winter energy bills set to hit three-year high

Ofgem raises the energy price cap, pushing winter household bills to a three-year peak and intensifying pressure on budgets and policymakers.

Burnham leaves door open to tax rises ahead of autumn Budget

Burnham will not rule out tax increases in the autumn Budget as fiscal headroom remains constrained and analysts urge caution.

US Treasury vows to sever economic ties with Iran, warns of global isolation

US Treasury official Scott Bessent pledges to cut economic links with Iran and isolate partners; the announcement signals an intensification of financial measures.

Practical Guide: Writing an Effective Out-of-Office Message for the Holidays

Practical tips to craft concise, secure out-of-office replies: what to include, what to avoid, and how to maintain workflow during holidays.

Lawsuit Targets Truth Social’s $100,000 Early-Access Service

A new lawsuit challenges Truth Social’s plan to sell early access for $100,000 to posts by Donald Trump, arguing the service would grant payers privileged access to potentially market-moving communications.

Why tech investors wanted a slice of the World Cup — and why the plan was shelved

A proposed AI-driven commercial initiative tied to the World Cup drew interest from technology investors but was abandoned amid rights, legal and commercial constraints.

90-Second Power Cut Halts Rail Services and Reveals Infrastructure Vulnerabilities

A 90-second power outage halted rail services, triggering safety protocols and widespread commuter disruption while prompting scrutiny of signalling resilience and backup power.

US strikes $1.2bn deal to pay German firm to halt offshore wind projects

Overall, the German firm plans to invest approximately €17bn (£14.5bn; $19.6bn) in the US over the next six years "to grow its generation capacity".Interior...

Yen intervention illustrates the dangers of monetary experiments

Almost three long decades ago, during the Asian financial crisis (remember that?) I found myself in the Bank of Japan for a media briefing....