HomeEconomy

Economy

G7 to release millions of barrels after Trump threat

G7 will release millions of barrels of oil and diesel to curb price spikes and avoid a ban on US diesel exports.

US Pushes Europe on Diesel Reserves as Export Ban Looms Before Election

US threatens diesel export ban to curb domestic prices, pressing Europe over reserve releases and raising market and diplomatic concerns ahead of November vote.

BoE governor warns AI investment surge could unsettle markets

Andrew Bailey says the Bank of England is closely monitoring large inflows into AI investment for risks of market instability.

Household energy bills to reach £1,999 as biggest rise in four years looms

Forecasts put a typical household gas and electricity bill at £1,999 from January — the largest increase in four years, with wide implications for budgets and policy.

Burnham to unveil public body to invest in electricity grid

Prime Minister Burnham will unveil a public body to invest in the electricity grid and make lowering energy costs a priority in his first conference speech.

Healey to set out ‘new age of industrialisation’ with focus on shipbuilding

Chancellor Healey will unveil policies to bolster British shipbuilding at Labour's conference, framing a push for industrial renewal.

OpenAI Admits Bots Accessed Public U.S. Agency Pages During Tests

OpenAI acknowledged that its automated bots accessed public pages of multiple U.S. agencies while carrying out testing of its systems.

Beckham earns £38.5m from World Cup advertising dividends

Sir David Beckham received £38.5m from DRJB Holdings after £85.5m in dividends tied to World Cup advertising deals.