26 h. ago Oil prices fall after Trump says Venezuela will send up to 50m barrels to US

Deal would give US president power to sell up to $3bn-worth of crude stranded in tankers and storage facilitiesBusiness live – latest updatesGlobal oil prices have fallen by more than 1% after Donald Trump said Venezuela would hand over 30m to 50m barrels of the country’s blockaded crude to the US.The deal would give the US president the power to sell up to $3bn (£2.2bn) worth of Venezuelan crude stranded in tankers and storage facilities into an already oversupplied global market. Continue reading...

Politics

27 h. ago FTSE 100 LIVE: London falls and Europe mixed as Trump says Venezuela will send oil supply to US

FTSE 100 LIVE: London falls and Europe mixed as Trump says Venezuela will send oil supply to US  Yahoo Finance UK

Politics

28 h. ago Oil price falls after Trump says Venezuela will send supply to US – business live

Rolling coverage of the latest economic and financial news, as Brent crude drops back to $60 a barrelVenezuela ‘turning over’ $2bn in oil to US, Trump says, in move that could cut supply to ChinaDonald Trump’s “gunboat diplomacy” in Venezuela shows that securing access to critical natural resources such as oil is now a key priority for Washington, say analysts at Unicredit.They point out, in a note to clients, that the toppling of Venezuelan President Nicolás Maduro marked a decisive break with the rules‑based international order, ushering in a more assertive, America‑First form of hegemony across the western hemisphere.Given that China was the main buyer of smuggled Venezuelan oil and is Caracas’s principal creditor, the move is clearly intended to send a strong signal to Beijing, which has ambitious plans in South America, particularly in resource‑rich countries such as Peru.In 2023, China and Venezuela formalised an “all‑weather strategic partnership”. Beijing also used oil trade...

Politics

8 d. ago Eurostar disruption: Channel tunnel partially reopens after power supply problem halts services – business live

Eurostar ‘strongly advise’ passengers to postpone journeys after problem with overhead power supply in Channel tunnel and a failed Le Shuttle trainFull story: Eurostar cancels all trains to and from London after Channel tunnel power cutTell us: have you been affected by the Channel Tunnel rail disruption?European stocks have hit a record high today, ending a strong year on the front foot.The pan-European Stoxx 600 index has risen by over 0.2% this morning to 590.65 points, a new peak.The Euro area and UK economies proved more resilient in 2025 than we anticipated. US tariffs weighed on exports and real GDP growth in Q2 and Q3, but domestic demand has generally been more robust than we anticipated.As a result, Euro area and UK GDP growth, while still underperforming the US this year, have turned out higher than in our forecast at the end of 2024. Continue reading...

Politics

8 d. ago Eurostar disruption: Channel tunnel operator announces ‘gradual’ resumption to train traffic after power supply problem halts services – business live

Eurostar ‘strongly advise’ passengers to postpone journeys after problem with overhead power supply in Channel tunnel and a failed Le Shuttle trainTell us: have you been affected by the Channel Tunnel rail disruption?European stocks have hit a record high today, ending a strong year on the front foot.The pan-European Stoxx 600 index has risen by over 0.2% this morning to 590.65 points, a new peak.The Euro area and UK economies proved more resilient in 2025 than we anticipated. US tariffs weighed on exports and real GDP growth in Q2 and Q3, but domestic demand has generally been more robust than we anticipated.As a result, Euro area and UK GDP growth, while still underperforming the US this year, have turned out higher than in our forecast at the end of 2024. Continue reading...

Politics

8 d. ago Eurostar and LeShuttle services suspended after power supply problem in the Channel tunnel – business live

Eurostar “strongly advise” passengers to postpone their journey to a different date, after a problem with the overhead power supply in the Channel tunnel and a failed Le Shuttle trainTell us: have you been affected by the Channel Tunnel rail disruption?European stocks have hit a record high today, ending a strong year on the front foot.The pan-European Stoxx 600 index has risen by over 0.2% this morning to 590.65 points, a new peak.The Euro area and UK economies proved more resilient in 2025 than we anticipated. US tariffs weighed on exports and real GDP growth in Q2 and Q3, but domestic demand has generally been more robust than we anticipated.As a result, Euro area and UK GDP growth, while still underperforming the US this year, have turned out higher than in our forecast at the end of 2024. Continue reading...

Economics

3 w. ago Trump to send checks to military as war looms with Venezuela

Donald Trump announced Wednesday night in a live White House address that he will be sending all active duty troops a $1,776 check before Christmas.

Events

3 w. ago FTSE 100 Live 17 December: Inflation rate shows surprise fall, oil price steadies

The rate of inflation fell far more quickly than expected last month paving the way for another cut in interest rates tomorrow.

Economics