15 h. ago Surge in global oil production will meet slowing demand growth, warns IEA

Paris-based energy advisory body makes fifth consecutive monthly cut to demand outlook

Events

5 d. ago US gold futures surge to record high after Trump tariff blindsides global market

Unexpected levy from Trump administration could redraw trade in the metal, analysts and investors warn

Politics

6 d. ago More than 200 lobbyists at UN’s plastic treaty talks will limit progress, campaigners warn

Environmental group says industry figures will be obstructive and aim to reduce overall ambition of meetingMore than 200 industry lobbyists are attending the UN’s meeting to hammer out a global plastics treaty, raising fears that moves to prevent runaway plastic production may be undermined.The 234 lobbyists from the oil, petrochemical and plastics industries outnumber the combined delegations of all 27 EU member states, and far exceed the number of people attending with the delegation of scientists as well as Indigenous peoples at the Geneva talks. Continue reading...

Events

8 d. ago Global outbreak fears surge as virus in China prompts quarantines and thousands of new cases are reported

Chinese officials have announced Covid-like quarantines as cases of a rare virus continue to increase, with thousands more being reported this week.

Science

8 d. ago Tesla’s UK sales fall almost 60% in July as BYD surges; Neil Woodford fined and banned over fund collapse – business live

Rolling coverage of the latest economic and financial newsBritain’s service sector companies were hit by a drop in orders last month, as demand at home and abroad remained sluggish.Service sector growth slowed last month amid a decline in new work, according to the latest survey of purchasing managers from data firm S&P Global.“UK service providers recorded a third consecutive monthly rise in business activity, but they were unable to maintain the growth rate achieved in June.Moreover, new business intakes swung back into contraction during July, with the downturn in order books the fastest for just over two-and-a-half years. Risk aversion and low confidence among clients were the main reasons provided for sluggish sales pipelines, alongside an unfavourable global economic backdrop. Continue reading...

Economics

8 d. ago Gen Z has brought us the 6pm dinner – and I am not ready for it | Polly Hudson

Early evening restaurant bookings are on the rise. Great for commuters and sleep purists, but what about the rest of us?Whenever I arrange dinner with one particular friend, we haggle. The date and venue are easy to sort out, but when it comes to what time we should convene, it’s always a lengthy negotiation. I make snide “jokes” about Grandma’s Earlybird Special, she reminds me we do not live in Spain, and slowly we meet in the middle, where neither of us is happy. Now it turns out that by wanting to have dinner at 6pm, she is extremely fashionable.Curses! Continue reading...

Politics

8 d. ago Tesla’s UK sales fall almost 60% in July; Neil Woodford fined and banned over fund collapse – business live

Rolling coverage of the latest economic and financial newsBritain’s service sector companies were hit by a drop in orders last month, as demand at home and abroad remained sluggish.Service sector growth slowed last month amid a decline in new work, according to the latest survey of purchasing managers from data firm S&P Global.“UK service providers recorded a third consecutive monthly rise in business activity, but they were unable to maintain the growth rate achieved in June.Moreover, new business intakes swung back into contraction during July, with the downturn in order books the fastest for just over two-and-a-half years. Risk aversion and low confidence among clients were the main reasons provided for sluggish sales pipelines, alongside an unfavourable global economic backdrop. Continue reading...

Economics

8 d. ago Service industry growth slows as firms hit by ‘sluggish’ demand

However, new figures were stronger than expected by economists, who had predicted a reading of 51.2 for the latest month.

Events

1 week ago OPEC+ countries to boost oil production by 547,000 barrels per day

A group of countries that are part of the oil cartel OPEC+ have agreed to boost oil production, which some believe could lower oil and gasoline prices

Politics