Oil slips after hitting $90/bbl as OPEC+ considers output cut
Oil prices dropped after touching the $90 per barrel mark on Thursday as traders awaited clarity on potential OPEC+ cuts next week and as the...
International
Europe braces for mobile network blackouts
Once unthinkable, mobile phones could go dark around Europe this winter if power cuts or energy rationing knocks out parts of the mobile networks across...
IEA Birol: “very obvious” who was behind the Nord Stream sabotage
Fatih Birol, head of the International Energy Agency (IEA), said on Thursday it was “very obvious” who was behind the suspected sabotage against the Nord...
Oil price dips as dollar strengthens, demand weakens
Oil prices retreated slightly on Thursday after gaining more than $3 in the prior session, with a strong dollar capping oil demand from buyers using...
UK housing market may face perfect storm as mortgage rates rise, house prices drop
A surge in borrowing costs and a likely slowdown in economic growth threaten to trigger a selloff in Britain’s housing market with consequences for personal...
Why is Bank of England acting again? What next in the UK crisis?
Britain’s central bank resorted to buying bonds again on Wednesday in an emergency move to reduce the chaos in financial markets which was triggered last...
Challenging ‘orthodoxy,’ Kwarteng clings on after UK market rout
As new British Chancellor, Kwasi Kwarteng hoped to take down finance ministry groupthink that he and new Prime Minister Liz Truss saw as holding Britain...
Lebanon to slash official exchange rate from Nov. 1, finance min says
Lebanon plans to slash its official exchange rate, replacing the 1,507 per dollar rate adopted 25 years ago with a rate of 15,000 in a...
Russia aiming to fly solo without Airbus and Boeing
Russia’s aviation industry will aim to go it alone without the West, using locally built parts to produce 1,000 airliners by 2030 and end a...
Sterling slides after BoE buys bonds, dollar hits 20-year high
Sterling tumbled against the dollar on Wednesday before paring some losses after the Bank of England (BOE) said it would step in to prop up...
