Japan is mobilizing its strategic petroleum reserves on an unprecedented scale, with Prime Minister Sanae Takaichi confirming a release of 80 million barrels — the biggest-ever in the nation’s history …
Treasury Secretary Says US Could Free Iranian Oil Worth Billions to Ease Market Pressure
Treasury Secretary Scott Bessent made headlines Thursday when he confirmed the US is weighing a plan to lift sanctions on Iranian oil currently stranded on tankers in international waters. The …
Mark Zuckerberg’s Metaverse Dream Turns Into a $80 Billion Nightmare for Meta
History will record it as one of the most expensive failed experiments in the technology industry. Meta has announced the retirement of Horizon Worlds from VR platforms — cleared from …
Revolut hits 68 million customers and £4.5bn in revenue, but warns over energy-heavy crypto and ai ties
Revolut’s financial results for 2025 paint a picture of extraordinary growth, with revenues climbing 46% to £4.5 billion and pre-tax profits jumping 57% to £1.7 billion, yet the company has …
FTSE 100 swings wildly as Trump’s Iran announcement reshapes market expectations
London’s FTSE 100 index experienced one of its most volatile sessions in months Monday as President Donald Trump’s unexpected announcement of continued diplomatic engagement with Iran whipsawed global markets. The …
The international energy market is facing a new period of uncertainty as Brent crude prices surged nearly 4% on Thursday. The jump comes amid a direct military threat from Iran …
Bank of England Cautions Markets Against Rate Hike Bets Despite Iran Shock
Governor Andrew Bailey delivered a notable pushback against market speculation on Thursday, even as the Bank of England kept its interest rate at 3.75% and acknowledged that inflation risks had …
Five-Year Housing Cost Hike Reaches 41% for British Households
A major study has found that the cost of keeping a roof over one’s head in Britain has risen by 41% in just five years. Total expenditure on rent and …
In a move that has drawn both praise and criticism, Meta has announced that Instagram’s end-to-end encrypted direct messages will be phased out starting May 8, 2026. The change was …
The mechanism behind the recent spike in UK mortgage rates is becoming clear as “swap rates”—the financial instruments lenders use to price fixed deals—react to the war in Iran. The …