BusinessUS President Donald Trump says a new joint venture gives Washington majority control of tens of billions of barrels of Venezuelan crude. The deal follows the capture of former president Nicolás Maduro and comes with a 100-year concession attached.
BusinessKevin Warsh delivers his debut keynote as Federal Reserve chair on Friday, with investors seeking clarity on inflation and interest rates after months of sparse communication.
BusinessNvidia issued its first-ever year-ahead forecast, predicting revenue growth far outpacing analyst expectations, while defending its financing arrangements with AI customers against accusations of circular dealing.
BusinessMeta Platforms has settled with a coalition of 29 US states midway through a federal trial in California, agreeing to pay billions and change how Instagram and Facebook treat young users.
BusinessBeijing says it will defend Chinese companies after Washington sanctioned nearly 60 entities tied to Iran's oil trade, including firms in Hong Kong and mainland China.
BusinessBillionaire investor Stanley Druckenmiller has publicly attacked his former protégé, US Treasury Secretary Scott Bessent, over a plan to buy back more long-term government bonds, calling it an attempt to manage prices rather than markets.
BusinessThe fast-fashion retailer will list on the Hong Kong Stock Exchange on 1 September, at a valuation far below the $100bn it once commanded, after repeated failed attempts to go public in New York and London.
BusinessEconomists expected Donald Trump's 2025 tariffs to shrink world trade. Instead, the World Trade Organization has repeatedly revised its growth forecast upward, as businesses rerouted shipments rather than abandoned them.
BusinessBoth Iberian countries are building far fewer homes than their growing populations need, driving up prices and rents and fuelling street protests. Immigration-led population growth, planning bureaucracy and high construction costs are all cited as causes.
BusinessChina's record crude reserves and falling oil demand helped steady prices after the Strait of Hormuz was closed, according to US government estimates. Analysts say the episode revealed a deeper shift toward energy self-sufficiency and electrification.
BusinessAn investigation by the Guardian has found Microsoft has far fewer advanced AI chips installed than its public statements imply. The company disputes the newspaper's figures but has not said which numbers are wrong.
BusinessA new Financial Times poll finds most American voters feel worse off financially under Donald Trump, with Democrats now leading Republicans on the economy just months before November's midterm elections.
BusinessTen years after abandoning its once-iconic handsets, the Canadian company has turned itself into a supplier of car software and cybersecurity tools, with customers including automakers, NATO and European governments.
BusinessShipping companies are paying more than $1 million, and in some cases up to $4 million, to jump the queue at the Panama Canal. The surge follows the closure of the Strait of Hormuz and a new El Niño-driven drought.
BusinessThe US Treasury sold $25bn of 30-year bonds at a yield of 5.216%, the most expensive long-term borrowing since 2001, as investors demand greater compensation for persistent inflation and a widening deficit.
BusinessThe US State Department has concluded a settlement with the British defence company's US subsidiary over breaches of arms export rules. Half the penalty will be suspended if BAE strengthens its compliance programme.
BusinessGreenland's government has told Greenland Energy, a Texas company with ties to Donald Trump, that it cannot obtain drilling permits in time for its planned start date. The decision pushes back a project the US president's envoy had said could produce oil within a year.
BusinessBrent crude climbed close to $90 a barrel on Tuesday after negotiations between Washington and Tehran over reopening the Strait of Hormuz broke down. The travel group Tui reported a 43% drop in quarterly pre-tax profit, citing higher fuel costs tied to the conflict.
BusinessRepeated heatwaves between May and July are estimated to have cut UK economic output by £4.4bn, according to green think tank Verdant, which warns annual losses could exceed £25bn by 2030.
BusinessChinese electric car brands captured 14.2% of western Europe's battery electric vehicle market in early 2026, intensifying pressure for tighter tariffs and quotas.
BusinessOil and gold prices jumped after US President Donald Trump said Iran must compensate Washington for war damages, a new condition that further complicates efforts to reopen the Strait of Hormuz. British housebuilder Bellway also warned that profit will land at the bottom of its forecast range.
BusinessWorld merchandise trade grew faster than expected in 2025 even as the United States imposed its steepest tariffs in a century. Economists point to rerouted supply chains, a surge in AI-related exports, and new deals bypassing Washington altogether.
BusinessThe US economy unexpectedly shed jobs in July and prior months were revised sharply lower. Economist Jed Kolko says the unemployment rate and broader trends tell a more reassuring story.
BusinessUsers of Meta's camera-equipped Ray-Ban glasses report public hostility and online abuse, as European regulators separately scrutinise whether the devices comply with privacy law.
BusinessAirbus handed over 67 aircraft in July, matching its pace from a year ago, while formally booking a wave of Chinese airline orders that pushed its 2026 order tally past 1,000 for the first time.
BusinessEurope's worst wildfire season in modern times has prompted the European Central Bank to declare climate and nature breakdown a direct threat to price stability, loan quality, and the global economy. The bank is now acting on that assessment, not just studying it.
BusinessIran's Islamic Revolutionary Guard Corps launched ballistic missiles at American forces on Wednesday, shattering a brief pause in hostilities and driving crude oil prices sharply higher.
BusinessThe International Monetary Fund projects world economic growth at 3.0 percent in 2025 and 3.1 percent in 2026, a modest recovery from April's gloomier forecast but still well below pre-pandemic norms. Tariffs, fragmentation, and threats to central bank independence remain the Fund's chief concerns.
BusinessThe Dutch semiconductor equipment maker has doubled in value within a year, fuelled by surging AI-driven demand for its irreplaceable chip-printing machines. Analysts say a $1 trillion valuation is now a realistic, if not certain, prospect.
BusinessA new study by Germany's leading economic research institute finds transatlantic goods trade reached an all-time high last year, even as tariffs battered European manufacturers and distorted the picture with a pre-tariff export rush.