Negócios
Heating oil customers to get compensation after price hikes
The cost of hearing oil spike following the US-Israel war with Iran which forced up crude prices.
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Dicas
T rex fossil ‘Gus’ sells for $50.1m at New York auction, setting new record
Skeleton judged to be one of the largest and most complete ever unearthed was excavated on a ranch in South DakotaA vast, fossilized Tyrannosaurus rex nicknamed Gus sold at Sotheby’s in New York on Tuesday for $50.1m with fees (£37.4m) to a phone bidder – making it the most valuable dinosaur fossil sold at auction.It also sold well above a pre-sale estimate of $20m to $30m (£15m to £22.4m). Continue reading...
Negócios
US inflation rate eases to 3.5% as gasoline prices fall
While US inflation rate fell in June, concerns remain over prices rising again due to the renewed conflict in the Middle East.
Dicas
Inflation cools to 3.5% in June in relief brought by brief US-Iran deal
Recent strikes have sent oil prices climbing again, with average gas price per gallon up by 70 cents on last yearInflation cooled to an annual rate of 3.5% in June as the brief US-Iran ceasefire, which has since ended, brought energy prices down, according to new data from the Bureau of Labor Statistics.The consumer price index (CPI), which measures a basket of goods and services, has been elevated since the start of the war, largely because of higher energy prices. After mostly stayin
Dicas
Oil price jumps as US-Iran clashes raise odds of interest rate rises
Stock markets fall as analysts price in two quarter-point UK rate rises by the end of the yearBusiness live – latest updatesOil and gas prices have jumped and expectations of interest rate rises in Europe have increased after the US carried out a third night of military strikes against Iran.Brent crude, the international benchmark for oil prices, rose by as much as 4.6% to $87.08 a barrel on Tuesday, its highest level in just over a month. Continue reading...
Dicas
China’s monthly car exports top 1m for first time as overall trade soars
Country risks new tariffs from US and EU as it looks likely to match or beat last year’s record surplus of $1tnBusiness live – latest updatesChina’s monthly car exports topped 1m for the first time in June as overall overseas shipments from the world’s second biggest economy rose 27%.Official Chinese customs data showed that a stronger-than-expected trade performance kept China on track to match or beat last year’s record trade surplus of $1tn (£748bn), achieved despite Donald Trump’s
Dicas
Oil prices rise over 2% after Middle East strikes; China’s exports surge on back of AI boom – business live
Brent crude rises over $85 a barrel after US carries out third night of strikes against IranGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.Oil prices rose more than 2% after the conflict in the Middle East worsened, with the US carrying out a third consecutive night of strikes against Iran. Two tankers came under fire in the strait of Hormuz.Stasis has taken over markets as investors wait for the latest twist in the Iran confl
Tecnologia
Euforia acabou? SpaceX perde força na bolsa um mês após IPO bilionário
Depois de estreia marcada por forte valorização e euforia no mercado, ações da empresa de Elon Musk passaram a registrar quedas sucessivas
O post Euforia acabou? SpaceX perde força na bolsa um mês após IPO bilionário apareceu primeiro em Olhar Digital.
Dicas
US state attorneys general file lawsuit in effort to block Paramount merger
A bipartisan group argue in lawsuit that $110bn merger would hurt competition and lead to thousands of job lossesA bipartisan group of US state attorneys general are seeking to block the $110bn merger of Paramount Skydance and Warner Bros Discovery, arguing in a lawsuit filed on Monday that it would hurt competition and lead to higher prices for consumers.The coalition behind the lawsuit is led by the California attorney general, Rob Bonta, who has been a staunch critic of the merger s
Dicas
VW chief confirms plan to cut 50,000 jobs as board rejects plant closures
Oliver Blume tells staff restructuring proposal includes ‘controversial decisions’ but he has broad supportBusiness live – latest updatesThe chief executive of Volkswagen has confirmed plans to cut 50,000 more jobs despite the carmaker’s supervisory board rejecting his plan to shut four factories in Germany.Oliver Blume told staff on Monday that proposals for a sprawling restructuring was “the most comprehensive realignment in the company’s history” and revolved around “12 initiatives,
Dicas
Oil prices leap and stocks fall amid US-Iran strikes over Hormuz
Brent crude jumps 3.4% and European markets drop, with airlines including Ryanair among hardest hitBusiness live – latest updatesOil prices jumped and stocks fell after the US launched a fresh wave of attacks against Iran amid an escalating standoff over the strait or Hormuz.Brent crude, the international benchmark for oil prices, rose 3.4% to $78.59 a barrel on the renewed hostilities in the Middle East. It had been trading at $72.48 before the outbreak of the war in February, and hit
Dicas
First the £10 pint, now the £6.50 flat white: coffee industry faces inflationary pressures
From harvests dampened by El Niño to wage and tax rises, getting coffee beans from crop to cup costs more than everDrinkers across the UK were shocked when a pint in some London bars hit £10, and now a cup of coffee is facing a similar inflationary rate. Some baristas are now charging £6.50 for a flat white.Higher energy bills, inflated by the war in the Middle East, as well as government policies which have increased tax and wages, are filtering through into coffee prices, experts sai