Business

Holidaymakers who had intended to travel to the eastern Mediterranean this summer are shifting their plans toward western Europe and the Caribbean, travel firms say, as the US‑Israel conflict with Iran disrupts the region. Visitors from the United Kingdom and continental Europe are increasingly replacing trips to Cyprus, Turkey

The International Energy Agency is set to request the biggest drawdown of state oil reserves ever recorded, aiming to soothe the price surge sparked by the US‑Israeli strikes on Iran. The global energy monitor is anticipated to urge its 32 members to free roughly 400 million barrels of emergency

Concerns about the world economy have intensified as oil prices have surged past $100 a barrel following the US‑Israel clash with Iran. Economists warn that a growing chance of an extended war in the key energy‑exporting zone could severely affect living standards globally, reviving fears of a fresh

Data indicate that the UK labour market is struggling under weak recruitment demand, with only modest indications of improvement. Two reports issued on Monday note that firms stay wary of taking on new employees because of cost pressures and economic uncertainty, underscoring the market’s continued fragility. The monthly employment

Britain now holds just two days’ worth of fossil gas after reserves fell, while an increasing number of LNG carriers are being rerouted from Europe to Asia amid the conflict with Iran. On Saturday, Britain’s gas stores contained 6,999 gigawatt‑hours (GWh), National Gas – the operator of the

Donald Trump’s strike on Iran and the lethal war it has sparked is stark and without precedent – yet its economic fallout follows a familiar pattern: another surge in prices is imminent. From the pandemic‑induced shutdown and later reopening to Russian forces advancing into Ukraine, the world economy has