Business

Global petroleum prices broke the $100 (£74, AU$142) per barrel barrier for the first time since 2022 as rising military hostilities in the Middle East keep removing about 20 million barrels from supply daily. Brent crude, the worldwide reference grade, leapt 16.6 % to $108.10 a barrel as

A U.S. trade‑court judge on Wednesday directed the government to start issuing refunds—potentially amounting to billions of dollars—to importers who had paid duties that the Supreme Court ruled last month were collected unlawfully. Richard Eaton, a judge of the United States Court of International Trade in

Nissan has warned that it may have to shut its Sunderland plant if the United Kingdom is not fully covered by the EU’s new “Made in Europe” manufacturing framework. The UK automotive trade body also expressed “grave concern” that the proposals could harm the roughly £70 billion a year

Asian equity markets have recovered after several days of steep declines linked to the Middle‑East conflict, while oil and gas prices have kept rising as supply chains stay strained. South Korea’s KOSPI, which suffered a record 12 % drop on Tuesday, jumped nearly 10 % on Thursday, and Japan’s

John Wood Group has received a penalty of almost £13 million for repeatedly issuing erroneous financial statements. The FTSE‑listed oil and engineering firm, slated for acquisition by a Dubai‑based competitor, has earlier acknowledged that “cultural failings” caused data to be withheld from auditors. On Wednesday, the Financial Conduct

Europe’s biggest trade union is seeking to take over the works council at Elon Musk’s Tesla gigafactory near Berlin, in a labour‑relations clash marked by lawsuits and mutual accusations of defamation. The works council – an elected body of staff that negotiates matters such as working hours and