North Lincolnshire has received some rare good economic news, with British Steel announcing a multi-million pound contract to supply rail for a high-speed railway in Turkey that will directly create 23 new jobs and restart round-the-clock production at its...
The dynamics of India's crude oil import market experienced a dramatic reconfiguration in 2025, with Russian petroleum losing its dominant position. Government data reveals that Russian crude imports contracted by over 17%, falling from $40 billion in April-December 2024...
In a closely watched decision, the Bank of England has kept its benchmark interest rate steady at 3.75%, though policymakers have strongly hinted that reductions are on the horizon. The decision reflects a careful balancing act between supporting economic...
Monday witnessed extraordinary swings in precious metals trading as gold and silver fought to recover from one of their steepest declines in recent memory. Gold rebounded from an 8% drop that had sent it tumbling to $4,465 per ounce,...
Merseyside is set to become the European nerve center for Chinese carmaker Chery, as the company announces plans to establish a comprehensive research and development headquarters in Liverpool. The facility will house the complete spectrum of Chery's European commercial...
Budget airline EasyJet has strongly opposed new European Union proposals that would give passengers the automatic right to free additional carry-on luggage, calling the plan a recipe for operational disaster and higher costs for travelers.
The European Parliament's recent vote...
President Trump has threatened to raise tariffs on South Korean goods to 25% from the current 15%, accusing Seoul's legislature of breaking commitments made in a trade agreement negotiated just months ago. The announcement specifically targets Korean automobiles, lumber,...
A fresh debate has emerged in Germany over whether the country should continue storing a large share of its gold reserves in the United States. Economists are increasingly questioning whether this arrangement remains safe amid shifting global alliances.
Roughly 37%...
European lawmakers have delivered a strong rebuke to President Trump's unorthodox negotiating tactics by suspending ratification of a landmark US trade agreement. The decision follows Trump's threat to impose 10% tariffs on European exports unless the EU supports his...
Precious metals markets witnessed historic moments on Monday as both gold and silver achieved record-breaking price levels in response to escalating trade tensions. Gold futures for February gained 1.7% to reach $4,676, while the spot price touched an unprecedented...