ECB rate hike looms as energy shock pushes inflation to 3.3%
The European Central Bank is preparing to tighten monetary policy once again, with market pricing pointing to a…
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Business
Venezuela hands the US control over a fifth of its oil in landmark deal
The Venezuelan legislature gave its stamp of approval on Tuesday to a multibillion-dollar pact that places roughly one-fifth…
Chevron set to expand in Venezuela as US energy secretary lands in Caracas
The White House is treating Venezuelan oil not as a distant geopolitical curiosity but as a domestic fuel-price…
British energy giant BP names Ian Tyler as chair after boardroom turmoil
After nearly four months of interim leadership and a deeply unsettling episode at the very top of its…
Spain sheds almost 163,000 jobs in August as unemployment climbs
Every summer, the Mediterranean economies of southern Europe experience a predictable contraction in payroll registrations as tourism winds…
European gas prices spike above €70 amid renewed Middle East fighting
The Dutch TTF benchmark contract for October 2026 gas delivery touched an intraday peak of €70.85 per megawatt-hour…
QatarEnergy extends LNG cancellations into November as Hormuz disruption drags on
The Strait of Hormuz blockade has pushed QatarEnergy's force majeure declarations deep into autumn, with the state-owned gas…
German inflation rises to 2.9% in August, coming in below expectations
The eurozone's central bank faces a widening chasm between its member economies, and the latest German data did…
New AI models pose growing threat to the global economy, Bailey warns
The intersection of Middle East conflict, sweeping trade disruption, and a new generation of self-directed artificial intelligence systems…
Europe’s gas prices have doubled, with the worst yet to come
Dutch TTF futures — the continent's principal gas benchmark — surged approximately 120% from the opening of 2026,…