Oil prices tumbled by nearly 5% on Tuesday after Israel agreed to a ceasefire with Iran after nearly two weeks of conflict. Brent crude, the international benchmark for oil prices, fell to $68 a barrel, which is below the level it was at when Israel launched missiles against Iran’s nuclear sites on 13 June. Prices...
Emma Haslett Business reporter Charlotte Edwards BBC business reporter Tom Espiner BBC business reporter Sharon Carroll Poundland used to be a big attraction when everything was £1, according to Sharon Carroll Sharon Carroll once shopped so much at her local Poundland that her friends described her as “Mrs Poundland”. “I’d just buy so many things,”...
Global oil prices have jumped after Israel said it had struck Iran, in a dramatic escalation of tensions in the Middle East. The price of the benchmark Brent crude was up by more than 10% shortly after the news emerged, reaching its highest level since January. Traders are concerned that a conflict between Iran and...
Did you know that renewable energy is the cheapest form of energy there is? The sun, after all, is FREE for all to use! Wind? It blows without our needing to do a thing at all! You have to admit, “renewable energy” blows, although not quite how they meant. We’ve been lied to for decades...
Nike is set to raise prices on some trainers and clothing from 1 June, weeks after rival Adidas warned it would have to hike the cost of products due to US tariffs. The BBC understands Nike’s decision was taken due to a number of internal and external factors and the sportswear giant said it regularly...
The brief videos posted by a group called Seniors 4 Better Care to YouTube look just like the political ads that take over the airwaves during campaign season. The voiceover in one breezy video claims without context that former President Joe Biden “broke” Medicare, the popular government insurance program for seniors, and that only President...
Well, yes and no. Maybe. It depends on how you look at it. And it depends on what the results will be. It’s hard to say. It’s complicated. How is that for a non-answer? Pretty good, eh? There’s a reason for my not giving a definitive answer, because the way drug pricing worldwide works really...
California is set to lose two major oil refineries, bringing the total decline in refining capacity to 21% in three years. This is hardly a surprise. Gavin Newsom and the Democrats in California have been waging a war on oil, and environmental regulations make it nearly impossible to continue doing business in the state while...
Peter Hoskins Business reporter Getty Images A duty-free loophole for low-value packages is about to be closed by President Donald Trump, pushing up prices for US customers of firms like Shein and Temu. The Chinese online retail giants relied on the so-called “de minimis” exemption to sell and ship low-value items directly to the US...
Microsoft has significantly raised prices for its Xbox console, citing increasing development costs and what it called “market conditions”. The increases vary from country to country, with Xbox Series S consoles going up by £50 to £299.99 in the UK. The US has seen even steeper price rises, with the Series X increasing in price...
House prices fell in April as buyers faced paying thousands of pounds more in stamp duty, according to new figures from Nationwide. Prices were down 0.6% month-on-month, the building society said. The slowdown in the market was expected due to changes to stamp duty thresholds kicking in on 1 April. Annual house price growth also...
Domestic energy prices are forecast to fall in July, reversing three consecutive increases in regulator Ofgem’s price cap. The annual bill of a household using a typical amount of gas and electricity will fall by £166 a year, analysts at the consultancy Cornwall Insight have predicted. It comes after a series of household bills became...
Dundee United will strongly argue their case after Celtic contacted the SPFL regarding an alleged pricing discrepancy for their visit to Tannadice next weekend. (The Courier – subscription), external Aberdeen chairman Dave Cormack says the club are spending “quite a few million” on extending training ground facilities, which will include an indoor pitch. (The Herald...
“The club would like to thank City Matters representatives for the feedback they provide on a range of topics relating to ticketing, and for sharing a broad range of perspectives from the fans they represent,” said City. The announcement follows further fan criticism for agreeing a global partnership with third-party ticket resale site Viagogo –...
An analysis of Trump’s tariffs shows they will cost the typical US family around $3,800 in extra spending per year. In a Truth Social post on Monday, President Donald Trump falsely insinuated that his administration’s across-the-board tariffs on dozens of countries wouldn’t affect consumer costs in the U.S., and that prices of commonly purchased goods...