ExxonMobil shuts Singapore cracker, signals deep distress in global petrochemicals sector
ExxonMobil is set to discontinue operations at the older of its two steam crackers on Singapore’s Jurong Island starting in…
Global growth slows but AI boom helps steady outlook, say Fitch and OECD
The global economy is heading into a period of its weakest expansion since the pandemic, but both Fitch Ratings and…
Russian President Vladimir Putin in India: what’s on his official schedule
Russian President Vladimir Putin’s visit to New Delhi on Thursday brings a detailed and tightly planned itinerary that places trade,…
Christopher Harborne makes record donation to Reform UK ahead of 2026 local elections
Nigel Farage’s Reform UK has received its largest-ever donation, with businessman Christopher Harborne handing the party £9 million in August,…
How the EU is taking on Big Tech: Meta, Apple, Google, face heightened scrutiny, penalties
In a year marked by escalating regulatory pressure, the European Union intensified its crackdown on Big Tech, launching a sweeping…
US jobless claims fall to the lowest level since September 2022 as layoffs stay muted
Initial claims for US unemployment benefits fell sharply last week, dropping to their lowest level in more than two years…
Commodity wrap: oil and gold flat, while silver plunges ahead of Fed decision
Oil prices were steady on Thursday as Ukrainian attacks on Russian oil assets raised concerns over lower supply among investors.…
Brazil GDP loses momentum in Q3 as high rates weigh on services and consumers
Brazil’s economy expanded less than expected in the third quarter, strengthening the perception that prolonged painful monetary policy is helping to…
How the new Federal Reserve chairman will affect the economy, crypto, and Trump
The fight over the next chair of the Federal Reserve has drifted out of the financial pages and into everyday…
Ofgem approves $37B grid investment, adding £108 to average UK bills by 2031
The British energy regulator has given its approval to a substantial £28 billion (approximately $37.33 billion) investment plan spanning the…