Riyadh halted its main oil export route bypassing the Strait of Hormuz after strikes on pump stations, as Houthi forces advance on another vital chokepoint and Brent crude climbs past $100 a barrel.
The Financial Times says Yemen's Houthi movement has taken Red Sea islands from Saudi-backed forces in a rapid offensive. The specific claim could not be independently corroborated at the time of writing.
Britain's largest carmaker will shed roughly a tenth of its workforce, mostly in management and research roles, as it tries to recover from a cyberattack, US tariffs and falling sales.
Chris Rokos, founder of Rokos Capital Management and Britain's third-highest taxpayer last year, is preparing to move his tax residency to Greece and open an office in Athens, Bloomberg reports.
Yemen's Houthi rebels struck energy facilities across southern Saudi Arabia on 8 September, injuring more than 70 people and driving oil and gas prices sharply higher.
US President Donald Trump says a new joint venture gives Washington majority control of tens of billions of barrels of Venezuelan crude. The deal follows the capture of former president Nicolás Maduro and comes with a 100-year concession attached.
Kevin Warsh delivers his debut keynote as Federal Reserve chair on Friday, with investors seeking clarity on inflation and interest rates after months of sparse communication.
Nvidia issued its first-ever year-ahead forecast, predicting revenue growth far outpacing analyst expectations, while defending its financing arrangements with AI customers against accusations of circular dealing.
Meta Platforms has settled with a coalition of 29 US states midway through a federal trial in California, agreeing to pay billions and change how Instagram and Facebook treat young users.
Beijing says it will defend Chinese companies after Washington sanctioned nearly 60 entities tied to Iran's oil trade, including firms in Hong Kong and mainland China.
Billionaire investor Stanley Druckenmiller has publicly attacked his former protégé, US Treasury Secretary Scott Bessent, over a plan to buy back more long-term government bonds, calling it an attempt to manage prices rather than markets.
Both Iberian countries are building far fewer homes than their growing populations need, driving up prices and rents and fuelling street protests. Immigration-led population growth, planning bureaucracy and high construction costs are all cited as causes.
An investigation by the Guardian has found Microsoft has far fewer advanced AI chips installed than its public statements imply. The company disputes the newspaper's figures but has not said which numbers are wrong.
A new Financial Times poll finds most American voters feel worse off financially under Donald Trump, with Democrats now leading Republicans on the economy just months before November's midterm elections.
Ten years after abandoning its once-iconic handsets, the Canadian company has turned itself into a supplier of car software and cybersecurity tools, with customers including automakers, NATO and European governments.
The US Treasury sold $25bn of 30-year bonds at a yield of 5.216%, the most expensive long-term borrowing since 2001, as investors demand greater compensation for persistent inflation and a widening deficit.
The US State Department has concluded a settlement with the British defence company's US subsidiary over breaches of arms export rules. Half the penalty will be suspended if BAE strengthens its compliance programme.
Greenland's government has told Greenland Energy, a Texas company with ties to Donald Trump, that it cannot obtain drilling permits in time for its planned start date. The decision pushes back a project the US president's envoy had said could produce oil within a year.
Brent crude climbed close to $90 a barrel on Tuesday after negotiations between Washington and Tehran over reopening the Strait of Hormuz broke down. The travel group Tui reported a 43% drop in quarterly pre-tax profit, citing higher fuel costs tied to the conflict.
Repeated heatwaves between May and July are estimated to have cut UK economic output by £4.4bn, according to green think tank Verdant, which warns annual losses could exceed £25bn by 2030.
Chinese electric car brands captured 14.2% of western Europe's battery electric vehicle market in early 2026, intensifying pressure for tighter tariffs and quotas.
Oil and gold prices jumped after US President Donald Trump said Iran must compensate Washington for war damages, a new condition that further complicates efforts to reopen the Strait of Hormuz. British housebuilder Bellway also warned that profit will land at the bottom of its forecast range.
The US economy unexpectedly shed jobs in July and prior months were revised sharply lower. Economist Jed Kolko says the unemployment rate and broader trends tell a more reassuring story.
Users of Meta's camera-equipped Ray-Ban glasses report public hostility and online abuse, as European regulators separately scrutinise whether the devices comply with privacy law.
Europe's worst wildfire season in modern times has prompted the European Central Bank to declare climate and nature breakdown a direct threat to price stability, loan quality, and the global economy. The bank is now acting on that assessment, not just studying it.
Iran's Islamic Revolutionary Guard Corps launched ballistic missiles at American forces on Wednesday, shattering a brief pause in hostilities and driving crude oil prices sharply higher.
The International Monetary Fund projects world economic growth at 3.0 percent in 2025 and 3.1 percent in 2026, a modest recovery from April's gloomier forecast but still well below pre-pandemic norms. Tariffs, fragmentation, and threats to central bank independence remain the Fund's chief concerns.
The Dutch semiconductor equipment maker has doubled in value within a year, fuelled by surging AI-driven demand for its irreplaceable chip-printing machines. Analysts say a $1 trillion valuation is now a realistic, if not certain, prospect.
Germany's Manager Magazin reports CEO Oliver Blume is preparing the most radical restructuring in Volkswagen's 89-year history, targeting up to 15% of the global workforce. The plans, which Volkswagen has neither confirmed nor denied, would double a previous round of cuts agreed only months ago.