Middle East war to drive 24% surge in energy costs – World Bank image thumb business The world is facing the biggest global energy supply shock on record, which will drive inflation and dampen economic growth globally
Ukraine told to hike taxes to unlock Western aid – media image thumb business Both the EU and the IMF are reportedly making further funding conditional on specific fiscal reforms by Kiev
SpaceX links Musk mega-pay to colonizing Mars – Reuters image thumb business The ambitious plan could reportedly raise investor concerns over the billionaire’s competing roles across his businesses
OPEC loses key member: Will the oil bloc survive? image thumb business The UAE says its decision is driven by “national interests” as Middle East tensions disrupt energy markets
US big tech giants to axe up to 16,000 employees – FT image thumb business Plans by Meta and Microsoft to cut up to 10% of staff reportedly come amid rising costs from heavy AI investments
Number of billionaires set to soar on AI gains – report image thumb business High Grift A 25% jump in the ultra-wealthy ranks by 2031 is being “supercharged” by profits from artificial intelligence, consultancy Knight Frank has said
EU energy bill spikes amid Iran war supply shock – commissioner image thumb business Daily fossil fuel import costs have exceeded $587 million since the Middle East escalation, the bloc’s energy chief Dan Jorgensen has said