Japan has launched its largest-ever drawdown of strategic oil reserves, with Prime Minister Sanae Takaichi announcing the release of approximately 80 million barrels to domestic refiners. The move comes as …
Category:
Business
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Treasury Secretary Bessent Reveals Plan to Use Sanctioned Iranian Barrels Against Market Chaos
by admin477351Treasury Secretary Scott Bessent unveiled a plan Thursday to deploy sanctioned Iranian crude oil against the market chaos created by Iran’s own Strait of Hormuz blockade. Bessent said the US …
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Bank of England Keeps Rate at 3.75% as Iran Shock Adds to Long List of UK Price Pressures
by admin477351The Iran war has added another item to what is already a long list of price pressures bearing down on UK households, as the Bank of England voted unanimously to …
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The announcement of British Steel’s deal to supply rail for Turkey’s Ankara–İzmir high-speed railway has reignited a debate about the importance — and the future — of steelmaking in the …
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Diversification Strategy Succeeds: India Maintains Energy Supply Despite Russian Decline
by admin477351India’s crude oil diversification strategy demonstrated its effectiveness in 2025, maintaining overall energy supply levels despite significant declines in Russian imports. While US crude imports to India increased by 65.6% …
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Bank of England Keeps Rates at 3.75% as Consumer Inflation Expectations Remain Elevated
by admin477351The Bank of England has held interest rates unchanged at 3.75%, with some policymakers expressing concern that consumer inflation expectations remain elevated despite falling actual inflation. This disconnect is influencing …
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Silver and Gold Bounce Back From Historic Losses After Central Banking Nomination Announcement
by admin477351Precious metals markets brought relief Monday as gold and silver recovered from one of their steepest declines in recent memory. Gold climbed from an 8% crash to $4,465 per ounce, …
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Liverpool will become the European headquarters for Chinese carmaker Chery’s research and development operations, with the state-owned manufacturer establishing a comprehensive facility on Merseyside. The headquarters will integrate European commercial …
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British budget airline EasyJet has warned that European Union baggage regulations could trigger the collapse of revenue models that have enabled the low-cost carrier revolution. Legislative proposals to mandate free …
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President Trump has pressured South Korea with a demand for action, threatening 25% tariffs on major exports over a stalemate regarding a trade agreement from 2024. The announcement targets automobiles, …