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Global business/economy coverage with commodities price and macro stories

Hotel Owners Expected a World Cup Boom - so Far It Hasn't Happened
NewsMay 15, 2026

Hotel Owners Expected a World Cup Boom - so Far It Hasn't Happened

Hotel owners expected a World Cup‑driven boom, but occupancy is lagging across U.S. host cities. The American Hotel and Lodging Association reports eight in ten hotels see lower bookings, with Houston’s Wanderstay at 45 % capacity versus 70 % last year. High...

By BBC Business
Air India Crisis Deepens Ahead of Final Ahmedabad Crash Report
NewsMay 12, 2026

Air India Crisis Deepens Ahead of Final Ahmedabad Crash Report

India’s Aircraft Accident Investigation Bureau will issue the final report on the AI‑171 crash that killed 260 passengers within the next month. Meanwhile, Air India is grappling with a leadership void after CEO Campbell Wilson’s mid‑term resignation and reported FY 2025‑26 losses...

By BBC Business
US Inflation Jumps to 3.8% as Energy Costs Surge From Iran War
NewsMay 12, 2026

US Inflation Jumps to 3.8% as Energy Costs Surge From Iran War

U.S. consumer prices jumped to a 3.8% year‑over‑year increase in April, the fastest pace since May 2023, driven largely by soaring energy costs tied to the Iran‑Israel conflict. Gasoline prices peaked at $4.50 per gallon—the highest level since July 2022—while...

By BBC Business
TikTok Launches £3.99 Subscription for No Ads in UK
NewsMay 11, 2026

TikTok Launches £3.99 Subscription for No Ads in UK

TikTok is rolling out a paid, ad‑free tier in the United Kingdom, charging roughly $5 per month. Starting Monday, users aged 18 and older will be prompted to decide by 11 November whether to pay for an ad‑free experience or continue...

By BBC Business
British Steel Nationalisation Plans Announced by Starmer
NewsMay 11, 2026

British Steel Nationalisation Plans Announced by Starmer

The UK government announced plans to fully nationalise British Steel, taking over the loss‑making Scunthorpe plant. The plant is losing about £700,000 ($900,000) a day and the state is already spending roughly £1 million ($1.3 million) daily to keep it afloat. The...

By BBC Business
My Sister Was Spending £1,000 a Month on Drink From Delivery Apps
NewsMay 10, 2026

My Sister Was Spending £1,000 a Month on Drink From Delivery Apps

Alex Hughes launched a petition to ban or heavily restrict alcohol sales on food‑delivery apps after her sister Zoe died while heavily intoxicated. Zoe was spending roughly $1,270‑$1,905 a month on wine, gin and vodka through Deliveroo, Just Eat and...

By BBC Business
No Summer Border Delays for Brits, Greek Tourism Minister Says
NewsMay 10, 2026

No Summer Border Delays for Brits, Greek Tourism Minister Says

Greek tourism minister Olga Kefalogianni announced that the UK will face no biometric checks or border delays during the summer, despite the EU's new Entry‑Exit System (EES). Greece aims to keep processing times under two minutes and says the temporary...

By BBC Business
This Couple Lost £1,000 After Their Flight Was Cancelled - Here Is What to Check so You Don't
NewsMay 10, 2026

This Couple Lost £1,000 After Their Flight Was Cancelled - Here Is What to Check so You Don't

A North Yorkshire couple spent an extra two weeks in Sri Lanka after their return flight via Doha was cancelled when the Iran conflict erupted, leaving them out of pocket for about £1,000 (≈$1,250). Their annual travel‑insurance policy excluded war, so...

By BBC Business
Oil Prices Rise After US and Iran Exchange Fire in Hormuz Strait
NewsMay 8, 2026

Oil Prices Rise After US and Iran Exchange Fire in Hormuz Strait

Oil prices rose on Friday in Asian markets after the United States and Iran exchanged fire in the strategic Strait of Hormuz. The U.S. military reported intercepting what it called unprovoked Iranian missiles, drones and small‑boat attacks and responded with...

By BBC Business
Instagram Privacy Tech Is Turned Off Today- What Does This Mean for Your DMs?
NewsMay 8, 2026

Instagram Privacy Tech Is Turned Off Today- What Does This Mean for Your DMs?

Meta has globally disabled the end‑to‑end encryption (E2EE) feature for Instagram direct messages, reverting to standard encryption. The company said the change was driven by low user adoption of the optional privacy option. The move has been welcomed by child‑protection...

By BBC Business
Portugal and Italy Will Not Suspend Digital Border Checks for Brits
NewsMay 7, 2026

Portugal and Italy Will Not Suspend Digital Border Checks for Brits

Portugal and Italy have confirmed they will not exempt British nationals from the EU’s new Entry‑Exit System (EES) biometric checks, despite reports of a possible suspension. The EES, which requires fingerprint and facial scans for short‑term visitors, has already caused...

By BBC Business
Shell Latest Oil Giant to See Profits Surge Due to Iran War Impact
NewsMay 7, 2026

Shell Latest Oil Giant to See Profits Surge Due to Iran War Impact

Shell reported first‑quarter profit of $6.92 bn (≈$6.48 bn UK‑converted), up from $5.58 bn a year earlier, driven by soaring oil prices after the Iran‑related Strait of Hormuz shutdown. The surge in Brent crude to above $120 a barrel widened trading spreads and...

By BBC Business
Oil Prices Drop and Stock Markets Rise After Reports of Deal to End Iran War
NewsMay 6, 2026

Oil Prices Drop and Stock Markets Rise After Reports of Deal to End Iran War

Oil markets fell and global equities rose after reports that the United States and Iran are close to a one‑page memorandum ending the war. Brent crude dropped to $97 (≈£73) per barrel before rebounding above $101, down from a peak...

By BBC Business
Campaigners Call for Ban on Use of Weedkiller Glyphosate at Harvest Time
NewsMay 6, 2026

Campaigners Call for Ban on Use of Weedkiller Glyphosate at Harvest Time

Campaigners, led by the Soil Association, are urging the UK government to ban the use of glyphosate as a pre‑harvest drying agent after the current licence expires in December 2026. The Health and Safety Executive will launch a two‑month public...

By BBC Business
Next to Hike Prices by up to 8% Outside Europe Due to Iran War Costs
NewsMay 6, 2026

Next to Hike Prices by up to 8% Outside Europe Due to Iran War Costs

Next plc will raise prices by up to 8% in non‑European markets as the US‑Israel‑Iran conflict adds roughly $60 million in extra costs this year. The retailer faces higher fuel prices and supply‑chain disruptions after the Strait of Hormuz was effectively...

By BBC Business
UK Long-Term Borrowing Costs Reach 28-Year High
NewsMay 5, 2026

UK Long-Term Borrowing Costs Reach 28-Year High

Long‑term UK government bond yields surged to levels not seen since the late 1990s, with the 30‑year gilt reaching about 5.78% and the 10‑year hitting roughly 5.1%. The spike follows the Iran‑Israel conflict, which has shut the Strait of Hormuz,...

By BBC Business
British Pubs Closing at a Rate of Almost Two per Day in 2026
NewsMay 5, 2026

British Pubs Closing at a Rate of Almost Two per Day in 2026

British pubs are closing at an alarming pace, with roughly two venues shutting each day in the first quarter of 2026 – 161 closures across England, Scotland and Wales. The wave has erased about 2,400 jobs, following 336 closures recorded...

By BBC Business
Robots Move in as Waste Firms Struggle to Find Staff
NewsMay 4, 2026

Robots Move in as Waste Firms Struggle to Find Staff

Sharp Group’s Rainham recycling plant processes about 280,000 tonnes of mixed waste each year but battles a 40% annual staff turnover due to dusty, noisy conditions and a 45% higher injury rate than other sectors. To mitigate the labor shortage, the...

By BBC Business
The Threat to Summer Holidays Looming From Jet Fuel Shortages
NewsMay 3, 2026

The Threat to Summer Holidays Looming From Jet Fuel Shortages

Jet fuel prices have more than doubled since February, climbing to over $1,500 per tonne after the Strait of Hormuz blockage disrupted Gulf exports. European airlines, especially in the UK where 65% of fuel is imported and only four refineries...

By BBC Business
Airlines Can Cancel Flights in Advance over Fuel Shortages Under New Plans
NewsMay 3, 2026

Airlines Can Cancel Flights in Advance over Fuel Shortages Under New Plans

The UK government has unveiled a contingency framework that permits airlines to cancel or merge flights weeks in advance if jet‑fuel shortages arise, while preserving their take‑off and landing slots at congested airports. The scheme allows carriers to temporarily hand...

By BBC Business
Trump Says He Will Hike Tariffs on EU Cars to 25%
NewsMay 1, 2026

Trump Says He Will Hike Tariffs on EU Cars to 25%

President Donald Trump announced a hike in tariffs on cars and trucks imported from the European Union, raising the rate to 25% effective next week. The move reverses the 15% ceiling established in the 2023 US‑EU trade agreement negotiated at...

By BBC Business
The Real Greek Rescued by Cote Brasserie-Owner
NewsMay 1, 2026

The Real Greek Rescued by Cote Brasserie-Owner

The Real Greek restaurant chain was saved from collapse when Karali Group, the owner of Cote Brasserie, agreed to purchase 19 of its 28 outlets. The deal preserves 358 of the chain's 509 jobs and shifts the business away from...

By BBC Business
No Evidence of Widespread Fuel Price-Gouging, Watchdog Says
NewsMay 1, 2026

No Evidence of Widespread Fuel Price-Gouging, Watchdog Says

The UK Competition and Markets Authority (CMA) reports no evidence of widespread fuel price‑gouging after the US‑Israel war with Iran sparked a surge in wholesale oil costs. Retail margins between February and March stayed close to the 10.7 pence per litre...

By BBC Business
Apple Says iPhone 17 'Most Popular Ever' As Sales Soar
NewsMay 1, 2026

Apple Says iPhone 17 'Most Popular Ever' As Sales Soar

Apple reported first‑quarter revenue of $111 bn, a 17% year‑over‑year rise, driven by a record‑breaking iPhone 17 launch. Sales in China surged 28%, making the new model the most popular Apple launch ever. The low‑priced MacBook Neo generated "off the charts" demand,...

By BBC Business
Will AI Lead to More Accurate Opinion Polls?
NewsApr 30, 2026

Will AI Lead to More Accurate Opinion Polls?

French startup Naratis is pioneering AI‑driven qualitative polling, replacing weeks‑long, costly human interviews with conversational agents that claim to be ten times faster, ten times cheaper, and 90 % as accurate as traditional methods. The approach focuses on depth rather than...

By BBC Business
'There Were Letters I Didn't Want to Open': Rise in Unpaid Debt Court Cases
NewsApr 30, 2026

'There Were Letters I Didn't Want to Open': Rise in Unpaid Debt Court Cases

In Q1 2024 the UK recorded a 17.5% rise in County Court Judgments, with 270,537 new CCJs as energy debt hit a record £4.5 bn (about $5.6 bn). Households like Mark Sumner’s saw bills jump from £80 to £220 a month, leading...

By BBC Business
What the Renters' Rights Act Means for Tenants and Landlords
NewsApr 30, 2026

What the Renters' Rights Act Means for Tenants and Landlords

England’s new Renters’ Rights Act, effective 1 May 2026, overhauls private‑rental rules for the nation’s 11 million tenants. It bans 12‑ and 24‑month fixed‑term contracts, turning all tenancies into periodic agreements that continue until either party gives notice. Landlords must now have a...

By BBC Business
Mortgages, Bills and Jobs: Five Takeaways From the Bank of England
NewsApr 30, 2026

Mortgages, Bills and Jobs: Five Takeaways From the Bank of England

The Bank of England warned that the Middle‑East conflict could push interest rates higher, with a worst‑case scenario taking the base rate to 5.5% if oil stays above $120 a barrel. Energy bills are expected to rise to about $2,400...

By BBC Business
Oil Price Hits Highest Since 2022 After Report Trump to Be Briefed on New Iran Options
NewsApr 30, 2026

Oil Price Hits Highest Since 2022 After Report Trump to Be Briefed on New Iran Options

Oil prices surged to their highest level since 2022 after reports that U.S. Central Command prepared a briefing for President Trump on new strike options against Iran. Brent crude briefly topped $126 a barrel (about $119 USD) and WTI rose...

By BBC Business
Saudi Arabia to Stop Funding LIV Golf Next Season
NewsApr 30, 2026

Saudi Arabia to Stop Funding LIV Golf Next Season

Saudi Arabia’s Public Investment Fund (PIF) will stop financing LIV Golf for the 2025‑26 season, prompting the tour to seek new investors and likely reduce its 14‑event schedule. Despite a projected $100 million revenue boost in 2026, LIV’s net losses outside...

By BBC Business
Interest Rates Expected to Be Held as Uncertainty over Iran War Continues
NewsApr 29, 2026

Interest Rates Expected to Be Held as Uncertainty over Iran War Continues

The Bank of England is expected to keep its benchmark rate at 3.75% as the Monetary Policy Committee weighs the lingering fallout from the Iran conflict. Inflation remains stubborn at 3.3%, still above the 2% target, prompting a cautious stance....

By BBC Business
Face Serum Advert Banned over 'Five Years Younger' Claim
NewsApr 28, 2026

Face Serum Advert Banned over 'Five Years Younger' Claim

The UK Advertising Standards Authority (ASA) banned Eucerin’s billboard for the Hyaluron‑Filler Epigenetic Serum after deeming its "up to five years younger" claim misleading. The advert relied on a self‑reported study of 160 participants, lacking a control group, UK‑specific testing,...

By BBC Business
Faisal Islam: Why the UAE's Exit From Opec Is a Big Deal
NewsApr 28, 2026

Faisal Islam: Why the UAE's Exit From Opec Is a Big Deal

The United Arab Emirates announced an abrupt exit from OPEC, ending its 3‑3.5 million barrel‑per‑day production quota. As the OPEC member with the second‑largest spare capacity, the UAE could boost output to roughly 5 million barrels daily and ship oil through new...

By BBC Business
My Tenant Owes £15,000 in Rent, but I Can't Get Them Out of the Property
NewsApr 27, 2026

My Tenant Owes £15,000 in Rent, but I Can't Get Them Out of the Property

A 57‑year‑old accidental landlord in south‑London is owed roughly $19,000 in rent after her tenant stopped paying and now refuses to leave. Although a court order granted her possession, only bailiffs can enforce eviction, a process that could stretch up...

By BBC Business
I Had £20,000 Stolen and Had to Fight a 13-Month Fraud Reporting Rule to Get It Back
NewsApr 27, 2026

I Had £20,000 Stolen and Had to Fight a 13-Month Fraud Reporting Rule to Get It Back

A UK pensioner lost about $25,000 in an investment fraud that remained hidden for 17 months. Under the Payment Systems Regulator’s Mandatory Reimbursement Requirement, banks must be notified within 13 months of the last payment, otherwise refunds are limited. Lloyds...

By BBC Business
The Chinese Sports Brand Taking on Nike and Adidas
NewsApr 27, 2026

The Chinese Sports Brand Taking on Nike and Adidas

Chinese sportswear giant Anta, founded in 1991 by Ding Shizhong, has transformed from a low‑cost shoe maker into a global brand challenger to Nike and Adidas. The company now operates more than 12,000 stores in China and 460 outlets worldwide,...

By BBC Business
Less Bread and WFH Fridays – What Pret Boss Knows About Our Habits
NewsApr 27, 2026

Less Bread and WFH Fridays – What Pret Boss Knows About Our Habits

Pret A Manger’s CEO Pano Christou says the chain is adapting to post‑Covid habits by tweaking its subscription service, expanding higher‑priced "Super Plates" salads and re‑thinking store locations. The subscription now costs $6 a month for half‑price drinks, and sign‑ups...

By BBC Business
Island's Inflation Rate Is 2.7%, New Figures Show
NewsApr 24, 2026

Island's Inflation Rate Is 2.7%, New Figures Show

Jersey’s retail price index (RPI) rose 2.7% year‑over‑year to March 2026, a slight dip from the 2.8% recorded in the previous quarter. Energy costs surged, with heating oil and other fuels up 31.9% amid the Middle East conflict. Food and drink...

By BBC Business
White House Memo Claims Mass AI Theft by Chinese Firms
NewsApr 24, 2026

White House Memo Claims Mass AI Theft by Chinese Firms

The White House issued an internal memo warning that Chinese firms are running industrial‑scale “distillation” campaigns to copy U.S. artificial‑intelligence models. The memo outlines four actions – sharing threat intel, tighter coordination with AI companies, establishing best‑practice guidelines, and exploring...

By BBC Business
Stock Markets Are Too High and Set to Fall, Says Bank of England Deputy
NewsApr 23, 2026

Stock Markets Are Too High and Set to Fall, Says Bank of England Deputy

Bank of England deputy governor Sarah Breeden warned that global equity markets are perched at all‑time highs and are likely to experience a correction. She highlighted multiple converging risks, including a potential macro‑economic shock, over‑inflated AI valuations and a fragile...

By BBC Business
UK Borrowing Lowest for Three Years but Iran War Clouds Outlook
NewsApr 23, 2026

UK Borrowing Lowest for Three Years but Iran War Clouds Outlook

UK government borrowing fell by £19.8 bn to £132 bn ($168 bn) in the year to March, the lowest level since 2022‑23 and slightly under the OBR’s £132.7 bn forecast. The ONS reported borrowing as a share of GDP dropped to 4.3%, the weakest...

By BBC Business
AI Is Already Leading to Fewer Jobs for Young People, Says Sunak
NewsApr 23, 2026

AI Is Already Leading to Fewer Jobs for Young People, Says Sunak

Former UK prime minister Rishi Sunak warned that AI is flattening entry‑level job growth for young graduates, especially in law, accountancy and creative sectors. He urged the government to abolish National Insurance and replace it with a corporate profit tax...

By BBC Business
Three Ways the Latest Inflation Figures Affect You
NewsApr 22, 2026

Three Ways the Latest Inflation Figures Affect You

UK inflation rose to 3.3 % in March, driven by higher fuel costs linked to the Ukraine war. A temporary dip in the domestic energy price cap trims average bills by about £10 a month (~$13), but a July cap revision...

By BBC Business
Lufthansa Cuts 20,000 Summer Flights as Fuel Prices Surge
NewsApr 22, 2026

Lufthansa Cuts 20,000 Summer Flights as Fuel Prices Surge

Lufthansa will cancel 20,000 short‑haul summer flights as jet‑fuel prices have roughly doubled following the US‑Israel‑Iran conflict. The airline says the cuts will save about 40,000 metric tons of fuel and coincide with the retirement of 27 aircraft from its...

By BBC Business
McDonald's Boss on Abuse Claims: 'I Don't Want to Talk About the Past'
NewsApr 22, 2026

McDonald's Boss on Abuse Claims: 'I Don't Want to Talk About the Past'

Lauren Schultz, the new chief executive of McDonald’s UK and Ireland, told the BBC she will not discuss the chain’s past abuse allegations, calling the incidents “unacceptable” and emphasizing a forward‑looking agenda. The company has already agreed with the UK...

By BBC Business
UK Inflation Rises After Iran War Pushes up Fuel Prices
NewsApr 22, 2026

UK Inflation Rises After Iran War Pushes up Fuel Prices

UK consumer price inflation rose to 3.3% in the year to March, the first increase since February, as the Iran‑Israel conflict triggered the sharpest jump in petrol and diesel prices in over three years. Motor fuel surged 8.7% month‑on‑month and...

By BBC Business
War in Iran 'Has Put up Our Fuel Bill by £100,000'
NewsApr 22, 2026

War in Iran 'Has Put up Our Fuel Bill by £100,000'

The US‑Iran war has driven UK diesel up 47.8 p per litre, adding roughly £100,000 ($125,000) to Wrings Transport’s fuel bill and pushing March costs £45,000 over budget. The haulier’s fuel surcharge passes the surge to retailers, contributing to a 3.3 %...

By BBC Business
The 'Dumb Machine' Promising a Clean Energy Breakthrough
NewsApr 20, 2026

The 'Dumb Machine' Promising a Clean Energy Breakthrough

Proxima Fusion, a German‑based startup, is racing to build a tokamak‑style fusion reactor dubbed Alpha, relying on ultra‑complex magnetic coils that it hopes to mass‑produce far faster and cheaper than traditional designs. The company leverages Germany’s deep CNC machining talent...

By BBC Business
Oil Prices Rise After Trump Says Iranian Ship Seized
NewsApr 20, 2026

Oil Prices Rise After Trump Says Iranian Ship Seized

Global oil markets surged after President Donald Trump announced the U.S. Navy seized an Iran‑flagged cargo vessel, pushing Brent crude over 4% to $94.20 a barrel. The move follows Iran’s decision to close the Strait of Hormuz, a chokepoint that...

By BBC Business