Headline PCE inflation rose 3.8% in April from a year earlier, its hottest pace in two years and nearly double the Federal Reserve's 2% goal, while core PCE held at 3.3%, its highest reading since October 2023. The monthly numbers ran cooler, with core easing to 0.2% against the 0.3% economists had expected. Bitcoin saw […]
The post New US inflation report leaves Bitcoin with a problem the Fed…
**• Pentagon chief says Trump is ‘patient’, wants to make a ‘great deal’ to ensure Iran doesn’t have nukes
• US military fires on Gambia-flagged ship ‘violating Iran blockade’
• War secretary asserts Iran under pressure to open Strait of Hormuz with or without deal
• Iran asks vessels traversing vital waterway to comply with its regulations
• Hegseth lauds PM Shehbaz, CDF Munir for role in…
The Business Development Bank of Canada report found Canadians are prioritizing domestic travel this year to save money, which could inject billions of dollars into the economy.
A leading economic forecasting group has warned that Britain's sluggish economic growth, combined with rising energy prices, will result in over 160,000 jobs being lost this year, raising further questions about the left-wing government's net-zero green agenda
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US President Donald Trump reportedly told his aides to prepare for a longer blockade of Iranian-linked ships passing through the Strait of Hormuz, in the hopes that the Islamic Republic kowtows to his demand to dismantle its nuclear program. He appears to prefer this option to restarting a bombing campaign or exiting the…
BP attributed the more than doubling of profits to “exceptional” oil trading.
The post Oil giant BP sees profits more than double as Iran war pushes oil prices up appeared first on The London Economic.
The signals in Europe are crystal clear. Energy prices are structurally higher than in the United States; the electricity grid is grinding to a halt; industry is leaving Europe; and dependence on imports is growing. These are not isolated incidents. This is how the system works. And yet, one message is echoing from Brussels and The Hague: let’s accelerate the process.
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Senate Republicans on Monday introduced legislation that would bar Democrat states from punishing American energy producers via "climate lawfare," contending that the Democrat laws amount to nothing more than a "climate shakedown."
The post Senate Republicans Move to Stop State Democrat ‘Climate Lawfare’ from Stifling American Energy Production appeared first on Breitbart.
Residents in New England pay more for electricity than nearly all others, according to the Energy Affordability 2026 report from the American Legislative Exchange Council.
The party’s parliamentary group wants a return to reliable energy sources.
Tomio Okamura says cheaper Russian energy could ease energy prices.
The California-based firm pointed to high energy costs and regulatory uncertainty for its decision to pause its Stargate UK project.
Protests in Ireland and early fuel shortages in France point to mounting pressure as costs begin to feed through the economy.
The International Monetary Fund (IMF) reached a staff-level pact with Sri Lanka, which will unlock financing of about $700 million once approved, the lender said on Thursday, calling for reforms, including in fuel levies, to ensure stability and growth.
The deal comes as the island nation recovers from its worst economic crisis in decades, which led to a foreign debt default in 2022 and a…
The chancellor hinted that government help on bills may not arrive until the autumn though.
The post Rachel Reeves says any energy bills help will be based on household income appeared first on The London Economic.
The European Commission has urged European Union countries to prepare for the coming winter and fill gas storage tanks early, taking into account the impact of the Iran war on energy prices, Reuters reports. Meeting in a closed meeting, the EC pointed out that there is no immediate threat to EU gas supplies, but encouraged […]
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The government hopes the cuts will lead to a 1.2 zloty/litre drop in price.
As oil prices continue to rise in the shadow of the war with Iran, Americans can expect the cost of all kinds of products to slowly increase, according to experts. By Friday, crude oil prices were approaching and for Brent crude exceeding $100 a barrel, with gas prices averaging around $3.91 nationwide, according to AAA. […]
“I just despair at the kind of lies you're telling people"
The post Caroline Lucas fact-checks Reform’s head of policy on clean energy ‘lies’ appeared first on The London Economic.
The European Central Bank (ECB) has pledged to keep its key interest rate at 2% but is also prepared to raise it if developments in the Middle East lead to a sustained rise in eurozone inflation, Reuters reported. Oil and gas prices have risen sharply since the US and Israeli attacks on Iran, raising concerns […]
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The words of Belgian Prime Minister Bart De Wever reflect a shift in mood in Europe amid the escalating crisis in the Middle East
When Gary Dirks arrived in China in 1995, the country’s government was looking to source more of its energy at home. Dirks was the incoming country head for BP, but efforts to find more oil and gas in the country had largely fizzled. So government leaders pivoted, Dirks said. China invested heavily in its domestic […]