Rising oil prices won’t derail fight against inflation, experts reckon September 28, 2023 Inflation is likely to continue on its downward trajectory despite a recent surge in oil prices, experts told City A.M.
A new oil field in the North Sea won’t be forever, but it’s a good decision for now September 28, 2023 We were always going to need the new Rosebank oil field in the North Sea, even if the black "gold rush" is coming to a close, writes Cameron Smith
H&M: Sales to drop 10 per cent due to unusually hot September and Russia pull-out September 27, 2023 H&M has warned that its sales are expected to decrease by 10 per cent in September, as unusually hot weather and discontinued operations in Russia have dampened trade. The gloomy forecast puts a damper on the Swedish fashion giant’s latest third quarter update, revealing a six per cent rise in net sales to SEK 60,897m [...]
Binance to sever all ties with Russia September 27, 2023 Cryptocurrency exchange Binance has entered into an agreement to sell the entirety of its Russia business to CommEX as it looks to cut all ties with Moscow.
Elon Musk ‘not off the hook’: EU official warns X is the biggest source of fake news September 26, 2023 A top European Union official has said that the social network X, formerly known as Twitter, is the biggest source of fake news and urged owner Elon Musk to comply with the bloc’s laws aimed at combating disinformation. Ahead of upcoming elections, Google, TikTok, Microsoft and Meta also have more to do to tackle disinformation, [...]
Glencore’s deal to buy Russian copper flags country’s grip on key commodities September 26, 2023 Global commodity trading giant Glencore purchased thousands of tonnes of Russian copper that were traded through Turkey to Italy in July.
Oligarch: Putin and Russia won’t be stopped by ineffective sanctions September 26, 2023 Oligarch Oleg Deripaska said Russia and Putin have weathered Western sanctions imposed over the invasion of Ukraine
Brexit: Britain to sign sixth US state-level trade deal since leaving EU September 26, 2023 The UK is poised to sign its sixth trade agreement with a US state. Industry and economic security minister Nusrat Ghani will sign a Memorandum of Understanding (MoU) with Washington state in Seattle. The West Coast state is home to major US companies including Amazon, Starbucks, Microsoft and Boeing, with the aerospace sector a priority [...]
The Notebook: Victoria Scholar on the future of supermarkets September 26, 2023 Interactive Investor's Victoria Scholar on supermarkets, China's growth and a new podcast in the City A.M. notebook
Winter gas price rally unlikely despite recent steady climb, experts say September 25, 2023 Gas prices are still expected to stabilise heading into winter despite a recent rise in spot prices on European benchmarks.