Globalisation obituaries ‘hopelessly premature’ Economics Boosting trade is the single best way to improve the long-term fortunes of the UK despite the economy being hit by a barrage of supply chain fractures and geopolitical shocks, the Bank of England’s former chief economist has said. In his first speech as president of the British Chambers of Commerce, Andy Haldane told delegates [...]
US ambassador: UK’s closer ties with EU are a problem Politics Britain pursuing closer ties with the European Union will “not be viewed favourably” in the White House if it in any way affects the trading relationship between the UK and US, Washington’s ambassador to the UK has warned. Warren Stephens said that the government’s recent decision to adopt over 70 European rules onto the UK [...]
When politics Trump prices, markets are no longer free Opinion In any other context, a system where a single individual can move markets so abruptly would raise serious questions about resilience and fairness. With Donald Trump, it is simply accepted, says Tim Focas The most striking thing about this week’s oil market moves is not that traders placed half a billion dollars of bets ahead [...]
Caxton extends losses as Iran war slams markets March 25, 2026 London based hedge fund Caxton Associates has extended its losses as the Middle Eastern conflict continues to impact global markets. The fund’s losses rose by more than $1.3bn (£971.1m), with its $9bn macro fund, which is run by chief executive Andrew Law, is down 15 per cent this month to 20 March, according to two [...]
Donald Trump is deluded, but so are we March 25, 2026 On the public finances, energy and national security, comforting rhetoric has concealed policy drift that has undermined the status quo it purported to uphold, says Alys Denby Donald Trump’s claims of an imminent end to the war in Iran may bear only a tenuous connection to reality – like his on/off tariff threats – but [...]
Iran mocks Trump’s peace talks as oil price takes sharp drop March 25, 2026 The Iranian regime has mocked claims from Donald Trump that talks to end the war were progressing as markets struggle to digest a mixed bag of messages. Tehran downplayed expectations of any immediate ceasefire, following emerging reports that the US had offered a 15-point ceasefire plan. The President said the US was in “productive” talks [...]
FTSE 100 Live: Stocks soar as Trump claims ‘victory’ in Iran; Economists clash on inflation March 25, 2026 Welcome back to the City AM liveblog. Fresh figures this morning revealed inflation rose three per cent in the year to February 2026, unchanged from the 12 months to January 2026. Grant Fitzner said: “The largest upwards driver was the price of clothing, which rose this month but fell a year ago. “This was offset [...]
‘Crossroads’: Oil prices hold firm as markets sour on Trump’s peace talks March 24, 2026 The price of oil held firm on Tuesday morning as markets faced a “crossroads” following the latest bait-and-switch from President Trump amid the crisis in the Middle East. Brent crude, the international benchmark for oil, broke $100 again in early trading in Asia after a four per cent gain. Prices have dipped a touch but [...]
FTSE 100 Live: Stocks dip; Reeves give energy update as oil prices jump March 24, 2026 Good morning and welcome back to the City AM liveblog. Oil is back on the rise this morning following a series of mixed messages on Monday that brought forward a day of whiplash for global markets. The trading session started with nosedives into the red as markets digested President Trump’s 48 hour ultimatum on Iran, [...]
The oil crisis isn’t just financial, it’s physical March 24, 2026 Disruption in the Strait of Hormuz isn’t just an economic shock, it’s harming the physical infrastructure that underpins global markets, says Helen Thomas Five years ago this week, the Ever Given ran aground in the Suez Canal, blocking one of the world’s key waterways for six days. Oil prices jumped six per cent as roughly [...]