Elon Musk’s flying car should fill us with wonder, not culture war cynicism Opinion Flying cars have been a dream for 100 years, but culture war cynicism is preventing us from getting excited about Elon Musk's Roadster.
With Jackdaw approved, what’s next for the North Sea? Analysis A lot has happened since 1 June 2022, the date when ministers first granted permission to tap the Jackdaw gas field. The Conservatives were halfway through their ill-fated final term of three. Kwasi Kwarteng was the business secretary, with equally ill-fated aspirations for higher office. And the Department for Energy Security and Net Zero – [...]
Warehouse tax ‘dropped over fears of Trump trade war’ Hospitality Andy Burnham’s plans for a so-called ‘warehouse tax’ were dropped over fears a raid on US firms like Amazon could spark a trade war with Donald Trump, a top industry body has claimed. The Prime Minister, during his campaign to become Makerfield MP, pledged to hike business rates on “out of town” warehouses to fund [...]
As it happened: European stocks slump as bond yields spike after France riots October 19, 2026 Welcome back to the City AM FTSE 100 liveblog. European bond markets have been left in the red following the shifting pressures on global markets. The 10-year yield on French bonds – a direct reflection of the government’s cost to borrow – spiked some 13 basis points to 4.9 per cent. The spread between French [...]
Fifa still refusing to share World Cup sell-off papers, says FA chair October 15, 2026 Football Association chair Debbie Hewitt says the Fifa Council is still being denied full transparency over Gianni Infantino’s aborted World Cup sell-off plan. Infantino apologised to the Council today as it met for the first time since controversy erupted over Fifa Forward Enterprise (FFE), a new private company Infantino lined up investors for without telling [...]
Oil prices waver as Trump pushes for dubious Ukraine-Russia ‘ceasefire’ October 12, 2026 Oil prices remained above the $100 mark on Monday morning after President Trump hailed a deal with Russia’s President Putin that would lead to the supply of millions of barrels of diesel to the US and global markets. Brent crude oil futures, a benchmark for international prices, fell by about 0.6 per cent to $104 [...]
LIV Golf secures funding and looks to Trump for help relaunching bankrupt competition October 6, 2026 LIV Golf chiefs are hoping for help from US President Donald Trump as they look to relaunch the league without the backing of Saudi Arabia’s Public Investment Fund. The bankrupt team golf competition, home to stars Bryson DeChambeau and Jon Rahm, has secured funding from BC Partners and says it is in talks with more [...]
G7 agrees to release diesel reserves after crisis meeting October 2, 2026 Leaders from the G7 have agreed to tap into 100m of diesel and oil from their reserves in a bid to stave off a soaring supply crisis and end an escalating feud between the Euope and the US. The club of wealthy democracies said on Friday that they would work with the International Energy Agency [...]
Diesel crisis: UK minister holds emergency talks with US energy secretary October 2, 2026 Energy secretary Miatta Fahnbulleh is holding crunch talks with her American counterpart about an escalating diesel spat that has seen Treasury secretary Scott Bessent urge Europe to release emergency reserves “immediately”. City AM understands that Fahnbulleh is in direct contact with US energy secretary Chris Wright to discuss a US move to potentially choke off [...]
Burnham must kill off bonkers Chagos deal for good September 28, 2026 The proposal to cede sovereignty over the Chagos Islands to Mauritius and pay for the privilege appeals to no voters and has lost the support of Donald Trump. Andy Burnham should pull the plug, says Eliot Wilson It became clear early in Sir Keir Starmer’s brief premiership that here was a leader of unusual political [...]