Business

British Steel’s Turkish Contract: Innovation, Investment, and the Race Against Time

British Steel's deal to supply rail for Turkey's new 599km Ankara–İzmir high-speed railway is a story of innovation — in products, in export finance, in the resumption of 24-hour manufacturing. It is also, however, a race against time. The plant is losing £1.2 million every day, and the window for securing a sustainable future may not be open indefinitely. The eight-figure contract with ERG International...

Quality Considerations Join Price in Crude Procurement Decision Framework

India's crude oil procurement framework in 2025 increasingly incorporated quality considerations alongside price, with refiners seeking optimal crude grades for their facilities. Data shows that US crude imports to India surged by 65.6% to $8.2 billion during April-December 2025, while Russian crude imports contracted by more than 17%, falling from $40 billion to $33.1 billion year-on-year. December 2025 reflected this expanded decision framework. Russian crude...

Bank of England Keeps Rates Steady at 3.75% While Monitoring International Developments

The Bank of England has held interest rates unchanged at 3.75%, with policymakers monitoring international economic developments that could affect the UK outlook. Global...

Silver and Gold Stabilize After Severe Market Shock on Monetary Policy Announcement

Precious metals markets demonstrated recovery Monday following a violent downturn that had created widespread concern among investors. Gold advanced from an 8% drop to...

Liverpool Lands Chery European Headquarters in Significant Market Move

Liverpool will serve as the European headquarters for Chinese carmaker Chery's research and development operations, with the state-owned manufacturer consolidating European commercial vehicle activities...

EasyJet Opposes EU Free Baggage Rules Citing Fleet Utilization Impact

Budget airline EasyJet has warned that European Union baggage regulations could impact fleet utilization efficiency by creating boarding delays that reduce aircraft productivity. The legislative...

Trump Cranks Up Heat on South Korea with 25% Tariff Announcement

President Trump has cranked up the heat on South Korea with an announcement of 25% tariffs on major exports, claiming Seoul has failed to...

Shift in the Wind: Germany Faces Pressure to Bring Home Billion-Euro Gold Stash

The winds of geopolitical change are blowing through Germany, bringing with them a renewed focus on the nation's gold reserves. As international relations become...

February Timeline Constrains European Response Options

The European Parliament has officially suspended the US trade deal ratification, directly responding to President Trump's threat of 10% tariffs unless Europe backs his...

Silver Reaches Record $94 and Gold Touches $4,689 as Markets Process ‘Trump Always Chickens Out’ Theory

Monday's global financial markets witnessed extraordinary movements as precious metals achieved historic price levels while analysts debated whether Trump will ultimately moderate tariff threats....

April Transition Looming: BP Clears Decks with $5bn Hit

With the April leadership transition looming, BP is clearing the decks by taking a massive $5 billion hit on its green energy assets. The...

Trump’s Trade Policy Under Legal Fire as He Hits Iran

President Donald Trump’s trade policy is under legal fire in the Supreme Court, even as he hits Iran’s partners with a new 25% tariff....

Credit Crunch Fears Rise After Trump’s 10% Rate Announcement

Fears of a looming credit crunch are rising on Wall Street following Donald Trump’s announcement of a 10% cap on credit card interest rates....

Energy Firms Maintain Distance from Trump’s Venezuela Investment Vision

President Trump's announcement that American oil companies will invest billions in Venezuela has produced surprisingly little public enthusiasm from industry leaders. Despite Trump's confident...