IEA: Global Oil Inventories Falling at Record Pace
The IEA warns global oil stocks are declining at a record pace due to supply losses from the Iran war, with inventories falling by 129 million barrels in March and 117 million in April.
Category : Business
Trump Donors Pause Wisconsin Warehouse on Economic Concerns
Uline, owned by billionaire Trump supporters Richard and Liz Uihlein, pauses construction of a new facility in Kenosha, Wisconsin, due to economic uncertainty.
WA Gas Exports Risk Slowing Asia's Clean Energy Shift
Documents show WA gas risks slowing Asia's clean energy shift. WA emissions up 17% since 2005, while other states cut pollution. Albanese government faces climate target challenges.
NFL Announces Record Nine International Games for 2025
The NFL will play a record nine games abroad in 2025, including debuts in Paris and Melbourne. London will host three games in October.
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Russia Launches 800+ Drones on Ukraine in Deadly Assault
Russia targeted Ukraine with over 800 drones, killing six. The attack came after a brief ceasefire, as Trump claims peace is near.
Cisco AI Rally Faces Earnings Reality Check
Cisco reports Q3 earnings amid AI boom, with revenue expected at $15.56bn. Shares near record highs, but margins and guidance under scrutiny.
Stratacache, In-Store Ad Firm for Currys and Iceland, Goes Bust
Stratacache, the digital ad firm behind in-store screens at Currys and Iceland, has declared insolvency, putting retail media networks at risk.
North Korean Hackers Use Fake Zoom Calls to Steal Data
Microsoft warns that North Korean cybercriminals are using fake Zoom updates and LinkedIn job scams to infect Macs with malware and steal personal data.
CEOs Join Trump on China Trip for Trade Talks
Donald Trump arrives in Beijing with tech CEOs like Elon Musk and Tim Cook for a summit with Xi Jinping, aiming to secure trade deals amid domestic challenges.
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Rush Hour 4 Director Joins Trump in China for Sequel
Brett Ratner, director of Rush Hour and Melania, travels with Trump to China to scout locations for Rush Hour 4, with production expected to begin soon.
Clifford Chance Cashes In on AI Data Centre Boom
Law firm Clifford Chance is capitalising on the surge in AI-driven data centre demand, advising on major projects and seeing significant revenue growth.
Sutton Named England's Most Appealing Neighbourhood
Sutton, once called an 'absolute dump' online, tops England's neighbourhood appeal ranking, beating Chester and Durham with high homeownership and green space.
Farage Probed Over £5m Crypto Donation
Nigel Farage is set to be investigated by the parliamentary standards committee over a £5m donation from crypto billionaire Christopher Harborne, raising questions about declaration rules and potential breaches.
Airlines Cancel Flights, Hike Costs Amid Jet Fuel Crisis
Airlines worldwide are cancelling flights and raising fees due to soaring jet fuel prices caused by the Iran war and Strait of Hormuz closure, impacting passengers with higher costs and disrupted travel plans.
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Citigroup Hires Seifert and Ord for UK Dealmaking
Citigroup appoints senior bankers Seifert and Ord to strengthen its UK mergers and acquisitions team, signaling growth ambitions in London.
Greggs Meal Deal Pricier Than Waitrose, Fans Outraged
Greggs has increased prices on its meal deals, making the Big Deal £5.25 – more expensive than Waitrose's £5 offer. Customers express anger online, while the CEO assures no further hikes in 2026.
IKEA Urgent Recall: Garlic Press May Contain Metal Fragments
IKEA recalls its 365+ VÄRDEFULL garlic press due to production defect causing small metal pieces to detach into food. Customers urged to stop use and get full refund without receipt.
Supermarket expert says this UK chain is the worst
Dan Kelly visited over 1,000 supermarkets globally for work. He names Londis in London as the worst due to high prices and Biscoff-filled products. He also shares his top picks.
Flight attendant: never use the tray table on a plane
A former flight attendant shares why you should avoid using the tray table, going barefoot, and using the toilet during service on planes for hygiene and safety reasons.
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Dunelm’s Nautical Home Upgrades from £3: Coastal Style
Discover Dunelm's affordable nautical home upgrades from just £3. Transform your space with coastal decor, from bedding to wall art, perfect for summer.
IEA Warns of Record Oil Drawdown After Hormuz Shock
The IEA warns of record oil stockpile drawdowns due to the Strait of Hormuz closure, with 4m barrels per day tapped in April amid an unprecedented supply shock.
Spotify Time Capsule Shows Your Entire Listening History
Spotify launches a time capsule feature for its 20th anniversary, letting users view their first streamed song and all-time top tracks. Some results are surprising.
Homeless Man Sucked Into Jet Engine at Denver Airport
A homeless man was killed after being sucked into a Frontier Airlines jet engine at Denver International Airport. The plane was traveling at 139 mph. No suicide note was found.
Uzbekistan Wealth Fund Lists in London After $604m IPO
Uzbekistan's national wealth fund completed its dual listing in London and Tashkent, raising $604m at a £1.5bn valuation, marking the country's first IPO and London's first major listing of 2026.
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Trium Capital Seeks $300M for Multi-Strategy Fund
London-based Trium Capital is raising $300 million for a new multi-strategy hedge fund, expanding its alternative investment offerings amid strong investor demand.
Morgan Supersport 400: New Flagship Supercar Revealed
Morgan unveils the Supersport 400, its most powerful production car ever with 402hp, 0-62mph in 3.6s, bespoke styling, and a starting price of £135,558.
Babcock Buyback and Avon Tech Orders Highlight Defence Growth
Babcock announces £200bn buyback amid revenue rise; Avon Technologies reports surge in orders as geopolitical tensions boost defence sector.
London to Hit 24C After Rainy Week
London will see temperatures soar to 24C from May 21, ending a week of rain and chilly weather, according to BBC forecasters.
Space Tech Investment Surges: Seraphim Raises £137m
Space tech investing has gone mainstream. Seraphim Space Investment Trust co-founder Mark Boggett discusses the sector's growth, defence ties, and future opportunities like space data centres.
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Amundi Tech Boss Leaves to Head Aztec Group
The head of technology at Amundi has left the asset manager to become CEO of Aztec Group, a fund services provider, marking a significant leadership change.
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