As Rachel Reeves arrives in Washington, yet another crisis overshadows IMF’s annual meeting, says ALEX BRUMMER
[ad_1] Rachel Reeves must fear that her efforts to bring stability to the British economy are doomed to failure. Events beyond her control have a nasty habit of interfering with even the best laid plans. When the Chancellor lands in Washington DC on Tuesday for the spring gathering of the great and the good of […]
World faces ‘stark and steep recession’ with years of $150-a-barrel oil prices and ‘profound economic implications’ due to Iran war, expert warns as Shell says Europe is days from fuel shortages
[ad_1] If oil reaches $150 a barrel, it could trigger a global recession, the boss of the world’s largest asset manager has warned. Blackrock chief executive Larry Fink said that if the Iran war keeps energy prices persistently high, it will have ‘profound implications’ for the world economy. The closure of the Strait of Hormuz, […]
FTSE 100 tumbles as gas prices rocket and oil surges after conflict erupts with Iran
[ad_1] The FTSE 100 fell this morning as markets tumbled and gas and oil prices surged after conflict erupted with Iran across the Middle East. After hitting record highs last week, the UK’s leading stock market index had fallen 129 points, or 1.2 per cent, to 10,781, at 12.30pm. Oil prices have surged on fears […]
FTSE steady after fresh Trump tariff chaos weighs on stocks and pushes gold higher
[ad_1] By ANGHARAD CARRICK, BUSINESS NEWS EDITOR Updated: 05:12 EST, 23 February 2026 The FTSE’s record run was briefly interrupted after Donald Trump imposed a new 15 per cent tariff over the weekend, deepening global trade uncertainty. The FTSE 100 opened 0.2 per cent lower before regaining some ground after a record run this year, […]