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News
Oil tanker rates reach record highs on surging risks to Middle East shipping (FRO:NYSE)
21+ hour, 10+ min ago (78+ words) The cost of shipping oil in supertankers surged to fresh record highs this week following the biggest wave of attacks on Middle East shipping since the start of the US-Iran war. HeliRy/E+ via Getty Images The cost of shipping…...
Saudi Arabia’s Critical Oil Bypass Comes Under Threat
1+ day, 5+ hour ago (431+ words) Houthi strikes threaten Saudi oil exports as Brent hits $105 and Middle Eastern crude soars to $120....
Bank of England boss urged to pause bond sales costing the UK £100bn
2+ hour, 33+ min ago (717+ words) By PATRICK TOOHER, CONSULTANT CITY EDITOR The Bank of England is under growing pressure to pause a controversial debt-selling programme that is set to cost the taxpayer over £100billion. It comes as the Bank’s Monetary Policy Committee is expected to keep…...
'Skimpflation' warning as tinned mackerel alternative hits more supermarket shelves
3+ hour ago (723+ words) A growing trend of supermarkets selling a cheaper, less nutritious alternative to tinned mackerel is an example of "skimpflation", a consumer group has said. Princes - which supplies major supermarkets - has substituted the fish for jack mackerel, an entirely different species…...
Pound climbs after UK growth beats expectations, powered by AI and tech boom
1+ day, 18+ hour ago (339+ words) Britain's economy grew 0.4% in July when economists expected flat output, with artificial intelligence investments driving the surprise Flag of the United Kingdom / Wikimedia Commons (public domain) The British pound ticked higher after official data showed the UK economy grew 0.4% in…...
The data center race reaches Africa, where South Africa now faces pressure
9+ hour, 30+ min ago (462+ words) South Africa hosts 70% of Africa’s data centers, but residents are now pushing back Civil rights organizations across South Africa are pushing for a pause on new data center construction while resource concerns get investigated. They argue scarce water, land and…...
AI presents opportunity to stimulate economic growth: BRICS countries
10+ hour, 35+ min ago (9+ words) ...
Companies respond to Trump's call for deep-sea mining ventures
12+ hour, 6+ min ago (407+ words) At least nine firms are chasing regulatory approval to extract critical minerals from the ocean floor, but environmental opposition and legal battles loom large The Metals Company, trading as TMC, has positioned itself at the front of the pack. The…...
Raminvest Holding advances gold exploration at Mauritania project
8+ hour, 9+ min ago (315+ words) Dubai International Financial Center- (DIFC-) based investment and operating group Raminvest Holding has announced the next phase of its gold exploration programme at the Wompou gold project, in Mauritania, where sampling returned assay values of up to 50.14 g/t gold....
Mining stakeholders push for licence checks, geological surveys to curb losses in Tanzania
20+ hour, 6+ min ago (280+ words) Kahama. Mining stakeholders in Kahama District, Shinyanga Region, are calling for greater use of licence verification and geological surveys to reduce disputes, fraud and losses in the sector. The call was made during the launch of Badson Mining Consultation in…...