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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…...
Brent Closes at $104.61 While Diesel Scarcity Keeps Energy Inflation Elevated
8+ hour, 11+ min ago (12+ words) TechStock²...
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…...
Cotton Farms in Benin Show Steady Productivity and Profit Growth, Study
8+ hour, 51+ min ago (703+ words) Cotton is far more than a crop in Benin. It anchors the national economy, accounts for roughly 90 percent of agricultural exports, contributes about 35 percent of export earnings, and provides income for nearly three million people. By 2019, Benin had become the…...
Gem, jewellery exports up 3% to $2.30 billion in Aug
13+ hour, 6+ min ago (411+ words) Gem and jewellery exports increased 3 per cent in August to $2.30 billion against $2.23 billion logged in the same period last year, on the back of the rise in value-added gold jewellery export. In rupee terms, exports increased 13 per cent to ₹21,946 crore…...