Rising fuel prices risk pushing UK small businesses to collapse, with campaigners urging Rachel Reeves to cut fuel duty and reform pricing. Read more: Fuel price crisis risks pushing small firms to brink as pressure mounts on chancellor
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BlackRock CEO Larry Fink warns oil at $150 could trigger a global recession, as energy costs, inflation and geopolitical risks reshape the economic outlook. Read more: Blackrock chief warns $150 oil could trigger global recession
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UK borrowing costs surge to highest since 2008 as gilt yields hit 5%, driven by energy price spikes and inflation fears linked to Middle East conflict. Read more: UK borrowing costs hit highest level since 2008 as markets reel from energy shock
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UK aims to produce 50% of its steel domestically as import quotas are cut and a 50% tariff introduced, sparking industry support and political criticism. Read more: UK sets 50% domestic steel target as tariffs ramp up on imports
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Bentley will cut 275 jobs as profits fall 42% to £187m, with the luxury carmaker citing weak demand, China slowdown and rising costs. Read more: Bentley to cut 275 jobs as profits slump amid global headwinds
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Shipping giant Maersk has suspended operations at Oman’s Port of Salalah after a drone strike on oil storage facilities, highlighting growing disruption to global trade routes amid the escalating Iran conflict. Read more: Maersk halts operations at Oman port after drone strike widens Iran conflict disruption
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Based at the DIFC Innovation Hub, the Dubai PropTech Hub currently tracks 231 UAE-based PropTech companies, with strong activity in listings, investment and marketing platforms The post DIFC launches PropTech 2033 roadmap for Dubai’s real estate future appeared first on Gulf Business.
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The US dollar firmed 0.2 per cent, making dollar-priced bullion more expensive for holders of other currencies The post Gold slips as dollar strengthens, rate cut hopes fade appeared first on Gulf Business.
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When force majeure is declared, companies may temporarily halt deliveries or operations without being considered in breach of contract The post Why force majeure is spreading across Gulf energy markets appeared first on Gulf Business.
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Celebrity restaurateur Nusret Gökçe, known as Salt Bae, says his Dubai Nusr-Et restaurant remains open and he has travelled to the city to show confidence The post Salt Bae weighs in on Middle East crisis, says Dubai restaurant remains open appeared first on Gulf Business.
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