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Benchmark crude oil prices rose on Monday as US President Donald Trump rejected Iran’s latest counterproposal to find an end to the war in the Middle East. The continued closure of the Strait of Hormuz is leaving its mark on economies around the world, with India’s Prime Minister Narendra Modi calling for reduced fuel use…
British Prime Minister Keir Starmer said he would introduce legislation this week to give the government powers to take full ownership of British Steel in Scunthorpe, the last plant in the UK that can make steel from scratch. Last year, the government seized control of the steelworks from its Chinese owner to stop the potential…
Oil prices continued to climb on Tuesday, as US President Donald Trump said the ceasefire with Iran was “on massive life support”. Meanwhile, the CEO of Saudi Aramco, the world’s largest oil company, told analysts the closure of the Strait of Hormuz has generated a loss of 100 million barrels every week. Also in this…
French President Emmanuel Macron gave the country’s plans to move away from fossil fuels another boost on Tuesday, announcing big private investments, including a β¬1 billion EV project from Stellantis. Some 200 companies signed onto a national pact to join the government’s efforts to double the share of electricity in the country’s energy mix to…
NASA has unveiled its plans to send humans to the Moon, which include establishing a permanent presence on Earth’s nearest satellite by the 2030s. It comes as China moves ahead with its own lunar ambitions, launching three astronauts into outer space. FRANCE 24’s Sharon Gaffney speaks to Michelle L. D. Hanlon, Executive Director at the…
The European Union has slapped a β¬200 million fine on Chinese retailer Temu, for selling products it considers toxic or unsafe, including baby toys and electronics. The e-commerce giant disputes the ruling, which came under the EU’s Digital Services Act, requiring online platforms to protect consumers from harmful content or products. Also in the show…
Benchmark prices for crude oil rose on Thursday as Iran said it targeted a US airbase in response to American air strikes. Commercial traffic through the Strait of Hormuz, which had slightly ticked up in previous days, dwindled down to almost nothing again. Also in this edition: Australia takes legal action against US consumer goods…
Global oil prices rose further on Tuesday with Brent crude climbing near $110 a barrel, as a standoff over the Strait of Hormuz continues with the US and Iran both rejecting the other’s ceasefire proposal. Meanwhile, Japanese snack giant Calbee has decided to temporarily switch to black and white packaging for some of its products,…
US President Donald Trump is expected to land in China this Wednesday ahead of a summit with his Chinese counterpart Xi Jinping. Trump is accompanied by a large delegation of US executives and has promised to ask Xi to “open up” the country to US business. In this edition, we explore what “opening up” means…
More than a dozen executives from the world’s largest companies have joined US President Donald Trump on a high-stakes visit to China. The business delegation points to an agenda dominated by trade, technology and rare earths. The minerals are the building block of many modern industries, and a source of economic leverage for Beijing. Also…