Business

Gas Prices as a Political Force: How $3.90 a Gallon Is Reshaping EV Attitudes Across Parties

In most political contexts, electric vehicles have become a polarizing topic — embraced by progressives as a climate solution, resisted by conservatives as government overreach. The Iran conflict and its impact on gasoline prices may be disrupting that political polarization in ways that could prove significant for the long-term trajectory of US EV adoption. At $3.90 per gallon — the highest national gas average in...

US Oil Prices Reflect Deep Market Anxiety as Iran War Enters Third Week

  Deep market anxiety is reflected in US oil prices as the Iran war enters its third week, with analysts projecting further gains on Monday. Petroleum analyst Patrick De Haan has forecast pump prices of $3.80 to $3.85 per gallon, while noting that $4 gasoline could still materialize. The unresolved conflict has made energy market participants deeply uncertain about the near-term supply and price outlook. The...

Bilateral Deal-Making Emerges as Alternative to Blanket Tariff Approach

The Trump administration's emphasis on bilateral deal-making represents a shift from blanket tariff approaches to more targeted trade relationships. Countries that actively negotiate may...

Trump’s Import Tax Warnings Escalate Ahead of EU Deadline

President Trump's warnings of escalating import taxes, reaching up to 70% on some countries, are intensifying as the July 9th deadline for a trade...

Trump’s Tariff Gambit: How Europe Plans to Respond

Donald Trump's latest tariff gambit, threatening a 17% duty on European food and farm produce exports, has prompted Europe to consider its comprehensive response....

Trump’s Deadline: EU Weighs 10% Tariff Acceptance for Trade Deal

As President Donald Trump's deadline approaches, the EU is weighing its options, reportedly considering accepting 10% tariffs from the US as part of a...

TSB: From Competition Driver to Acquisition Target

TSB, originally spun off from Lloyds to foster greater competition in the UK banking market, has now become an acquisition target itself, with Santander...

Greenback’s Perilous Path: Worst First Half in Decades as Policies Unfold

The US dollar is on a perilous path, recording its worst first half-year performance in decades, with a 10.8% drop against a basket of...

Lotus: UK Operations Prioritised as Tariffs Ease

Lotus is prioritising its UK operations, confirming to Business Secretary Jonathan Reynolds that its Norfolk factory will not be shut down, as US tariffs...

Agricultural Grievances Resurface as Digital Tax Triggers Trade War

President Trump's decision to terminate Canada trade negotiations has brought longstanding agricultural grievances back to the forefront, with his criticism of 400% dairy tariffs...

European Production Stagnation Compounds Trade War Vulnerabilities

European industrial production remains significantly below 2019 pre-pandemic levels, creating additional vulnerability as the continent confronts escalating American trade pressure. This economic weakness undermines...

UK Customs Revenue Declines Despite Chinese Import Surge

UK customs revenue is facing unexpected challenges despite the surge in Chinese imports, with May's 16.1% increase not translating into proportional duty collections. The...

Gold’s Value Erosion: Peace Brings Down Safe-Haven Demand

Gold experienced a clear erosion of its value on Tuesday, with prices falling more than 1%, as peace returned to the Middle East. The...

Oil Prices Find Support Amidst Truce Instability

Oil prices found support and pared back losses amidst reports of instability in the declared Israel-Iran truce. Brent crude, the international benchmark, demonstrated its...