📈Markets

BP has decided to sell its North Sea business, marking the end of 60 years of oil production in the region following a review of its operations.

FIFA has abandoned its $20bn investment plan after acknowledging it created divisions that no longer aligned with the organization's goals.

The UK government plans to give mayors a share of income tax revenue from 2028, as part of efforts to decentralize power from Westminster.

US President Trump has threatened to take action against Iran in response to a reported ballistic missile attack on US military installations in the Middle East.

Frasers Group, owned by Mike Ashley, has disclosed a 4% stake in Burberry as part of its efforts to expand into the luxury market.

Investors are showing signs of caution, potentially indicating a shift away from recent market volatility and speculation.

The US Treasury undertook a historic intervention in the yen market by selling euros to buy yen, following speculation that Tokyo had intervened to support Japan's currency.

A top central bank official, Alberto Musalem, stated that the bond sell-off sent a warning about the Federal Reserve's credibility, and he supported calls for a quarter-point interest rate rise.

Leopold Aschenbrenner's predictions about AI-related stocks were incorrect, and he made a significant loss due to funding the trades with debt.

A report suggests that the shared threat of external enemies could lead to increased cooperation and reduced polarization within Western societies in the future.

The UK's FTSE 100 index reached a record high in July, resulting in a surge of trades on investment platforms as investors took advantage of the increased market activity.

The EU has introduced new regulations requiring companies to label chatbots, deepfakes, and AI-generated marketing material to increase transparency and accountability.

New UK Prime Minister Burnham has adopted a positive tone in the first two weeks of office, which has helped the Labour Party gain ground in some polls.

Google Earth has removed an AI tool that generated fake satellite images, raising concerns among security experts about the potential for eroding trust in satellite imagery used to verify conflict damage.

Amazon has completed a $50 billion investment in OpenAI, acquiring a roughly 5% stake in the AI laboratory through an equity deal.

Hedge fund Citadel acquired Situational Awareness, helping to stabilize the tech sector and alleviate investor concerns about a potential $3 trillion decline in AI-related stocks.

Labour's Bev Craig has been elected as the new mayor of Greater Manchester, defeating Reform UK candidate in a second-round run-off.

A prolonged period of hot weather across Europe has led to widespread wildfires, highlighting the need for climate change adaptation strategies to be prioritized alongside mitigation efforts.

Wetherspoons' discounting pricing model, which has been a key factor in the chain's success, is facing challenges due to rising costs in the UK.

Approximately 60,000 migrants crossed from Morocco to Ceuta, a Spanish territory on the North African coast, after preparing for days to reach the beach.

The manager of Situational Awareness, an AI hedge fund, has announced that the fund lost 67% of its value in July, but plans to learn from the experience.

How Fifa’s proposal to open up the global game to investors unfolded — and invited a backlash that could yet topple its controversial president

The UK's climate goals are becoming a point of contention among mainstream parties as the country experiences heat-related deaths and wildfires, highlighting the urgency of achieving net zero.

A large wildfire swept across heathland in Suffolk, forcing evacuations and threatening a nuclear power plant, but the situation has been brought under control.

FIFA's potential stake sale may be viable, but the current price is a concern, highlighting the complexities of commercialization and its potential impact on the organization's integrity.

Chancellor Jeremy Healey has announced that he will deliver the Budget on October 28, while sticking to Labour's fiscal rules and shifting power and money away from Westminster.

A London court has ruled against residents who sought to block the construction of a new Chinese embassy, dismissing their concerns about potential use against dissidents.

Recent market volatility is attributed to the economic reality of the current situation, rather than any issues with the adoption of artificial intelligence.

Three members of the US Federal Reserve dissented from the majority decision to keep interest rates steady, citing concerns about inflation.

Chevron and Exxon have reported significant increases in earnings, despite growing political pressure from the US government ahead of the midterm elections.