5h ago
North Sea strikes could severely disrupt UK fuel supplies, union warns
More than 160 offshore rig workers plan walkout amid rising tensions between unions and oil companies
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10-14
‘From liabilities to goldmines’: refineries eye record profits from diesel shortage
Firms turning crude oil into the ‘workhorse’ fuel stand to gain most despite economic fallout from record prices
10-13
Chip stocks slide after Broadcom boss likens AI investing to ‘casino’
Asian markets fall and Samsung shares tumble after its Chinese rival CXMT claims strong progress
10-9
Brent slips 1.3% after Trump pledges pause in Iran strikes and China resumes fuel exports
Brent crude fell 1.3% on Friday after Donald Trump said the US would not attack Iran before the US midterm elections and as China restarted fuel exports. European equities traded higher, with the FTSE 100 up 0.8%, France’s CAC 40 up 0.77% and Germany’s DAX up 1.07%. US stock index futures pointed to a firmer open on Wall Street.
10-8
Middle East tanker attacks and Storm Isaias lift Brent above $104 a barrel, pushing bond yields up and stocks down
Escalating tanker attacks in the Middle East and the approach of Storm Isaias toward the Gulf of Mexico have constrained U.S. crude output, lifting Brent above $104 a barrel. Higher energy costs have driven bond yields higher, with the 30-year government bond yield rising to 6.0117%. Global stock markets have come under pressure and moved lower.
9-30
Australia’s inflation rises to 4% in year to August; Chalmers cites fuel costs and expiring energy rebates
Australia’s consumer price index rose to 4% in the year to August, up from 3.5% in July, while underlying inflation held at 3.6%, according to the Australian Bureau of Statistics. Treasurer Jim Chalmers attributed the increase to higher fuel costs and the unwinding of last year’s energy rebates. Both readings remain well above the central bank’s 2.5% target band. Markets are concerned sticky inflation could force the Reserve Bank to raise rates again.
9-30
OpenAI debuts ‘dots’ AI agent after halting GPT6.1 Astra release over safety concerns
After cancelling the launch of the GPT-6.1 Astra model over safety concerns, OpenAI introduced a new AI agent tool called Dots powered by GPT-6 Astra. The app is now available in the US and has been downloaded more than 3m times. The company’s CEO also said another model, GPT-6.1 Sol, is cheaper and outperforms Astra in many areas.
9-29
Anthropic IPO filing flags ‘existential risks to humanity’ from AI as revenue hit nearly $4.6bn in 2025
Anthropic’s IPO prospectus warns that advanced AI could pose “catastrophic or existential risks to humanity,” as the Claude chatbot maker pursues a flotation that could value it at more than $2tn. The filing shows revenue grew 12fold in 2025 to nearly $4.6bn, while its operating loss widened to over $8bn from nearly $3bn in 2024. Separately, AstraZeneca said it will invest $2bn in Summit Therapeutics in a cancer drug collaboration. Vesuvius shares jumped almost 25% and the 10-year UK gilt yield fell 4.4 basis points to 5.385%.
9-23
Oil extends slide to a sixth session, with Brent dropping below $100 a barrel amid US-Iran talks hopes
International oil prices fell for a sixth consecutive session, with Brent crude slipping below $100 a barrel to a more than two-week low. Reports said Saudi Arabia has restarted its east-west oil pipeline, lifting expectations of additional Middle East supply. Hopes for progress in negotiations between the United States and Iran also eased supply concerns and weighed on prices.
