Ferrari SF90 XX Spider limited edition plug in hybrid supercar parked on the pavement as a red Ferrari passes on Bond Street on 4th January 2026 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images A global base oils shortage is starting to filter through to drivers of luxury cars, with analysts …
Oil tankers and gas tankers were affected by the closure of the Strait of Hormuz, leading to a global energy crisis stemming from the war in the Middle East. Photos For You | Moment | Getty Images Oil prices advanced again on Wednesday as traders balanced the United Arab Emirates’ shock departure from OPEC with …
Stock picture of a British Airways plane taking off from London Heathrow Airport. Stefan Rousseau – Pa Images | Pa Images | Getty Images Europe’s airline industry is at risk of a “systemic” jet fuel shortage in the next few weeks if the Strait of Hormuz blockade continues, with the potential of hundreds of flight …
Iranian Parliament Speaker, Mohammad Bagher Ghalibaf, gestures while speaking with media in a media conference at a conference hall in the Iranian Parliament building in Tehran, Iran, on Dec. 2, 2025. Morteza Nikoubazl | Nurphoto | Getty Images Hello, this is Anniek Bao writing to you from Singapore. Welcome to another edition of CNBC’s Daily …
Huel makes vegan, powdered meal replacements, catering to people who “deem themselves time-poor” but want healthy, environmentally sustainable meals. Source: Huel French food and beverage maker Danone said Monday it’s set to buy protein drinks maker Huel as a more health-conscious younger generation and the rise of weight-loss drugs pushes companies to rethink what people …
The energy price shock that followed Russia’s invasion of Ukraine four years ago is fresh in the minds of European policymakers as the conflict in Iran once again drives oil and gas prices higher. Experts, however, think this time could be different. Fears of a full-blown energy crisis on that scale — which saw oil …
View along Threadneedle Street towards the Bank of England in the City of London on 25th February 2026 in London, United Kingdom. The Bank of England is the central bank of the UK and is responsible for setting interest rates. Mike Kemp | In Pictures | Getty Images A widening Middle East conflict has posed …
A wheel loader operator fills a truck with ore at the MP Materials rare earth mine in Mountain Pass, California, U.S. January 30, 2020. Steve Marcus | Reuters A new race to secure critical minerals is unfolding across the global economy. From Washington’s proposed $12 billion Project Vault stockpile to expanding buffers in Asia and …
The People’s Bank of China (PBOC) building in Beijing, China, on Tuesday, April 18, 2023. Bloomberg | Getty Images China’s central bank kept its benchmark lending rates unchanged Tuesday as authorities navigate a balancing act of supporting a slowing economy while maintaining currency stability. The People’s Bank of China held its 1-year and 5-year loan …