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US-Iran Tensions Push Oil Prices Higher as Diesel Margins Hit Records

US-Iran Tensions Push Oil Prices Higher as Diesel Margins Hit Records

Escalating geopolitical tensions between the United States and Iran have sent crude oil prices climbing, while U.S. diesel profit margins surpassed $100 per barrel.

Business ·18 Aug 2026, 08:42 ·Maeve Turner 4 min read
Wessex Water imposes first hosepipe ban in 50 years after drought declaration

Wessex Water imposes first hosepipe ban in 50 years after drought declaration

Wessex Water has introduced its first hosepipe ban in 50 years, placing temporary restrictions on millions of residents following a formal drought declaration.

Business ·18 Aug 2026, 08:37 ·Maeve Turner 3 min read
Horizon Industrial Parks IPO opens with 2% subscription, GMP ~7% premium

Horizon Industrial Parks IPO opens with 2% subscription, GMP ~7% premium

The Blackstone-backed Horizon Industrial Parks IPO opened with a muted response and a modest grey market premium, aiming to raise Rs 2,600 crore.

Business ·18 Aug 2026, 07:37 ·Maeve Turner 5 min read
S&P 500 Falls as Iran Risks Outweigh Renewed Optimism Over AI Stocks

S&P 500 Falls as Iran Risks Outweigh Renewed Optimism Over AI Stocks

Wall Street indexes slid as rising Middle East tensions and surging oil prices overshadowed optimism surrounding artificial intelligence and chip stocks.

Business ·18 Aug 2026, 00:38 ·Maeve Turner 4 min read
US 30-year Treasury yields hit highest level since 2007 on bond selloff

US 30-year Treasury yields hit highest level since 2007 on bond selloff

US 30-year Treasury yields climbed to 5.29% amid mounting national debt concerns, heavy bond supplies, and surging corporate borrowing to fund the artificial intelligence boom.

Business ·17 Aug 2026, 23:46 ·Maeve Turner 3 min read
China industrial output and retail sales slump amid growing economic slowdown

China industrial output and retail sales slump amid growing economic slowdown

China's industrial output and retail sales growth slowed in July amid extreme weather and weak domestic demand, increasing pressure on policymakers for support.

Business ·17 Aug 2026, 20:40 ·Maeve Turner 4 min read
Advanced economies' bond yields surge amid Middle East tensions

Advanced economies' bond yields surge amid Middle East tensions

Long-term government borrowing costs across major advanced economies surged to levels unseen since the 2008 financial crisis, driven by geopolitical tensions and inflation fears.

Business ·17 Aug 2026, 18:35 ·Maeve Turner 4 min read
Plus500 upgraded to buy by Cavendish as shares rise 1.2%

Plus500 upgraded to buy by Cavendish as shares rise 1.2%

Cavendish upgraded Plus500 to a buy rating, arguing that a recent 25% share price slide leaves the fintech group undervalued despite strong US growth.

Business ·17 Aug 2026, 15:42 ·Maeve Turner 4 min read
Ferrari’s first electric car sells for £30m

Ferrari’s first electric car sells for £30m

Despite facing heavy criticism and mockery upon its initial unveiling, Ferrari's first all-electric car, the Luce, shattered expectations at a charity auction in California.

Business ·17 Aug 2026, 05:32 ·Maeve Turner 3 min read
Donald Trump Posts AI Images with George Washington Amid USS Lincoln Crisis

Donald Trump Posts AI Images with George Washington Amid USS Lincoln Crisis

Donald Trump posted AI images featuring George Washington while military families spoke out against severe psychological distress and dangerous conditions aboard the USS Abraham Lincoln.

Business ·16 Aug 2026, 23:36 ·Maeve Turner 3 min read
Amber to start making Oppo, OnePlus, Realme phones in March 2027 quarter

Amber to start making Oppo, OnePlus, Realme phones in March 2027 quarter

Amber Enterprises India is entering the mobile sector through a manufacturing partnership with Oppo Mobiles India to produce Oppo, OnePlus, and Realme devices.

Business ·16 Aug 2026, 14:32 ·Maeve Turner 3 min read
Nvidia scales back funding guarantee

Nvidia scales back funding guarantee

Nvidia has significantly reduced its proposed financial backing for a massive Ohio AI data centre project, cutting its initial guarantee to under $120 billion.

Business ·16 Aug 2026, 10:32 ·Maeve Turner 3 min read
Harvard Discloses $2.2 Billion SpaceX Stake After Record IPO

Harvard Discloses $2.2 Billion SpaceX Stake After Record IPO

Regulatory disclosures reveal that the Harvard Management Company holds millions of shares in SpaceX, making the aerospace firm its largest disclosed holding.

Business ·16 Aug 2026, 05:35 ·Maeve Turner 3 min read
Anthropic details Claude watermark system using Google SynthID tech

Anthropic details Claude watermark system using Google SynthID tech

Anthropic has released technical details about its new text watermarking system for Claude, utilizing a version of Google's SynthID technology to comply with EU rules.

Business ·15 Aug 2026, 23:37 ·Maeve Turner 3 min read
Nvidia has US$21 billion SpaceX stake, US$30 billion in Intel shares

Nvidia has US$21 billion SpaceX stake, US$30 billion in Intel shares

A regulatory filing reveals Nvidia holds a massive $63.4 billion stock portfolio, anchored by multibillion-dollar stakes in SpaceX and Intel.

Business ·15 Aug 2026, 22:42 ·Maeve Turner 3 min read
National Lottery Lotto and Thunderball winning numbers for August 15

National Lottery Lotto and Thunderball winning numbers for August 15

Find the winning numbers for the National Lottery Lotto and Thunderball draws, featuring an estimated £3.5m jackpot and the new two-round format.

Business ·15 Aug 2026, 22:34 ·Maeve Turner 3 min read
English parents face court hearings over rising school absence rates

English parents face court hearings over rising school absence rates

English parents are facing magistrates' courts over rising school absence rates as local authorities crack down on persistent non-attendance following pandemic disruptions.

Business ·15 Aug 2026, 15:34 ·Maeve Turner 3 min read
Mastercard global payment outage resolved after system update

Mastercard global payment outage resolved after system update

A global Mastercard technical glitch halted digital wallets, Apple Pay, and tap-and-go transactions across Australia on Saturday, leaving shoppers stranded at registers before being resolved.

Business ·15 Aug 2026, 12:35 ·Maeve Turner 3 min read
Mahindra launches BE 6 Sporteq electric SUV with revised interior and new battery

Mahindra launches BE 6 Sporteq electric SUV with revised interior and new battery

Mahindra has expanded its electric vehicle lineup with the updated BE 6 SPORTEQ series, offering a new 70kWh battery option and interior revisions.

Business ·15 Aug 2026, 09:35 ·Maeve Turner 4 min read
Wall Street hits record high as tech earnings and falling oil prices lift US markets

Wall Street hits record high as tech earnings and falling oil prices lift US markets

Wall Street surged to record highs as strong corporate earnings from artificial intelligence firms and falling crude oil prices boosted major US equities.

Business ·15 Aug 2026, 01:35 ·Maeve Turner 3 min read