Business

 US Interest in Electric Vehicles Climbs as Suburban Commuters Do the $3.90 Gas Math

The quintessential American suburban commuter — 30 miles to work, gasoline fill-up twice a week, reasonable credit, modest savings — has never had a more compelling reason to consider an electric vehicle. At $3.90 per gallon, the monthly fuel cost for a typical suburban commute has reached levels that are turning US interest in electric vehicles from an aspirational consideration into a financially motivated...

US Oil Prices Hit by Double Blow as Iran Strikes and Blockades Cripple Supply

  US oil prices have been hit by a double blow as Iran strikes and blockades simultaneously cripple global oil supply, sending pump prices toward record territory as the conflict enters its third week. Analyst Patrick De Haan projects that Monday's US pump price could reach $3.85 per gallon, while $4 gasoline remains a near-term possibility. The confluence of targeted infrastructure attacks and strategic shipping...

Chery Opens Liverpool European Base in Strategic Automotive Investment

Chinese automotive manufacturer Chery is opening its European research and development headquarters in Liverpool, consolidating European commercial vehicle operations on Merseyside. The state-owned carmaker...

EasyJet CEO Declares EU Cabin Baggage Laws Ignore Aviation Safety Requirements

EasyJet's chief executive has raised concerns that European Union baggage proposals may not adequately consider the safety requirements and weight distribution needs of aircraft...

Trump Drops 25% Tariff Bombshell on South Korea Over Legislative Gridlock

Donald Trump has dropped a bombshell on South Korea, threatening to impose 25% tariffs on major exports unless Seoul's legislature breaks through gridlock on...

Germany’s Foreign-Held Gold Sparks Fresh Economic Concerns

Germany’s foreign-held gold is sparking fresh economic concerns among experts. Attention is focused on the potential impact of political unpredictability. Nearly €164 billion worth of...

New Era of Zero Tariffs Vanishes as Parliament Acts

European lawmakers have formally halted the US trade agreement ratification, challenging President Trump's attempt to condition tariff policy on European support for his Greenland...

Gold Hits $4,671 and Silver Climbs to $93 as 10% Initial Tariff Phase Approaches February Deadline

Precious metal markets carved historic territory on Monday as both gold and silver achieved unprecedented price levels with less than two weeks remaining before...

Incoming CEO O’Neill Handed Clean Slate with BP’s $5bn Cut

Incoming CEO Meg O’Neill is being handed a clean slate at BP, following the company’s decision to write down $5 billion of green energy...

China Warns “No Winners” as Trump Hits Iran Partners with Tariffs

"Tariff wars and trade wars have no winners," warned a spokesperson for the Chinese embassy in Washington, as President Donald Trump imposed a 25%...

Working Families in Focus: Trump’s 10% Rate Cap Plan

Donald Trump has placed working families at the center of his economic agenda with the announcement of a 10% cap on credit card interest...

Trump’s Venezuela Announcement Draws Muted Oil Industry Response

President Trump's bold declaration that US oil companies are ready to invest billions in Venezuela has generated conspicuously little enthusiasm from the energy industry....

Energy Markets Suffer Unprecedented Consecutive Losses

The global oil industry has recorded its steepest annual price decline since COVID-19 struck in 2020, with values plummeting approximately 20% during 2025. This...