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Oil down more than 4% on profit taking, report of China-backed push to end US-Iran fighting

Bermuda Broadcasting Newsdesk -
Both Brent and U.S. West Texas Intermediate crude have rallied this week as the U.S. and Iran exchanged missile strikes, traffic through the Strait...
News - World

ECB facing mid-sized inflation shock, will get to 2% in year or so, Lane says

Bermuda Broadcasting Newsdesk -
The ECB left interest rates unchanged on Thursday but offered plenty of hints that more policy tightening will be needed and economists and traders...
News - World

Two policemen injured in Malta shooting

Bermuda Broadcasting Newsdesk -
A police spokesman said one of the officers had suffered serious face and neck injuries while the other one was slightly injured International News via...
News - World

Trump imposes new global tariffs, drawing protests from trading partners

Bermuda Broadcasting Newsdesk -
New tariffs had been expected, but trade partners around the world joined in strongly disputing the justification for them International News via Reuters: The United States...
News - World

Tens of thousands flee fires in France, blazes merge outside Madrid

Bermuda Broadcasting Newsdesk -
French authorities ordered the total evacuation of the Cap Ferret peninsula, a tourism hotspot on the Atlantic Coast International News via Reuters: Tens of thousands of...
News - World

BP nears deal to sell solar business to Kuwait-backed consortium, FT reports

Bermuda Broadcasting Newsdesk -
Green energy-focused private equity firm Qualitas Energy and Wren House, the infrastructure arm of Kuwait Investment Authority, have teamed up to bid for Lightsource International...
News - World

EU sanctions Iranian judges, leading cyber group figure

Bermuda Broadcasting Newsdesk -
"As Tehran intensifies its domestic crackdown, the EU will continue to hold those responsible to account," Kallas said in a statement on social media...
News - World

UK says latest US tariffs mean ‘no negative change’ for British businesses

Bermuda Broadcasting Newsdesk -
The United States imposed new import tariffs on goods from 60 trading partners on Friday, alleging they had failed to curb imports made with...
News - World

UK businesses and consumers more positive, but boost may not last

Bermuda Broadcasting Newsdesk -
The S&P Global UK Composite ‌Purchasing Managers' Index, which gives a snapshot of businesses, rose to 52.1 in July from 49.3 in June, according...
News - World

UK says armed forces ready to defend country after Iran warns over US bombers

Bermuda Broadcasting Newsdesk -
In a statement on Thursday, the IRGC said the U.S. had flown bombing missions against Iran from Fairford in southwest England, adding that any...
News - World

EU countries to restore interim measure on allowing Big Tech to fight online child pornography

Bermuda Broadcasting Newsdesk -
The move by the bloc of 27 EU countries came two weeks after EU lawmakers gave the green light to the stopgap procedure which...
Finance

Stocks sink on Big Tech cash burn; oil hits $100 for first time since May

Bermuda Broadcasting Newsdesk -
Brent crude jumped 8% to $101.76 a barrel, following attacks on tankers in the Red Sea that choked off a second crucial Middle East...
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