US inflation spikes,
Energy prices soar high—
Iran's conflict rages.
Energy prices soar high—
Iran's conflict rages.
The key measure of US inflation rises its highest level since May 2023 as consumers feel the impact of the Iran war.
Category: Business
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UK borrowing costs jump as uncertainty over PM’s future continues
Bond yields now rise,
UK's leaders face turmoil,
Investors on edge.The possibility of a change of leadership in the UK has unsettled some investors and sent bond yields higher.
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How driving test booking is changing for learner drivers
Learners take the wheel,
From May, they book their tests solo,
Instructors step back.From 12 May, only learner drivers can book their own tests, not instructors.
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British Steel nationalisation plans announced by Starmer
Starmer plans to state,
Nationalise British Steel soon,
Legislation in hand.The steelworks has been under government control for almost a year, but leglistation to nationalise it will be put forward this week.
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Oil prices jump after Trump dismisses Iran proposal to end war
Trump spurns Iran's peace,
Strait of Hormuz choked with fear—
Oil prices surge high.The Strait of Hormuz waterway remains effectively shut, severely disrupting global energy shipments.
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US jobs data beats expectations for second month in a row
Jobs in the US rise,
Gas prices climb, wars rage on—
Yet growth holds its ground.The solid figures came despite rising gas prices and economic uncertainty sparked by the Iran war.
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The companies making billions from the Iran war
Firms rake in the gold,
As Iran’s conflict unfolds,
Stocks on the rise bold.Through surging profits or soaring share prices, the war has been a boon for some firms.
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Major train operator to be renationalised in months
GWR returns home,
Government reins take the stage,
Trains bound for control.GWR, which runs trains between London and South Wales, will come under government control.
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The UK is set for a staycation summer – and there are plenty of hidden gems
UK stays on the rise,
Seasoned travelers share gems,
Airbnb shines bright.Seasoned staycationers share their favourite spots as Airbnb and Booking.com say interest in UK stays are up on last year.
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US jet fuel could be used in Europe to ease possible shortages
US jet fuel accepted,
Europe seeks to ease the strain—
Aviation’s lifeline.An international air body suggests wider acceptance of US-grade jet fuel could help to head off any supply problems.