In this episode of World Business, we track the global forces driving market volatility and consumer uncertainty. Oil prices spiked following reports that Israel may be preparing an airstrike on Iran’s nuclear facilities—raising fears of disruption to vital Gulf supply routes and triggering a 1.5% jump in Brent Crude. Analysts warn any escalation could reshape energy flows across the region. Meanwhile, UK inflation has come in hotter than expected.
The April reading hit 3.5%, up from 2.6% in March—casting doubt on the Bank of England’s path to interest rate cuts and sparking fresh concern over the cost-of-living crisis. And we turn to consumer activism with a timely interview: Sarah Brazier, Head of Campaigns at the Fairtrade Foundation, joins us on International Tea Day to unveil their new campaign focused on the tea industry.
From ethical sourcing to climate resilience, she explains how Fairtrade is adapting to meet the moment—and why UK shoppers still hold the power to drive global change. From geopolitics to grocery aisles, this is the business of fairness, stability, and survival. Tags: oil prices, Israel Iran tension, UK inflation, Bank of England, Fairtrade, Fairtrade tea, Sarah Brazier, ethical consumerism, Brent crude, cost of living, World Business, economic news, interest rate cuts, inflation UK, Middle East oil routes.
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BP has removed its chair, Albert Manifold, with immediate effect, citing concerns over governance and conduct. The company said its board had unanimously decided that Manifold should no longer serve as chair or director.
Five Azerbaijani crew members were killed, and three others were injured after two cargo vessels were hit in a drone attack in the Sea of Azov, Azerbaijan's Foreign Ministry said on Friday, as Russia blamed Ukraine for the strike.
The new AnewZ documentary, TARGET: Yerevan, builds its explosive case on exclusive, secret recordings originally published by Minval Politika.
Azerbaijan has strongly rejected allegations published by CNN claiming that its territory was used for Israeli military and intelligence operations against Iran, describing the report as entirely baseless and demanding a retraction.
More than 6,000 people gathered outside a vote-counting centre in Seoul on Friday night, demanding this week’s local elections be repeated after ballot shortages left some voters unable to cast their ballots.
Armenia will hold parliamentary elections on 7 June 2026, a vote that will shape the country’s political direction for the next five years. Understanding how the electoral system converts votes into parliamentary power is key to following the outcome and its wider regional implications.
In a special edition of Context, Orkhan Amashov reports from Washington on the inaugural meeting of the Board of Peace, examining plans for Gaza’s reconstruction, a proposed stabilisation force, and the wider diplomatic impact of the U.S.-led initiative.
Here are the latest stories from AnewZ’s Africa News programme, focusing on political and security developments across the African continent.
Here are the latest stories from AnewZ’s Africa News programme, focusing on political and security developments across the African continent.
The following story summaries are from AnewZ’s Africa News programme, focusing on political and security developments across Africa and beyond.
In today’s Prime Time, we covered the following conversations: Azerbaijan has shipped petroleum products to Armenia by rail for the first time in decades, marking a significant step toward economic cooperation and regional integration in the South Caucasus.
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