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.
A senior U.S. official said on Monday that the memorandum of understanding linked to the U.S.-Iran agreement had been signed by President Donald Trump, Vice President JD Vance and Iranian Parliament Speaker Mohammad Bagher Qalibaf.
A strong 6.7-magnitude earthquake struck Indonesia's Sulawesi island early Tuesday, killing at least one person and injuring four, according to emergency authorities.
U.S. President Donald Trump said a preliminary agreement to end the war in the Gulf has been signed by the U.S. and Iran, though details have yet to be made public and both countries said a permanent truce is yet to be negotiated.
U.S. President Donald Trump on Tuesday issued a rare public rebuke of Israel's military tactics in Lebanon targeting Hezbollah militants, saying it was unnecessary to bomb entire apartment buildings to hunt militants.
Ukraine has said it struck an oil refinery in Russia’s Moscow region, marking one of the deepest reported attacks into Russian territory in recent months.
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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