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.
Experts say COP30 failed to deliver concrete commitments on fossil fuels and deforestation despite high expectations....
The leader of Yemen’s southern separatists failed to travel to Riyadh for crisis talks on Wednesday, leaving his fate unclear and complicating effor...
A U.S. immigration agent shot and killed a 37-year-old woman in her car in Minneapolis on Wednesday, local and federal officials said, amid an expande...
Ukrainian President Volodymyr Zelenskyy has called on the United States to target Ramzan Kadyrov, the leader of Russia’s Chechnya region, with an op...
U.S. President Donald Trump said he will stop defence contractors from paying dividends or buying back shares until weapons production speeds up, crit...
Open-source intelligence (OSINT) sources reported a significant movement of U.S. military aircraft towards the Middle East in recent hours. Dozens of U.S. Air Force aerial refuelling tankers and heavy transport aircraft were observed heading eastwards, presumably to staging points in the region.
Diplomatic tensions between Tokyo and Beijing escalated as Japan slams China's export ban on dual-use goods. Markets have wobbled as fears grow over a potential rare earth embargo affecting global supply chains.
Iran’s chief justice has warned protesters there will be “no leniency for those who help the enemy against the Islamic Republic”, as rights groups reported a rising death toll during what observers describe as the country’s biggest wave of unrest in three years.
Two people have been killed after a private helicopter crashed at a recreation centre in Russia’s Perm region, Russian authorities and local media have said.
"Change is coming to Iran" according to U.S. Senator Lindsey Graham during an interview with Fox News on Tuesday (6 January). He warned Iran that "if you keep killing your people for wanting a better life, Donald Trump is going to kill you."
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.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment