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Oil prices reached a five-month high as attacks on Saudi Arabian infrastructure and tanker incidents in the Persian Gulf raised concerns about potential supply disruptions to global markets.
Australia’s treasurer projects weaker economic growth and higher unemployment in December’s budget update, as economists warn of difficult months ahead amid rising interest rates and inflation pressures.
The UK opened a new tank barrel production facility in Telford on Thursday, marking the return of military manufacturing capability after two decades of reliance on foreign suppliers.
Texas, the nation’s largest oil producer, has become its top solar generator, with farmers leasing land to solar developers for substantial annual payments that help sustain their operations.
UK Chancellor John Healey will deliver Labour’s first Budget on 28 October, setting out tax and spending plans while navigating constrained options and fiscal rules.
US battery startups are developing sodium ion technology to reduce reliance on Chinese manufacturing and lithium supply chains. Companies like Unigrid, Emerald Battery Labs, and Peak Energy aim to establish domestic production capabilities for energy storage applications.
