News Powered By AI
News Powered By AI
Energy bills are projected to rise nearly 4% in October and 9% in January, with industry forecasts suggesting high prices will persist through the end of the decade amid ongoing wholesale market volatility.
UK energy regulator Ofgem announced a 4% increase to the price cap effective 1 October, raising typical household bills by £60 annually amid higher wholesale gas costs tied to geopolitical tensions.
Meta has agreed to an $18 billion settlement with US states to resolve child safety claims and will implement new protections including default time limits and night-time notification blocks.
Warner Bros. Discovery’s proposed merger with Paramount faces regulatory delays and uncertainty, leaving the company unable to execute major strategic initiatives while awaiting deal closure.
The Trump administration’s export controls and tariffs, intended to protect economic security, are facing delays, legal setbacks, and widespread fraud schemes that undermine their effectiveness.
Qantas reported its lowest pre-tax profits in four years due to fuel costs, signaling potential fare increases and expanded add-on fees for budget carrier Jetstar.
