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JP Morgan has acknowledged difficulty forecasting oil prices amid the US-Iran conflict, stating analysts cannot determine how the situation will ultimately resolve or what economic outcomes may follow.
The Federal Reserve raised interest rates by a quarter percentage point this week to combat persistent inflation, a move intended to cool spending and prices across the economy despite near-term pain for borrowers.
Fuel prices in the West of England have surged to nearly £2 per litre due to Middle East disruptions, forcing taxi drivers and other businesses to reduce profit margins while facing pressure to keep prices competitive.
Nike co-founder Phil Knight and his wife plan to donate $1.1 billion to Providence St. Vincent Medical Center in Oregon, funding women’s health initiatives and cardiovascular care across the state.
The Bank of England announced changes to its quantitative tightening programme, planning to sell government bonds directly to the Treasury rather than seeking private-sector buyers, with a final decision expected in April.
UK Chancellor John Healey will push the EU to include Britain in its “Made in Europe” industrial protection scheme at a Dublin meeting Friday, warning against new trade barriers.
