Task for the week: limit the fallout from biggest oil shock in decades
As World Bank and IMF chiefs gather in Washington, the Iran war is driving up energy prices, fuelling inflation and testing voters’ patience
By Mehedi Hasan Sajal · 4/12/2026
Category
Business
20 articles
Reform UK Deputy Leader Embroiled in Tax Dispute
Richard Tice's property company failed to pay £91,000 in tax, sparking a row over integrity and credibility. Tice claims it was a 'minor administrative error'.
By Mehedi Hasan Sajal · 4/12/2026
US-Iran Peace Talks Collapse, Sparking Fears of Prolonged Energy Crisis
The failure of US-Iran talks has put markets on alert for further oil and gas price rises, with analysts predicting a rocky open for energy markets. Oil prices are expected to stay high, above $100 a barrel, in the second quarter.
By Mehedi Hasan Sajal · 4/12/2026
GSK reports promising early results in ovarian and womb cancer drug trial
Mo-Rez reduced or eliminated tumours in over 60% of patients and is expected to be a blockbuster drug
By Mehedi Hasan Sajal · 4/12/2026
Electric Vehicle Interest Soars in Europe Amid Rising Fuel Costs
Car buyers in Europe are increasingly turning to electric vehicles as fuel prices surge following the Iran war. Online marketplaces report significant spikes in EV inquiries.
By Mehedi Hasan Sajal · 4/12/2026
UK Plans to Adopt EU Single Market Rules Without Full Parliamentary Approval
The UK government is planning to introduce legislation that could allow the adoption of EU single market rules without a full parliamentary vote, as part of a broader effort to reset relations with the EU.
By Mehedi Hasan Sajal · 4/12/2026
Britain Embraces Rise of Chinese Car Imports Amid Shift to Electric Vehicles
The UK government is relaxed about the surge in Chinese car imports, seeing it as an opportunity for investment and jobs. Chinese-owned brands now make up 15% of new UK cars, up from 1.3% five years ago.
By Mehedi Hasan Sajal · 4/12/2026
British Steel's Future Hangs in Balance as Nationalisation Looms
British Steel needs to be nationalised by summer if a deal with its Chinese owner fails, says Scunthorpe MP Nic Dakin. The company's fate remains unresolved a year after the government intervened.
By Mehedi Hasan Sajal · 4/12/2026
Jet Fuel Crisis Looms Over Europe as Strait of Hormuz Remains Closed
Europe faces jet fuel shortages if the Strait of Hormuz doesn't reopen within three weeks, warns the Airports Council International Europe. This could severely disrupt airport operations and air connectivity.
By Mehedi Hasan Sajal · 4/12/2026
Tanker Operators Advised Against Paying Iran's Strait of Hormuz Fee
Tanker firms are being warned not to pay a fee to Iran for safe passage through the Strait of Hormuz. The advice comes after a ceasefire agreement failed to get traffic moving through the waterway.
By Mehedi Hasan Sajal · 4/12/2026
The FAA wants gamers to apply for air traffic control jobs
A new government ad campaign is trying to persuade gamers to apply for air safety roles.
By Mehedi Hasan Sajal · 4/12/2026
Texas Sets Sights on London Businesses with New Office
The US state of Texas has launched a dedicated London office to attract jobs and investment, touting its low-tax environment and business incentives. The move is part of Texas's broader efforts to expand its economic presence beyond American borders.
By Mehedi Hasan Sajal · 4/12/2026
Luxury Matchboxes Spark Joy Amidst Economic Pressures
High-end matchboxes are experiencing a surge in popularity, with sales up 121% year-on-year at Selfridges, as consumers seek affordable indulgences. The trend reflects a desire for small, affordable pockets of joy to brighten their day.
By Mehedi Hasan Sajal · 4/12/2026
Green Energy Demand Surges in Great Britain Amid Soaring Fuel Prices
A record number of homes in Great Britain are turning to green energy upgrades as fuel prices soar due to the Iran crisis. Households are seeking to reduce their reliance on fossil fuels and lower their energy bills.
By Mehedi Hasan Sajal · 4/12/2026
UK Housing Market Faces Uncertainty as Iran War Impacts Buyer Confidence
The UK housing market is experiencing a downturn in confidence due to the Iran war, with sellers facing difficulties and prices slumping. The conflict has led to a decrease in mortgage products and an increase in interest rates, causing buyers to hesitate.
By Mehedi Hasan Sajal · 4/12/2026
Kodak's Revival: How a Legendary Film Company is Turning Around its Business
Kodak, once on the brink of bankruptcy, is experiencing a resurgence thanks to its film business and a new strategy under CEO Jim Continenza. The company's fourth-quarter gross profit saw a 31% increase from the year prior.
By Mehedi Hasan Sajal · 4/12/2026
Private Jets Flock to the Masters, Bringing Luxury and Competition
The Masters Tournament has become a key event for private jet companies, with thousands of flights expected and lavish hospitality events. Demand is high, with NetJets expecting over 775 flights and Flexjet projecting 350 to 400 flights.
By Mehedi Hasan Sajal · 4/12/2026
NFL Faces Antitrust Probe Over Media Rights Deals
The US Department of Justice has launched an investigation into the NFL over potential anticompetitive tactics in its media rights packages. The probe comes as the league renegotiates its deals with broadcast networks.
By Mehedi Hasan Sajal · 4/12/2026
Kia Sets Sights on US Pickup Truck Market with New Model by 2030
Kia plans to launch a US pickup truck by 2030, targeting the lucrative midsize segment. The company aims to sell 90,000 pickups a year in North America.
By Mehedi Hasan Sajal · 4/12/2026
Disney to Cut Up to 1,000 Jobs in Latest Cost-Cutting Move
Disney plans to lay off as many as 1,000 employees, primarily in its marketing department, as part of its ongoing cost-cutting efforts under new CEO Josh D'Amaro. The move follows a major restructuring and job cut initiative last year.
By Mehedi Hasan Sajal · 4/12/2026