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NEW YORK (AP) — Volley after volley of tariffs — and at times on-again, off-again trade actions — have put companies around the world on edge. And a handful of major retailers have already raised prices across the U.S., or warned of future hikes.President Donald Trump has slapped new import taxes on nearly all of America’s trading partners and a range of sector-specific goods in recent months — all while some targeted countries, notably China, have responded with their own retaliatory duties. While many of those steepest tariffs have since been paused or reduced, scores of other remaining levies have…

Oil prices have risen strongly over the past week, analysts at Standard Chartered Bank, including the company’s commodities research head Paul Horsnell, said in a report sent to Rigzone by Horsnell late Tuesday. “At [the] time of writing they had gained more than $8 per barrel from their 5 May low of $58.50 per barrel, breaking above a series of key Fibonacci retracement levels and the 20-day moving average in the process,” the analysts said in the report. “The 14-day Relative Strength Index stood at a near-neutral 51.0 at settlement on 12 May, adding to a market sense of short-term…

Happy almost Friday! It’s not TV. It’s HBO, HBO Go, HBO Now, HBO Max, Max, HBO Max. The TV brand that brought us “The Sopranos” and “Sex and The City” is rebranding its streamer … again. BI’s Peter Kafka has more on all the flip-flopping and why, jokes aside, it’s acknowledgment of a deal gone bad. (At least HBO is leaning into the joke.)In today’s big story, Meta will pay you $50 an hour to help make its avatars more realistic. Which begs the bigger question: How much would you need to be paid to train AI on something you’re…

Daily Light Crude Oil Futures Tuesday’s rally stalled at $63.90, precisely where resistance from the pivot at $63.06 and the 50-day moving average at $63.70 converged. The failure to break higher triggered aggressive selling, with prices collapsing below key support levels. The next technical focus is the minor pivot at $59.60—how traders respond here will shape near-term direction. Bulls may attempt to defend this level to carve out a higher low, while bears are targeting deeper support levels at $55.30 and $54.48 to force out weaker long positions. U.S.-Iran Nuclear Deal Expectations Weigh on Sentiment Market pressure intensified after comments…

Environmental sustainability concerns play a considerable role in the career and consumption choices of Gen Zs and Millennials, with seven out of ten reporting that companies’ environmental credentials are important to choosing employers, and nearly two-thirds saying they are willing to pay more for sustainable products, according to a new survey by global professional services firm Deloitte. For the report, the 2025 Gen Z and Millennial Survey, Deloitte surveyed more than 23,400 Gen Z (those born between 1995 – 2005) and millennial (born 1983 – 1994) respondents across North America, Latin America, Western Europe, Eastern Europe, the Middle East, Africa,…

As the US prepares for what could be another record-breaking hot summer, Donald Trump and his pick to lead the nation’s workplace safety agency are expected to derail the creation of the nation’s first-ever federal labor protections from extreme heat.Trump in February nominated David Keeling to lead the Occupational Safety and Health Administration (Osha). Keeling formerly served as an executive at the United Parcel Service (UPS) and Amazon – both of which have faced citations from Osha for worker injuries and deaths amid heat exposure. The companies deny the deaths were heat-related.Under Keeling, Osha is expected to thwart heat protections.…

This article is an on-site version of our Energy Source newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday and Thursday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersHello and welcome to Energy Source, coming to you from New York.My Financial Times colleague Rachel Millard has examined a crucial part of the UK government’s effort to meet its decarbonisation goal: persuading consumers to adjust their electricity use.Financial incentives may be crucial in encouraging consumers to adjust their power consumption. Northern Powergrid, which serves parts of northern England, has been offering up to £900…

Mukesh Ambani-owned Reliance Industries has obtained a dual-currency borrowing of $2.9 billion-equivalent, the largest offshore Indian loan in over a year, as per a report by Bloomberg.About 55 lenders joined the facility, making it the largest bank group for a syndicated loan in Asia so far this year, people familiar with the matter told Bloomberg.The interest shows lenders’ appetite for quality assets in a market starved for deals. Asia Pacific ex-Japan loan volumes hit a 20-year low so far in 2025, closing about $29 billion of deals denominated in US dollars, euros and yen — also known as G3 currencies,…

In a unified appeal to the German government, a coalition of industry associations — including BDEW, AquaVentus, BEE, BWO, DWV, DVGW, FNB Gas, EEHH, EESH, Energieküste SH, HYPOS, WAB, the VDMA Association, and IG Metall (Coast District) — is calling for offshore hydrogen production through electrolysis to be fully incorporated into the country’s offshore wind expansion framework. This joint position, branded as the “Hydrogen Eight” initiative, aims to address the gap in current planning that overlooks the role offshore electrolysis could play in advancing both hydrogen supply and wind energy cost-efficiency. Offshore hydrogen production, enabled by combining submarine cables with…

INEOS Group and its partners on Wednesday named and launched what they call the first Europe-built carbon dioxide (CO2) carrier for capture and storage. Adapted for handling CO2 under pressure and at low temperatures, Carbon Destroyer 1 was built at the Royal Niestern Sander shipyard in the Netherlands to serve the Denmark-based Project Greensand. The vessel used the EasyMax design developed by Dutch shipping majors Royal Wagenborg and Royal Niestern Sander. The Project Greensand partners – diversified British company INEOS, London-based Harbour Energy PLC and Danish national oil and gas company Nordsøfonden – expect the ship and the other CCS components…