Global oil prices fell on Friday to lows not seen since the first week of the Iran crisis after Donald Trump claimed he was close to reaching a peace deal with Tehran. The price of Brent crude began to tumble from about $93 a barrel in overnight trade after the US president called off further military strikes against Iran scheduled for the evening. It traded briefly below $85 a barrel on Friday morning in fresh hope that a deal between the US and Iran could mean a reopening of the…
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Read the latest United Kingdom business news, company developments, entrepreneurship stories, market trends, trade updates, and economic insights from across the UK.
People looking to place certain bets on prediction market operator Kalshi will soon have to reveal where they work in an attempt to stop insider trading, the firm has said. The platform – which lets users bet against each other on elections, sporting events, and culture – said Tuesday it will start to collect work information from users attempting to place bets that could benefit from insider information. Kalshi said the rule will apply to “markets with heightened insider or manipulation risk.” It used as an example a possible trade…
The last remaining house in a former Welsh mining village where hundreds of people left nearly 50 years ago over landslide fears will go up for auction. More than 600 people and their pets abandoned Troedrhiwfuwch, Caerphilly County, in 1985 because of fears the village – nestled in Rhymney Valley – would be hit with a catastrophic landslip. Number 2 Lawrence Terrace is the only house left in the village and auctioneers have set its guide price at £35,000. Sean Roper, of Paul Fosh Auctions, said: “Why this otherwise ordinary…
Robotaxis will carry paying passengers for the first time on UK roads this summer, a company developing the technology said. Kaity Fischer, who leads Wayve’s self-driving cabs business, declared it was “ready to go” as in a tie-up with ride hailing app Uber in London. A human driver will initially sit behind the wheel ready to take control during journeys while the technology is demonstrated to be safe. Uber passengers will be offered self-driving vehicles at the same fare as its conventional minicabs. It has begun enabling users to express…