Inventories of crude oil and its derivative products in the States were lower across the board last week amid rising exports.
Wednesday’s news that the East Coast rail franchise would once again fall into government hands marks the third time since privatisation that the high-speed route between London and Scotland has failed.
US industrial production fell short of forecasts last month despite a sharp jump in the output of business equipment.
UK government policy changes have contributed to a “dramatic and worrying” collapse in clean energy investment since 2015, a committee of MPs said on Wednesday.
UK energy users will be forced to pay an extra £1. 5bn for their green energy over the next fifteen years due to a tweak of the government’s policy on green energy subsidies, the National Audit Office has warned.
A key gauge of housing market activity in the US turned down last month, although the details of the report were somewhat stronger, according to economists.
North Korea said it will not engage in economic trade with the US in exchange for its denuclearization and threatened to cancel the upcoming summit between leader Kim Jong-Un and US president Donald Trump.
Italian bond yields rose sharply on Wednesday after a plan by the populist 5 Star and League parties leaked revealing they want to write off €250bn (£220bn) in European Central Bank debt as part of a deal to govern in coalition.
Annual inflation in the eurozone slowed to 1. 2% in April from 1. 3% the month before, well below the European Central Bank's target of close to but under 2%, data from Eurostat confirmed on Wednesday.