Funding & Business
Oil Edges Higher as EU Agrees to US Trade Deal Ahead of Deadline
Oil rose after the US and European Union agreed on a trade deal ahead of President Donald Trump’s tariff deadline of Aug. 1.
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President Donald Trump expects to announce economic deals totaling more than $10 billion during his trip to the United Kingdom, according to senior US officials. Some of the deals are expected to be rolled out at a business reception hosted by Chancellor of the Exchequer Rachel Reeves and featuring both Trump and British Prime Minister Keir Starmer. Bloomberg’s Rosalind Mathieson reports.
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FTSE 100 Live: Pound Rises Ahead of UK Jobs Data
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The world needs to spend some $540 billion a year looking for oil and gas to maintain current output by 2050, according to the International Energy Agency.
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