Larry Fink, chief executive of asset manager BlackRock, warned that oil at around $150 a barrel would likely push the global economy into a deep downturn.He told the BBC that if tensions with Iran persist and energy prices remain elevated, the fallout would be severe for growth and living standards.Fink, who runs a firm with about $14 trillion under management, outlined two broad paths for the...

President Donald Trump said there were "very strong talks" with Iran and hinted at a chance for a full halt to hostilities, but Tehran quickly denied any formal negotiations and described the claims as misleading.What exists so far are tentative, low‑level contacts rather than a clear breakthrough.Officials familiar with past discussions say exchanges between Iranian foreign minister Abbas...

Mortgage borrowers, and first-time buyers in particular, are facing a sudden squeeze as lenders withdraw low-deposit deals and interest rates climb sharply.Industry data show more than 200 low-deposit mortgage products have been removed since 6 March, with one day seeing 52 deals pulled and another 30 taken off the market.Overall, over 20% of products available at the start of the month are no...

The Competition and Markets Authority has announced new rules forcing vets to be clearer about what they charge and who owns them.Under the reforms, written prescription fees will be limited to £21 for the first medicine and £12.50 for each additional item.Practices will also need to publish clear price lists for common services such as consultations, routine procedures and cremation. A...

Slovenia has moved to limit how much fuel each motorist can buy, becoming the first EU member state to introduce nationwide rationing as regional tensions push up prices.The government says the measure responds to market disruptions driven by recent strikes in the Middle East that have shaken global energy supplies and sent pump prices higher.Under the new rules, private drivers may purchase up...

France's Socialist incumbents held onto the country's four biggest cities — Paris, Marseille, Lyon and Lille — in local elections that offered a boost to established parties ahead of next year's presidential contest.The results suggested a retreat from political extremes in many urban centres, even as the far left and far right made selective advances in other areas.Parties across the...

Two Russian men are set to stand trial in Angola, accused of running a covert campaign to sow dissent, spread false information and interfere in next year’s presidential vote.Igor Ratchin and Lev Lakshtanov were detained in August and face 11 counts including terrorism, espionage and illicit influence.Angolan prosecutors say their activities were part of a wider operation tied to a network that...

Chancellor Rachel Reeves will tell MPs how the UK plans to respond if the war in the Middle East pushes energy bills higher.Her Commons statement will cover three main areas: a short assessment of the economic fallout, measures to bolster energy security, and the principles that would guide any future household support.On energy security, Reeves will recommit the government to building more...

Postal staff around the UK have told the BBC that managers instructed them to remove or stash first-class letters so rounds appeared completed, a practice they say has helped mask missed delivery targets.The claims come from ten postal workers who spoke anonymously to BBC Your Voice.They described mail being put on trolleys or moved out of sight and returned the next day when inspections or...

Italy’s governing coalition suffered a surprising blow as voters rejected a constitutional reform in a weekend referendum, handing Prime Minister Giorgia Meloni a significant political defeat.Preliminary results showed roughly 54% voting against the proposal and about 46% in favour, with turnout close to 60%.Early exit polling pointed to a narrow lead for the no camp that widened as counting...