Market

Published: March 17, 2026 The English Chronicle Desk The English Chronicle Online Close Brothers Group has announced plans to cut approximately 600 jobs as part of a wider cost-reduction programme aimed at delivering £85 million in savings, marking one of the most significant restructuring moves by the UK banking group in recent years. The decision forms part of a strategic review designed to streamline operations, reduce expenses, and strengthen financial...

Published: 12 March 2026. The English Chronicle Desk. The English Chronicle Online Global oil prices climbed sharply on Thursday even after governments agreed to release a record volume of crude from strategic reserves in a bid to calm markets shaken by geopolitical upheaval. The International Energy Agency (IEA) announced that 32 member countries would collectively release approximately 400 million barrels of emergency oil — the largest coordinated deployment in its...

Published: March 12, 2026 The English Chronicle Desk. The English Chronicle Online The United States has announced a major investigation into several of its key trading partners, including the European Union, China, and India, citing concerns over trade practices and market access that may disadvantage American businesses. Officials from the US Trade Representative’s office said the probe will examine tariffs, subsidies, and other trade measures that could constitute unfair practices...

Published: March 12, 2026 The English Chronicle Desk. The English Chronicle Online Britain’s traditional fish and chip shops are facing an uncertain future unless consumers become willing to eat cheaper types of fish, industry figures have warned. Rising costs, changing supply chains and environmental pressures are forcing many independent “chippies” to rethink the long-standing reliance on premium fish such as cod and haddock. Fish and chip shops have long been...

Published: March 11, 2026 The English Chronicle Desk. The English Chronicle Online The chief executive of one of the world’s largest shipping companies has told the BBC that the economic fallout from the ongoing war involving Iran will ultimately be passed on to everyday consumers through higher prices for goods and services. Vincent Clerc, head of Danish shipping giant Maersk, said sharply rising operational costs driven by the conflict are...

Published: March 10, 2026The English Chronicle DeskThe English Chronicle Online A sudden surge in global oil prices following escalating military conflict involving the United States and Israel in Iran is beginning to reverberate across the world economy. The disruption of energy supplies from the Gulf region has triggered a sharp rise in oil and gas prices, unsettling financial markets and raising concerns about inflation, supply shortages, and economic slowdown in...

Published: 9 March 2026 The English Chronicle Desk The English Chronicle Online — UK News Chancellor Rachel Reeves has been thrust into the centre of an escalating economic emergency as global markets continue to plunge, oil prices surge, and fears mount that Britain is heading into a period of severe financial instability. While the war in Iran has triggered immediate shockwaves across the world economy, senior Treasury officials now warn...

Published: 9 March 2026 The English Chronicle Desk The English Chronicle Online — Business & Economy Global financial markets were thrown into turmoil on Monday as oil prices surged to their highest levels in years, prompting the Group of Seven (G7) nations to call an emergency meeting to address the rapidly escalating energy crisis. The meeting, set to take place later today, comes amid deepening instability in the Middle East...

Published: March 5, 2026 | The English Chronicle Desk | The English Chronicle Online Uncertainty surrounding American politics is beginning to ripple through global financial markets, and one of the institutions feeling the pressure is London’s historic insurance marketplace. With the possible return of Donald Trump to the White House, analysts are increasingly questioning whether sweeping changes to United States economic policy could destabilise one of the United Kingdom’s most...

Published: March 5, 2026The English Chronicle DeskThe English Chronicle Online Global financial markets remain unstable as investors grapple with the economic fallout of the expanding conflict involving the United States, Israel and Iran. Stock markets in Europe, Asia and North America have seen volatile swings, while oil prices have climbed sharply amid worries that the war — and its knock‑on effects on energy supplies — could persist for weeks or...