Business - Tuesday, March 10, 2026

Iran has defended its strikes against its Gulf countries but its neighbors say attacks have damaged trust for a long time.

Skyrocketing budgets and falling profitability have driven a new form of offshoring, with U.S. producers staging shows across the Atlantic.

Rolling coverage of the latest economic and financial news Markets are pricing in a chance that the Bank of England could cut interest rates this year, but a cut next week looks unlikely, says Kathleen Brooks , of the broker XTB. There is currently 0.4 rate cuts priced in for this year, and UK rates are expected to end the year at 3.65%, down from the current level of 3.75%. There is a 7.2% chance of a rate cut priced in for the BOE’s meeting next week. While we doubt that a rate cut is on the cards, the Bank of England will need to use next week’s meeting to signal their future intentions. Will they look through the crisis in the Middle East as a temporary spike in commodity prices and focus on the weakening economy? Or will the situation have died down enough for them to signal that further rate cuts are coming, albeit with a small delay? Either way, next week’s meeting is still important for sterling and UK bond markets. Continue reading...

Emerging-market assets broadly advanced Tuesday in a volatile session, as mixed signals from the US administration rattled global markets and sent oil prices swinging.

India is trying to preserve its long-standing neutral foreign policy as escalating tensions around Iran threaten its oil supply and expose New Delhi to pressure from both Washington and Beijing.

Group of Seven energy ministers will meet in Paris on Tuesday as they continue to debate a possible release of oil reserves to stabilize markets, according to French Finance Minister Roland Lescure.

You don’t need to spend a fortune to participate in one of travel’s hottest trends. Here are some suggestions, including seaweed soaks, robotic massages, sound baths and sauna circuits.

Anglian, Southern, Wessex and South East allowed to raise charges more than originally permitted by watchdog Business live – latest updates Millions of households in England will pay even higher water bills than previously expected, after the competition regulator gave its final verdict on industry spending plans for the coming years. Five water companies had appealed to the Competition and Markets Authority to let them raise bills higher than was initially allowed by Ofwat, the industry watchdog. On Tuesday, the CMA said it would let four of them raise annual bills by an extra 2.65% on average. Continue reading...

Asian governments are restricting fuel use and instructing citizens to avoid panic-buying, in a stark demonstration of the region’s vulnerability to energy imports and disruptions in supply.

Before the war in Iran erupted, the Bank of England was widely predicted to be set to cut interest rates in March or April. Don't count on it, economists say.