A leading British business group says a UK exit from the EU could potentially see the loss of nearly one million jobs. The Confederation of British Industry (CBI) says the risk of leaving could cause a "serious economic shock". The business group admits that their forecast is based on the assumption that a trade deal wouldn't be agreed for a number of years. Our UK correspondent Dan Whitehead reports.
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IEA members could release more oil stocks 'as and if needed,' agency chief says
Member countries of the International Energy Agency (IEA) could release more oil into the market later "as and if needed" after they have already agreed the largest-ever reserve release, Executive Director Fatih Birol said on Monday.
EU floats Black Sea model to unblock Strait of Hormuz
EU foreign policy chief Kaja Kallas said on Monday she had discussed with the United Nations the idea of freeing up transport of oil and gas through the Strait of Hormuz by replicating a deal that gets grain out of Ukraine during wartime.
US, China economic chiefs meet in Paris to clear path to Trump-Xi summit
Top US and Chinese economic officials launched a new round of talks in Paris on Sunday to iron out kinks in their trade truce and clear a smooth path for US President Donald Trump's trip to Beijing to meet with Chinese President Xi Jinping at the end of March.
US says oil from strategic reserve to start reaching market next week
The Trump administration said on Friday it expects early deliveries of oil from the US strategic petroleum reserve to reach the market by the end of next week as part of an effort to combat the energy price spike since the start of the Iran war.
Standard Chartered issues clarification on local operations
Standard Chartered Bank has clarified that reports of staff being evacuated from its Dubai offices are inaccurate.
The UAE air defence systems have intercepted 10 ballistic missiles and 45 drones launched from Iran on Tuesday, the Ministry of Defence (MOD) announced.
A fire that broke out at a warehouse in Sharjah's sixth industrial area has been brought under control, authorities confirmed on Tuesday.
The UAE has dismissed the labelling of Iranian attacks on countries in the region as "retaliatory" during the Human Rights Council's session in Geneva, calling it a bid to mislead the international community.
