David Hindley

FT Archive | The past two years have seen the biggest swings in the oil price in 14 years as geopolitics and the energy transition bewilder traders

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

Hello and welcome to the working week. Central banks in the US and UK are both meeting to set interest rates — the Federal Reserve will announce its decision on Wednesday and the Bank of England on Thursday. The mood music is that both will keep rates steady. Persistently high inflation and a fragile economy point to the BoE sticking, while Fed chair Jay Powell has cited a “range of uncertainties” and pledged the central bank will move carefully. BP reports earnings on Tuesday and Shell on Th…

Also in today’s newsletter, Shein switches IPO plans from New York to London and Pfizer hopes to settle thousands of lawsuits

Also in today’s newsletter, US warns on Mexico’s judicial reforms, and the rise of AI-driven coding

Plus, results from CrowdStrike following the outage caused by its software update in July

Also in today’s newsletter, Chinese car buyers are rejecting Tesla, and US military plans for potential breakdown of Gaza ceasefire talks