Qantas warns of fare rises and 4% domestic flight cuts as fuel prices stay elevated
Qantas has said it will raise fares and cut domestic capacity as it continues to face higher fuel costs linked to the Middle East war. The airline said domestic flights across Qantas and Jetstar will be reduced by a total of 4% in 2027. It also said it expects fuel prices to remain high through the new financial year.In a market update released on Friday morning ahead of its annual general meeting, the carrier said it would continue to adjust fares and capacity in response to higher fuel costs. Qantas said it expects fuel costs of A$3.8 billion for the... [Continue Reading]
360LiveNews | 06 Nov 2026 04:32 LONDON
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Day News Recap: Democrats seize Congress as Iran tensions, Ukraine diplomacy and markets swing
Democrats have taken control of both chambers of the United States Congress after a sweeping midterm result, a major setback for Donald Trump and Republicans that party leaders said would let them rein in the president. Trump said he may work with Democrats, while Republicans began a reckoning over the losses and JD Vance blamed the outcome on Iran war politics and ties to Israel. 🔗 🔗 🔗 🔗The result also reshaped the race for the White House and Congress in several states, with Democrats claiming a broader mandate and one of their gains coming in California's 22nd district, where... [Continue Reading]
360LiveNews Recap | 05 Nov 2026 18:32 LONDON
Republicans reassess after midterm losses as JD Vance blames Iran war and Israel ties
Republicans are facing a major internal reckoning after losing control of both chambers of the United States Congress in this week's midterm elections. Hours after the results were confirmed, senior party figures were reported to be debating whether a significant course correction is now needed. The setback has also prompted discussion about the party's direction heading towards the 2028 presidential race.Vice President JD Vance publicly argued that the war was the central reason for the defeat. Writing on X, he said the "real reason we lost is obvious to almost everyone" and added that "the reason we lost is the... [Continue Reading]
360LiveNews | 05 Nov 2026 16:59 LONDON
European Markets Close Higher as Metals Surge, Brent Slumps and Autos Lag
Executive summary: European equities finished higher across the board, led by France’s CAC 40 and supported by a sharp rally in precious metals. Gold pushed above $4,120 an ounce, silver also advanced, and platinum and palladium posted outsized gains. Brent crude fell sharply, while global autos underperformed, suggesting a market rotation that favored miners and defensive commodity exposure over energy-sensitive and cyclical names. [Continue Reading]
360LiveNews Markets Intelligence | 05 Nov 2026 16:45 LONDON
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Oil falls below $100 as markets bet on possible Iran war de-escalation after U.S. midterm shift
Oil prices fell below $100 a barrel after Brent and West Texas Intermediate both dropped more than 8% in the previous session, as traders reacted to the Republican Party losing control of Congress in the U.S. midterm elections. The move reflected a growing market view that the political shift in Washington could increase the chances of a negotiated end to the war involving the United States, Israel and Iran. Brent closed at $94.62 a barrel and WTI at $88.12, both their lowest levels since 31 August.The decline came after the Republican defeat, which left President Donald Trump facing a Congress... [Continue Reading]
360LiveNews | 05 Nov 2026 12:29 LONDON
Breakfast News Recap: Democrats seize Congress as Ukraine diplomacy and Iran tensions intensify
Democrats have won control of both chambers of the United States Congress after a sweeping midterm result, a major setback for President Donald Trump and Republicans. Party leaders said they would use their new strength to restrain Trump, while the result also handed Democrats a series of key wins in swing states and districts. 🔗 🔗 🔗 🔗 🔗In California, Democrat Randy Villegas defeated Republican incumbent David Valadao in the 22nd congressional district, adding to the party's gains in the House. The broader result also prompted Trump to say he may work with Democrats, even as he renewed his push... [Continue Reading]
360LiveNews Recap | 05 Nov 2026 08:52 LONDON
Europe Opens Higher as Oil Slumps, Gold Surges and Rate-Sensitive Assets Reprice
Executive summary: European equities opened firmly higher, led by France and broad gains across the region, as a sharp drop in Brent crude, a weaker dollar and a powerful rally in gold and other metals shaped early trading. The move points to a market that is pricing lower energy costs, stronger safe-haven demand and a softer macro backdrop for cyclicals, while autos lagged after the oil shock. [Continue Reading]
360LiveNews Markets Intelligence | 05 Nov 2026 08:15 LONDON
Day News Recap: Democrats seize Congress in sweeping US midterm upset
Democrats have won control of both the House and the Senate in a sweeping midterm result that marks a major setback for President Donald Trump and leaves Republicans blaming him for the scale of the defeat. The party also picked up a string of surprise Senate wins, including Texas, Kansas, Maine, Georgia, North Carolina and South Carolina, turning the night into one of the most significant election reversals in years. 🔗 🔗 🔗 🔗 🔗 🔗 🔗The result gives Democrats control of Congress for the first time in this cycle and is being described as a historic sweep, with several... [Continue Reading]
360LiveNews Recap | 04 Nov 2026 18:28 LONDON
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Europe closes higher as gold and silver surge, Brent slumps, and the dollar softens
Executive summary: European equities finished firmly in the green, led by Germany’s DAX and France’s CAC 40, while the FTSE 100 also advanced. The session was marked by a sharp rally in precious metals, a steep drop in Brent crude, and a softer US dollar against the euro and sterling. The move appears consistent with a broader risk-on tone in European equities alongside a rotation into defensive and inflation-sensitive assets, though the size of the commodity swings suggests market-specific catalysts were also in play. [Continue Reading]
360LiveNews Markets Intelligence | 04 Nov 2026 16:45 LONDON
Breakfast News Recap: US midterms flip Congress as Hormuz tensions and Ukraine war escalate
Democrats have seized control of both chambers of the US Congress in a sweeping midterm result that marks a major rebuke to President Donald Trump, with projections showing wins in the Senate and House and a string of surprise state level gains. The party’s haul includes flips in Texas, Georgia, Maine, Kansas, Ohio, North Carolina and South Carolina, while Republicans held Florida and other key races. 🔗 🔗 🔗 🔗 🔗 🔗 🔗 🔗 🔗 🔗 🔗 🔗 🔗 🔗 🔗The Senate picture was transformed by several high profile contests, including James Talarico’s victory in Texas, Troy Jackson’s win in... [Continue Reading]
360LiveNews Recap | 04 Nov 2026 08:47 LONDON
Europe opens mixed as gold and silver surge, Brent slumps and the euro firms
Executive summary: European markets opened with a split tone, as the DAX and CAC 40 edged higher while the FTSE 100 and Euro Stoxx 50 slipped. The biggest cross-asset moves came in commodities and FX, with Brent crude tumbling more than 11%, gold and silver jumping sharply, and sterling and the euro both firmer against the dollar. The pattern points to a market that is rotating toward defensive assets while pricing in a softer oil backdrop and a weaker dollar. [Continue Reading]
360LiveNews Markets Intelligence | 04 Nov 2026 08:15 LONDON
Trump moves to remove South Africa and Rwanda from Agoa trade programme
US President Donald Trump has notified Congress of his intention to remove South Africa and Rwanda from the African Growth and Opportunity Act, a preferential trade programme that allows eligible African countries to export thousands of products to the United States duty-free. The proposed change would take effect on 1 January 2027, according to the notice. The move affects two countries with already strained relations with Washington and could alter their access to a key trade arrangement.US Trade Representative Jamieson Greer said an annual review had found both countries were engaging in practices inconsistent with Agoa's eligibility requirements. He said... [Continue Reading]
360LiveNews | 02 Nov 2026 20:30 LONDON
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EU countries pledge diesel reserve releases amid winter supply fears
Eleven European Union countries have pledged to release 20.5 million barrels of diesel from strategic reserves by the end of January 2027, as concerns grow over winter fuel supplies. The move comes amid renewed instability in the Middle East and follows pressure from the Group of Seven and the International Energy Agency for governments to act on energy security. The pledge was presented at a meeting of energy ministers in Luxembourg on 29 October.Belgium, Denmark, France, Germany, Greece, Italy, Lithuania, Luxembourg, the Netherlands, Portugal and Sweden are among the governments taking part. According to a joint declaration seen by Euronews,... [Continue Reading]
360LiveNews | 30 Oct 2026 10:59 LONDON
