Business News
Stay informed with the latest business and economic developments shaping markets and economies around the world. SkyPress covers major corporate developments, economic events, financial markets, commodities, central bank decisions, and other news that can influence businesses, investors, and consumers.
Record Diesel Prices Raise Food Inflation Risks Across the U.S. and Africa
Global Energy Markets • SkyPress News Analysis Rising Diesel Costs Put Pressure on Farmers, Food Supply Chains and African Economies September 19, 2026 | By SkyPress Desk | SkyPress News WASHINGTON / NAIROBI — Surging diesel prices are placing additional pressure on farmers, freight operators and businesses as disruptions across global energy markets raise the…
Oil Prices Fall as Saudi Supply Concerns Ease Despite Middle East Risks
Market News | Energy Oil Prices Slide as Saudi Supply Recovery Eases Market Fears By SkyPress Desk | SkyPress News September 18, 2026 Market Snapshot: Oil prices extended their decline on Friday as expectations of a partial recovery in Saudi crude supply reduced some of the immediate pressure on global markets. Brent crude remained above…
Bank of Japan Raises Rates to 1.25% as Yen and Inflation Risks Persist
GLOBAL MARKETS • MONETARY POLICY BOJ Raises Interest Rates to 1.25% as Japan Navigates Inflation, Fiscal and Yen Pressures By SkyPress Desk | SkyPress News September 18, 2026 Japan’s central bank has raised its benchmark interest rate to its highest level in more than three decades, as policymakers respond to inflation risks, currency pressures and…
Bank of England Holds Rates at 3.75% as Inflation Risks Rise, Pound Faces Market Pressure
The Bank of England has kept its benchmark interest rate at 3.75%, while warning that rising energy prices could push UK inflation above 4% early next year. The decision is keeping markets focused on the outlook for interest rates, sterling and UK government bonds. By SkyPress Desk | SkyPress News September 17, 2026 — The…
Nobel Laureate Michael Kremer to Become World Bank Chief Economist as Development Challenges Mount
September 16, 2026 — The World Bank has appointed Nobel Prize-winning economist Michael Kremer as its next chief economist, bringing an economist known for experimental research, poverty reduction and technology-driven development into one of the institution’s most influential economic roles. Kremer, a professor at the University of Chicago, will take over as chief economist on…
US Senate Crypto Bill Stalls After CLARITY Act Fails Key Vote
U.S. Senate Blocks Progress on CLARITY Act as Crypto Regulation Efforts Face New Setback By SkyPress Desk | SkyPress News Published: September 16, 2026 WASHINGTON — September 16, 2026: The U.S. Senate has failed to advance the CLARITY Act, a major cryptocurrency market-structure bill intended to establish a more comprehensive regulatory framework for digital assets…
US Crypto Regulation at a Turning Point as Senate Prepares for CLARITY Act Vote
US Senate Faces Key Vote on Sweeping Crypto Regulation Bill By SkyPress Desk | SkyPress News September 15, 2026 — The U.S. Senate is facing a potentially important test for cryptocurrency regulation as lawmakers prepare to vote on whether to move forward with the Digital Asset Market Clarity Act, commonly known as the CLARITY Act.…
Gold Prices Slide as Fed Rate Decision Looms: What’s Next for XAU/USD?
Commodities • Gold Market Update Gold Price Outlook: XAU/USD Under Pressure as Markets Await Fed Rate Decision Gold prices remain under pressure as rising US Treasury yields, a stronger US Dollar and expectations around the Federal Reserve’s next interest-rate decision weigh on the precious metal. SkyPress News Desk: Gold is facing renewed selling pressure as…
EPRA Holds Kenya Fuel Prices Steady for September–October 2026 Despite Global Oil Market Shifts
SkyPress News Desk — Kenya’s fuel prices will remain unchanged for the September 15 to October 14, 2026 pricing period, according to the latest review by the Energy and Petroleum Regulatory Authority (EPRA). The decision comes despite notable movements in international petroleum costs, with diesel and kerosene becoming more expensive while petrol prices declined. Kenya’s…
Dangote’s Landmark IPO Signals a New Era for African Refining and Kenya’s Lamu Project
Dangote Opens Africa’s Biggest IPO as Nigeria’s Refining Boom Sets Sights on Kenya By SkyPress Desk | SkyPress News September 14, 2026 — Nigerian billionaire Aliko Dangote has opened what is being described as Africa’s largest initial public offering (IPO), putting his giant oil refinery on the Nigerian stock market while laying the financial groundwork…
Oil Prices Surge as Middle East Disruptions Raise Fears of a Global Supply Shock
COMMODITIES • GLOBAL ENERGY MARKETS Brent Crude Oil Surges Above $108 as Middle East Supply Disruptions Intensify Oil markets face renewed supply concerns as tensions around the Strait of Hormuz, Saudi Arabia’s export infrastructure and the Bab el-Mandeb Strait intensify. Brent crude oil prices have surged above $108 a barrel as escalating Middle East tensions…
US Markets Rally as Inflation Data Boosts Fed Rate Expectations
US Inflation Shapes Markets: Dollar Firms, Wall Street Rises, Gold Rebounds and Oil Retreats 12 September 2026 | SkyPress Desk | Market Roundup Key Takeaways U.S. consumer inflation accelerated in August, with headline CPI rising 0.4% month-on-month. Annual headline inflation held at 3.4%, while core CPI eased to 2.4% from 2.5% previously. Markets increased expectations…
