Global oil supplies forecast to outstrip demand this year despite Middle East war

International Energy Agency expects production to rise by 1.8mn barrels a day in 2025
Russian missile and drone attack kills at least 14 in Kyiv

Strike is the deadliest on Ukrainian capital since July 2024
Spotify’s Daniel Ek leads €600mn investment in German drone maker Helsing

Defence start-up valued at €12bn to become one of Europe’s most valuable tech groups
London faces higher risk of summer wildfires, capital’s brigade warns

Fire services across UK invest in new kit and training as impacts of climate change grow
Mid-tier UK law firms hand big pay rises to junior lawyers

Newly qualified solicitors will earn as much as £140,000 a year in race to attract and keep talent
Reeves considers changes to non-dom inheritance tax amid UK ‘exodus’

Chancellor is being lobbied by the City following a spate of departures by wealthy people