Losses

Report warns widespread autonomous vehicle adoption would put hundreds of thousands of private hire jobs at riskTaxes on self-driving cars should be introduced now in the UK to offset the rise in congestion and threats to jobs they pose, a thinktank has urged.The first robotaxis on London’s streets only started this month, but government projections are that up to 40% of cars sold could be capable of self-driving capability by the middle of the next decade. Continue reading...

Retailer says higher costs also hit first-half figures as group pursues its turnaround plan, though Waitrose grew sales Losses at the owner of John Lewis and Waitrose widened by more than 40% in the first half of the year as it struggled with higher costs and with shoppers feeling less confident about their money.The John Lewis Partnership, which operates 36 department stores and more than 300 Waitrose supermarkets, said its pre-tax loss for the six months to 1 August climbed to £124m, compared with £88m in the same period in 2025. Continue reading...

• WTI crude oil prices rose above $92.00 on Wednesday as escalating hostilities in the Gulf increased the risk of a regional war. • Rabobank analysts reported that tankers are rerouting through the Suez Canal to avoid the Strait of Hormuz while the Panama Canal warns of deeper transit cuts due to El Niño droughts. • These disruptions to key shipping arteries create mounting stress on global supply chains and may lead to renewed cost pressures for energy markets.

• Asia-Pacific equity markets declined following losses on Wall Street, driven by rising oil prices, surging bond yields, and heightened geopolitical tensions. • Significant drops were recorded across the region, including South Korea’s KOSPI falling 3.08% to 6,625.42 and Australia’s ASX 200 decreasing 1.12% to 8,965.20. • Chinese markets also saw contractions, with the SSEC declining 0.90% to 3,943.88 and Hong Kong’s HSI dropping 0.86% to 25,111.31.

• On September 1, 2026, the Indian stock market closed with mixed results, as the Sensex ended 12 points down and the Nifty 50 closed at 24,055. • The decline was primarily driven by losses in the banking and automotive sectors, fueled by rising crude oil prices. • In broader Asian markets, the MSCI Asia Pacific equities gauge remained stable while investors focused on the technology sector.

• Asian stock markets are positioned for gains as oil prices continue to decline, providing relief to investors after persistent inflation and high yields pressured risk appetite. • Market attention is heavily focused on upcoming earnings reports from Nvidia, which are expected to serve as a key indicator for the tech sector. • LPL Financial chief economist Jeffrey Roach warns that while employment remains solid, fading expectations for income growth could hinder future consumer spending.

• Tesla stock fell 1.21% to $358.1 following President Trump's announcement of a 50% tariff on all Canadian imports. • The tariffs target a wide range of goods, including vehicles, automotive components, and steel, creating significant cost risks for U.S. automakers. • This move has triggered broad negative sentiment across the auto and EV sectors as investors worry about increased production costs and diminished profitability.