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Oil prices hover near $90 a barrel and gold hits two-month high as Trump makes new demands on Iran – business live

US president demands compensation for damage incurred by US, complicating standoff with Tehran Oil prices have see-sawed: Brent crude jumped more than 2% to just over $90 a barrel, the highest level since 31 July, but has now dipped 0.3% to $87.53 a barrel. It went higher earlier after a small cargo ship was attacked on Tuesday by Yemen’s Iran-aligned Houthis in the Bab el-Mandeb Strait, killing…

Β· 1 MIN READ Β· The Guardian Business (UK)
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The US tried to stop cartel money-laundering. It devastated mom-and-pop businesses instead

Small businesses pay hidden toll after money-transfer rule change to curb illicit activities near the US-Mexico border Last April, the Trump administration rolled out its latest tool in the fight against Mexican cartels: an aggressive crackdown on money transfers near the US-Mexico border . The administration said that, in an effort to stop money laundering and other illicit activity, it would…

Β· 1 MIN READ Β· The Guardian Business (UK)
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Business & Finance

HCA workers push for higher pay and more staffing amid billions in profits: ‘I’m struggling’

Largest for-profit hospital system and operator in the US reported $6.8bn in profits, while employees find it difficult to make ends meet Union workers with HCA Healthcare, the largest for-profit hospital system and operator in the US, are holding picket protests across the country as they push for pay and staffing increases in a new contract. The hospital system has over 300,000 employees in the…

Β· 1 MIN READ Β· The Guardian Business (US)
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Business & Finance

Drought, water rationing and dry rivers: our water crisis is here | Peter Gleick

It doesn’t have to be this way. We know what needs to be done Disturbing news about our water resources is now constant and unrelenting. In just the past few weeks, media have reported that Puerto Rico is suffering a deep water crisis as severe drought has cut water supplies to thousands. The Rhine and Po rivers in Europe are at record low levels . The seven states sharing the Colorado River in…

Β· 1 MIN READ Β· The Guardian Business (UK)
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