Money

Army could be activated to assist escalating UK fuel crisis

Published

4 years ago

September 28, 2021

UK Prime Minister Boris Johnson is considering activating the army to respond to the worsening fuel crisis

Under considerations, soldiers would be deployed to deliver fuel to service stations across Britain, after panic buying of petrol left stations running dry.

The emergency plan is expected to be considered by the Prime Minister this week.

Johnson is set to gather senior members of his cabinet to discuss the activation of “Operation Escalin” after BP confirmed that a third of its fuel stations have now run out of two grades of fuel.

The UK Fuel Association has admitted that 50-90 per cent of their members have reported having run out of fuel.

But is the army the answer?

Ministers are confident the petrol shortage will be solved before it needs to order the Army to help with deliveries.

Government sources played down the prospect of any immediate decisions being made on the Army being brought in to help drive petrol tankers to deliver much-needed fuel, stating soldiers would first need to be trained on how to respond to the situation.

The fuel industry has assured motorists it expects the panic-buying of petrol and diesel to wind down, saying “there is plenty of fuel”.

https://twitter.com/tickerNEWSco/status/1442616842850226180?s=20

In a joint statement, fuel firms also called for drivers to stop panic buying and provided reassurance that demand will return to normal in the next few days

The statement stated that: “There is plenty of fuel at UK refineries and terminals, and as an industry we are working closely with the government to help ensure fuel is available to be delivered to stations across the country.”

“As many cars are now holding more fuel than usual, we expect that demand will return to its normal levels in the coming days, easing pressures on fuel station forecourts. We would encourage everyone to buy fuel as they usually would.

“We remain enormously grateful to all forecourt staff and HGV drivers for working tirelessly to maintain supplies during this time.”

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Alphabet launches $20B bond to fund AI expansion

Alphabet’s $20B bond offering highlights investor confidence in AI growth, enabling funding without shareholder dilution.

Published

17 hours ago

February 11, 2026

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Alphabet’s $20B bond offering highlights investor confidence in AI growth, enabling funding without shareholder dilution.

Alphabet has launched a record $20 billion bond offering to finance its massive AI infrastructure build-out, signalling strong investor confidence in the company’s growth strategy. The oversubscribed sale shows that investors are betting on Alphabet’s AI potential and long-term returns.

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Brad Gastwirth from Circular Technologies explains how corporate debt is reshaping tech financing and how investors perceive AI-linked bonds. This record issuance could set a trend for other tech companies looking to fund innovation.

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AI tax tool sparks market turmoil for financial firms

Major financial firms’ stocks fell sharply after an AI tax tool launch, raising investor fears of disruption in advisory services.

Published

18 hours ago

February 11, 2026

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Major financial firms’ stocks fell sharply after an AI tax tool launch, raising investor fears of disruption in advisory services.

Shares of major financial services firms tumbled after the launch of a new AI-powered tax planning tool. LPL Financial dropped nearly 11%, while Charles Schwab and Raymond James Financial fell more than 9%, signalling investor concern over AI disrupting traditional advisory services.

Morgan Stanley also saw a 4% decline as fears grow that AI could replace some of the most profitable offerings of established firms. Earlier this year, the introduction of other AI models already caused turbulence in software stocks, suggesting this could be a broader trend affecting multiple sectors.

The iShares U.S. Broker-Dealers and Securities ETF was down 4% on Tuesday, reflecting the market-wide uncertainty surrounding AI adoption in finance. Investors are closely watching whether AI will complement or cannibalise the industry’s core services.

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RBA rate shock: ASX200, Gold and Crypto market

RBA’s interest rate shift impacts ASX200, AUD; gold/silver rebound analyzed amidst upcoming economic data and crypto market navigation.

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2 days ago

February 10, 2026

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RBA’s interest rate shift impacts ASX200, AUD; gold/silver rebound analyzed amidst upcoming economic data and crypto market navigation.

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