World events that affect business and life in the UK.
Rail unions have called a strike at SNCF for 5 November, and the CGT has called for protests in all workplaces. Disruption may affect TGV, TER and Intercités services. We explain what it means for people travelling through France from the UK and Poland, and what to check.
The next round of Russia–Ukraine peace talks is expected to take place, probably in mid-November, in Abu Dhabi with US involvement. Both sides have also agreed to a local ceasefire so that aid can reach a cut-off town in the Kherson region. The obstacles to an agreement remain significant.
Brent crude touched $111.99 a barrel on Tuesday – the highest in five months. The market is reacting to attacks on ships around the Strait of Hormuz.
Ukrainian President Volodymyr Zelensky is meeting US envoy Steve Witkoff and European leaders in Oslo. Meanwhile Russia keeps attacking.
Saturday's protests across France turned into riots. More than 2,500 people were detained. Prime Minister Sébastien Lecornu says curfews will be imposed wherever needed.
In September 1,228 ships passed through the Suez Canal – the most since December 2023. Analysts expect carriers to return fully by Q1 2027. What it means for freight and stock.
After the US Supreme Court ruling, the IEEPA tariffs are gone, but since 24 July a 10% Section 301 surcharge applies. Steel, medicines and cars: the UK has better terms than the EU. Tariff refunds and new parcel rules – deadline moved to 20 January 2027.
On Friday 16 October the US president suspended sanctions under the so-called Graham act. On Monday Brent fell 1.9% to $107.8 a barrel. For UK businesses it is a sign that fuel and energy costs will remain unpredictable.
The UK–India free trade agreement has been in force since 15 July 2026. For Scottish food and drink producers it opens a market that until now was protected by high tariffs.
Ports, power grids and cables increasingly influence foreign policy.
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