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Stock markets fall and oil jumps as Middle East conflict intensifies and AI boom falters – business live

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CitrixNews Staff
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Stock markets fall and oil jumps as Middle East conflict intensifies and AI boom falters – business live

Rolling coverage of the latest economic and financial news, as South Korea’s KOSPI index slumps by 8%

Britain’s jobs market cooled rapidly in May after employers cut back on hiring permanent staff, a survey this morning shows.

The monthly Report on Jobs from accountants KPMG and the Recruitment and Employment Confederation, a trade body, showed permanent job placements fell at the fastest pace since July 2025.

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Originally reported by The Guardian