Bloomberg American equity futures edged higher on Wednesday while stocks in Europe dipped in cautious trading dominated by a dimming economic outlook and an anxious wait for data that may show US inflation at a fresh four-decade high. S&P 500 and Nasdaq 100 futures posted modest gains after yet another volatile day that ended with both gauges solidly in the …

  Bloomberg A global squeeze on energy supply that’s triggered crippling shortages and sent power and fuel prices surging may get worse, according to the head of the International Energy Agency (IEA). “The world has never witnessed such a major energy crisis in terms of its depth and its complexity,” IEA Executive Director Fatih Birol said on Tuesday at a …

Bloomberg The UK’s next prime minister is likely to have a weaker commitment to achieving net-zero carbon emissions than Boris Johnson. The outgoing British leader made cutting emissions a priority and sought leadership on the global stage by hosting the COP26 summit in Glasgow in November. But in the middle of a cost-of-living crisis caused by rising fuel and food …