The HSBC Tower in Canary Wharf is set for redevelopment as HSBC prepares to vacate in 2027. The Qatar Investment Authority and Canary Wharf Group plan to transform the iconic building into a mixed-use space featuring a hotel, restaurants, leisure facilities, and offices, estimated to cost between £800 million and £1 billion.

European leaders are responding to rising oil prices as Saudi cargo deliveries face disruptions from Middle Eastern conflicts. The closure of the East-West oil pipeline threatens up to 4% of global supply, prompting urgent measures, including France’s push for alternative routes and Italy’s abolition of car taxes to alleviate costs.

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