Tesco’s UK sales growth more than halves amid Iran war uncertainty
Tesco’s UK sales growth has more than halved as it said the conflict in the Middle East had created “ongoing uncertainty for many households”.
FCA & Rules
Gig workers are endlessly exploited. AI could make more of us share their fate
In 2024, the buy-now-pay-later company Klarna announced that it would cut hundreds of customer service roles and begin using an artificial intelligence chatbot instead. The move was expected to save t…
NHS patients face worst drug shortages on record, say pharmacists and GPs
Britons are facing some of the “most severe” shortages of NHS medicines on record including common painkillers, epilepsy drugs and HRT, health leaders have warned, even forcing some patients with impa…
Dubai property sales have fallen ‘off a cliff’ since start of Middle East war
Property sales in Dubai have fallen “off a cliff”, a leading market watcher has said, after war in the Middle East forced a dramatic slowdown in one of the world’s most expensive real estate markets.
Warsh to review how Fed works after holding US interest rates at first meeting
The Federal Reserve held US interest rates between 3.5% and 3.75% after Kevin Warsh's first meeting in charge of the central bank.
Federal Reserve Board and Federal Open Market Committee release economic projections from the June 16-17 FOMC meeting
The June FOMC Minutes reinforced the Fed’s cautious approach as policymakers unanimously agreed to maintain interest rates unchanged while keeping a close eye on inflation risks.
Federal Reserve issues FOMC statement
The Federal Open Market Committee approved the following statement for release by a 12 â 0 vote:
I once protested against the G7. I feel no need now, because it’s collapsing all by itself | Zoe Williams
When 200,000 protesters gathered to meet the G8 summit in Genoa , 25 years ago, their point (our point, in fact; I went on a coach, it took two and a half days) was that eight rich nations shouldn’t d…
Federal Reserve holds interest rates steady for fourth time this year
The US Federal Reserve left interest rates unchanged for the fourth time this year after its first meeting under new chair, Kevin Warsh, a Donald Trump appointee who has taken over the central bank du…
Titan sub: design flaws and company groupthink central to catastrophe, report finds
Canadian officials find structural defects in material used for hull and say firm failed to fully test ‘novel’ design
Protesters to rally against World Cup sponsor Hyundai before Mexico game
Hyundai will be targeted by protesters at a rally before the Group A game between Mexico and South Korea in Guadalajara on Thursday, due to the World Cup sponsor’s business dealings with the South Ame…
What is happening to UK prices?
Inflation in the UK was 2.8% in the year to May, according to new figures from the Office for National Statistics.
Surprisingly benign UK inflation data signals a softer Iran war hit than feared
War’s impact on UK cost of living more muted than first forecast suggesting fuel price rises have failed to spill out more widely across UK plc
UK social media ban ‘likely to cause £1.3bn drop’ in digital advertising spend
Brands are expected to cut more than £1bn of digital advertising spending due to the UK’s ban on social media for under-16s, with streaming services tipped to benefit as advertisers try to reach large…
Announcement of the publication of the Governor's interview transcript
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‘Tax break tart’: hospitality tipped to exploit summer VAT cut on children’s meals
As bosses ridicule the chancellor’s scheme, one venue is offering a £25 ‘kids’ menu of snails and anchovy butter toast
Fashion tycoon Bernard Arnault accused of stranglehold over French business press
He is known as the “wolf in cashmere” – the owner of the world’s biggest luxury group whose brands including Louis Vuitton, Dior and Tiffany have made him one of the world’s richest people.
UK inflation unexpectedly stays at 2.8% with higher transport costs offset by slower food price rises – business live
Food prices rose at the slowest rate since December 2024 with declines in inflation for meat, cheese, vegetables and cheese
Capital gains tax: more people have to pay, so here’s what you need to know
The rules have changed and more taxpayers are being pulled into the net, not only the wealthy
UK inflation stays steady at 2.8% despite Iran conflict driving up fuel prices
UK inflation unexpectedly remained at 2.8% last month as higher transport and fuel costs were offset by slower food price rises, official figures have shown.
The tide is turning on Thames Water: special administration looks best | Nils Pratley
At last, Emma Reynolds, the environment secretary, has opined on the future of Thames Water. So what’s it to be? A takeover by the company’s creditors? Special administration, which would allow anyone…
SpaceX to buy AI coding firm Anysphere for $60bn and passes Amazon valuation
Elon Musk’s SpaceX is buying the startup behind the AI-powered coding app Cursor for $60bn (£44bn) and has moved ahead of Amazon in valuation days after its stock market debut.
Fujitsu chair resigns after ‘woman-related inappropriate conduct’
The chair of Fujitsu, the Japanese technology firm at the centre of the Post Office IT scandal, has resigned after its board became aware of his “woman-related inappropriate conduct”.
How the Iran war affects your money and bills
From petrol prices to mortgage rates, the US-Israel war with Iran has already had an impact on people's finances in the UK.