Iran insists Strait of Hormuz remains closed as war enters seventh month
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FCA & Rules
South West Water has worst environmental record in England, analysis shows
‘Tiny bit of rain and the sewage comes’: Brighton swimmers vent fury at sea pollution
On long road back from Brexit, north-east’s recovery rides on survival of Nissan’s ‘shining star’ plant
In a factory in Gateshead, engineers carefully wind metal wires around iron cores to go in electric motors. Here, workers produce a smaller “pancake motor”, which generates higher torque than conventi…
‘You’re at war when you get attacked’: Mark Carney shows combative nature in face-off with Trump
Mark Carney stood before a walnut-veneered lectern, his face drawn tight, as he announced that talks with Canada’s biggest trading partner had collapsed. “Last spring, I warned that America is trying …
Russia steps up ’gray zone’ attacks across Europe as NATO tensions rise
Hungary’s high-stakes election is beginning to look like an uphill battle for incumbent Prime Minister Viktor Orbán. At least that is what the polling shows: Orbán’s party, Fidesz, has been trailing o…
Arms and the £5m man: Farage megadonor Christopher Harborne’s military empire
Reform UK denies donor and crypto-billionaire’s global interests in arms and military could present a conflict of interest over its defence spending policy
Warsh at Jackson Hole: 8 key takeaways
Editor's Note: At 10 PM Beijing time on August 28, Federal Reserve Chair Kevin Warsh delivered a speech at the Jackson Hole Global Central Bank Symposium, marking his first address at this prominent a…
‘If it’s made in the US, I don’t buy it’: Canadians on boycotting Trump’s America
“As soon as Trump started putting those tariffs on in February [last year], I started boycotting US goods,” he said. “Avoiding American products has driven my costs up, and I’m still happy to do it.
Remaking the biscuit: from Doritos to digestives, why the UK’s snacks are being ‘reformulated’
Bite into a Ritz cracker today and you’re eating 80% less saturated fat than you would have been just a few years ago. The biscuit looks and snaps the same, and tastes close enough that most buyers ha…
Tax promises, defence targets and Iran: Andy Burnham’s budget headaches
As economic circumstances worsen, the PM’s commitments have left him and the chancellor in a tight spot
‘Inept, incompetent, craven’: Scott Bessent struggles to clean up the president’s mess
History remembers Gen Dwight Eisenhower , the supreme commander of the allied forces in Europe during the second world war, for his role in the D-day invasion of Normandy. Whether Scott Bessent will a…
Sovereignty, farming and fishing: Iceland votes on its future with the EU
Icelandic farmers were starting to get higher prices for their meat and milk, debt was no longer an occupational prerequisite and innovation was on the rise.
UK risks falling behind in AI race without faster telecoms upgrades, say executives
The UK risks becoming a laggard in the global AI race as crucial telecoms upgrades to harness the technology fall behind rival nations, according to senior industry executives.
China’s massive oil reserves give Beijing leverage during Iran war
The Iran war has boosted China’s leverage in the energy sector and deepened its commercial presence in the Gulf. But states in the region want China to be a more proactive stakeholder, a role Beijing …
Faster, higher, funnier: what we learned from China’s robot games
Five-day showcase reveals leaps Beijing has made in humanoid tech, but also its limitations as US rivals come up from the rear
‘Winter panic’: EU gas stores at their lowest level in 13 years
Europe is on course to enter the cooler months with gas stores at their lowest level in 13 years, which has triggered “winter panic” among energy traders, experts have warned.
Households could save up to £173 a year by switching to fixed energy deal
With higher energy bills looming and warnings of worse to come in the new year, many households could save up to £173 a year by switching to a fixed deal.
Trump announces new US oil agreement with Venezuela
Donald Trump announced Friday a new US oil agreement with Venezuela’s interim president Delcy Rodríguez, saying the US will have “majority” control of 65bn barrels of proven oil reserves.
Trump says U.S. secures control of over 65 billion barrels of Venezuelan oil
President Donald Trump said Friday his administration has reached a huge oil deal with Venezuela that gives the United States majority control of 65 billion barrels of proven petroleum reserves.
White House teleprompter operator settles prediction market trading probe
Federal regulators have opened an inquiry into so-called "mention markets" on prediction platforms, where traders wager millions of dollars on whether public figures will utter specific words, prompti…
Large fire near Wembley Stadium disrupts tube and rail services
A large fire broke out at a waste facility close to Wembley Stadium in north-west London, disrupting tube and train lines in the area.
SEC Proposes Amendments to Exchange Act Rule 3a12-8 to Add European Union Debt Obligations
The U.S. Securities and Exchange Commission has proposed amending Rule 3a12-8. The change would add European Union debt obligations to the list of foreign government securities exempted for futures ma…
Isabel Schnabel: Central banks on-chain
It is a great pleasure to discuss Darrell Duffie’s paper “Tokenized finance and the perimeter of central banking” at this year’s Jackson Hole Economic Policy Symposium.[1]
Fed chair says delivering ‘stable prices’ is central bank’s job as inflation persists
The US Federal Reserve is not done fighting high inflation, its chair, Kevin Warsh, said in his first major speech in the role on Friday, emphasizing that it was “the Fed’s job to deliver stable price…