Houthis threaten to attack shipping tankers if they use Saudi Arabian ports on Red Sea
Warning to shipping companies, on top of Iran’s chokehold on strait of Hormuz, may severely affect Saudi oil exports
News
ECB appoints Boris Kisselevsky as Director General Secretariat
The Executive Board of the European Central Bank (ECB) has appointed Boris Kisselevsky, currently Head of the ECB Representative Office in the House of the Euro in Brussels, as Director General Secretariat. Mr Kisselevs…
Airbus to test folding wings for next generation of bestselling planes
Such technology solves problem of longer, thinner, energy-saving wings not fitting in airports around the world
Ozempic maker Novo Nordisk sues US rival over ‘materially misleading’ ads
Ozempic maker Novo Nordisk said on Tuesday it is suing arch US rival Eli Lilly over “false and materially misleading” adverts for its competing weight-loss and anti-diabetes treatments.
Spanish hotel chain ceases operations in Cuba under pressure from Washington
A Spanish hotel chain is to cease all operations in Cuba at the end of the week due to “major difficulties” in doing business on the island under growing pressure from Washington.
How much money does the UK government borrow, and why does it matter?
To fill this gap it borrows money, but that has to be paid back - with interest.
July 2026 euro area bank lending survey
According to the July 2026 bank lending survey (BLS), euro area banks reported a moderate net tightening of credit standards – banks’ internal guidelines or loan approval criteria – for loans or credit lines to enterpri…
Andy Burnham to cut VAT on electricity bills as first cost-of-living move
Electricity bills will be reduced by an average of £45 from October, after Andy Burnham announced the government would remove VAT from them.
UK government borrowing falls in June
The UK government borrowed slightly less than expected in June, according to official figures published as new prime minister Andy Burnham began setting out measures to cut living costs for households.
Thames Water investors offer ‘golden share’ in bid to head off nationalisation
The group of investors pursuing a rescue bid for Thames Water have offered the government a “golden share” in a last-ditch attempt to convince Andy Burnham not to nationalise Britain’s biggest water company.
UK military ‘eyes innovative electric flying taxi’ as 2029 launch planned
British flying taxi startup Vertical Aerospace has said the UK government has expressed interest in buying a military variant of its aircraft as it races to gain approval for flights with paying passengers.
Not enough water for UK’s datacentre plans, trade body says
Industry says government’s failure to address cooling demands means AI growth plans are ‘fatally flawed’
UK employers cut job vacancies as Burnham aims to lift living standards
Employers cut the number of job vacancies in May, according to official figures that highlight the UK’s “fragile” economic outlook amid the conflict in the Middle East.
Donald Trump to impose 50% tariff on most Canadian goods, White House says
Turmoil likely as Trump officials say Canada unfairly discriminated against US autos, alcohol and dairy products
Healey made chancellor, Miliband named foreign secretary and Yvette Cooper becomes health secretary as Burnham picks cabinet – UK politics live
Burnham’s team were clear they want an experienced figure to deliver his vision for UK economy - combining fiscal responsibility with focus on re-industrialisation, devolution, cost of living crisis and driving growth.
Judge orders pause on Paramount-Warner merger after challenge from 12 states
A federal judge on Monday ordered Paramount and Warner Bros Discovery to halt their $81bn merger for at least two weeks, allowing states that are challenging the deal more time to see their case through in court.
The Russian Ministry of Culture has not received an application for a distribution certificate for Nolan's "Odyssey"
“The Odyssey” is a film adaptation of Homer’s epic poem, produced by Universal Pictures. The film was released worldwide on July 17. According to Variety, “The Odyssey” grossed approximately $264 million during its open…
‘My shirt was wringing’: National Express bus drivers speak out on 40C conditions
Bus drivers in the West Midlands have spoken out about the “horrendous” working conditions they have experienced during heatwaves, which led to 40C temperatures in their cabs.
Burnham promises help with your money. How could it affect you?
In his first speech as prime minister, Andy Burnham has promised to give people more "breathing space" to help with the cost of living.
European gas prices surge amid fears US-Iran war will cause winter shortages
European gas prices have hit a four-month high as the escalation of the conflict in the Middle East raises fears of supply shortages this winter.
Jeff Bezos and UK government invest in £2bn British startup CuspAI
Amazon’s founder, Jeff Bezos, and the UK government have invested in a £2bn British artificial intelligence startup that is aiming to become the “search engine for rare materials” that accelerates the next wave of techn…
Prosper Capital LLP enters creditors’ voluntary liquidation
On 1 June 2026, Prosper Capital LLP (Prosper) went into creditors’ voluntary liquidation. Jeremy Karr and Simon Killick of BTG Begbies Traynor (Central) LLP were appointed as joint liquidators.
AliExpress fined record €550m by EU for failing to stop sale of illegal and fake goods
AliExpress, the Chinese online retail platform, has been fined a record €550m (£470m) by the EU over its failure to stop illegal goods including harmful clothing, cosmetics and kitchen gadgets being sold through its sit…
How Elephant and Castle risks becoming London’s gentrification ‘patient zero’
Diana Sach once employed more than 30 people and catered for hundreds more every day from her Latin American restaurant and delicatessen, famous for its Peruvian empanadas, in south London’s Elephant and Castle district.