Inflation is heating up but don't expect another crisis
The fallout from the war in Iran cranked up the heat on households last month as energy bills rose - how uncomfortable could inflation get from here?
Crime & Courts
FOMC minutes ahead; Target, Analog Devices to report - what’s moving markets
The upcoming week’s U.S. financial focus centers on the July FOMC meeting minutes, key macroeconomic data including industrial production and preliminary August PMIs, and major corporate earnings reports. The Fed minute…
Labour ‘could lose up to 50 seats’ to Greens if new drilling in North Sea approved
Greens say analysis shows government failure to take bold climate action could lead to big gains for party at election
Trainline, Virgin Atlantic and Red Driving School investigated over hidden fees
The UK’s competition watchdog has launched investigations into Trainline, Virgin Atlantic and Red Driving School over concerns that all three companies displayed misleadingly low prices to their customers.
UK relies on heat-stressed countries for fruit and veg it could grow itself – report
The UK is vulnerable to food price shocks because of its dependence on imports of fruit and vegetable from countries even more exposed to the climate crisis, researchers say.
Hormuz shipping traffic slows as Iran war uncertainty persists - Reuters
An Iranian lawmaker said Tehran would respond in kind if the US used a nuclear weapon against Iran, commenting on a media report about the possibility of such an attack, according to local media on Wednesday.
Jump in energy bills drives UK inflation to highest rate for four months
Higher energy bills drove UK inflation up to 2.9% in the year to July, the highest level in four months, according to new figures.
Christine Lagarde: Panel remarks about the European economy during a discussion on the global economic outlook at the World Economic Forum
Europe’s post-war growth model rested on three mutually reinforcing pillars. Today, all three are weakening as the international environment changes.
Ulez led to better lung size and function among London children, study finds
Children’s lungs grew bigger and stronger after the most polluting vehicles were restricted from entering London, a study has found.
Jeff Bezos consortium could be majority Liverpool shareholder within a year
1892 Holdings, the new investor in Liverpool, has first refusal to become the majority shareholder in the next 12 months should Fenway Sports Group decide to sell.
US states accuse Meta of covering up research on teen social media addiction in pivotal trial
Lawyers representing 29 US states have accused Meta of covering up internal research showing Instagram was addictive for teenagers. In a packed courtroom Tuesday, on the opening day of a landmark legal challenge, they s…
SEC Charges Former Executives With Fraud in Connection With $1.9 Billion Collapse of Subprime Auto Lender Tricolor
The Securities and Exchange Commission today charged Daniel Chu, Jerome Kollar, and Ameryn Seibold, the former CEO, CFO, and Senior Director of Finance, respectively, at Texas-based Tricolor Holdings, LLC, for their rol…
SEC Proposes New Regulation Crypto Assets
The Securities and Exchange Commission today announced that it proposed new rules, titled “Regulation Crypto Assets,” that would create a clear and fit-for-purpose framework for certain investment contracts involving cr…
OpenAI announces slowing pace of development after hack by rogue agent
OpenAI on Tuesday said it had slowed down the pace of its AI development while it overhauled its research and training systems.
Global borrowing costs hit fresh highs on oil, AI and inflation
Long-term borrowing costs across some of the word's biggest economies hit fresh highs because of concerns over inflation, government debt levels and spending on Artificial Intelligence (AI).
Labour urges Gambling Commission to investigate firms linked to Reform UK donors
The Gambling Commission has been urged to investigate claims that companies linked to Reform UK donors and allies of Nigel Farage have been operating without a licence.
‘Can’t enjoy your pint’: Wetherspoons customers welcome ban on loud phones
The terrace of the Moon Under Water Wetherspoons pub in Leicester Square was full of people enjoying the warm weather and chatting between tables – without a TikTok video or speakerphone call in earshot.
Job vacancies at five-year low as smaller firms scale back recruitment
The number of job vacancies has fallen to its lowest level in more than five years as smaller businesses cut back on recruitment, official figures indicate.
Oil prices jump after US-Iran ceasefire expires and Trump threatens Oman
Brent crude rises above $90 a barrel for the first time since 30 July after US president tells Tehran to surrender
‘A feudal relationship’: Stonegate Pub Partners under scrutiny after complaints of tenant mistreatment
“We’re pleased to welcome Stonegate Pub Partners as a sponsor for the Great British Pub Awards 2026” read a post on the event’s Facebook page. Within minutes it had backfired.
FCA bans senior manager for lack of honesty and integrity
The FCA has banned Howard Roland Duckett from working in financial services due to a serious lack of honesty and integrity.
UK risks running out of gas by 2030s, ministers told
Great Britain risks running out of gas in the 2030s despite its growing clean energy sources, unless ministers take “unprecedented” action to guard against a future supply shock, according to an official assessment.
Sports Direct owner Mike Ashley tightens hold on Hugo Boss
The retail billionaire Mike Ashley has signalled that his summer shopping spree may be far from over, after he increased his stake in Hugo Boss to nearly half. Ashley’s Frasers Group, which last week bought the Harvey N…
Student bank accounts: don’t be swayed by the freebies, freshers told
In the scramble to sort out university accommodation, join freshers group chats and work out how a student loan payment is meant to stretch across a whole term, there is one big decision that is easy to put off but wort…