UK mortgage borrowers brace for rate jump amid global bond sell-off
Homeowners in the UK are braced for a jump in mortgage rates, driven by higher inflation and interest rate increase expectations amid turmoil in the global bond markets.
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London’s first self-driving taxis for hire hit the streets
Londoners are now able to hire self-driving taxis for the first time, after rides in Wayve’s autonomous vehicles were added to the Uber app on Thursday.
Why wait? Business grads buying firms to install themselves as CEO
Confined to her hospital bed as she waited for her baby to be induced, Ania Aliev was attempting to finalise a deal to buy a company and put herself in the top job.
China’s falling emissions amid Iran war spark hope of decarbonisation watershed
China’s carbon dioxide emissions fell by 1% after the outbreak of the US-Israeli war on Iran, thanks to a sharp reduction in oil consumption and a steady rise in the use of electric vehicles and public transport, analys…
Apple Maps renames Lake Ontario as ‘Lake America’ for US users after Trump order
Apple has renamed Lake Ontario as “Lake America” for US users of its Maps app, after an executive order from Donald Trump to change the name of the Great Lake amid his trade spat with Canada.
Russian airspace becoming unsafe for commercial airlines, Zelenskyy says
Volodymyr Zelenskyy declared that Russia’s airspace is becoming unsafe for commercial airlines, as Vladimir Putin promised to step up strikes against Ukraine’s energy facilities in the run-up to winter.
BP seeks to end years of boardroom turmoil with appointment of new chair
BP has appointed a new chair after a months-long search triggered by the controversial ousting of Albert Manifold , seeking to draw a line under years of boardroom turmoil at the UK oil and gas company.
Bank of Canada holds rate as tariffs, oil prices cloud outlook
The Bank of Canada held its benchmark interest rate steady again on Wednesday as new U.S. tariffs and the ongoing war in Iran cloud the central bank’s outlook.
Faisal Islam: Why bond market wildfire is keeping world leaders up at night
It is not just the wildfire burning in the bond markets, with many countries facing interest rates at multi-decade highs.
UK government does not know what datacentres are being used for, FoI request shows
The UK government does not know what the country’s datacentres are being used for despite fears over the growing environmental impact of the AI boom.
Ryanair warns air fares in Europe will jump next year if oil price stays high
Ryanair has warned that air fares in Europe will jump next year if the oil price remains high and that some airlines could go bust.
Fake 10 Downing Street listing on Booking.com highlights security failures
Consumer watchdog Which? set up and accepted payment for fake listing for ‘1 bed apartment in heart of London’
Britain is OK with public ownership, but only by foreign powers. Why?
Have you ever wondered why it is that most houses in the UK are reliant on gas boilers? Not what’s stopping more people from replacing them with heat pumps, but instead why and how the gas boiler became so ubiquitous in…
Range Rover launches its first electric vehicle, with starting price of £154,070
Range Rover has launched its first electric vehicle – a year later than planned – offering a greener option for fans of gargantuan British-made SUVs who are also conscious about the climate crisis.
The Global Story
Economist Kenneth Rogoff argues that that the era of dollar dominance may be ending
Japan halves speed limit to 30km/h on all narrow city streets
Speed limit dropped from 60km/h for around 70% of general roads in the hope of making narrow streets of crowded cities safer
Architect of British government’s AI strategy joins Anthropic
The architect of the UK government’s AI strategy has joined the US startup Anthropic in a senior role a year after stepping down from his Downing Street post.
U.S. concludes strikes against Iran after Strait of Hormuz attacks
The United States and its allies condemned what they said were alleged Iranian plots to kill dissidents, journalists, and members of Jewish communities in Europe, North America, and Australia.
Fund defence spending from tax rise on middle earners, thinktank tells Healey
The chancellor, John Healey, must be prepared to raise taxes for middle earners if he wants to fund significantly higher defence spending, the Resolution Foundation thinktank has said.
Boris Vujčić: Household expectations and monetary policy: The importance of high-quality surveys and evidence-based research
Thank you, Michael, and thank you to ESMT for the invitation. It is a pleasure to be here for this inauguration and to speak about a topic to which Michael has made an outstanding contribution: how households form expec…
‘Not perfectly aligned’ with human values: Anthropic admits security failures behind AI hacking incidents
The US startup behind the Claude chatbot has admitted a series of hacking incidents involving its models reflected a “failure of operational security” and said it has tightened its testing procedures.
SEC Announces Agenda and Panelists for Roundtable on Preparations for 24-Hour Trading
SEC schedules Sept. 17 roundtable to discuss 24-hour stock trading and overnight market expansion.
Dyson launches £420 toothbrush that films ‘live cleaning footage’ inside your mouth
James Dyson says ‘complete dental system’ will also include toothpaste and mouth rinse that each cost £8.50
US borrowing costs hit fresh highs over inflation fears
US borrowing costs hit a fresh high on Tuesday as renewed strikes in the Middle East pushed up oil prices and heightened concerns over inflation.