Andy Burnham implores cabinet to examine ‘all possible ways’ to tackle cost of living crisis
As new prime minister briefs cabinet on ‘cost of living government’, critics ask where money will come from
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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.
‘The explosion is what I remember’: man nearly sucked out of Ryanair plane recounts ordeal
It is the explosion just before he was nearly sucked out of the aircraft that Ljubisa Karović remembers. The thunderous noise of the window shattering that roused him from slumber in 11F, his window seat on the early mo…
Fiscal hawk or big spender – what kind of chancellor will John Healey be?
On the frequent occasions that John Healey would travel abroad as defence secretary, he was so determined to keep working he would get the crew to tether a desk to the inside of his military aircraft so he could read hi…
Liverpool owner in talks to sell stake to QPR co-owner Amit Bhatia
Liverpool’s owner is in talks over selling a significant minority stake to a consortium led by the Queens Park Rangers co-owner Amit Bhatia and backed by his father-in-law Lakshmi Mittal, the billionaire Indian steel ma…
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
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.
France becomes first EU country to ban social media access for under-15s
France’s parliament has approved a bill banning social media access for children under 15, making it the first EU country to bar children from apps such as TikTok.
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
‘We were at their mercy’: inside the Amazon tactics that hiked prices across the internet
Internal emails revealed in court and interviews with ex-employees describe how Amazon’s practices drove up prices for competitors like Walmart and Target. Amazon denies price-fixing claims and says it works to lower co…
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…
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.
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.
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.
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.
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…
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.
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’
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…
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.
PRA fines HDI Global SE £4,165,000 for inaccurate reporting of FSCS Liabilities and FSCS Fee Tariff data
The Prudential Regulation Authority (PRA) has imposed a financial penalty of £4,165,000 on HDI Global SE in connection with the submission of incorrect data to the PRA.
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.
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…