for 13 timeer sidenGood, mad and ugly: the US economy’s performance under Trump – in charts
Despite president’s claims of an economic boom, picture is chaotic – healthy GDP growth but weak jobs figures According to Donald Trump’s White House, the US economy is booming, inflation is dead and jobs are surging. A blizzard of economic reports has cast a pall on such claims in recent days. This week’s data on Trump’s early economic record was mixed – good, mad and ugly – with jobs numbers so weak he reached for the catchphrase he once used to build himself into a reality TV star: you’re fired. Continue reading...
for 14 timeer sidenUK food inflation: why your barbecue meat is becoming more expensive
Burger, sausage and chicken prices soar, while cost of cheese slices, brioche buns and soft drinks also rises The weather is not the only thing putting a dampener on impromptu barbecues as consumers balk at the soaring cost of burgers, sausages and chicken to put on the grill. At nearly £4, a four-pack of supermarket own-label beef quarter-pounders costs 53%, or £1.37, more than this time last year, according to the price analysts Assosia. With steak and kebabs also off the menu because they are too pricey, Britons are switching to poultry. Continue reading...
for 1 dag sidenSupreme court hands partial win to car finance companies over compensation claims
Ruling deals a blow to many consumers and the claims industry as judges dismiss compensation save for the most serious cases The supreme court has partly overturned a lower court decision on the car finance commission scandal, closing the door to compensation except in more serious cases. In their ruling, a panel of justices led by the supreme court president, Lord Reed, only upheld one consumer’s case, originally filed by borrower Marcus Johnson. Cases brought by two other consumers – alleging that commissions paid to car dealers were bribes and that dealers owed a duty of loyalty to the customer – were rejected. Continue reading...
for 1 dag sidenBarclays follows HSBC in exit from banking industry’s net zero alliance
US banks have already pulled out of NZBA, the UN environment programme’s finance initiative Barclays has become the second UK bank to withdraw from a UN-backed net zero target-setting group, claiming that a wave of defections by international lenders meant it was no longer fit for purpose. It marks a fresh blow for the Net-Zero Banking Alliance (NZBA), after HSBC left in early July. It came months after a wave of exits by US banks, which departed in the run-up to Donald Trump’s inauguration in January. Continue reading...
for 1 dag sidenAdani promised Australia billions from its Carmichael mine but it hasn’t paid a cent in tax. How did we get here?
The coalmine generated millions in revenue in its early days but recorded an operating loss – a pattern that would repeat at scale Get our breaking news email, free app or daily news podcast It was entirely foreseeable, and has resulted in billions of dollars in forgone revenue for Australia. But just how did policymakers fail to extract a single cent in company tax from Adani’s Carmichael coalmine, even though it opened during the start of a commodity price boom? Continue reading...
for 1 dag sidenFirst Thing: Stock markets fall as US announces new tariff rates on dozens of countries
Donald Trump orders levies ranging from 10% to 41% but extends deadline to next week. Plus, how did Labubu dolls became a ‘social currency’? Good morning. Donald Trump has signed an executive order imposing tariffs ranging from 10% to 41% on imports from dozens of trade partners, in his latest attempt to reshape the global economy. Which countries have higher rates? Rates were set at 25% for India’s US-bound exports, 20% for Taiwan and 30% for South Africa. Switzerland faces a rate of 39%. The deadline for a tariff deal with Mexico was extended by another 90 days. What has Israel said? As Gaza has slid into famine this summer, Israeli officials have variously denied the existence of mass starvation, claimed without evidence that Hamas steals and hoards aid, or blamed hunger on UN distribution failures, sharing pictures of aid pallets awaiting collection inside the border. Continue reading...
for 1 dag sidenHeathrow’s third runway ‘is going to be empty’ if it means high fees, says BA owner
IAG warns price paid per passenger could double under airport’s plans to invest almost £50bn in expansion Heathrow submits ‘shovel-ready’ plans for third runway Why is Heathrow’s third runway back on the agenda? What will expanding Heathrow do to UK’s net zero plans? Heathrow’s third runway “is going to be empty” if high charges are levied on airlines and passengers to foot the bill, the airport’s biggest customer has warned. British Airways’ owner, International Airlines Group (IAG), said the price paid per passenger could double under plans revealed on Thursday by Heathrow to invest almost £50bn in expansion and upgrades, including a £21bn third runway and new terminals. Continue reading...
for 1 dag sidenUS adds 73,000 jobs in July amid economic pressure from Trump’s trade war
July jobs growth slowed amid rising signs Trump’s tariffs are weighing on trade, prices and hiring US politics live – latest updates The US economy added 73,000 jobs in July, far lower than expected, amid ongoing concerns with Donald Trump’s escalating trade war. Forecasters surveyed by Bloomberg had predicted the July jobs report would show a drop in added jobs of around 109,000. The unemployment rate rose to 4.2% from 4.1% in June. Continue reading...
for 1 dag sidenLabour MPs urge Thames Water to recover £2.5m paid to executives in April
Exclusive: Letter to water company sets out demands, including resolving most severe cases of pollution Thames Water should claw back £2.5m in bonuses that were paid to executives in April, 27 Labour MPs representing constituencies served by the utility have urged. The MPs said it was “disgusting” that the company was hiking water bills “to pay for executives’ failings when those same executives were receiving multimillion-pound bonuses”. Continue reading...
for 1 dag sidenCar finance scandal: UK supreme court poised to give ruling on hidden commissions
Verdict could could pave way for millions of motorists to claim compensation for mis-selling The UK’s highest court is poised to give its verdict on the £44bn car finance scandal, which could pave the way for millions of motorists to claim billions of pounds in compensation for mis-selling. The supreme court judgment, which will be handed down after financial markets close at 4.35pm on Friday, will decide whether or not to uphold a finding by the court of appeal in October that hidden commissions paid to car dealers by lenders were unlawful. Continue reading...
for 1 dag sidenUK house prices rebound as market recovers from June dip
Average price of property rises 0.6% in July to £272,664, says Nationwide House prices in the UK returned to growth last month, as the market recovered from a dip in June after the end of a tax break on stamp duty. The average price of a home rose 0.6% in July to £272,664, bouncing back from the biggest month-on-month fall in more than two years in June, according to Nationwide. Continue reading...
for 1 dag sidenAustralianSuper divests more than $26m of shares in poker machine giant Aristocrat from socially aware option
The ‘highly significant’ decision comes after criticism of superannuation funds increasing their investment in the gambling industry Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast Australia’s largest superannuation fund has divested more than $26m of shares in poker machine giant Aristocrat from its “socially aware” option, after sustained criticism of its support for the gambling industry. The decision was made after a review of investments to ensure the fund was meeting the expectations of its ethically minded members. Continue reading...
for 1 dag sidenAustralia dodges latest Trump tariff hikes as most imports held at 10%
Spokesperson for Australian trade minister says ‘no country has reciprocal tariffs lower’ Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast Australian goods imported into the US will continue to attract the baseline 10% tariff, with Australia dodging any tariff increase in the latest round of Donald Trump’s global trade war. On Thursday night US time – Friday morning in Australia – Trump issued an executive order confirming new tariff deals for several trading partners, as well as revised tariffs for a number of other countries. Continue reading...
for 1 dag sidenTrump imposes tariffs of 10% to 41% on dozens of countries, hours before deadline
High levies affecting some of world’s poorest countries are to go into effect in seven days, while Mexico granted 90-day extension Trump announces sweeping new tariff rates – US politics live US president Donald Trump has signed an executive order imposing reciprocal tariffs ranging from 10% to 41% on imports from dozens of countries and foreign locations, as he extended the deadline for a tariff deal with Mexico by another 90 days. Rates were set at 25% for India’s US-bound exports, 20% for Taiwan and 30% for South Africa ahead of Trump’s self-imposed deadline to strike trade deals with countries around the world by 1 August. Continue reading...
for 1 dag sidenHeathrow submits ‘shovel-ready’ plans for third runway
Government says expanding Europe’s largest airport could create 100,000 jobs and drive growth Why is Heathrow’s third runway back on the agenda? Heathrow has submitted its “shovel-ready” plans for a third runway as part of a £50bn investment, as the government said expanding Europe’s largest airport could create 100,000 jobs and drive growth. The 2-mile (3.2km) runway expansion would cross a diverted M25 and allow more than 750 additional flights a day over London, helping bring the total annual number of passengers to 150 million. Continue reading...
for 1 dag sidenApple quietens Wall Street’s fears of China struggles and slow AI progress
Tech giant sees double-digit revenue rise, with huge gains in iPhone sales, despite stock-price drop and looming tariffs Apple has been under pressure this year. It’s playing catch-up to its fellow tech giants on artificial intelligence, it’s seen its stock fall by double digits since the year began, it closed a store in China for the first time ever this week, and looming US tariffs on Beijing threaten its supply chain. On Thursday, the company released its third-quarter earnings of the fiscal year as investors scrutinize how the iPhone maker might turn things around. Despite the gloomy outlook, the company is still worth more than $3tn, and it beat Wall Street’s expectations for profit and revenue this quarter. Apple reported a massive 10% year-over-year increase in revenue to $94.04bn, and $1.57 per share in earnings. That’s substantially more than the $89.3bn in revenue and $1.43 per share that analysts predicted and is the company’s biggest revenue growth since 2021. Continue reading...
for 6 dager sidenPrivate equity fund offers car tycoon €1.1m to settle claim over investment cash
Big Motoring World founder Peter Waddell says Freshstream made him forfeit sum as it saw him as a nuisance A private equity company accused of ousting a multimillionaire used car salesman from his own business has offered to pay €1.1m (£950,000) to settle a separate case with him. Peter Waddell filed his first high court claim against Freshstream last year, alleging that the investment firm used an independent investigation into contested sexist, racist and abusive comments “as a means of securing [his] exclusion” from his used car empire, Big Motoring World. Freshstream had acquired a one-third share in Big during 2022. Continue reading...
for 1 uke sidenWater chiefs’ pay rises to average of £1.1m despite ban on bonuses and outrage over pollution
Total remuneration at companies in England and Wales – many of them under scrutiny for sewage discharge – was £15m in 2024-25 The pay of water company chief executives in England and Wales rose by 5% in the last financial year to an average of £1.1m, despite a ban on bonuses for several companies and widespread outrage over the sector’s poor performance. Total pay reported by water companies reached £15m in 2024-25, up 5% on £13.8m the previous year, according to Guardian analysis of 14 companies’ annual reports. Continue reading...
for 1 uke sidenFeeling flush? Americans can Venmo government to help pay off US debt
Method of payment a recent addition as US treasury gives kind-hearted citizens chance to help reduce $36.72tn debt John F Kennedy’s sage words from his inaugural address are forever seared into America’s political consciousness: “Ask not what your country can do for you – ask what you can do for your country.” Continue reading...
for 1 uke sidenNationwide boss’s £7m pay package is an ‘obscenity’, says member of mutual
Rise of 43% in Debbie Crosbie’s maximum payout approved at building society’s AGM despite controversy A £7m pay package for the Nationwide chief executive, Debbie Crosbie, has been labelled an “obscenity” and hypocritical by members of the mutual, even as it gained approval at the building society’s AGM on Friday. Concerned members who tuned into the online-only meeting on Friday morning criticised the board’s plan to increase Crosbie’s maximum payout by 43%, saying the move was out of touch and did not align with the mutual’s principles. Continue reading...
for 1 uke sidenSamaritans closures show brutal reality of financial crisis for UK charities
Household names are having to take drastic action as they lack resources to meet rising demand for their services A week ago the voluntary sector was being love-bombed by ministers at launch of the civil society covenant, an agreement designed to cement the role of charities in the government’s economic growth plans and social renewal mission At one level, it was a heady moment of optimism for a sector used to being patronised and ignored. A few days later, news that the mental health charity Samaritans is to close about half of its 200 branches over the next few years was a reminder of the cold, hard economic reality gripping much of the sector. Samaritans is just the latest household name UK charity to take drastic action to stave off financial crisis. Continue reading...
for 1 uke sidenReeves risks missing fiscal targets and should consider tax rises, says IMF
Chancellor’s plans could be knocked off course by global crisis, poor growth or interest rate shocks, report says Business live – latest updates The International Monetary Fund has said the UK government risks being knocked off course in meeting its targets to repair the public finances and urged Rachel Reeves to give herself more leeway through tax or spending measures. In a final version of an annual report on the UK economy, the Washington-based organisation said changes introduced by the chancellor to the government’s deficit reduction plans had enhanced the credibility and effectiveness of fiscal policy. Continue reading...
for 1 uke sidenAI-backed medical debt company claims payment plans can help US healthcare costs
PayZen’s model relies on buying hospital debt at discount as Republican cuts set to leave millions without insurance The CEO of the artificial intelligence-backed medical debt purchasing company PayZen believes payment plans can be part of the solution to America’s high-priced healthcare, even as consumer rights advocates warn third-party financial agreements lack transparency. The company is just one in a sea of healthcare financing companies, whose executives see “acceleration” in conversations with cash-strapped hospitals facing historic Republican-led healthcare cuts. Continue reading...
for 1 uke sidenVolkswagen takes €1.3bn hit from ‘high costs’ of Trump tariffs
Manufacturer cuts profit margin range for year as German car exports to US fall sharply Business live -latest updates The German car manufacturer Volkswagen has said Donald Trump’s US import tariffs have cost it more than £1bn in the first half of the year. Volkswagen said it had made strong progress realigning the company, which is considering cutting 35,000 jobs by 2030, but that it had suffered a €1.3bn (£1.13bn) “decline in operating result primarily due to high costs from increased US import tariffs”. Continue reading...
for 1 uke sidenNatWest investors given £1.5bn weeks after full privatisation
Profits rise 4.4% at lender, which plans to distribute interim dividend of 9.5p a share on top of fresh £750m buyback Business live -latest updates NatWest will give a further £1.5bn to shareholders only weeks after the UK government sold the final part of its stake in the once bailed-out bank. The high street lender on Friday announced plans to distribute an interim dividend of 9.5p a share, worth a collective £768m, on top of a fresh £750m share buyback in the second half of the year. Continue reading...
for 1 uke sidenWarm weather and live events give lift to retail sales in Great Britain
Shoppers flock to stores in June for food, drink and merchandise, and also go on short breaks Business live -latest updates Sunny summer weather and a packed schedule of events including Wimbledon, concerts by Oasis and Beyoncé, and international cricket and football sent shoppers flocking to retailers and supermarkets last month. Retail sales volumes in Great Britain rose by 0.9% in June, bouncing back from a sharp fall in May, although slightly below analyst consensus forecasts of a 1.2% month-on-month increase. Continue reading...
for 1 uke sidenNRK: EU innfører toll på norsk stål
I et tollbrev til EØS-landene varsler EU en toll på norske ferro-legeringer, som brukes i produksjon av stål.
for 1 uke sidenNRK: EU innfører toll på norsk stål-vare
I et tollbrev til EØS-landene varsler EU en toll på norske ferro-legeringer, som brukes i produksjon av stål.
for 1 uke sidenFortescue axes two green hydrogen projects after Trump administration’s shift on renewables
‘Lack of certainty’ and step back in green ambition has made it hard for previously feasible projects to proceed, mining company says Get our breaking news email, free app or daily news podcast The iron ore magnate Andrew Forrest’s Fortescue company has cancelled two major green hydrogen projects, laying some of the blame on the Trump administration’s shift away from renewable energy. Fortescue’s decision to cancel the two ventures in Queensland and Arizona are the latest in a run of canned hydrogen projects in Australia and elsewhere that will raise further questions about the future of the clean fuel. Continue reading...
for 1 uke sidenUS regulators approve $8.4bn Paramount-Skydance merger
FCC approval of deal comes after Paramount paid $16m to settle Trump lawsuit over 60 Minutes interview The Federal Communications Commission approved the merger between Paramount Global and Skydance Media on Thursday, clearing the way for an $8.4 bn sale of some of the most prominent names in entertainment, including the CBS broadcast television network, Paramount Pictures, and the Nickelodeon cable channel. The FCC agreed to transfer broadcast licenses for 28 owned-and-operated CBS television stations to the new owners after Paramount paid $16m to settle a lawsuit filed by Donald Trump over a 60 Minutes interview with former vice-president Kamala Harris that aired in October. Continue reading...
for 1 uke sidenA fifth of California homes are investor-owned as state’s affordability crisis deepens – report
New figures show that the Golden state’s rate of investor-owned homes is 19%, with mountain regions up to 83% One in five homes in California is owned by investors, new data reveals, in the latest sign of an affordability crisis that shows no end in sight. The figures, which come from the data tracker BatchData and were analyzed by the Orange County Register, show that California’s overall percentage of investor home ownership sits at 19%. Continue reading...
for 1 uke sidenUSAs sentralbanksjef Jerome Powell forventer å gi seg i 2027
Det melder Reuters.
for 1 uke sidenLA’s main utility to pay wildfire victims although cause of blaze undetermined
Southern California Edison announces program amid concerns state’s wildfire fund will not be able to cover losses Los Angeles’s main utility company will compensate victims of January’s deadly Eaton wildfire – even though investigators have yet to determine whether the company’s equipment sparked the blaze. In a statement released Wednesday, Southern California Edison announced the establishment of the Wildfire Recovery Compensation Program, a voluntary fund it developed in consultation with Kenneth R Feinberg and Camille S Biros, the duo who designed the September 11th Victim Compensation Fund. Continue reading...
for 1 uke sidenCEO pay climbs ahead of Trump tax windfall for wealthy
Starbucks’ CEO already made 6,666 times more than his workers in 2024 Starbucks’ CEO Brian Niccol made 6,666 times more than his average worker last year, according to a report on the growing gap between top executives and their workers. The inequality gap between CEOs’ pay and that of their median workers rose in 2024 to 285 to 1 from 268 to 1 in 2023, according to a report released this week by the largest federation of labor unions in the US, the AFL-CIO. Continue reading...
for 1 uke sidenFears UK gas stockpile to drop for winter as British Gas owner plans sell-off
Centrica keen to stem losses from North Sea Rough storage after company profits halve Britain may have lower gas stockpiles going into the winter after the owner of British Gas indicated it plans to sell its stored gas to help reduce losses at a North Sea gas storage facility. Centrica said the financial losses from its Rough gas storage business were not sustainable, meaning it would aim to sell the existing gas at the site without restocking before winter. Continue reading...
for 1 uke sidenEuropean Central Bank keeps interest rates on hold despite sluggish growth
Central bank shuns calls to reduce borrowing costs as higher US tariffs loom Business live – latest updates The European Central Bank has kept interest rates on hold as figures showed the eurozone economy maintaining a slow pace of economic growth. In what was widely expected to be a pause before further cuts later in the year, the Frankfurt-based central bank shunned calls to reduce the cost of borrowing and held its main interest rate at 2% and the deposit rate at 2.15%. Continue reading...
for 1 uke sidenLloyds boss warns Reeves against hiking taxes on banks as profits rise 17%
Charlie Nunn says higher tax on banking sector would be inconsistent with chancellor’s drive for growth Business live – updates The boss of Britain’s largest mortgage lender has warned Rachel Reeves that increasing taxes on banks in her autumn budget would damage Labour’s plan for the City of London to power an economic recovery. Charlie Nunn, the chief executive of Lloyds Banking Group, said a rise in bank taxation “wouldn’t be consistent” with the chancellor’s overtures as the government pushes to reboot growth. Continue reading...
for 1 uke sidenTesla’s European sales slump as Musk warns of ‘rough quarters’ ahead
Electric carmaker struggles to emerge from sales rut on continent despite updating its bestselling Model Y Business live – latest updates Tesla sales in Europe have collapsed by one-third this year,data shows, after Elon Musk warned the electric carmaker faced “a few rough quarters” ahead. According to the figures published on Thursday by the European Automobile Manufacturers Association (ACEA), sales of Tesla vehicles in Europe slumped 33% to 110,000 in the first half of 2025, compared with 165,000 in the first half of 2024. Continue reading...
for 1 uke sidenITV announces new cost-cutting drive as half-year profits fall 44%
Broadcaster plans £15m in savings and flags £20m cut to programme budget amid continued dip in advertising Business live – updates ITV has launched a further £15m in cost cuts after profits at the broadcaster plummeted by more than 40% in the first half of the year, after struggling to repeat the success of an advertising boom in last year’s men’s European football championships. Pre-tax profits were down by 44% year-on-year to £99m in the first six months, as total advertising revenues fell by 7% to £824m. Continue reading...
for 1 uke sidenMacquarie’s famed pay packages under attack from disgruntled shareholders at AGM
Investors used the group’s annual general meeting in Sydney on Thursday to vote against remuneration plans Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast Macquarie Group has been stung by a shareholder backlash against its executive pay plans amid disquiet over a string of regulatory prosecutions. Investors lodged votes against Macquarie’s remuneration plans in excess of 25%, in a major rebuke of the company’s famed pay packages, triggering a “first strike” at its annual general meeting in Sydney on Thursday. Continue reading...
for 1 uke sidenUK car manufacturing slumps to lowest level since 1953 barring Covid
New vehicles declined 12% in first six months of this year as Trump’s tariffs caused chaos, SMMT figures show British car and van manufacturing slumped in the first half of the year to its lowest since 1953 outside the Covid pandemic, as Donald Trump’s US tariffs caused global industry chaos. UK vehicle manufacturing declined by 12% to 417,200 units in the first six months of the year, figures from the Society of Motor Manufacturers and Traders (SMMT), a lobby group, show. Continue reading...
for 1 uke sidenRBA wary of cutting rates until it has more evidence on inflation, Bullock says
Governor defends cautious approach, saying price pressures have been brought under control without surge in unemployment Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast The Reserve Bank is wary of cutting interest rates until it has gathered more evidence that inflation remains on a path back towards the 2.5% target the RBA governor, Michele Bullock, says as she defended the central bank’s slow and steady approach to monetary policy. In a speech to the Anika Foundation in Sydney, Bullock also said the RBA was not targeting “a certain unemployment rate or number of job losses” in its pursuit of low and stable inflation. Continue reading...
for 1 uke sidenInsurance claims from LA fires could ‘fully exhaust’ $21bn state fund
If regional utility is found responsible for January blaze, fund would pay claims and lawsuit settlements Insurance claims from the Eaton wildfire could “fully exhaust” a state fund that was set up to protect customers when a wildfire is caused by a utility company. The devastating wildfire in Los Angeles killed 17 people and destroyed more than 9,000 structures in January. One leading theory is that ageing equipment belonging to Southern California Edison, the primary electricity provider in the region, ignited the fire. Continue reading...
for 1 uke sidenLabor lifts ban on US beef, saying new measures ‘effectively’ manage biosecurity risks
Move expected to help Australia’s negotiations with Trump administration for lower trade tariffs on exports Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast Labor will lift restrictions on imports of US beef, easing tensions with the Trump administration as the federal government seeks relief from punishing US tariffs on steel and aluminium. The government confirmed on Thursday morning that the Department of Agriculture would allow the imports into Australia, saying the US now “effectively” manages biosecurity risks in beef production. Continue reading...
for 1 uke sidenLow expectations for Tesla’s second-quarter earnings attributed to Musk
Steep drop in new-car sales and stock price at electric car maker linked to CEO’s role in Trump administration It’s been a rocky year for Tesla’s financial outlook. The electric vehicle maker once led the market for gas-free cars, but recently has faced falling stock, steep competition and a CEO who has been described as erratic and a chaos maker. Given the events of the past few months, Wall Street has a pessimistic expectation for Tesla’s second-quarter earnings, to be reported after the bell on Wednesday. Analysts are predicting the company’s second-quarter revenue to be $22.7bn, down 11% from the same time last year, and marking a second straight quarterly decline, according to CNBC. Continue reading...
for 1 uke sidenFinancial Times: EU og USA nærmer seg avtale om toll på 15 prosent
EU og USA nærmer seg en handelsavtale som innebærer 15 prosent toll på europeiske varer, opplyser kilder til Financial…
for 1 uke sidenFinancial Times: EU og USA nærmer seg avtale om toll på 15 prosent
EU og USA nærmer seg en handelsavtale som vil innebære en toll på 15 prosent på europeiske varer som amerikanerne…
for 1 uke sidenRachel Reeves seeks economic heavyweights as advisers reduce roles
John Van Reenen and Anna Valero’s return to academia means chancellor under pressure to recruit experts before autumn budget Business live – latest updates In the run-up to her crunch autumn budget, Rachel Reeves will seek to recruit a heavyweight economic adviser after the role of John Van Reenen is reduced. Van Reenen, a well-respected professor from the London School of Economics (LSE) and an expert in productivity, has been chief economic adviser to the chancellor since Labour came to power. Continue reading...
for 1 uke sidenAustralian bookmaker Betr accused of drawing more than half of January gambling profits from 20 customers
Statement to ASX by rival bookmaker Pointsbet rejects takeover offer and notes risks associated with ‘VIP-heavy customer base’ Get our breaking news email, free app or daily news podcast A major Australian bookmaker has been accused of generating more than half of its gambling profits from just 20 customers in January. The accusation was made to the Australian Stock Exchange by the gambling company Pointsbet, which is resisting a hostile takeover bid by rival company Betr, which was previously partly owned by News Corporation. Continue reading...
for 1 uke sidenEU prepares €100bn no-deal plan to match Trump’s threat of 30% tariffs
If agreed by member states, levies on US goods ranging from aircraft to whiskey could be imposed from 7 August • Business live – latest updates The EU has threatened to impose nearly €100bn (£87bn) worth of tariffs on US imports ranging from bourbon whiskey and Boeing aircraft in one fell swoop if Donald Trump does not agree a trade deal by the end of next week. The European Commission said on Wednesday it now planned to combine two previously prepared separate lists of US goods to be included in any retaliatory moves against the US president’s import tariffs. Continue reading...
for 1 uke sidenYoung men in UK more likely to live with parents than women
Data shows 34% of men aged 20-34 lived with parents in 2024, compared with less than a quarter of women the same age Young men are more likely to live at home with their parents than women of the same age, with a third of 20-34-year-old men in the UK now living in their parental home. Data released by the Office for National Statistics (ONS) showed 33.7% of men aged 20-34 lived with parents in 2024, compared with less than a quarter (22.1%) of women the same age. Continue reading...
for 1 uke sidenHeathrow fire cost airport tens of millions of pounds, says CEO
Thomas Woldbye speaks of damages claim as a possibility and expresses caution over a third runway Business live – latest updates The substation fire that closed Heathrow for almost a day in March cost the airport “tens of millions” of pounds, its chief executive has said. Giving the hub’s first public estimate on the bill from the blaze, Thomas Woldbye said Heathrow had yet to decide whether to pursue National Grid for damages, as it awaited the findings of the energy regulator Ofgem into the incident. Continue reading...
for 1 uke sidenFinancial markets rally after Trump announces tariff deal with Japan
Shares rise sharply after US president says Japanese imports will face 15% levy, instead of threatened 25% Business live – latest updates Financial markets around the world have rallied after Donald Trump announced a trade deal with Japan to minimise the level of tariffs imposed on Japanese goods imported into the US. Share prices rose sharply in Tokyo, where the Nikkei index of leading Japanese companies increased by 3.5%. European markets followed, with the FTSE 100 gaining 0.5% to hit a record high. US markets were expected to post further gains on opening later on Wednesday. Continue reading...
for 1 uke sidenCity trader Tom Hayes’s conviction for Libor rigging is overturned
Supreme court also quashes conviction of banker Carlo Palombo over incorrect directions given to jury Business live – latest updates Tom Hayes, the first banker jailed over the Libor interest rate-rigging scandal in 2015, has cleared his name after the UK’s supreme court overturned a decade-old conviction against the former UBS and Citigroup trader. A panel of five justices, led by Lord Reed, concluded on Wednesday that the judge in Hayes’s original hearing 10 years ago had given “inaccurate and unfair” instructions to the jury that found him guilty on several charges of conspiracy to defraud. This meant the former banker was ultimately “deprived” of a fair trial. Continue reading...
for 1 uke sidenUK watchdog investigates eight years of Deloitte audits of mining firm Glencore
FRC examines whether accounting firm ‘gave sufficient consideration to risk of non-compliance with laws’ The accounting firm Deloitte is under investigation by the sector regulator over eight years of its audits into the FTSE 100 commodities and mining company Glencore and a UK subsidiary. The Financial Reporting Council (FRC) said it was looking into whether Deloitte’s audits of Glencore and its subsidiary Glencore Energy UK for the financial years ending 2013 to 2020 “gave sufficient consideration to the risk of non-compliance with laws and regulations”. Continue reading...
for 1 uke sidenIndian prime minister makes UK state visit to sign landmark trade deal
Britain’s car and whisky industries set for boost while India gets visa concessions, but some sensitive issues unresolved India’s prime minister, Narendra Modi, is visiting London to sign a landmark free trade agreement between his country and the UK, a pact viewed as a political and economic prize amid global trade tensions unleashed by the US president, Donald Trump. For Britain, eager to score a post-Brexit win, the deal is its most economically significant trade agreement since leaving the EU. For India, it marks its first major free trade pact outside Asia. For both, analysts say, the agreement signals a long-term economic partnership. Continue reading...
for 1 uke sidenAustralian taxpayers on the hook to pay Chevron more than $500m to clean up oil wells
Deal struck in 1980s refunds about half of what the US multinational fossil fuel company paid in royalties, documents show Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast The Australian government faces having to pay hundreds of millions of dollars to the American oil and gas company Chevron to help it clean up oil wells on Barrow Island, in Western Australia, under a deal made in the 1980s. The Western Australian government also faces a hefty bill – estimated to be $129m – to help repair an offshore nature reserve where about 900 wells have been drilled over the past six decades. Continue reading...
for 1 uke sidenTelegraph sale poised to go ahead after Lords foreign ownership vote
Consortium led by RedBird Capital in line to buy group for £500m, in deal that would result in UAE retaining 15% stake The sale of the Telegraph looks set to finally go through after government legislation to allow foreign states to own up to 15% in British newspapers survived a potentially fatal vote in the House of Lords. Gerry Cardinale’s RedBird Capital is leading a consortium looking to buy the Telegraph for £500m, in a deal that would result in the United Arab Emirates retaining a stake of 15%. Continue reading...
for 1 uke sidenUK strikes deal with private investors to build £38bn Sizewell C nuclear power plant
Government’s deal with EDF, Centrica and other backers marks end of 15-year journey to win funding for project Business live – latest updates The UK government has struck a deal worth more than £38bn with private investors to back Britain’s biggest nuclear project in a generation, at the Sizewell C site on the Suffolk coast. The long-awaited multibillion-pound deal, which will be paid for through taxes and energy bills, gives the final go-ahead for construction of the nuclear project, which has almost doubled in cost from when it was first proposed. Continue reading...
for 1 uke sidenUK borrowing rises more than expected, putting pressure on Rachel Reeves
June figure of £20.7bn comes as chancellor prepares for autumn budget where she may have to impose tax rises Analysis: Reeves faces gloomy autumn after borrowing overshoots The UK government borrowed more than expected in June amid speculation the chancellor, Rachel Reeves, will need to raise taxes at the autumn budget to repair the public finances. Figures from the Office for National Statistics (ONS) showed public sector net borrowing rose to £20.7bn, up by £6.6bn from the same month a year earlier, to reach the second-highest June borrowing figure since monthly records began in 1993. Continue reading...
for 1 uke sidenBrewDog to close 10 bars amid ‘extremely difficult’ time for hospitality industry
Sites in Aberdeen, Brighton, Camden, Dundee, Leeds and Sheffield among those to shut on Saturday BrewDog will close 10 bars, including its flagship location in Aberdeen, amid an “extremely difficult” environment for pubs and restaurants. James Taylor, the chief executive of the brewer, told staff in an email that it was no longer viable to keep the bars open. They are in Aberdeen, Brighton, Camden, Dundee, Leeds North Street, Oxford, Sheffield, Shepherd’s Bush, Shoreditch and York. Continue reading...
for 1 uke sidenCoca-Cola to launch Coke with cane sugar in the US after Trump post
Experts say switching corn syrup for cane sugar does not make the drink healthier Coca-Cola has laid out plans to launch a product made with US cane sugar this year, days after Donald Trump claimed the company had agreed to replace high-fructose corn syrup. The announcement came Tuesday in Coca-Cola’s earnings report. It confirmed a 16 July post on Trump’s Truth Social platform in which the president said Coca-Cola “agreed” to use “REAL Cane Sugar in Coke in the United States”. The Associated Press and Reuters contributed Continue reading...
for 1 uke sidenBoE governor warns Reeves weakening banking rules risks repeat of 2008 crisis
Radical shake-up to unleash risk-taking in the name of growth would be a mistake, says Andrew Bailey Business live – latest updates The governor of the Bank of England has warned the chancellor, Rachel Reeves, against a radical watering-down of City banking rules because it would risk repeating the mistakes that led to the 2008 financial crisis. Andrew Bailey said that while some changes to the rules could be helpful, wholesale changes to unleash risk-taking in the City of London in the name of economic growth would be counterproductive. Continue reading...
for 1 uke sidenGM says second-quarter core profits fell 32% due to Trump’s tariffs
US automaker says it lost $1.1bn in operating income in last quarter and it expects tariff impact to worsen in the third one General Motors announced Tuesday that Donald Trump’s tariffs knocked $1.1bn off its operating income in its last quarter. The US automaker’s second-quarter core profit fell 32% to $3bn and said it expects the tariff impact to worsen in the third quarter. The company stuck to a previous estimate that trade headwinds threaten to hit the bottom line by $4bn to $5bn. GM said it could take steps to mitigate at least 30% of that impact. Continue reading...
for 1 uke sidenMike Lynch’s estate and business partner owe HP £700m, court rules
Ruling over sale of Autonomy comes a year after death of tech tycoon when his superyacht sank Business live – latest updates The estate of Mike Lynch, who died a year ago when his superyacht sank off the coast of Sicily, and his business partner owe Hewlett-Packard more than £700m, a court has ruled. The US technology company has been seeking damages of up to $4.55bn (£3.37bn) from the estate of the late tycoon, once hailed as the UK’s answer to Microsoft founder Bill Gates, over its disastrous takeover of his British software company Autonomy. Continue reading...
for 2 ukeer sidenThe rise in unemployment shows the UK jobs market is cooling, but it is not collapsing
Despite the latest poor data, wage growth remains resilient and there are ‘signs of confidence returning’ UK unemployment rises as jobs market ‘weakens’ Business live – latest updates Anaemic economic growth, rising inflation, and a worsening outlook in the jobs market. If the inheritance from the Conservatives had been bad, the situation a year in to the new Labour government do not look much better. The latest figures show unemployment nudged up to 4.7% in May, hitting the highest level in four years, while wage growth slowed for a third consecutive month, and employers cut back on hiring. Continue reading...
for 2 ukeer sidenSick pay changes could benefit UK firms by up to £2bn, TUC says
Exclusive: analysis shows covering part of salaries from first day off can boost productivity and employee retention Business live – latest updates Changes to sick pay to cover part of workers’ salaries from the first day off could end up benefiting British businesses by as much as £2bn, according to analysis commissioned by the UK’s main union body. The Trades Union Congress (TUC), which is pushing for the government to stick with its plans for workers’ rights, said modelling showed businesses would gain benefits of £2.4bn thanks to productivity boosts, while facing direct costs of £425m to pay for extra sick days. Continue reading...
for 2 ukeer sidenTrump threatens to impose drug and chip tariffs as soon as 1 August
US president talks of low tariff to give pharmaceutical firms a year or so to build, and then making it ‘very high’ Business live – latest updates Donald Trump has threatened to impose tariffs on pharmaceutical products and semiconductors as soon as 1 August, the latest deadline for the introduction of his “reciprocal” levies on individual countries. The US president told reporters late on Tuesday the taxes on drug imports could be announced “probably at the end of the month, and we’re going to start off with a low tariff and give the pharmaceutical companies a year or so to build, and then we’re going to make it a very high tariff”. Continue reading...
for 2 ukeer sidenTrump says Indonesia to pay 19% tariffs, buy 50 Boeing jets under trade deal
Rate is significantly below the 32% the US president had threatened but timeline for implementation of deal remains unclear US President Donald Trump says he has struck a trade pact with Indonesia resulting in significant purchase commitments from the south-east Asian country, after negotiations to avoid steeper tariffs. Indonesian goods entering the United States would face a 19% tariff, Trump said in a post on his Truth Social platform. This is significantly below the 32% level the president earlier threatened. Continue reading...
for 2 ukeer sidenFrench PM may scrap two public holidays to reduce country’s crippling debt
François Bayrou says Easter Monday and VE Day could become normal workdays as critics call plan ‘a direct attack on France’ France’s prime minister, François Bayrou, has proposed scrapping two public holidays as part of radical measures aimed at reducing the country’s ballooning deficit, boosting its economy and preventing it being “crushed” by debt. Outlining the 2026 budget on Tuesday, Bayrou suggested Easter Monday and 8 May, when France commemorates Victory Day, marking the end of the second world war, although he said he was open to other options. Continue reading...
for 2 ukeer sidenArchitectural home designs for $1: NSW releases housing pattern book aimed at boosting construction
Premier says plans have affordability and fast approval in mind as expert welcomes potential to ‘democratise good design’ Get our breaking news email, free app or daily news podcast What if you could buy architect-designed drawings for a new home for $1 – and have certainty your council would approve it within 10 to 20 days? The New South Wales premier, Chris Minns, will release the state’s housing pattern book on Wednesday, which contains eight blueprints for architect-designed townhouses, terraces and manor houses, chosen from internationally renowned firms including Sam Crawford Architects, Carter Williamson Architects, Saha and Anthony Gill Architects. Continue reading...
for 2 ukeer sidenBBC to look at overhauling licence fee as 300,000 more households stop paying
Annual report says pace of change amid battle with streaming rivals is ‘a moment of real jeopardy for the sector’ A further 300,000 households have stopped paying the licence fee, as the BBC said it was looking at overhauling the payment to secure the corporation’s future “for the long term”. As the broadcaster continues to battle the rise of YouTube and streaming services that have split audiences across numerous platforms, its annual report revealed 23.8m licences were in force at the end of the year, down from 24.1m in 2023-24. The drop means a loss of about £50m in revenue for the corporation. Continue reading...
for 2 ukeer sidenThames Water boss warns of decade-long turnaround as losses hit £1.6bn
Troubled utility blames rainfall as pollution incidents rise by a third It will take at least a decade to turn troubled Thames Water around, the boss of the UK’s biggest water company said, as it slumped to a £1.6bn annual loss. The loss for the 12 months to 31 March comes after a profit of £154m the previous year, even though revenues climbed by 8.7% to £2.7bn. It had net debt of £16.8bn, up from £15.2bn the year before. Continue reading...
for 2 ukeer sidenChina’s economy beats expectations in face of Trump’s trade war
GDP grows 5.2% in second quarter as world’s second largest economy ‘front-loads’ shipments before tariffs kick in Business live – latest updates China’s economy grew more strongly than expected in the second quarter as it proved resilient in the face of Donald Trump’s trade war. China’s gross domestic product (GDP) grew 5.2% in April to June compared with a year earlier, slowing from 5.4% in the first quarter, but just ahead of analysts’ expectations for a rise of 5.1%. Continue reading...
for 2 ukeer sidenStarbucks tells corporate staff in US and Canada to work in office at least four days a week
Seattle-based coffee chain offers payment to those who opt to quit instead as it seeks to ‘re-establish in-office culture’ Business live – latest updates Starbucks has ordered its corporate staff to work from the office at least four days a week from late September and is offering cash payments to those who choose to quit instead. Brian Niccol, the chief executive of the Seattle-headquartered coffee chain, said many of its employees would be required to work in the office for a minimum of four days a week, up from three, from Monday to Thursday. This will apply to its Seattle and Toronto support centres and regional offices in North America. Continue reading...
for 2 ukeer sidenFTSE 100 breaks through the 9,000-point barrier to reach new record high
London’s blue-chip index has risen 10% in 2025 helped by investor flight from US stocks amid Trump’s trade policies Business live – latest updates Britain’s blue-chip stock index has risen through the 9,000-point mark to touch a new record high. The FTSE 100 share index hit 9,016.98 points in early trading on Tuesday, taking its gains during 2025 to more than 10%. Continue reading...
for 2 ukeer sidenThousands of vehicles sit idle at EU port as Trump’s tariffs leave their mark
Port of Antwerp-Bruges figures show 15.9% drop in export of cars, vans, trucks and tractors to US The Port of Antwerp-Bruges has been turned into a giant car park with thousands of cars, vans, trucks and tractors bound for the US sitting idle as manufacturers try to avert the worst of Donald Trump’s tariffs. Figures released by the port show a 15.9% drop in the transport of new passenger cars and vans to the US in the first six months of 2025 compared with the same period last year, with a sharp decline emerging in May – one month after the US president announced his “liberation day” tariffs. Continue reading...
for 2 ukeer sidenPost Office could hand ownership to staff amid review after Horizon scandal
Ministers to consider mutualisation as an option in first big review of the organisation in 15 years Business live – latest updates Ministers are to consider handing over ownership of the Post Office to its operators after the Horizon IT scandal. The Department for Business and Trade (DBT) has published a green paper, starting the first big review of the scandal-plagued organisation in 15 years. Continue reading...
for 2 ukeer sidenTrump’s 30% tariffs would ‘practically prohibit’ EU-US trade, says Šefčovič
EU trade chief says his team felt ‘very close’ to an agreement before US president’s comments at the weekend Business live – latest updates Donald Trump’s threat to impose 30% tariffs on European goods would “practically prohibit” transatlantic trade, the EU’s lead negotiator with the US has said. Arriving for talks with European ministers in Brussels, Maroš Šefčovič, the EU trade commissioner, said a tariff of 30% or more would have a huge impact, making it “almost impossible to continue” current transatlantic trade, which is worth €4.4bn (£3.8bn) a day. Continue reading...
for 2 ukeer sidenTax pubs on profit not turnover, urges Greene King boss
Chain reports £147m loss last year as business rates blamed for accelerating closures The boss of the pub chain Greene King has called for changes to business rates to remedy “unfairness” that he said added to financial pressures on the struggling pubs industry. Nick Mackenzie, Greene King’s chief executive, said the business rates system of property taxes should be changed to a tax on profits. Continue reading...
for 2 ukeer sidenBank of England governor says jobs slowdown could prompt rate cut; European markets fall after Trump tariff threat – business live
Rolling coverage of the latest economic and financial news, as Andrew Bailey insists: “I think the path [for interest rates] is down”. A Bank of England interest rate cut next month is looking more likely, according to the latest city pricing. The money markets are indicating there’s now an 85% chance that the Bank cuts interest rates at its next meeting on 7 August, up from 76% at the end of last week. Friday’s disappointing GDP figures, combined with these weak jobs figures boost the case for the Bank of England to cut interest rates in August. The central bank’s governor Andrew Bailey told The Times ‘slack’ was opening up in the labour market, and he believes ‘the path is downward’ for interest rates. All eyes are on Wednesday’s inflation report with CPI expected to remain at remain around 3.4% in June, roughly unchanged for the third consecutive month.” Continue reading...
for 2 ukeer sidenPound drops after Bank of England says it could cut interest rates more if jobs market slows
‘Slack’ opening up in UK economy as higher taxes squeeze employers, says Andrew Bailey Business live – latest updates The pound has dropped to a three-week low after the governor of the Bank of England said it could make bigger cuts to interest rates if the job market slows too quickly. Andrew Bailey said “slack” was opening up in the UK economy, as higher taxes have squeezed employers. Continue reading...
for 2 ukeer sidenTrump’s latest tariffs ‘are real’ unless deals improve, economic adviser says
Kevin Hassett says talks are ‘ongoing’ after US president announced 30% tariffs on goods from EU and Mexico Donald Trump has seen some trade deal offers and thinks they need to be better, Kevin Hassett, the White House economic adviser, said on Sunday, adding that the president will proceed with threatened tariffs on Mexico, the European Union and other countries if they don’t improve. “Well, these tariffs are real if the president doesn’t get a deal that he thinks is good enough,” Hassett told ABC’s This Week program. “But you know, conversations are ongoing, and we’ll see where the dust settles.“ Continue reading...
for 2 ukeer sidenWhy is the number of first-time US homebuyers at a generational low?
Young Americans are holding off on buying a home, with the average age in 2024 being a record high of 38 A cornerstone of the American dream is drifting out of reach. The estimated number of first-time homebuyers in the US dropped to a little more than 1.1 million in 2024, according to data from the National Association of Realtors shared with the Guardian: the lowest level since the NAR started tracking new buyers, in 1989. Continue reading...
for 2 ukeer sidenCould AI be accelerating slowdown in the UK job market?
Country’s economic woes remain main determinant to work opportunities but technological change is also creeping in Ask ChatGPT whether artificial intelligence is contributing to Britain’s cooling jobs market and the chatbot acknowledges its own role – but adds a caveat: “Yes, AI is contributing to job losses in the UK, but its impact is nuanced and varies by industry, skill level, and job function.” There are concerns that AI could be one culprit behind the slowdown, as the ascendant technology destroys workers’ jobs. Rising employment costs and higher taxes. Monetary tightening and high interest rates. Broader economic slowdown. Weaker hiring demand. The labour market adjusting to a “new normal”. Continue reading...
for 3 ukeer sidenTrump’s 10% tariff on most UK goods ‘here to stay’, says Lord Mandelson
British ambassador to US believes universal levy unlikely to change but there is ‘scope’ for negotiations in some sectors The 10% tariffs on most UK goods imported into the US are likely “here to stay”, according to Lord Mandelson. The British ambassador to the US said the “universal 10% tariff” was unlikely to change but that there was “scope” for negotiations in different sectors and industries, such as technology. Continue reading...
for 3 ukeer sidenDonald Trump announces 30% tariffs on goods from the EU and Mexico
The president made the announcement on social media, even as the EU was hoping for a trade agreement Donald Trump announced on Saturday that goods imported from both the European Union and Mexico will face a 30% US tariff rate starting 1 August, in letters posted on his social media platform, Truth Social. The tariff assault on the EU came as a shock to European capitals as the European Commission and the US trade representative Jamieson Greer had spent months hammering out a deal they believed was acceptable to both sides. Continue reading...
for 3 ukeer sidenThames Water spent £136m on securing emergency funding, leaked document suggests
‘Atypical expenditure’ document suggests utility’s costs over 12 months outstripped the £130m it paid in fines Thames Water spent at least £136m on the effort to secure emergency funding over 12 months, according to a leaked document that suggests costs outstripped the £130m the struggling utility paid in fines. The law firms Linklaters and Akin Gump received £45m and £26m respectively during the financial year to March 2025, and another 10 firms were paid more than £1m, according to a document listing “atypical expenditure” for the year, seen by the Guardian. It is the first time the fees paid by Thames Water have been detailed publicly. Continue reading...
for 3 ukeer sidenRachel Reeves expected to review pensions auto-enrolment
Exclusive: Announcement expected as part of series of changes outlined in chancellor’s Mansion House speech The chancellor, Rachel Reeves, is expected to trigger a review of the auto-enrolment pension scheme next week in a move that could ultimately force employers to raise their contributions to staff retirement pots. The announcement could come as early as Monday, forming a key part of the Labour government’s pensions review, industry sources told the Guardian. Continue reading...
for 3 ukeer sidenNational Trust to cut at least 550 jobs after £10m rise in costs from Reeves’s budget
Exclusive: Charity hit by increase in employer national insurance and minimum wage and aims to save £26m The National Trust is to cut at least 550 jobs in a cost-cutting drive that aims to save £26m after changes made in the chancellor Rachel Reeves’s debut budget pushed up labour costs. The conservation charity, which looks after 500 historic houses, castles, parks and gardens, said a more than £10m rise in costs in employer’s national insurance and the minimum wage in April had outstripped an increase in income from welcoming more visitors. Continue reading...
for 3 ukeer sidenFears Heathrow’s move to raise airport fees by ‘excessive’ 17% will push up fares
Airport is seeking increase to expand passenger capacity and fund new lounges, shops and restaurants Business live – latest updates Heathrow is seeking to raise the landing fees it charges airlines by 17% as part of a plan to invest £10bn into Europe’s busiest airport, in a move airlines say will push up air fares for travellers. The airport operator has made a submission to the Civil Aviation Authority (CAA) to increase the fees, saying the rise would fund a plan to increase annual passenger capacity to 92 million and expand terminal space for new lounges, shops and restaurants. Continue reading...
for 3 ukeer sidenUS will impose 35% tariffs on Canadian imports, Trump says in letter
New levies, apart from the 25% on auto parts and 50% on steel and aluminum, will come into effect on 1 August Donald Trump has said the US will impose a 35% tariff on imports from Canada next month and threatened to impose blanket tariffs of 15% or 20% on most other trade partners. In a letter released on his social media platform, Trump told Mark Carney, the Canadian prime minister, the new rate would go into effect on 1 August and would increase if Canada retaliated. Continue reading...
for 3 ukeer sidenAustralia news live: former Sydney councillor picked by Trump for ambassador role; Segal quizzed on antisemitism measures
Follow the day’s news live Get our breaking news email, free app or daily news podcast Housing market values in almost half of all Australian suburbs are at all-time highs – and plenty more are expected to join them, Australian Associated Press reports. In a sure sign the housing market has recovered, property platform Cotality, formerly known as CoreLogic, released data today showing record values in almost 45% of suburbs. Continue reading...
for 3 ukeer sidenNorsk Tipping: – Ikke overrasket over Lotteritilsynets vurdering
Norsk Tipping sier de ikke er overrasket over Lotteritilsynets vurdering og at de ser fram til å få tilsyn etter…
for 3 ukeer sidenRoyal Mail gets go ahead to axe second-class post on Saturdays
Deliveries will also alternate on weekdays as Ofcom says ruling reflects changing behaviour of users Royal Mail has been given the green light to drop Saturday deliveries of second-class letters and provide services only on alternating weekdays from Monday to Friday under new rules announced by the regulator. Ofcom said that reforms of the Universal Services Obligation reflected changing behaviour of postal users, with fewer letters being sent across the country. The regulator said it could end up saving the postal delivery service between £250m and £425m each year. Continue reading...
for 3 ukeer sidenLast orders: Pubs in Britain will close at rate of one a day in 2025, trade body warns
The British Beer and Pub Association calls for help to cut pub costs with 378 pubs in England, Scotland and Wales likely to call time this year British pubs will close down at the rate of one a day this year, the industry’s trade body has warned, blaming high business taxes. At the same time, the hospitality sector has called on ministers to tackle “eye-watering” costs. The British Beer and Pub Association (BBPA), which represents more than 20,000 pubs in the UK, said it expects 378 to close this year in England, Scotland and Wales, at a cost of 5,600 jobs. Continue reading...
for 3 ukeer sidenAs much as £5bn needed to revive UK’s struggling high streets, study finds
Business rates cuts not enough as people in poorer areas simply ‘don’t have money to spend’, says Centre for Cities As much as £5bn is needed to revive ailing UK town and city centres, with areas including Bradford in Yorkshire, Newport in south Wales, and Blackpool in Lancashire having double the proportion of empty shops as London, a study has found. A report from the Centre for Cities thinktank showed that the health of high streets across the country has varied significantly, and called for authorities to focus on developing homes and high-paying jobs in central locations to increase local spending power. Continue reading...
for 3 ukeer sidenAustralian rental costs easing for some ‘maxed out’ tenants even as property prices edge up
While rents are at record highs in most state capital cities, the pace of increases in most city suburbs has slowed Get our breaking news email, free app or daily news podcast Some city suburbs are recording a lull in rents even as property prices take off again, as cash-strapped tenants curb landlords’ ability to push rents higher. While rents are at record highs in most state capital cities, the pace of increases in most city suburbs has slowed, stalled, and in some cases reversed, according to a new report by property portal Domain. Sign up for Guardian Australia’s breaking news email Continue reading...
for 3 ukeer sidenHS2 already billions over budget with work ‘just over halfway done’, says rail boss
Total overspend on high-speed rail could be as much as 100%, Mark Wild, who runs the project, told MPs HS2 construction contracts priced at £19.5bn have already cost £26bn despite being “just over halfway done”, the boss of the high-speed rail project has told MPs. Civil engineering to build tunnels and cuttings for the 100-mile line should be almost finished but is closer to 60% complete, while only a third of the wider project – including laying tracks and wiring – is done, the transport select committee heard on Wednesday. Continue reading...
for 3 ukeer sidenThreat of Trump tariffs ‘puts businesses at risk of going bust’
Bank of England says further rise in trade taxes could weaken demand, increase costs and make banks less willing to provide loans Business live – latest updates The looming threat of much higher tariffs amid Donald Trump’s trade war could lead to a fresh wave of companies going bust and cause financial losses for banks, the Bank of England has warned. The Bank’s financial policy committee said a rise in trade levies would compound existing vulnerabilities, with the risks to global growth and inflation having grownas a result of the president’s ever-changing border tax rates and an escalating conflict in the Middle East. Continue reading...