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Amazon cargo plane crash at Miami airport kills five

MIAMI (AP) — An Amazon cargo plane barreled off a runway at Miami International Airport on Sunday, killing at least five people and injuring five others as it struck vehicles and was engulfed in flames, authorities said.

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The £70 refund letter that isn't a scam

You may be among the one million people, mostly women, who will receive letters explaining how you are eligible for top-up pension payments - and it's not a scam.

World

OPEC+ pauses oil output policy steady for October

After international oil prices experienced dramatic swings of sharp gains and steep losses, the latest policy direction from the Organization of the Petroleum Exporting Countries and its allies (OPEC+) has emerged. Acco…

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Britain cuts infrastructure appraisal rate to boost investment

As anticipated in our last global economic outlook, elections around the world have driven notable policy changes that altered the trajectories of inflation, borrowing costs, currency values, and trade and capital flows…

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Is CoreWeave at the Mercy of the Bond Market?

CoreWeave, which rents GPU computing capacity to AI labs and hyperscalers, sits at the heart of a circular financing story that worries some investors. CoreWeave’s total debt sits at $35 billion as of June 30, up sharpl…

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US diesel prices hit an all-time-high

Drivers in the US are paying more than ever for diesel at the pump as the US-Israel war with Iran continues to hit Americans' wallets.

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European stocks: What if the Fed hikes in September?

Markets are pricing several rate hikes from the major central banks despite scant evidence that the energy crisis is seeping into broader inflation. Yet James Smith argues investors are right to worry about higher oil a…

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Volkswagen board approves plan to cut another 50,000 jobs

The board of German car giant Volkswagen has approved a plan to cut another 50,000 jobs as part of a sweeping turnaround programme. It brings the total number of roles the company plans to shed by 2030 to 100,000.