Politics
Streeting says Burnham government will prioritise military over other spending
Defence secretary says he will give arms industry ‘clarity and confidence’ in contrast to row preceding Starmer’s exit
Politics
Politics
Lloyd’s of London says ex-boss’s ‘close relationship’ breached compliance rules
Lloyd’s of London has ruled that its former boss John Neal breached compliance rules by failing to disclose a “close relationship” with a female colleague that risked triggering conflict of interest concerns at the insu…
Politics
Oil price rises above $95 mark as Middle East conflict escalates
The price of oil has breached the $95 a barrel mark for the first time in six weeks as the escalating Middle East conflict threatens further disruption to global supplies.
Politics
PRA consults on updated guidance for friendly society amalgamations and transfers
Financial mutuals play an important role in the UK financial services sector, and the PRA is committed to supporting their long-term, sustainable growth and ability to compete effectively alongside other firms. In the P…
Politics
Arrests and searches made as part of a fraud and money laundering investigation
Four people have been arrested and search warrants executed in Hackney, Beckenham and Slough as part of a FCA and police investigation into fraud and money laundering.
Politics
Wetherspoon’s issues fourth profit warning in seven months
JD Wetherspoon has issued its fourth profit warning in seven months, with the pub chain blaming worse-than-expected sales, despite the World Cup, as it struggled with rising costs for food, workers, energy and property …
Politics
Anthropic to support FCA’s Supercharged Sandbox
Anthropic will support the second group of firms in the FCA's Supercharged Sandbox.
Politics
Norway’s national oil company profits double to $11.5bn amid war on Iran
Profits at Norway’s state oil company nearly doubled to $11.5bn (£8.6bn) in the three months to the end of June as the jump in oil and gas prices caused by the war against Iran boosted earnings.
Politics
‘Risking blackouts’? How Great Britain’s grid operator was dragged into a political row
In a control room in Wokingham, Berkshire, staff work around the clock, minute by minute, to align Great Britain’s fluctuating power supplies with its ever-changing demand.
Politics
OpenAI says its models went rogue and hacked startup in ‘unprecedented incident’
OpenAI has revealed an autonomous AI agent powered by its technology went rogue during a test, accessed the open web and hacked a prominent startup by itself in an “unprecedented incident”.
Politics
World’s largest meat company faces legal challenge over green credentials of $6bn global expansion
The world’s biggest meat company, JBS, faces a landmark legal challenge to disclose how its $6bn (£4.5bn) global expansion plan is compatible with responsibilities to the climate, nature and human rights.
Politics
UK inflation falls to 2.6% in lift for Burnham’s cost of living plans
UK inflation dropped by more than expected in June to 2.6%, in a boost for Andy Burnham’s plans to reduce the cost of living.
Politics
Trump must divulge financial details about businesses in $10bn BBC lawsuit
Donald Trump must divulge detailed financial information from his many businesses as part of his $10bn defamation lawsuit against the British Broadcasting Corporation, a federal judge ruled during a discovery hearing on…
Politics
‘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…
Politics
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
Politics
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…
Politics
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
Politics
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.
Politics
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.
Politics
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…
Politics
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.
Politics
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.
Politics
‘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…
Politics
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.