Politics
Labour should ditch triple-lock pensions promise, says OECD
Labour should ditch the triple-lock pensions promise to help tackle the UK’s straitened public finances, the Organisation for Economic Cooperation and Development has urged.
Politics
Politics
Heating oil customers to get up to £350 compensation for cancelled orders
Heating oil customers whose deliveries were cancelled when the war in the Middle East caused a price surge are to receive compensation of up to £350 each following an investigation by the UK competition watchdog.
Politics
Labour must stop just writing a cheque for benefit claimants, says McFadden
Labour must stop “simply writing a cheque” for health and disability benefit claimants and will provide more job support instead, the work and pensions secretary has said.
Politics
Meta used AI to tag workers who took leave to be laid off, lawsuit claims
Lawsuit filed by dozens of employees says people who took maternity or disability leave were disproportionately selected for layoffs
Politics
Global cooperation needed to tackle AI threats, says Bank of England governor
The Bank of England governor has called for international cooperation to tackle growing AI threats, warning that the US and Trump administration would not be able to achieve their ambitions alone.
Politics
IBM loses quarter of its value as tech giant’s shares plunge and profits falter
IBM issued profit warning after weak second quarter, triggering selloff in software sector including Microsoft
Politics
Inflation cools to 3.5% in June in relief brought by brief US-Iran peace deal
Inflation cooled to an annual rate of 3.5% in June as the brief US-Iran ceasefire, which has since ended, brought energy prices down, according to new data from the Bureau of Labor Statistics.
Politics
T rex fossil ‘Gus’ sells for $50.1m at New York auction, setting new record
A vast, fossilized Tyrannosaurus rex nicknamed Gus sold at Sotheby’s in New York on Tuesday for $50.1m with fees (£37.4m) to a phone bidder – making it the most valuable dinosaur fossil sold at auction.
Politics
PRA and FCA propose new captive insurance regime to drive UK growth and competitiveness
Innovative new proposals aim to establish the UK as a centre for the fast-growing captive insurance market. This will support economic growth, leverage the UK market's expertise and cement its position as the location o…
Politics
Minutes of the Board's discount rate meetings on June 8 and June 17, 2026
The Federal Reserve Board on Tuesday released the minutes from its recent meetings to review and determine the discount rates provided to depository institutions through the discount window. Today's minutes cover the Bo…
Politics
US inflation rate eases to 3.5% as gasoline prices fall
Inflation in the US eased last month as the cost of filling up at the pumps fell, official figures show.
Politics
New member appointed to the Regulatory Decisions Committee
The FCA Board has appointed Dan Lavender as a new member of its Regulatory Decisions Committee (RDC).
Politics
Buffett omits gift to Bill Gates’ foundation after his Epstein ties disclosed
Billionaire Warren Buffett omitted Bill Gates ′ foundation from his annual donations this year after disclosures of the Microsoft co-founder’s ties to convicted sex offender Jeffrey Epstein . Buffett will donate about $…
Politics
Streamlined rulebook to save asset managers £128m a year
The FCA has proposed a package of reforms that would tailor requirements proportionately for asset managers, cut costs for firms and give better data to supervise the sector more effectively.
Politics
Johnson government wasted £10bn on PPE, Covid inquiry finds
Boris Johnson’s government wasted £10bn of public money because of the flawed way it went about buying personal protective equipment during the coronavirus pandemic, an official inquiry has concluded.
Politics
‘If we die, we die together’: wife of Ryanair passenger almost sucked through window speaks
A woman who saved her husband from being completely sucked out of a Ryanair plane mid-flight has said she thought as he held on to his legs: “If we die, we die together.”
Politics
China’s monthly car exports top 1m for first time as overall trade soars
China’s monthly car exports topped 1m for the first time in June as overall overseas shipments from the world’s second biggest economy rose 27%.
Politics
US refunds $81bn in Trump tariffs after supreme court ruled them illegal
The US government has already paid back tens of billions of dollars in tariffs it collected before the supreme court ruled them illegal, according to budget figures released on Monday.
Politics
ECB selects 36 payment service providers to join digital euro pilot
The European Central Bank (ECB) has selected 36 payment service providers (PSP) from across the euro area to participate in the digital euro pilot. The pilot exercise is crucial for testing the digital euro’s technical …
Politics
UK’s alcohol-free beer boom threatened by regulations, trade body warns
BBPA wants content definition for beer to be considered alcohol free to be changed from 0.05% to 0.5%
Politics
South East Water to pay £30.5m penalty after multiple supply failures
South East Water will pay £30.5m after a series of supply interruptions, customer failings and for breaching its licence, the regulator Ofwat has said.
Politics
North Sea oil industry urges Burnham to approve new drilling in UK waters
The UK’s North Sea oil industry has made a last-ditch attempt to curry favour with the Labour government by appealing to Andy Burnham’s reindustrialisation agenda just days before he is expected to become Britain’s next…
Politics
World Cup and sunshine prompt UK consumers to splash out on beer and online shopping
Relentless sunshine and the World Cup coaxed consumers to spend more on beer and online shopping last month, with purse strings expected to remain loose as England fans gear up for Wednesday’s semi-final.
Politics
Lawyers to investigate claims of GB power grid cover-up over blackout risk
Great Britain’s grid operator has brought in independent investigators to look into accusations that its staff were involved in a cover-up over the power system being at a greater risk of blackouts during the heatwave.