Economy & Money
European economy, markets, the euro, ECB, inflation and business.
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Bank of England holds main interest rate at 3.75% as inflation steadies
The Bank of England left its key interest rate unchanged at 3.75% for a fourth consecutive meeting after fresh data showed inflati…
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Greece's PosoKanei app lets shoppers compare supermarket prices in real time
Through its website and app, PosoKanei allows consumers in Greece to see where products are cheapest in real time, compare prices …
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Oil sinks further as Trump and Pezeshkian sign deal to end Iran war
Crude prices fell further on Thursday after the US and Iran formally signed a memorandum of understanding aimed at ending the war …
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Gig workers are endlessly exploited. AI could make more of us share their fate
As companies integrate AI and hire fewer employees, a shift toward a ‘gig economy’ will commence In 2024, the buy-now-pay-later co…
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Tesco’s UK sales growth more than halves amid Iran war uncertainty
UK’s biggest retailer reports better figures than expected by City analysts and is cheered by strong online sales Business live – …
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Bank of England expected to leave interest rates on hold; UK unemployment falls – business live
Rolling coverage of the latest economic and financial news Worryingly, the number of vacancies in the UK economy has dropped to a …
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People starting new jobs at lowest level in five years
The Office for National Statistics says some areas of the jobs market are weakening, as vacancies continue to fall.
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Apple price rises are ‘unavoidable’, CEO warns, as AI chip costs surge
Tim Cook says Apple can no longer absorb soaring memory-chip costs driven by the artificial intelligence boom, signalling higher p…
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Why has Texas set its sights on London?
Texas, which once had an embassy in London, strengthens its ties with the capital by opening a new trade office.
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Dubai property sales have fallen ‘off a cliff’ since start of Middle East war
Sellers of luxury villas have wiped tens of millions of pounds off asking prices, with sales down 19% in May from the previous mon…
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NHS patients face worst drug shortages on record, say pharmacists and GPs
Supply problems pose risk to health, with common painkillers, epilepsy medication and HRT affected Britons are facing some of the …
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Apple to raise prices due to memory chip costs
The firm's outgoing boss Tim Cook did not say when prices will rise or which products will be affected.
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'We had to get out of the way': The backlash over delivery robots
As the delivery vehicles increasing take to US streets, bans and protest groups are springing up.
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Interest rates expected to be held by Bank of England
The Bank last cut interest rates in December but upheaval in the Middle East has stalled any further reductions.
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Fed keeps rates unchanged but signals possible hike this year
The Federal Reserve left interest rates unchanged at its first policy meeting under chair Kevin Warsh, but nearly half of policyma…
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Fed holds US interest rates steady as uncertainty over Trump's Iran deal remains
The Federal Reserve held rates between 3.5% and 3.75% after Kevin Warsh's first meeting in charge of the central bank.
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Titan sub: design flaws and company groupthink central to catastrophe, report finds
Canadian officials find structural defects in material used for hull and say firm failed to fully test ‘novel’ design Canadian saf…
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Federal Reserve holds interest rates steady for fourth time this year
US central bank makes decision in first meeting under new chair and Trump appointee Kevin Warsh The US Federal Reserve left intere…
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I once protested against the G7. I feel no need now, because it’s collapsing all by itself | Zoe Williams
You cannot take a rules-based order seriously when only some of the participants are playing by the rules When 200,000 protesters …
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Driving test wait time target will not be met until autumn next year
The Transport Secretary was aiming to reduce the backlog to seven weeks by the autumn.
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Jaguar Land Rover reverses plans for an EV-only factory
Firm becomes latest carmaker to roll back on move away from fossil fuels with push for US sales growth and making more hybrid petr…
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Electrical retailer AO shifts UK call centre roles to South Africa
About 150 jobs have already been lost in Bolton as company reports 145% rise in profits and hands £20m to shareholders Business li…
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Lululemon apologises after Japanese drum row at Great Wall yoga event
Online uproar in China follows Canadian brand’s use of taiko drum at sponsored festival held to celebrate Chinese culture The acti…
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What is happening to UK prices?
The war in Iran is expected to push UK Inflation further above the Bank of England's 2% target.