Labour urges Gambling Commission to investigate firms linked to Reform UK donors
The Gambling Commission has been urged to investigate claims that companies linked to Reform UK donors and allies of Nigel Farage have been operating without a licence.
Policy
UK risks running out of gas by 2030s, ministers told
Great Britain risks running out of gas in the 2030s despite its growing clean energy sources, unless ministers take “unprecedented” action to guard against a future supply shock, according to an official assessment.
Oil prices jump after US-Iran ceasefire expires and Trump threatens Oman
Brent crude rises above $90 a barrel for the first time since 30 July after US president tells Tehran to surrender
Sports Direct owner Mike Ashley tightens hold on Hugo Boss
The retail billionaire Mike Ashley has signalled that his summer shopping spree may be far from over, after he increased his stake in Hugo Boss to nearly half. Ashley’s Frasers Group, which last week bought the Harvey N…
Half of homes in Great Britain taking longer to sell than last year amid mortgage volatility
Half of homes in Great Britain are taking longer to sell than last year as volatile conditions in the mortgage market amid the Iran war prompt buyers to “wait and see” if they can get a better deal, according to a repor…
Wetherspoons pubs ban playing music or taking calls on phone speakers
The pub chain Wetherspoons has banned customers from playing music or taking calls on speaker after growing complaints about the noise.
Top economists urge Burnham to sign UK up to UN initiative on global inequality
Forty prominent progressive academics are urging Andy Burnham’s government to join a new global push to tackle inequality.
Leading economies’ borrowing costs hit highest since 2008 crisis
Government borrowing costs in several advanced economies hit their highest level since the 2008 financial crisis, or even earlier, on Monday as investors feared the Middle East crisis would keep inflation persistently h…
Sainsbury’s store pauses AI scanning after false shoplifting accusation
Sainsbury’s has paused the use of AI face scanning in one of its stores after a customer was wrongly identified as a shoplifter and ejected from the shop.
Ministers drop plan to relax affordable housing rules after rural homes backlash
Ministers have dropped plans to relax affordable housing rules for developers in England after a backlash from housing experts who warned it could drastically cut the number of cheaper homes available in rural areas.
Fed policy stance keeps Treasury yields high, says Citadel Securities
The S&P 500 edged up 0.02% on Monday, while U.S. crude slumped 7.5%. The yield on the 10-year Treasury slipped four basis points. The drop in oil prices provided little boost to risk assets.
China’s economy showing signs that slowdown may be extending
China’s economy is showing signs of extending a slowdown with a slump in industrial output and retail sales in July, adding to pressure on Beijing to intervene with measures to support activity.
Five things to watch in markets in the week ahead
Investing.com - The ongoing war in Iran is tipped to be front and center for investors this week, as markets fret over the impact of the fighting on energy prices and global assets. A flash reading of U.S. business acti…
Senior Russian banker fired after scathing speech on wartime economy
The chief economist at Russia’s second-largest bank has been fired after a series of critical comments about the state of the economy, including warnings that Moscow would not win a prolonged economic war with Ukraine.
Thom Yorke, Romy and Brian Eno among 200 musicians urging PM to reject new North Sea drilling
More than 200 musicians including Massive Attack and Brian Eno have written to Andy Burnham urging him to reject plans for more oil and gas drilling in the North Sea.
Virgin Trains gets go ahead to run services to Europe in new blow to Eurostar monopoly
Operator wins track access approval for up to 20 daily return trains through tunnel to Paris, Brussels and Amsterdam in 2030
Philip R. Lane: The rise in defence spending and the euro area economy
In response to great-power rivalry and the weaponization of interdependence, the EU has adopted a geopolitical approach to economic statecraft. To build resilience and maintain its international credibility, the union w…
Are Microsoft’s AI plans being held back by a shortage of chips?
Guardian investigation finds apparent discrepancy between what tech company has said about its AI capacity – and the number of advanced chips it has in operation
FCA expands global presence with new attachés in India and UAE
These appointments expand the FCA's global presence, joining a global network that includes the FCA's existing attachés in Washington DC, Brussels and Singapore, as well as the Asia-Pacific, supporting international co-…
Asking prices for newly listed homes in UK’s richest borough fall by £100k in one month
The average price of a home coming up for sale in Britain’s richest borough has dropped by almost £100,000 in a month as fierce competition among sellers in many areas prompts some to slash their price expectations, dat…
Summer jobs bounce back in UK thanks to busy calendar of sport and music
The summer job has staged a comeback this year thanks to the hot weather and a packed calendar of events such as the men’s football World Cup, new UK figures show.
Trump asks Pentagon to slash military drills with South Korea
U.S. President Donald Trump said Sunday that he has instructed the Pentagon to "substantially" reduce joint South Korea-U.S. military exercises, in what appears to be a conciliatory gesture toward North Korea.
New AI financing backstops allows compute buyers more control over business models
You may not have heard of it because it’s not doing the consumer-facing part of AI. It’s a data center company, the kind people talk about when they say they want to invest in the “picks and shovels” of the AI gold rush…
Water companies in England and Wales explore ‘surge pricing’ during drought
Suppliers could factor water scarcity into charges as part of Ofwat proposal to reduce consumption