Politics
Tax promises, defence targets and Iran: Andy Burnham’s budget headaches
As economic circumstances worsen, the PM’s commitments have left him and the chancellor in a tight spot
Politics
Politics
China’s massive oil reserves give Beijing leverage during Iran war
The Iran war has boosted China’s leverage in the energy sector and deepened its commercial presence in the Gulf. But states in the region want China to be a more proactive stakeholder, a role Beijing may not be ready to…
Politics
UK risks falling behind in AI race without faster telecoms upgrades, say executives
The UK risks becoming a laggard in the global AI race as crucial telecoms upgrades to harness the technology fall behind rival nations, according to senior industry executives.
Politics
Households could save up to £173 a year by switching to fixed energy deal
With higher energy bills looming and warnings of worse to come in the new year, many households could save up to £173 a year by switching to a fixed deal.
Politics
Faster, higher, funnier: what we learned from China’s robot games
Five-day showcase reveals leaps Beijing has made in humanoid tech, but also its limitations as US rivals come up from the rear
Politics
Sovereignty, farming and fishing: Iceland votes on its future with the EU
Icelandic farmers were starting to get higher prices for their meat and milk, debt was no longer an occupational prerequisite and innovation was on the rise.
Politics
‘Winter panic’: EU gas stores at their lowest level in 13 years
Europe is on course to enter the cooler months with gas stores at their lowest level in 13 years, which has triggered “winter panic” among energy traders, experts have warned.
Politics
Trump announces new US oil agreement with Venezuela
Donald Trump announced Friday a new US oil agreement with Venezuela’s interim president Delcy Rodríguez, saying the US will have “majority” control of 65bn barrels of proven oil reserves.
Politics
White House teleprompter operator settles prediction market trading probe
Federal regulators have opened an inquiry into so-called "mention markets" on prediction platforms, where traders wager millions of dollars on whether public figures will utter specific words, prompting Kalshi to suspen…
Politics
Trump says U.S. secures control of over 65 billion barrels of Venezuelan oil
President Donald Trump said Friday his administration has reached a huge oil deal with Venezuela that gives the United States majority control of 65 billion barrels of proven petroleum reserves.
Politics
Bessent defends yen support, cites US borrowing cost risks
After multiple warnings against the "speculative" and "one-sided" currency moves, Japan's Ministry of Finance appears to have put its money where its mouth is and intervened in the yen during the country's Golden Week h…
Politics
Large fire near Wembley Stadium disrupts tube and rail services
A large fire broke out at a waste facility close to Wembley Stadium in north-west London, disrupting tube and train lines in the area.
Politics
Warsh at Jackson Hole: underlying inflation trend has not ’meaningfully improved’
The new Fed chair’s Jackson Hole speech appeared focused on strengthening his anti-inflation credentials, economists say.
Politics
SEC Proposes Amendments to Exchange Act Rule 3a12-8 to Add European Union Debt Obligations
The U.S. Securities and Exchange Commission has proposed amending Rule 3a12-8. The change would add European Union debt obligations to the list of foreign government securities exempted for futures marketing and trading.
Politics
Asda returns to growth after more than two years
Chair Allan Leighton says lower prices and an improved online service are attracting more shoppers
Politics
Fed chair says delivering ‘stable prices’ is central bank’s job as inflation persists
The US Federal Reserve is not done fighting high inflation, its chair, Kevin Warsh, said in his first major speech in the role on Friday, emphasizing that it was “the Fed’s job to deliver stable prices”.
Politics
Fed has 'work to do' if price rises don't ease for Americans, Warsh says
The head of the US central bank said policymakers will "have work to do" to if they are not confident cost of living pressures are easing for Americans.
Politics
Jumping beans: UK shoppers turn to legumes to save cash and improve diet
Sales of beans, lentils and soya bean derivatives on rise while Britons buy less real and fake meat
Politics
UK petrol prices hit highest level in almost four years as bank holiday getaway looms
UK petrol prices have hit their highest level since 2022, piling more financial pressure on motorists before the bank holiday weekend.
Politics
The chefs turning down the heat by switching from gas to electric
As well as being quieter, cheaper to run and easier to clean, induction cookers can cut kitchen temperatures by up to 10C
Politics
Healey’s budget to duck setting a date for 3% defence spending target
Roadmap for increasing department’s share of GDP will be deferred until next year’s review
Politics
What could Meta’s US settlement mean around the world – and what now for other claims against firm?
Other governments could seek similar concessions, while separate legal action is pending in places ranging from Kenya to the Netherlands
Politics
How Britain’s railways are struggling in the heat – and can they be fixed?
Problems including derailments have hit network during one of the hottest and driest summers on record
Politics
Pentagon’s blacklisting of Anthropic was unlawful, US judge rules
Anthropic argued designation as ‘supply chain risk’ could cost the company billions of dollars in lost business and reputational harm