Federal Reserve issues FOMC statement
The Federal Open Market Committee approved the following statement for release by a 9 â 3 vote:
Read more →Regulation
TfL brings case worth up to £1bn against carmakers over Ulez compliance
Transport for London is pursuing a potential £1bn legal action against car manufacturers over vehicles that it argues should not have been allowed to drive freely in the capital’s clean-air zone.
Read more →What happens here has a big impact on your money
Las Vegas is in a tourism slump. Hotel occupancy and air travel are down, and many local hospitality employees are experiencing layoffs or cuts in their hours. What's driving this downturn, and can Sin City bounce back?
Read more →Rogue OpenAI agent that hacked startup tried to attack other firms
OpenAI has revealed that a cyber-attack carried out by a rogue AI agent had more than one victim.
Read more →Lib Dem MP calls for investigation into Reform deputy leader’s £80,000 loan
Richard Tice has been referred to parliament’s standards watchdog over an undeclared loan of nearly £80,000 from Nigel Farage’s aide George Cottrell .
Read more →BMW to cut ‘as many as 8,000 jobs’ under pressure from Chinese rivals
BMW is planning to cut as many as 8,000 jobs in Germany, according to reports, in the latest sign of Europe’s largest carmakers reducing costs under pressure from Chinese rivals.
Read more →Greggs sales jump as iced matcha lattes and chicken rolls become heatwave hits
Iced matcha lattes and a bigger range of salads and chicken rolls helped Greggs to boost its sales during the string of summer heatwaves, as the bakery chain continues to expand across the UK.
Read more →IPL’s value soars past $20bn to rival NFL as one of world sport’s biggest brands
The Indian Premier League’s value has surged to an estimated $20.6bn (£15.5bn), boosted by ownership deals involving two of its biggest franchises, according to a report by the investment bank Houlihan Lokey.
Read more →Concacaf joins criticism of Fifa plan to sell off World Cup stakes to private investors
Concacaf has joined Uefa in criticising Fifa’s plan to sell off stakes in the World Cup to private investors.
Read more →ECB wage tracker at 2.7% in Q1 2027, indicating stable negotiated wage pressures
The European Central Bank (ECB) wage tracker, which covers active collective bargaining agreements, indicates negotiated wage pressures with smoothed one-off payments of 2.3% in 2026 (based on a coverage of 44.3% of emp…
Read more →Heathrow passengers face higher fares as airport can recover early expansion plan costs
Heathrow passengers face decades of higher fares after the airport was given permission to recover early costs from developing its expansion plan.
Read more →Datacentre projects could face fees for grid access to ease connection queue, Ofgem says
Datacentre projects in Britain will be forced to put down significant upfront fees to secure an energy connection under proposals to ease an electricity grid logjam .
Read more →Adolescence or The Traitors? Netflix neck-and-neck with BBC as British viewers’ go-to
Netflix is neck-and-neck with the BBC as the default service Britons turn to when they switch on their TV, according to research.
Read more →UK faces ‘very difficult trade-offs’ in budget because of Iran war, say analysts
Andy Burnham has been warned by a leading thinktank of “very difficult trade-offs in the next autumn budget” if the Iran war keeps oil prices and inflation high.
Read more →EBay and ex-executives to pay $55.7m to couple sent cockroaches in harassment campaign
Bloggers David and Ina Steiner were stalked by eBay executives over their critical coverage of the company
Read more →Labour MP suing Elon Musk’s xAI says chatbot added own fake abusive content
A Labour MP who is taking legal action against Elon Musk’s xAI company over fake sexualised images created by Grok says the AI tool was instructed to operate with “no restrictions on adult sexual content or offensive co…
Read more →Fifa accused of ‘selling the soul of football’ over $20bn World Cup commercial rights sale plan
Fifa has announced plans to sell the commercial rights to its tournaments, including the World Cup, to private investors in a controversial move that triggered an immediate backlash from Uefa and leading European clubs .
Read more →Young people ‘expected’ to engage with new work support, says McFadden
Young people will be expected to engage with new support to find work, Pat McFadden has said, as he announced parents receiving benefits could get £4,500 a year if their child starts an apprenticeship.
Read more →Qantas plane flies for more than 24 hours in record-breaking flight
Qantas completed what is believed to be the longest-ever commercial flight when its Airbus jet landed in Toulouse on Tuesday after a flight from Melbourne lasting 24 hours and 24 minutes.
Read more →GSK to cut jobs amid £1.9bn cost-cutting plan and bid for faster drug development
The British drugmaker GSK is to announce sweeping job cuts as part of a £1.9bn cost-cutting programme to pay for a £400m investment in UK life sciences over the next three years, including in a new research and developm…
Read more →More rail services in England set to slow as heatwave shrinks soil
South Western Railway expected to join operators in east of England in reducing train speeds and changing timetables
Read more →Strengthening resilience across an increasingly interconnected financial system
Think of the last time you made a payment, transferred money, used a banking app or logged on to online financial services. Did you give much thought to the infrastructure that makes those essential everyday transaction…
Read more →Marmite and Dove owner Unilever warns of price rises due to growing costs
Unilever has warned it will push through further price rises over the coming months, as the Marmite, Dove and Hellmann’s owner tries to recoup its own growing costs.
Read more →Security firm linked to ICE crackdown in US reports UK revenue slump after asylum centre contract ends
MTC provided security at heavily criticised Manston centre in Kent and could now make £500m managing the site
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