UK house prices rise for first time since April, says Nationwide
UK house prices rose 0.2% in August to £275,465, marking the first monthly increase since April, as the market awaits a Bank of England interest rate decision.
Global bond sell-off intensifies as US-Iran tensions stoke inflation fears
Global bond sell-offs have intensified amid US-Iran tensions and inflation concerns, pushing UK government borrowing costs to their highest level since mid-2008 ahead of the upcoming budget.
Ford’s production of highly profitable Super Duty trucks hits 20-year high as it recovers from supplier fires
Ford’s Super Duty truck production reached a 20-year high in August after recovering from aluminum supplier fires that disrupted manufacturing over the past year.
Uber announces 3,000 job cuts as part of major restructure
Uber is eliminating over 3,000 jobs globally, approximately 10% of its workforce, as part of a restructuring aimed at reducing management layers and refocusing resources on core operations.
DNB: Netherlands bank moves billions in gold to London in ‘crisis preparedness’ move
The Dutch central bank relocated 86 tonnes of gold from North America to London between March and August, citing increased geopolitical unrest and the need to strengthen crisis preparedness.
B&Q and Five Guys among firms which paid staff below minimum wage
More than 600 UK businesses have been named by the government for paying staff below minimum wage. B&Q and Five Guys are among firms ordered to repay £4m in outstanding wages and face £7m in penalties.