US borrowing costs hit highest level since 2007 as oil prices jump
US government borrowing costs reached their highest level since 2007 as oil prices surged, driven by regional tensions and inflation concerns.
Electricity discount: £63 to be given to NI households
Northern Ireland households will receive a one-off £63 electricity bill reduction next month, applied automatically through two government-funded schemes tailored for different payment methods.
Interest rates hold expected but Bank of England facing tough choices
The Bank of England is expected to keep interest rates unchanged at 3.75% despite accelerating inflation driven by Middle East conflict-related energy price increases, though analysts debate whether a rate hike may come before year-end.
IMF urges Australian government to cut spending as another interest rate hike looms
The IMF has urged Australian governments to reduce spending and warned the Reserve Bank may need to raise interest rates further to combat inflation, downgrading its 2027 growth forecast to 1.6%.
Can fish and chip shops survive? ‘We made more money by closing than staying open’
Fish and chip shops across the UK are closing at an accelerating rate as operators struggle with soaring ingredient costs, rising taxes, and inflation. A family of four now pays nearly £50 for takeaway fish and chips.
Next forecasts bigger profits after hot weather lifts sales
Next raised full-year profit forecasts to £1.26bn after warm weather boosted sales, marking the fourth forecast increase this year for the FTSE 100 retailer.