Great Britain’s grid operator faced accusations of downplaying strain during summer heatwaves, with whistleblowers alleging senior management ordered inadequate record-keeping to protect the organization’s reputation.
England’s new prime minister Andy Burnham announced the bus fare cap will revert to £2 from January 2027, a policy expected to cost over £500m and apply to most buses outside London.
UK food inflation hit a two-year low in June as supermarket price wars drove down costs for staples like margarine and sugar, though analysts warn higher energy prices could reverse the trend.
Norway’s state-owned oil company Equinor saw profits nearly double to $11.5 billion in the second quarter, driven by elevated crude prices amid conflict in the Middle East.
JD Wetherspoon issues its fourth profit warning in seven months, citing weaker-than-expected sales and rising costs despite World Cup boost.
Chinese crime rings are stealing billions from banks and retailers through tap-to-pay fraud schemes, using stolen credit card information to purchase gift cards and merchandise while remaining difficult for authorities to prosecute.