JP Morgan boss meets Burnham and Healey to warn against bank tax rise
JP Morgan chief Jamie Dimon met UK leaders to caution against raising bank taxes, warning such increases could threaten investment and employment in the country.
UK economy sees surprise growth in July helped by AI boom
The UK economy grew 0.4% in July, beating expectations, partly driven by artificial intelligence and computer programming businesses expanding activity.
Rising oil prices create ‘huge worry’ as winter looms
Rising heating oil prices driven by geopolitical tensions are creating financial strain for thousands of households in southwest England and the Channel Islands ahead of winter, officials warn.
Firms scramble for battery power in Spain and Portugal
Following a major power outage in Spain and Portugal, industrial firms are rapidly investing in battery storage systems to protect operations from future disruptions and power cuts.
US diesel prices soar past $6 a gallon, deepening strain for hauling everyday goods
US diesel prices surged past $6 per gallon, driven by Middle East supply disruptions, raising transportation costs for groceries and consumer goods while straining household budgets.
‘We can see into the other room’: insurers face surge in subsidence claims
UK homeowners are filing a surge of subsidence claims following record-hot summers, with insurers reporting claims up 140% in some cases and average payouts hitting record levels.