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John Lewis Partnership’s first-half losses widened to £124m as consumer confidence declined and costs rose. The owner of John Lewis and Waitrose reported struggling with higher expenses and cautious shoppers.
Central bankers in the US, Japan, and UK face decisions this week as surging inflation and rising oil prices reignite debate over interest rate increases amid geopolitical tensions.
The Trump administration expressed concern about Ford Motor’s business relationships with Chinese companies, citing potential risks to U.S. automotive manufacturing and national security interests.
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.
The UK economy grew 0.4% in July, beating expectations, partly driven by artificial intelligence and computer programming businesses expanding activity.
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.
