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The UK economy grew 0.1% in August, defying forecasts of contraction, prompting Chancellor John Healey to describe the performance as a sign of resilience ahead of his first Budget in two weeks.
U.S. fuel economy standards were lowered to 34.9 mpg by 2031, and automakers face eliminated fines, potentially generating billions in financial benefits and encouraging pickup truck and V-8 engine production.
The Social Security Administration announced a 3.6% increase in benefits for next year, based on inflation data showing consumer prices 3.7% higher than the previous year.
Great Britain’s grid-balancing costs reached nearly £50m in a single day after renewable energy transmission bottlenecks forced windfarms offline, adding to mounting infrastructure challenges.
Thames Water requests £2.4bn in additional emergency funding from creditors, warning it will exhaust cash reserves by end of 2026 or early 2027 without the injection.
The UK minimum wage rates increased on 1 April, affecting 2.7 million workers. The National Living Wage for those 21 and over rose to £12.71 per hour.
