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News Powered By AI

Bank holds interest rates but says it is ready to raise them if Iran war escalates

by News Feed Editor | Jul 31, 2026 | Business

The Bank of England held interest rates at 3.75% but signaled readiness to raise them if the Iran conflict escalates and oil prices remain elevated.

US economy grows sluggish 1.5% in second quarter as inflation tops Fed target

by News Feed Editor | Jul 31, 2026 | Business

US GDP grew 1.5% in the second quarter, falling short of expectations as rising imports pressured growth. Consumer spending remained positive, but inflation stayed above the Federal Reserve’s 2% target.

Burnham says he told Trump UK will be pragmatic about North Sea oil

by News Feed Editor | Jul 31, 2026 | Business

UK Prime Minister Andy Burnham stated he told President Trump he would adopt a pragmatic approach to North Sea oil and gas drilling, amid debate over the government’s energy policy.

Andy Burnham to give regional mayors share of income tax

by News Feed Editor | Jul 31, 2026 | Business

Prime Minister Andy Burnham will distribute income tax revenue shares to English city region mayors for the first time, as part of a broader devolution initiative transferring power from central government to local leaders.

Sainsbury’s to sell Argos to three retail veterans in £120m deal

by News Feed Editor | Jul 31, 2026 | Business

Sainsbury’s has agreed to sell Argos retail chain for £120m to three retail veterans led by former Morrisons executive Richard Pennycook, enabling focus on core food business.

Budget to be held on 28 October, John Healey announces

by News Feed Editor | Jul 31, 2026 | Business

Chancellor John Healey has announced his first Budget will take place on 28 October, stating it will move power and resources out of Westminster to communities across Britain while maintaining fiscal discipline.

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RocketNews is a news aggregator covering top stories from around the globe across 17 categories. Stories are gathered from leading news organizations — including the BBC, The Guardian, the Associated Press, NPR, Al Jazeera, and respected industry publications — along with government sources and official releases. Each story is presented without advertising as an original summary produced with Claude AI, with attribution and a link to the original reporting at the source. RocketNews also publishes featured articles from contributing writers. Story selection and summaries are automated.

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