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Federal Reserve Chair Kevin Warsh approved the first interest rate increase in three years while facing pressure from the Trump administration to cut rates instead, highlighting tensions in U.S. economic policymaking.
The UK’s air traffic control provider faces mounting criticism following two major system failures within a fortnight that caused thousands of flight cancellations and widespread travel disruption.
UK government borrowing surged to £18.3 billion in August, significantly exceeding forecasts and adding pressure on Chancellor John Healey before his first Budget later this year.
Liberal Democrat leader Ed Davey has pledged to cut taxes for millions of workers by raising the personal tax allowance to £15,000, funded through economic gains from rejoining the EU single market.
Ineos has paused production at three Hull chemical plants, with the company citing UK gas prices as 12 times higher than in the US, affecting approximately 240 direct employees.
President Trump said he would support halting US diesel exports to reduce pump prices, as national average diesel costs reached record highs ahead of mid-term elections.
