Petrol prices rise by 5p over a week as Iran war sends oil higher
Unleaded petrol prices rose 5p per litre in a week to 167.17p, the largest weekly increase since April, as Middle East tensions drive crude oil prices higher.
The RBA hoped this year’s three interest rate rises would tame inflation – but nothing is going their way
The Reserve Bank of Australia’s three interest rate increases this year have failed to control inflation amid global oil price shocks and supply chain pressures, with markets pricing in further hikes by month’s end.
Tax banks to cut energy bills, unions tell Andy Burnham
Britain’s trade unions are calling on Prime Minister Andy Burnham to introduce a subsidized energy tariff funded by increasing a bank surcharge, arguing it could help millions of households manage rising bills.
John Lewis losses widen to £124m as shopper confidence dips
John Lewis Partnership’s pre-tax losses widened to £124m in the first half of the year as higher costs and weak consumer confidence pressured results across its department stores and Waitrose supermarkets.
The ‘choose your own adventure’ earnings: Why retailers are handling tariff refunds so differently
Retailers are handling tariff refunds from a Supreme Court ruling inconsistently, with some using the money to lower prices while others boost shareholder earnings, creating confusion for Wall Street analysts.
American Airlines continues premium push with redesigned Boeing planes
American Airlines deployed its first retrofitted Boeing 777-300ER aircraft with premium seating, featuring 70 lie-flat suites and expanded premium cabin options for long-haul international routes.