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High diesel prices may put ‘another squeeze’ on the consumer, economist says
Diesel prices have surged 68% since the start of the Iran war, threatening to increase consumer costs across food and goods as higher transportation expenses ripple through supply chains.
UK van drivers face extra £2.5bn in diesel costs this year, figures show
UK van drivers face £2.5bn in additional diesel costs this year as pump prices surge to record levels, prompting calls for the government to scrap planned fuel duty increases.
Europe’s car makers are in crisis. Will the threat of war rescue them?
European car manufacturers facing commercial crisis are increasingly pursuing military vehicle contracts and defence partnerships to utilize excess production capacity and stabilize workforces amid declining civilian auto sales.
What surprise praise for UK economy tells us about the Budget
The IMF has praised the UK’s plans to reduce borrowing, positioning it as a model within the G7 while other major economies increase debt, signaling constraints on upcoming Budget spending.
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Crispin Odey loses appeal against lifetime ban from UK financial services industry
Former hedge fund manager Crispin Odey has lost his appeal against a lifetime ban from UK financial services after judges found he lacked integrity and attempted to obstruct investigations into sexual harassment allegations.
Government moves to nationalise Speciality Steel UK to protect 1,300 jobs
The British government will take over Speciality Steel UK to protect 1,300 jobs after a private sector sale fell through, citing the steelmaker’s strategic importance to the UK economy.
State pension likely to top £13,000 a year as UK wage growth slows to 3.9%
The UK state pension is projected to exceed £13,000 annually following a wage growth figure of 3.9%, reigniting discussion about long-term affordability and intergenerational equity.
Make NHS and military uniforms in UK, fashion firms urge Burnham
Fashion industry leaders urge UK Prime Minister Andy Burnham to require domestic manufacturing of NHS and military uniforms, arguing public procurement could revitalize British textile production and regional economies.
UK in talks about joining global defence bank led by Canada
The UK government is exploring membership in a global defence investment bank led by Canada that would enable nations to borrow at lower costs for military spending.
Third Heathrow runway should only go ahead if airlines pay for cleaner flying, say advisers
The UK’s Climate Change Committee says a third runway at Heathrow can proceed only if airlines fund cleaner fuels and carbon removal technology, potentially raising flight costs significantly.
Mayors and other local leaders could be given powers to oversee water firms
UK government considers giving mayors and local leaders greater oversight powers over water companies, including influence over spending and executive accountability.
Five takeaways from Canada’s push to woo the world’s richest investors
Prime Minister Mark Carney convened a major investment summit in Toronto, pitching Canada as a secure destination and announcing nearly C$500bn in new investments while facing criticism over infrastructure privatization plans.
State of U.S. democracy reaches new low, report finds
A global report finds U.S. democracy at its lowest level in 50 years, with the country cited as the clearest example of democratic decline between 2020 and 2025.
Turkish habit of stashing gold “under the pillow’ hurts economy, government says
Turkish officials warn that the widespread practice of holding physical gold at home rather than depositing savings in banks is damaging the country’s financial system and economic stability.
Ukraine war briefing: New anti-drone weapon scores hit amid race against Shahed jets
Ukraine’s military announced success with a new anti-drone interceptor against faster Russian Shahed drones, with forces downing 187 airborne targets overnight, as the country races to develop defensive weapons.
DRC-Rwanda: Can Geneva talks break the cycle of war in eastern Congo?
The DRC and Rwanda have returned to negotiations in Geneva over a year after signing an agreement, but fighting continues in eastern Congo amid disputes over the FDLR, Rwanda’s military presence, and M23’s territorial control.