Annual energy bills set to rise £35 in October, Trump slaps 50% tariff on India – business live

Rolling coverage of the latest economic and financial news

KPop Demon Hunters sequel talks under way between Netflix and Sony

The animated film about girl group Huntr/x has become Netflix’s most watched film of all time with 236m views and topped the North American box office at the weekend

Energy bills to rise more than expected for millions of British households

Typical annual bill to increase by just over £35 to £1,755 from October when Ofgem raises government price cap by 2%

Lego builds record sales of £4bn as parents steer children away from smartphones

Danish toymaker’s first-half profits also rise, and sales almost double at UK-based Yoto, creator of screen-free speakers for children

Woolworths struggles to win back ‘price trust’ from customers – and investors – as Coles’ value rises

Market value of Woolworths, Australia’s largest supermarket chain, slips from more than $40bn to less than $35bn

JD Sports sales slump in UK as fragile consumer confidence concerns retailers

Leisurewear firm cuts prices online amid tough market, especially in footwear for women and children

People in the UK: how have you been affected by the rise in food prices?

We would like to hear from people on how they feel about food inflation and if it’s affected their shopping habits

Thames Water agrees payment plan for £123m sewage and dividend fines

Ofwat gives struggling firm, which is trying to secure funding to avoid nationalisation, breathing space

Tough talk from Streeting – but he still needs a deal with big pharma

Health secretary calls industry ‘shortsighted’ but there is danger in giving UK better terms than much of rich Europe

Half of UK adults worry that AI will take or alter their job, poll finds

The TUC calls for a new approach to technology and greater input from workers on how it is deployed

Toy air fryer will be a Christmas bestseller, John Lewis predicts

Fries and chicken drumsticks are included – or young cooks might prefer a mini-me Ooni pizza oven

Post-Brexit licences for exporting food to EU cost UK firms up to £65m last year

Government to promise it will scrap existing scheme by reaching new deal with Brussels in next 18 months

Trump is out to end the Fed’s autonomy. Here’s how he’s trying to get his way

A condo is at the heart of extraordinary battle over the future of the Federal Reserve – and its independence

Debenhams may sell Pretty Little Thing and shut distribution hub

Online fashion seller’s losses widen to £264m as Poundland confirms plans to close up to 150 stores

Who is Lisa Cook, the Fed governor facing removal by Trump?

The first Black woman to sit on Fed board faces another obstacle in a long line she has faced and written about