US inflation unexpectedly stays at 2.7%; UK ministers appoint advisers for Thames Water collapse ‘contingency plans’ – business live US and China extend 90-day tariff truce; UK labour market slows as employers hold off hiring
Club World Cup and summer tennis bring in the bets for Entain Gambling group delivers better-than-expected half-year results, helping it to brace for looming tax rises
Price of gold eases after Trump rules out tariffs on imported bars Metal traders say crisis averted after US president clarifies on social media that gold bars are duty-free
US prices continued rise in July as Trump tariffs impact consumer costs Prices were 2.7% higher last month compared with a year ago, and core inflation went up at a higher pace than what was seen in June
‘A literal gut punch’: Missouri workers devastated by Republican repeal of paid sick leave Voters approved sick leave mandate by 58%, but lawmakers are caving to lobbying by the state’s chamber of commerce
Thames Water: advisers appointed to plan for company’s potential collapse FTI Consulting seen as frontrunner to advise on placing the utility into a special administration regime
UK small business owners: have your hiring practices changed recently? We’d like to hear from UK small business owners who, in the past few months, have paused staff appointments
Rising job losses and cooling wage growth pose a challenge for Rachel Reeves The rise in NICs, Trump’s tariffs and weak consumer spending have hit firms but there are crumbs of comfort for the chancellor
Trump’s China trade truce extension spurs market rally Bourses in Australia and Japan hit record highs as hopes grow of trade deal within latest 90-day pause
UK employers cut back on bonuses and hiring as economic slowdown hits jobs market Unemployment remains steady but vacancy rates drop and pay growth slows
Warm weather and England’s Euros success lifted UK retail sales in July Sunnier picture clouded by warning that mooted higher taxes could lead to shop closures and job losses
David Lammy faces possible legal action over Foreign Office secondments Campaigners say placing staff from Shell and BAE Systems in ministries creates potential for improper influence
Trump nominates chief economist at rightwing Heritage Foundation to lead Bureau of Labor Statistics – as it happened EJ Antoni nominated to take over from Erika McEntarfer, who was fired by Trump earlier this month
Trump announces another 90-day pause on China tariffs President signs executive order extending deadline for higher tariffs hours before agreement was due to expire
Trump nominates Heritage Foundation economist as labor statistics chief EJ Antoni, longtime critic of Bureau of Labor Statistics, nominated to replace Erika McEntarfer, who Trump fired