Global food prices jump as Iran war drives up costs; pound and UK bonds stronger as Starmer pledges to stay on as PM – business live

Rolling coverage of the latest economic and financial news

Our cities are choked by cars – here’s how experts would fix them

Turning parking bays into green spaces and prioritising cyclists may be the fastest routes to improving urban life

Temperature swings have left crops across the Plains in terrible conditions, with some farmers opting not to harvest

International Airlines Group expects to spend €2bn more on fuel than planned since US-Israeli attack on Iran

Halifax says cost of typical home fell by 0.1% in April, the second consecutive monthly drop, with pace of annual growth down from 0.8%. to 0.4%

Urban legend has it AI-based system scanned aviation data and weather-betting sites, then identified mismatches to get good odds

Ryan Cohen selling tube socks and baseball cards after offering $55.5bn, although source of funds remains unclear

There will still be a need to have gas in the wings to keep the lights on, so the financials stack up on Severn plant purchase

Senators sent letter to FCC chair, Brendan Carr, in protest at commission’s order last week challenging ABC’s licenses

Rolling coverage of the latest economic and financial news

Firm benefits from conflict to rake in $6.9bn as higher energy prices turbocharge profits

Oil firm seeks to reduce stake in carbon capture and storage projects in north-east of England after schemes fail to win over shareholders

Retail group with 4,800 stores worldwide expects drop in profits this year amid ‘muted market’

Stansted passengers disagree that stopping airports serving alcohol before early flights will reduce bad behaviour

Exclusive: Documents show Modella Capital, which bought the chain last year, is so far owed £2.9m in royalty fees