Oil prices jump over 5% after Trump suggests ceasefire with Iran has ended following fresh US strikes – as it happened

Brent crude spikes to a daily high of $79.26, gas prices rise, stock markets slide and government bond yields surge on inflation and rate hike fears

Bank of England governor says he is ‘able to spot’ lobbying after Farage crypto meeting

Exclusive: Andrew Bailey says no policy changes were made as a result of pressure from crypto tycoon-backed Reform leader UK politics live – latest updates

Britain’s markets attracting generation of highly educated entrepreneurs

Nearly a quarter of market traders now hold master’s degree, PhD or medical doctorate, research shows

The Hill is capitalizing on reader interest in the second Trump administration

The Washington-based publication is announcing plans for a new digital subscription product called the Hill Insider

IMF upgrades UK growth forecast as fears over impact of Iran war diminish

July update projects GDP growth of 1% this year, making UK the third fastest-growing economy in the G7

German car industry warns of job collapse unless ‘bold decisions’ made to address Chinese threat

VW to propose 100,000 job losses to board and says car plants could be put under foreign ownership to save jobs

Virgin Media fined record £28m for stopping customers cancelling contracts

Ofcom levies largest-ever consumer protection fine after finding firm deliberately mishandled millions of phone calls

Housebuilder Vistry warns of losses amid heavy discounting on unsold homes

Group blames expected £30m loss in first half of year on weakening market and lower consumer confidence

Severn Trent spared Ofwat fine after ‘serious’ waterwaste and sewage failures

Regulator found ‘unacceptable’ breaches in water company’s handling of drainage and sewage network

Trump’s policy mayhem is making even the Maga faithful consider walking away

Even voters who identify as foot soldiers of his political army are increasingly willing to blame Trump for their economic troubles

Summer holiday bookings bounce back after fragile Middle East ceasefire, Jet2 says

Company says market in good shape with strong recovery across all destinations as customers take the plunge

Telstra blames ‘software defect’ for major outage that hit mobiles, trains and triple-zero calls

Telco said outage was not due to a cyber-attack but warned of scammers calling people claiming to be from Telstra

Port of Dover faces ‘utter chaos’ under struggling EU entry system, MPs say

UK government urged to apply pressure on France to fix system or suspend checks by next week

The great carbon capture con: behold the wasted billions Burnham could claw back

There are far better ways to tackle climate breakdown, but successive governments have chosen to listen to the fossil fuel companies instead, says Guardian columnist George Monbiot

UK housebuilders have far too much power. Now a £4.5bn lawsuit could change that for good

A legal case on behalf of some 700,000 people against the country’s biggest housebuilders could be a catalyst for much-needed industry reform, says Inside Housing’s Peter Apps