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Air France-KLM cuts capacity growth forecast amid expected $2.4bn fuel bill rise

Move comes as airline industry reacts to uncertainty over Iran war and increase in price of Brent crude

Last Beefeater and Brewers Fayre restaurants to close, with loss of 3,800 jobs, Premier Inn owner says

Whitbread to call time on restaurants in UK and Ireland blaming higher costs and taxes for latest strategic reset

‘Nightmare’ queues and missed flights: a turbulent start to EU entry-exit system

Some travellers spent hours in lines at airport, with kiosks not working, little seating and few staff on hand to help

Why is Britain’s economy so stuck? It’s the tension between what voters want and what the bond markets allow

There is no such thing as the Bond Dealers party, but there might as well be – the people who trade in UK debt exert a stranglehold over our politics, says Guardian columnist Larry Elliott

Revealed: British ad firm’s billion-dollar greenwash of US oil industry

London-based WPP accused of breaching climate policy after report reveals firm linked to twice as much oil advertising as US rivals

Rising costs forcing 3m UK households to skip meals, Which? report finds

Consumer insight tracker shows 85% are worried about food prices and a majority think the economy will deteriorate

Massive profits already earned by property investors to be shielded from Chalmers’ CGT changes

Treasurer tells Commonwealth Bank podcast that he aims to ‘recognise the decisions that people have taken in the past’

Tech giants’ results show rosy outlook for AI boom and US stock market

Google, Microsoft and Amazon report gains in cloud-computing businesses while Meta spending draws concern

Jerome Powell to stay on Fed board after central bank holds rates steady in defiance of Trump

Chair planned to exit after inquiry into building renovations but will now oversee ‘remaining steps in the process’

US gas prices hit $4.23 high as Hormuz fears drive oil surge

Blockade threat in vital strait and Trump’s stance lift crude, pushing pump prices to highest level since 2022

Rachel Reeves’s plan to mandate how pension funds invest was always a mistake

You can understand the motivation – more UK investment by UK funds means faster UK growth – but fiduciary duty trumps all

Oil nearing $120 a barrel for first time since 2022 as Trump maintains Iranian blockade – as it happened

Rolling coverage of the latest economic and financial news, as Brent crude approaches highest level since Middle East conflict began

Co-op marking commonly stolen items with forensic spray to track reselling

Wave of measures has helped cut offending in stores last year by a fifth as new retail crime law comes into force

EU farmers and hauliers to get up to €50,000 to cover extra costs of Iran war

Fishing companies can also access subsidies in loosening of state aid rules to cover fuel and fertiliser price rises

Another RBA rate rise won’t fix inflation – it will just smash households already hit by soaring fuel costs

The latest ABS consumer price index figures show just how pointless hiking interest rates would be at dealing with inflation. But raising rates is baked into the Reserve Bank’s DNA

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  • Cooling UK labour market ‘questions need’ for Bank of England rate hikes; grocery inflation slows to two-year low – business live
  • UK pay growth slows as Iran war prompts cost of living squeeze
  • Oil prices jump after US-Iran ceasefire expires and Trump threatens Oman
  • Student bank accounts: don’t be swayed by the freebies, freshers told
  • Half of homes in Great Britain taking longer to sell than last year amid mortgage volatility
  • At least 109 BHP workers sexually harassed colleagues in a single year, mining company says
  • Top economists urge Burnham to sign UK up to UN initiative on global inequality
  • Ministers drop plan to relax affordable housing rules after negative response
  • Virgin Trains a step closer to running services to Europe in blow to Eurostar
  • European farmers face ‘unprecedented crisis’ after successive heatwaves
  • US gas prices reach highest ever recorded for August amid stalled talks with Iran
  • China’s economy showing signs that slowdown may be extending
  • Leading economies’ borrowing costs hit highest since 2008 crisis
  • Alarm raised over ‘privacy dilemma’ of facial recognition technology at Coles and Woolworths
  • Government borrowing costs hit multi-year highs as markets fear inflation, and oil and gas prices rise – as it happened
  • UK government ‘irresponsible’ for not publishing emergency drought plans
  • Sainsbury’s store pauses AI scanning after false shoplifting accusation
  • JP Morgan boss Jamie Dimon warns UK chancellor not to hike taxes on banks
  • Thom Yorke, Romy and Brian Eno among 200 musicians urging PM to reject new North Sea drilling
  • Asking prices for newly listed homes in UK’s richest borough fall by £100k in one month
  • Are Microsoft’s AI plans being held back by a shortage of chips?
  • Summer jobs bounce back in UK thanks to busy calendar of sport and music
  • Water companies in England and Wales explore ‘surge pricing’ during drought
  • Interest rate dilemma for central banks as inflation rises but growth slows
  • ‘I see the incredible promise’: on set of an AI film shoot as new studios embrace controversial tech
  • ‘Why did it become personal?’: furore over plans to expand Kent oyster shack
  • Burnham urged to crack down on gig economy firms to protect 4m workers
  • A positive new report raises the question: was Reeves undermined by dodgy data?
  • University spinout to launch water quality app for UK and US waters
  • New UK cost of living crisis looms with soaring energy bills forecast to lift inflation

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