UK minister defends changes to student loans as criticism mounts Lucy Rigby tells MPs heavily subsidised system gives the government the right to alter terms of existing agreements
For those shedding a tear over house prices falling, these numbers may change your mind An average home would cost $595,500 now if prices were the same relative to income as before John Howard turned the market into an investor casino
The business secretary is overselling UK state investment activism Peter Kyle exaggerates role of British Business Bank and National Wealth Fund in nurturing firms
US inflation hits 4.2% in May as Trump’s Middle East conflict drives up prices – as it happened US inflation hits a three-year high in May
WH Smith raises £100m as it warns on profits due to Iran war Retailer plans to shut unprofitable stores as falling US airport traffic due to Middle East conflict hits trading
Weight-loss drug users save more than £400 a year on food as take-up triples New research suggests GLP-1 users are buying fewer snacks and treats such as crisps and chocolate
UK poised to ease steel tariffs as manufacturers warn of costs Exemptions being considered after March announcement of measures to support domestic steel production
China’s BYD aims to be world’s biggest car firm within five years EV maker aims to overtake Toyota, as it plans to spend £1.8bn to build five-minute flash chargers in Europe
Pub chain Fuller’s hopes for bumper summer of World Cup and staycations Company says it has strong bookings for England matches and has spruced up gardens for domestic holidaymakers
We economists have done the maths: ‘growth’ is a doomed strategy – there is a better way Our roadmap has been shaped by experts across the world. We call on political leaders at all levels to use it, says Olivier De Schutter and others
Nike charges World Cup fans the most for replica shirts after price surge England supporters face paying inflation-busting £95 for an adult shirt as the tournament begins in the US
More than half of clean energy schemes needed for Labour’s 2030 target offered grid connection The 700 projects include wind and solar farms, battery storage, gas and hydro plans
Households could save £200 on energy bills in plan to break link between gas and electricity prices, says thinktank Government plan to de-link gas and electricity prices aims to reduce bills for consumers after global surge in prices
Global brands ‘likely’ using mineral that funds rebels accused of atrocities in DRC, investigation finds Amazon and Sony among firms that may have sourced coltan, used in phones, from supply chains controlled by the M23 rebels, says Global Witness
US stadium and hotel workers threaten strikes ‘to make things fair’ during World Cup Low wages and fears of ICE crackdowns have set workers on edge of strike as thousands set to arrive during World Cup