
Takeaway coffee sales plunge as fuel and living costs dent Australian spending. Is the economy next?
The trend has been accelerated by the US-Israel war on Iran, leaving households – and cafe owners – glum, surveys suggest

Trump’s Fed chair pick says he’ll maintain independence – but won’t say president lost 2020 election
Kevin Warsh says ‘we need to take politics out of monetary policy’ as Elizabeth Warren calls him Trump’s ‘sock puppet’

The Guardian view on the true cost of the Iran war: bombs kill – but so does the economic fallout
Editorial: There is growing international concern as the fragile two-week ceasefire reaches its Wednesday deadline. Whatever happens next, the poor will pay

Four key takeaways from Apple’s change of leadership
Analysts say net boss John Ternus should diversify tech giant away from iPhones and raise its game in AI

Miliband’s ‘break the link’ plan is not a magic formula for lowering energy bills
The government’s plan to de-link gas and electricity prices will have a modest effect – more promising are plans on EVs and heat pumps

Airlines demand UK relax noise rules and cut flight tax as fuel shortage looms
Ministers also asked to alter compensation rights and suspend emissions trading scheme amid Middle East war

Shake-up will help UK motorists without driveways to charge EVs
Green light likely for law allowing automatic approval for pavement ‘charging gullies’ to help boost EV take-up

Why are UK electricity prices linked to gas – and what does it mean for bills?
Government has shaken up the way electricity is priced as British costs are among the highest in the world

Carney names broad team to advise on tense US-Canada trade talks
Conservatives and former provincial premiers among those PM names to advisory committee on economic relations

Welsh farmers launch landmark claim against ‘intimidating’ pylon firm
About 500 farmers challenge Green Gen Cymru in high court over alleged disregard for landowners and biosecurity

Wage growth hits lowest level since November 2020; Rachel Reeves will not take ‘knee jerk’ action on Iran war – as it happened
Rolling coverage of the latest economic and financial news

UK unemployment shows surprise fall to 4.9% as pay growth drops to lowest in five years
Bank of England expected to keep interest rates on hold as Iran war casts shadow over labour market

Primark to split from food business despite warning of Iran war impact
ABF, which owns Kingsmill, Twinings and Patak’s, to demerge fashion chain to maximise shareholder returns

Royal Mail invests £500m to tackle late deliveries as second-class post cut back
Courier promises to meet new delivery targets by next May after being fined last year for poor record