Lidl and Iceland ads are first banned under new UK junk food rules ASA rules ads on Instagram and Daily Mail website broke ban on promoting items high in fat, salt and sugar
Iran war escalation could trigger global recession, IMF warns Growth forecasts cut for US and global economy, while UK suffers sharpest downgrade in G7
South East Water chief executive to forgo his bonus over ‘unacceptable outages’ David Hinton will receive only his £400,000 salary this year after thousands of customers were left without water
Reeves arrives at IMF with little leeway to prove its UK downgrade wrong Chancellor faced with fund’s forecast that impact of Iran war will leave Britain as G7’s biggest loser
Run the dishwasher, plug in the car: how Great Britain plans to use record wind and solar power With a summer glut on cards, customers are being urged to use more energy when renewables are abundant
BP’s new boss to overhaul structure after retreat from green strategy Meg O’Neill to return to upstream and downstream divisions after shift away from low carbon push
Jamie Dimon says private credit defaults are not threat to major banks Recent losses on loans in relatively unregulated sector are not a systemic risk to financial sector, says JP Morgan boss
Democrat Ro Khanna to introduce bill to stop US gasoline exports amid Iran war Congressman says keeping gas supplies at home could lower costs for Americans amid price hikes sparked by war
United Airlines CEO reportedly pitched merger with American, sparking competition fears Critics warn of ‘absolute disaster for the flying public’ if two air travel giants try to combine
People in the US: how has the surge in gas prices affected what you do? The average gas price is now more than $4 a gallon amid the Iran war. We’d like to hear how this has affected you
UK growth forecasts slashed by IMF as Iran war hurts global economy – as it happened International Monetary Fund has lowered its forecast for UK growth in 2026 and 2027, due to Iran war and weak growth in late 2025
China Evergrande’s billionaire boss pleads guilty to fraud Hui Ka Yan expresses remorse in trial proceedings after collapse of world’s most indebted property developer
UK steel exports to EU at risk as bloc doubles tariffs and halves quotas Decision to reduce duty-free quotas by 47% aimed at curbing Chinese imports
IMF warns ‘unprecedented’ energy crisis could trigger global recession as Australia prepares for Washington talks As treasurer Jim Chalmers weighs ‘extreme uncertainty’, one economic scenario sees global growth plunging to just 2% in 2026
Nissan turnaround plan pins hopes on ‘AI-defined vehicles’ Japanese carmaker will add self-driving abilities to 90% of cars in future and cut a fifth of its models