Bank of England holds interest rates despite Iran war inflation threat – as it happened

Live, rolling coverage of business, economics and financial markets as three members of monetary policy committee vote to raise rates

Raids across UK in crackdown on nuisance car finance texts

Laptops, phones and documents seized as information commissioner acts on messages about mis-selling scandal

US economy grows sluggish 1.5% in second quarter as inflation tops Fed target

Consumer spending remained resilient even as policymakers kept interest rates on hold

Only the Middle East crisis is preventing a drop in UK interest rates

Bank’s wariness about inflationary pressures from the conflict lie behind decision to hold steady at 3.75%

HMRC fines Airbus £6.4m for breaching rules on export of sensitive technology

Manufacturer self-reported the offences in the tax authority’s largest such out-of-court settlement

Lloyds Bank to cut £2bn in costs as part of AI-powered strategy

Chief executive says the four-year plan will lead to greater efficiency but gives no details of potential job losses

US borrowing costs hit 19-year high as Fed holds interest rates

Bank’s chair pledges to keep up fight against inflation but decision brings fears of a failure to keep pace

Shell’s profits more than double after jump in oil and gas prices

Environmentalists renew calls for windfall tax to support households after Q2 earnings rise to almost $10bn

Carmakers ‘delaying investment in UK factories until EV sales rules relaxed’

Industry wants mandate forcing manufacturers to sell increasing share of electric cars each year to be eased

Meta misses earnings forecasts after Zuckerberg media push to promote AI

Stock tumbles nearly 8% after weaker-than-expected results, despite CEO’s blitz to tout positive effects of AI

Fed holds interest rates steady despite Trump’s renewed calls to lower them

Rates remain unchanged for fifth time since December as tenuous Iran peace deal pushes energy prices up again

TfL brings case worth up to £1bn against carmakers over Ulez compliance

Transport for London claims polluting diesel vehicles had been able to enter clean air zone without having to pay

FTSE 100 hits record high despite AI sell-off

Strong corporate results buoy market as investors move money away from tech and semiconductor stocks

The likelihood of the RBA raising interest rates has fallen. Have we finally come to our senses?

The latest inflation figures have put off the expectation of another rate rise until early next year – unless we look for an excuse for the RBA to move earlier

Oil jumps after Iran attempts ‘surprise attack’; chip stocks slump further as AI sell-off continues – as it happened

Rolling coverage of the latest economic and financial news