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NS&I boss forced out as bank faces £470m payout over missing savings

Pensions minister promises the ‘full truth’ as external advisers are hired to identify the scale of the errors

The Middle East price shock hasn’t hit Next – yet

Timing lags in the retail industry mean the impact of fuel and fabric inflation may not be felt until autumn ranges land

‘Tehran’s tollbooth’: a visual guide to how a trickle of ships still passes through strait of Hormuz

Many of the vessels willing to make the crossing are taking an alternative route through Iranian waters

NS&I chief executive replaced in ‘fresh start’ over missing savings crisis; bad day for markets – as it happened

Pension minister says ‘appropriate compensation’ will be paid to the approximately 37,500 people affected

War in Iran ‘not a Nato matter’, Finland president says in defence of alliance – as it happened

The comments came after the US president lashed out as Nato, saying it didn’t help to open the strait of Hormuz when requested

Next says Middle East conflict could raise clothing prices by up to 10%

Retailer says higher fuel and factory costs may hit supply chains and lead to ‘significant increase in prices’

Two salon owners wanted to go zero-waste. Could they do it and keep their business afloat?

Scisters Salon & Apothecary in the San Diego area is committed to sustainable beauty and going low-waste

Fossil fuel companies finally accept the climate crisis – just not their role in it

The era of corporate climate denial is over but in courts around the world the big names have shifted strategy

Ministers vow to spend record £8.4bn on road maintenance in England

Move is part of £27bn five-year investment plan for A-roads and motorways, with almost a third going on work such as resurfacing

Starmer tells Travelodge boss to engage with MPs over sexual assault case

PM tells Jo Boydell of concerns about her lack of availability to discuss how staff gave man access to victim’s room

Octopus reports sharp rise in solar panel sales since start of Iran war

Firm’s sales up 54% this month and Good Energy reports doubling of interest in solar after latest oil price shock

Sewage released into England’s rivers and seas nearly 300,000 times last year

Campaigners criticise frequent use of storm overflows when parts of the country were in drought for months

Ticketmaster quietly raised other fees after US crackdown on hidden charges

Documents obtained by Guardian show company increased different fees to ‘offset revenue loss’ from FTC rule change

Flights, fertilizer, mortgage rates: how the Iran war is raising more than just US gas prices

Oil is used to power the supply chain, from machines that manufacture a cellphone to diesel that powers a truck

Travelers flock to Clear security app to bypass TSA lines amid US airport chaos

Clear Secure has seen jump in new sign-ups amid the partial government shutdown as TSA workers go unpaid

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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
  • ABC sues Trump’s media regulator over demand for TV license renewals
  • Oil prices jump after US-Iran ceasefire expires and Trump threatens Oman
  • Governments’ borrowing costs hit further multi-decade highs as US-Iran peace hopes fade
  • ‘Picky bits’ on the menu as British shoppers snap up picnic food in heatwave
  • UK pay growth slows as job vacancies hit five-year low
  • Sports Direct owner Mike Ashley tightens hold on Hugo Boss
  • 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

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