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US Senate expected to confirm Kevin Warsh as next Federal Reserve chair

Warsh would succeed outgoing Fed chair Jerome Powell as Trump continues his push to influence the US central bank

Heathrow passenger numbers dip as demand for international travel ebbs amid Iran war fallout

Airport reports 5% decline but transit passenger business rises as fliers use hub to avoid Middle East airports

UK savings: six traps to avoid when you’re finding a new deal

When fixed-rate accounts hit the end of their term, there are pitfalls to avoid when finding a new home for your cash

UK households bracing for new cost of living crisis, report finds

PwC survey reports fast fall in consumer confidence with people worried about Iran war’s impact on economy and personal finances

‘It’s like we went bankrupt overnight’: poorest Somalis suffer as piles of worthless shillings mount up

Banknotes are now so tattered that even buses refuse to accept them, as a dollarised economy and mobile phone payments push up the cost of essentials

Delayed Great British Railways’ first station to open at Cambridge South in June

Station will be first to be given full GBR branding and will directly link city’s Biomedical Campus to London, Brighton and Stansted airport

Europe should behave more like China does if it wants to survive this age of chaos

Instead of obsessing over rules that have ceased to matter, we must consider giving Beijing a dose of its own medicine, says Mark Leonard of the European Council on Foreign Relations

Full nationalisation of British Steel expected in king’s speech

Officials reportedly drafting legislation likely to safeguard Britain’s last blast furnaces and save thousands of jobs

Mike Ashley admits he was behind video that brought down JD Sports chair

Sports Direct founder says people in his employ recorded footage of Peter Cowgill meeting another retail boss

Trump tariff refunds are happening – and businesses should pay attention

Business owners may have to wade through paperwork, but the US government is now actually processing refunds

‘Degree of complacency’: are supply chains prepared for impact of ongoing Iran war?

The economic warnings are bleak, but full extent of shortages are still not felt for many European countries

Advisers urge JP Morgan investors to vote to split chair and CEO positions

ISS and Glass Lewis back shareholder resolution amid fears over power wielded by Jamie Dimon, who holds both roles

Saudi Aramco profits jump despite conflict in Middle East

Saudi Arabia’s state oil company’s profits up 26% to £26.9bn in first three months of year

From fringe issue to the heart of politics: the UK Living Wage campaign marks 25 years of success

The group’s latest triumph won over the Department for Business and Trade, now it is eyeing private care providers and supermarkets

Cape Verde bets on tech to reverse postcolonial brain drain

African archipelago hopes startups, digital infrastructure and diaspora investment can transform its economy

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  • Cost of balancing Great Britain’s power grid reaches nearly £50m a day
  • Lisa Nandy ‘minded to intervene’ in Sky’s £1.6bn purchase of ITV
  • Cult venue Prince Charles cinema ‘saved’ after lease renewal signed
  • Wall Street drops after jump in US producer inflation; John Healey says UK banks are part of ‘jewel in the crown’ – as it happened
  • Tech market sell-off deepens amid fears over US inflation and AI debt
  • US lawmakers unveil bill to hold Wall Street’s ‘Epstein-connected’ bosses to account
  • Bad news for Trump ahead of the midterms: it’s still the economy, stupid
  • John Healey vows to give ‘breathing space’ to consumers and businesses in first budget
  • Gen Z wrestle with shame from ordering delivery food: ‘This economy is not for the weak’
  • Key US voters say economy is getting worse ahead of midterms, exclusive poll finds
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  • Poland’s ascent from communist state to top 20 economy reverses the brain drain
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  • The UK energy secretary is flirting with a bad idea for bills – the ‘rising block tariff’
  • Sir Trevor Phillips urges CBS News colleagues to give critics blunt riposte
  • Done family took £30m dividend from Betfred before warning of job cuts
  • US inflation rose to 3.7% in September in blow to Republicans before midterms
  • ‘Ugly’ jump in US inflation, driven by gasoline prices, in blow to Trump before midterm elections – as it happened
  • English and Welsh water firms could be forced to return £107m via lower bills

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