‘Cost of housing’ crunch looms for low-income families, warns Resolution Foundation
Thinktank calls on chancellor to end housing allowance freeze with typical two-bedroom household facing £158 week shortfall amid rent rises
Software defect blamed for UK air traffic control chaos; FTSE 100’s worst day since July; Volkswagen cuts outlook – as it happened
Rolling coverage of the latest economic and financial news
Kylian Mbappé leaves Nike after 20 years to sign boot deal with Swiss brand On
The France captain, who will also become a shareholder in the company, said of the move: ‘We have a shared dream, and this is only the beginning’
Flight chaos for hundreds of thousands was caused in ‘millisecond’ by software error
Error first occurred at 10am but major incident was not declared until 12.30pm, says report
Marks and Spencer’s first LFW catwalk gamble pays off with compelling looks at affordable prices
Retailer’s message is ‘fashion with a small f’ as it picks up on trends and brings styles for everyone to debut runway show
Warren Buffett steps down as chair of Berkshire Hathaway after over 50 years
‘Father Time always wins,’ Buffett, 96, says as his son, Howard, steps in as the $1tn conglomerate’s new chair
BrewDog creditors owed £190m will not be paid in full, say administrators
There are ‘insufficient funds’ to pay unpaid wages, tax owed to HMRC and overdue bills, accountants say
BBC cash reserves hit lowest level in a decade after big single-year spend
Exclusive: Reserves at public service arm drop 66% as broadcaster undertakes large cuts in effort to save £500m
Retail sales bounce back in Great Britain amid brighter signs for economy
Latest data to defy economic gloom shows 0.5% rise boosted by purchases of sports items, aircon units and fans during heatwaves
US wheat farmers navigate uncertainty amid drought and geopolitical chaos
Some experts worry factors affecting wheat exports could push global food prices even higher than they are now
Workers in New York seek to create first AutoZone union as company resists
Company may have spent about $200,000 to fight union effort in White Plains, where 11 people can vote to join UAW
Drivers ignoring roadwork closures to skip queues ‘wilfully putting lives at risk’
Hundreds of cars driven through cones or barriers in England this year, says National Highways
Japan raises interest rates to 31-year high to curb impact of rising prices
Increase from 1% to 1.25% follows US Federal Reserve and European Central Bank tightening monetary policy
Todd Boehly exits Chelsea diminished after having his fingers burned
The billionaire’s departure will change little day-to-day but could be significant for club’s stadium plans
Global leaders urged to join initiative to fight extreme inequality
More than 1,500 academics and economists sign letter, calling growing gap between richest and poorest ‘a policy choice that can be reversed’