US data agency cancels October inflation report as Fed considers whether to cut rates Bureau of Labor Statistics canceled release of October’s consumer price index, citing the government shutdown
Europe’s economy is geared towards a disappearing world, says ECB’s Lagarde Central bank chief warns that the bloc’s dependence on third countries for trade and security has left it vulnerable
UK government borrows more than expected in setback before budget October figures represent final snapshot of public finances before Rachel Reeves’s tax and spending statement
Wetherspoons to open first pub in Spain – offering garlic prawns and beer from 6am Opening in Alicante airport is the chain’s first move into mainland Europe, and will offer outdoor drinking
Households in Great Britain face surprise rise in energy bills from January Energy price cap for average dual fuel bill will increase to £1,758 a year, from £1,755 in the current quarter
Rachel Reeves sick of people ‘mansplaining’ how to be chancellor As she prepares to deliver her budget next week, Reeves speaks of pressure of being UK’s first female chancellor
Asos turns to AI stylists to win back shoppers after sales slide 12% Online fashion retailer says action to cut discounts and deter ‘serial returners’ contributed to fall in sales
Leading law firm cuts London back-office staff as it embraces AI Clifford Chance makes about 50 roles redundant, and PwC indicates that AI may lead to fewer hirings
UK retail sales drop unexpectedly as shoppers await Black Friday and budget Supermarkets, clothing stores and online mail order firms suffer sales declines as consumers delay purchases
AI bubble fears return as Wall Street falls back from short-lived rally Leading US stock markets tumble less than 24 hours after strong results from chipmaker Nvidia sparked gains
‘Devastating to think of lives that could have been saved under different PM’, say Covid bereaved – as it happened Findings of inquiry into handling of pandemic by Boris Johnson’s government paint picture of delay and inaction
Reeves urged to ‘grasp the nettle’ with wholesale reset of council tax Experts say chancellor should go further than rumoured plan to update value of homes in top three bands
Serious Fraud Office arrests two men over suspected £20m crypto fraud Law enforcement agency raids two sites in West Yorkshire and London as it appeals for information
Industry can’t wait any longer for a fix to its energy crisis. Ministers should get a move on Make UK’s call for the government to recognise that the energy crisis for industry is happening now is spot-on
‘No contract, no coffee’: what to know about the Starbucks workers’ strike in 65 US cities More than 2,000 Starbucks employees are on the picket line as politicians like Zohran Mamdani back striking workers