US stock markets fall amid Iran strikes and potential higher interest rates Dow down 1.09%, or 500 points, as S&P 500 sees a small loss and tech-heavy Nasdaq rises slightly
City watchdog attacks consumer group in £9.1bn car loan payout battle FCA clashes with Consumer Voice, alleging lack of transparency and conflict of interest
Oil prices rise sharply after Iran launches attacks on tankers near strait of Hormuz Brent crude benchmark rose to more than $80 a barrel, its steepest increase since ceasefire began
UK Treasury yet to do due diligence on finding extra money for defence How to hit the 3.5% of GDP spending promise made to Nato would be a matter for the next prime minister, MPs told
Can’t catch the train, can’t use Eftpos, can’t charge your car: how Telstra’s outage wreaked havoc across Australia Trains, mobile phones, triple-zero calls and even EVs – if it communicates, Telstra bricked it
Oil prices jump over 5% after Trump suggests ceasefire with Iran has ended following fresh US strikes – as it happened Brent crude spikes to a daily high of $79.26, gas prices rise, stock markets slide and government bond yields surge on inflation and rate hike fears
Bank of England governor says he is ‘able to spot’ lobbying after Farage crypto meeting Exclusive: Andrew Bailey says no policy changes were made as a result of pressure from crypto tycoon-backed Reform leader UK politics live – latest updates
Britain’s markets attracting generation of highly educated entrepreneurs Nearly a quarter of market traders now hold master’s degree, PhD or medical doctorate, research shows
The Hill is capitalizing on reader interest in the second Trump administration The Washington-based publication is announcing plans for a new digital subscription product called the Hill Insider
IMF upgrades UK growth forecast as fears over impact of Iran war diminish July update projects GDP growth of 1% this year, making UK the third fastest-growing economy in the G7
German car industry warns of job collapse unless ‘bold decisions’ made to address Chinese threat VW to propose 100,000 job losses to board and says car plants could be put under foreign ownership to save jobs
Virgin Media fined record £28m for stopping customers cancelling contracts Ofcom levies largest-ever consumer protection fine after finding firm deliberately mishandled millions of phone calls
Housebuilder Vistry warns of losses amid heavy discounting on unsold homes Group blames expected £30m loss in first half of year on weakening market and lower consumer confidence
Severn Trent spared Ofwat fine after ‘serious’ waterwaste and sewage failures Regulator found ‘unacceptable’ breaches in water company’s handling of drainage and sewage network
Trump’s policy mayhem is making even the Maga faithful consider walking away Even voters who identify as foot soldiers of his political army are increasingly willing to blame Trump for their economic troubles