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‘Just worry upon worry’: Europe faces a bleak winter as supply shock pushes factories to the brink

From Shropshire to Hamburg, depleting reserves and spiralling costs are spawning a continent-wide energy crisis

UK economy unexpectedly grows 0.4% in July boosted by AI

Welcome boost for chancellor with unexpected rise put down to rapid growth of AI in services sector outweighing Iran war fallout

New battery-powered trains to ‘bring faster journeys to the north’

No 10 says new fleet of trains built in Derby will support 6,000 jobs across UK

Friday briefing: Would a wealth tax save our public services or be billionaire repellent?

In today’s newsletter: Some think taxing the super-rich is a moral obligation, others say it drives cash away from the country. The truth may be somewhere in the middle

The ‘great grid upgrade’ is off track – ministers should spell out the risks for bills

National Audit Office calls for greater transparency on £70bn programme that is running over budget and behind schedule

Speed up electricity grid upgrade or else face higher bills, warns UK watchdog

National Audit Office says failure to implement £70bn modernisation would also hold back economic growth

Woolworths increased prices of at least four ‘family staples’ during ‘Price Freeze’ promotion

Exclusive: Analysis shows cost of chicken fillets, potatoes and donuts rose during supermarket giant’s three-month promotion

Ministers face backlash from hospitality industry over ‘tourist tax’ plans

Many mayors welcome power to impose tourist tax but industry warns of ‘irreparable harm’ and job losses

Global bond sell-off resumes as surging oil prices stoke fears about inflation

Crude jumps above $107 a barrel amid concerns over Middle East conflict and out-of-control government borrowing

The hospitality industry fears a tourist tax will deter visitors – the evidence says otherwise

Studies from hotspots across Europe that have introduced levies suggest they have no impact on visitor numbers

Ryanair boss says airline will dispute account of passenger who said they were partially sucked out of window – as it happened

Ljubisa Karović suffered neck and shoulder injuries after the window broke during the flight

The Odyssey and Spider-Man propel record-breaking summer box office worldwide

The biggest May to September of all time was recorded in US cinemas, with the UK enjoying a 56% rise in audiences, outstripped by an 88% lift in the Middle East and Africa

Primark to launch home delivery service despite ‘challenging’ market

Chain has long avoided deliveries in Great Britain but says a shift now offers ‘opportunity for profitable growth’

ECB raises interest rates to 2.5% and warns Iran war is fuelling inflation

Borrowing costs climb in Europe and oil tops $105 a barrel as bank says growing price pressures in eurozone will be ‘longer lasting than we had anticipated’

Ryanair will dispute passenger’s claim he was sucked out of window

CEO Michael O’Leary tells reporters the businessman was sucked ‘towards’ but not ‘out of’ the opening

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  • People in the US: what is your personal ‘recession indicator’?
  • John Healey poised to raise taxes on banks in budget
  • 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
  • Wallace & Gromit maker Aardman falls short of return to profit
  • UK economy unexpectedly grows in August despite fall in consumer spending
  • ‘I introduce myself to anyone who looks a bit jumpy’: a security guard’s take on anti-shoplifting fixes
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  • UK households have paid extra £13,961 on bills since 2021 amid soaring inflation, TUC says
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  • Unemployment in Australia reaches 4.7%, its highest in nearly five years
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  • UK hospitality sector to offer up to 100,000 jobs to young people out of work
  • 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

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