UK house prices rise in June despite ‘wider economic uncertainty’; oil prices up after attack on tanker in strait of Hormuz – as it happened

Rolling coverage of the latest economic and financial news

Burnham urged to ditch ‘dangerous’ UK-US NHS drug deal

Exclusive: health groups call on expected next PM to rip up agreement, which analysis suggests could lead to 229,000 excess deaths by 2036

Act soon to change ‘unsustainable’ direction of UK debt, OBR warns

Forecaster says curtailing rising costs such as health and pensions ‘are today’s challenge, not just tomorrow’s’

EU rejects suspending biometric border controls despite 20 ‘difficult spots’

Officials admit new post-Brexit EES system is ‘not perfect’, as airports and airlines voice fears over delays

Half of Americans struggle to afford groceries and gas, exclusive poll finds

About 57% of polled Americans also believe economy is worsening in grim portrait of cost of living crisis, according to Harris survey for the Guardian

Thames Water creditors ‘will bid for company even if it is nationalised’

Group of 100 investors still discussing £10bn rescue proposal with officials from regulator Ofwat, says report

UK house prices rise for first time since start of Iran war

Typical property cost £299,330 in June, 0.2% more than the month before, says Lloyds

Adapt or die: the Australian live music lovers trying to reinvent an ‘ancient’ and ‘unviable’ industry

With punters drinking less, running costs rising and one-third of the sector wiped out by Covid, venues and promoters are turning the business model on its head

Streaming storm made ITV sharing a roof with Sky sadly inevitable

While everyone agrees the deal is the end of an era, it was also unavoidable in the era of Netflix and Disney+

EasyJet shares jump almost 10% after it agrees £5.5bn takeover bid

Airline’s board to recommend offer of £6.90 a share in deal analysts say shows UK firms are being bought on the cheap

Higher-earning Australians flocking to 5% first home deposit scheme, with some borrowers earning over $200,000

Exclusive: Economists warn Labor’s removal of caps could be pushing up prices as support flows to people in better financial positions

Trump rings New York Stock Exchange bell to mark first trading day for ‘Trump accounts’

US president rings bell from White House and showcases initiative that gives children a $1,000 investment account

Sky owner strikes £1.6bn ITV deal; easyJet shares hit four-year high after it agrees £5.5bn takeover ‘in principle’ – as it happened