Tax promises, defence targets and Iran: Andy Burnham’s budget headaches As economic circumstances worsen, the PM’s commitments have left him and the chancellor in a tight spot
Households could save up to £173 a year by switching to fixed energy deal Moving tariffs will cushion the blow from the October price cap rise and the increase widely predicted for January
UK risks falling behind in AI race without faster telecoms upgrades, say executives Planning delays and slow 5G upgrades could leave the UK unable to cope with a surge in AI-related traffic
‘Winter panic’: EU gas stores at their lowest level in 13 years As one of Europe’s biggest consumers of gas the UK may be particularly exposed to heightened price volatility
Trump announces new US oil agreement with Venezuela US president says US will have ‘majority’ control of 65bn barrels of proven oil reserves
London Science Museum cuts links with BP after decades of partnership Campaigners say ‘seismic shift’ follows years of pressure to sever ties with oil and gas firm
US Federal Reserve’s Kevin Warsh warns there will be ‘work to do’ unless high inflation eases – as it happened Rolling coverage of the latest events in global financial markets, the economy and major corporate moves
Fed chair says delivering ‘stable prices’ is central bank’s job as inflation persists However, Kevin Warsh didn’t say if interest rates would change in coming months, as inflation remains stubborn
Trump pledges to allow cattle ranchers to process own food amid beef imports backlash President faces criticism over plan to import up to 300,000 metric tons of foreign beef without charging higher tariffs
Labour rejects Zack Polanski’s call to ‘slam brakes’ on building AI datacentres Government says Green leader’s proposed moratorium on ‘energy-guzzling’ AI projects would be disaster for economy
This US city only has one supermarket for 45,000 people. New legislation seeks to fix that Big grocery can use anti-competitive clauses to block other stores from entering a market. Rhode Island is the second state to ban that practice
Asda returns to growth after more than two years Chair Allan Leighton says lower prices and an improved online service are attracting more shoppers
UK petrol prices hit highest level in almost four years as bank holiday getaway looms Average cost of petrol reaches 161.6p a litre, while diesel costs average of 183.4p, according to the AA
Detroit despairs as ‘insanity’ of Trump’s Canada trade war punishes city Unpopular new policy comes as midterms loom and control of Congress could be decided by several Michigan races
Jumping beans: UK shoppers turn to legumes to save cash and improve diet Sales of beans, lentils and soya bean derivatives on rise while Britons buy less real and fake meat