Households in Great Britain ‘could owe energy suppliers £7bn by end of year’

After higher prices for winter kick in, energy debt unpaid for more than 30 days likely to rise, says Energy UK

Iran’s rial falls to record low as Scott Bessent warns of ‘economic D-day’ – as it happened

US Treasury secretary to announce sanctions against Tehran at a press conference at 1pm EDT (6pm London time)

World’s largest streaming services have also increased subscription costs repeatedly in US, research finds

Campaigners say proposal for £10bn rescue deal in bid to avoid nationalisation is a ‘cosy stitch-up’

Research shows firms are branded as beauty and convenience but apparently operate in money-laundering and terrorist financing sectors

Hélène Duguy is taking on companies accused of failing to stop Pfas pollution in the area of France she calls home

Test of US rhetoric will rest on whether nations such as India, China and Russia view economic threats as credible

Other lives: Champion of the wool industry who spent many years with the National Wool Textile Export Corporation

The US is scooping up treasury bonds in an effort to raise their price and push yields down – but it’s not working

China-based retailer swung to $99m loss in first quarter and faces scrutiny over its environmental footprint

Just 8,383 jobs for people leaving university were advertised in July, says recruitment website Adzuna

Investors will hope Kevin Warsh offers ‘comfort blanket’ at annual meeting of central banks amid bond market anxiety

Resolution Foundation suggests economy may finally be emerging from shadow of 2008 financial crisis

Review will look at improving system for English and Welsh hospitality venues before next revaluation date in 2029

PM Mark Carney says ‘we got attacked’ as tariffs come into force on items from hockey sticks to tongue depressors