Boohoo fined €2.3m by French watchdog over deceptive discounts Fashion site also broke rules on labelling by using terms ‘leather’ or ‘suede’ for synthetic products
Founder of China’s Evergrande jailed for life after pleading guilty to fraud Hui Ka Yan also forfeits all his personal property and the company he set up is given hefty fines
From McDonald’s to Congress: can a former fry cook flip a key district for Democrats? Manny Rutinel hopes price-tag politics can win key voters in Colorado House race
JD Sports cuts £50m from profit forecast as cost of living pressures hit trainer sales Inflation fuelled by Iran conflict deterring shoppers, especially in the US, says high street chain
Oxfam ‘can’t guarantee future’ of charity shops as it also reviews warehouse business Dwindling donations and stiff competition from secondhand sellers online prompt review but ‘no plans for closures yet’
US gross national debt tops $40tn for first time Milestone marks years of government spending that grew under both Donald Trump and Joe Biden
Can Andy Burnham rewire the ‘Treasury brain’ to boost growth? PM wants to reduce department’s stranglehold on public purse and bring long-term thinking to economic policy
All power to the UK competition watchdog’s war on ‘drip pricing’ Competition and Markets Authority on message with PM’s planned purge of hidden fees and add-on charges
Is the US actually too chicken to take on China for trade? A weak yuan guarantees Beijing massive trade surplus even as the White House tries tamp down on Chinese imports
Jaecoo owner Chery takes ‘next step’ in UK push with R&D centre Owner of firm behind ‘Temu Range Rover’ will open facility in Bedfordshire in autumn
Australia’s drop in real wages is a disaster. But the profits of major corporations are doing just fine Wages are not growing out of control and the labour market is not ‘tight’
US treasury doubles debt buyback to steady bond market amid inflation fears Interest rates, now sitting at about 3.5-3.7%, expected to go up if inflation doesn’t come down to Fed’s 2% target
Lewes derailment: images show track defect before incident on hottest day Network Rail and Southern owner GTR apologise after investigators reveal picture of possible heat-buckled track
British energy bills forecast to hit three-year high this winter Expected quarterly price cap rise of 4% likely to wipe out benefits of Andy Burnham’s VAT cut on electricity bills
US Treasury bond yields tumble after Scott Bessent steps in to calm market – as it happened US Treasury department announces it will ‘at least’ double its government debt purchases