UK inflation unexpectedly stays at 2.8% with higher transport costs offset by slower food price rises – as it happened

Food prices rose at the slowest rate since December 2024 with declines in inflation for meat, cheese, vegetables and cheese

Jaguar Land Rover to make more hybrid cars in US sales push

Drive to appeal to wealthy Americans is part of pivot away from previously announced all-electric strategy

AO boss blames Labour as it shifts UK call centre roles abroad

About 150 jobs have already been lost in Bolton as the retailer reports 145% rise in profits and hands £20m to shareholders

Real estate event in London ‘advertised sale of land in illegal Israeli settlements’

Pamphlets from event featured projects in West Bank and East Jerusalem despite previous denials by organisers

Lululemon apologises after Japanese drum row at Great Wall yoga event

Online uproar follows Canadian brand’s use of taiko drum at sponsored festival held to celebrate Chinese culture

Surprisingly benign UK inflation data signals a softer Iran war hit than feared

Impact of war on UK cost of living more muted than first forecast suggesting fuel price rises have failed to spill out more widely across UK plc

UK inflation stays at 2.8% as slowing food prices offset rising transport costs

May’s figure confounds forecasts of an increase to 3% as Bank of England prepares to set interest rates

‘Tax break tart’: hospitality tipped to exploit summer VAT cut on children’s meals

As bosses ridicule the chancellor’s scheme, one venue is offering a £25 ‘kids’ menu of snails and anchovy butter toast

John Lewis injects £20m into Glasgow city centre store in wider branch reboot

Upgrade to Buchanan Galleries part of £50m spend this year and £800m by 2029 to revive appeal of department stores

Fashion tycoon Bernard Arnault accused of stranglehold over French business press

Arnault’s addition of leading weekly to stable of publications raises concerns about media ownership in France

Lib Dems to urge Labour to drop ‘torpor and timidity’ on EU and rejoin single market

Exclusive: Ed Davey to make call ahead of 10th anniversary of Brexit vote, in strengthening of party’s position on EU

Is it bad that Elon Musk has a trillion dollars? Yes, and here’s why

Just as the ‘poverty line’ determines what’s required for basic living, we need a ‘wealth line’ to show when extreme wealth becomes harmful, says economist and philosopher Ingrid Robeyns

SpaceX overtakes Amazon to become world’s fifth most valuable company

Elon Musk’s firm briefly reached $2.97tn valuation days after its IPO following purchase of AI coding startup Cursor

The tide is turning on Thames Water: special administration looks best

It is still not totally clear what the government wants but the political mood seems to be shifting towards a decision

US small business owners: how are you operating in the current economic climate?

We would like to hear from small business owners in the US about how they’re adapting to challenges such as inflation