Norway’s national oil company’s profits double to $11.5bn amid war on Iran

Equinor benefits from decision to increase oil and gas production during strait of Hormuz blockades

I joined the long lines for Trader Joe’s viral tote bags. What I found surprised me

Shoppers are waking up before sunrise to score the $3 mini grocery bags, which have become a global status symbol

Lloyd’s of London says ex-boss’s ‘close relationship’ breached compliance rules

John Neal failed to disclose ties with colleague that created a potential conflict of interest, investigation finds

Wetherspoon issues fourth profit warning in seven months

Pub chain blames worse-than-expected sales on rising costs for workers, food, energy and property taxes

UK inflation falls by more than expected to 2.6% in lift for Andy Burnham

Annual June figure comes after new PM pledges to reduce cost of living and improve economy

‘Risking blackouts’? How Great Britain’s grid operator was dragged into a political row

Neso denies allegations aired by Tory MP that staff took part in cover-up over decision-making in heatwave

Trump announces new tariffs on generic drugs to take effect in 2028 – as it happened

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Fiscal hawk or big spender – what kind of chancellor will John Healey be?

Diligent, popular, unexpected pick for the Treasury has been given a straitjacket – and the job of funding PM’s policy promises

Airbus to test folding wings for next generation of bestselling planes

Such technology solves problem of longer, thinner, energy-saving wings not fitting in airports around the world

Burnham has forced greater clarity at Thames Water. Now he must choose

Bondholders are suddenly showing flexibility after 18 wasted months at ailing utility company

RBA now twice as likely to hike interest rates as US-Iran war drives fuel prices higher

Experts warn global energy market at a ‘critical juncture’ with escalating Middle East crisis expected to further drag on a slowing Australian economy

Oil price rises above $90 as US and Iran exchange fire and Houthis threaten naval blockade in Saudi Arabia – as it happened

Rolling coverage of the latest economic and financial news

Andy Burnham shakes up Whitehall with new government department

Office of Prime Minister and Cabinet, led by Louise Haigh, will oversee both No 10 in London and Manchester

What will Andy Burnham’s VAT cut on electricity bills mean for you?

New prime minister is implementing immediate tax cut to help ease cost of living pressures for British households

Two in five Americans believe stock market only serves the top 1%

Exclusive Harris poll for Guardian reveals Americans’ assumptions about stock market and wider economy