John Lewis losses widen to £124m as shopper confidence dips

Retailer says first half was a tougher market than it expected, though Waitrose grew sales

Trouble in US bond market could mean higher prices are here to stay

Concerns over rising inflation, continuing war with Iran, and the US’s record national debt have shaken the market

Threshold pushes some to reduce hours or stop working to avoid losing entitlement, report warns

Scott Bessent made announcement on Wednesday as bond yields rose to highest point since 2008 financial crisis

Authorities and public bodies to be urged to buy goods and services from Europe, but without binding quotas

AFL-CIO calls for ban on such labels to protect consumers and workers from surveillance pricing and job cuts

Bridget Phillipson to announce creation of unit which will make class a key part of its equalities agenda

National Air Traffic Services apologise for technical issue disrupting departures today, which Flightradar24 say has caused hundreds of cancellations

High yields threaten to wipe out at least half of the £24bn headroom John Healey was expecting to have for his budget

Sarah Jones tells MPs ‘those responsible should expect to face the consequences’

Rolling coverage of the latest economic and financial news, as JLR plans to cut almost one in 10 workers

Chancellor ducks questions on whether he will have to raise taxes but says he will stick firmly to fiscal rules

Beijing wants banks and insurers to bolster investment in stock market as it helps to replenish cash reserves

Global AC demand will inevitably accelerate as the world continues to warm amid the climate crisis

Bond market volatility means John Healey will have to take tough decisions, soon, if he wants to meet spending pledges