Governments’ borrowing costs hit further multi-decade highs as US-Iran peace hopes fade Bond yields in US, UK, Germany France and Japan rise after ceasefire ends and Trump threatens to bomb Oman
‘Picky bits’ on the menu as British shoppers snap up picnic food in heatwave Consumers also turn to supermarket deals to save money, helping slow grocery price inflation
UK pay growth slows as job vacancies hit five-year low Iran war prompts cost of living squeeze for workers as ONS reports unemployment rate stays at 4.9%
Top economists urge Burnham to sign UK up to UN initiative on global inequality Open letter signed by 40 academics including Nobel winner Joseph Stiglitz and Kate Pickett, co-author of The Spirit Level
China’s economy showing signs that slowdown may be extending Industrial output and retail sales slump in July after one of the country’s weakest quarterly growth rates ever
Leading economies’ borrowing costs hit highest since 2008 crisis Concern over impact of Iran war pushes up government bond yields in US, UK, France, Germany and Japan
Summer jobs bounce back in UK thanks to busy calendar of sport and music Industry tracker finds ‘exceptionally warm weather’ has helped boost job listings in hospitality and tourism sector
Interest rate dilemma for central banks as inflation rises but growth slows The Federal Reserve, the ECB and the Bank of England appear unclear on how to tackle inflation amid the Iran war
A positive new report raises the question: was Reeves undermined by dodgy data? Assessment’s finding of a jump in UK productivity emphasises urgent need to appoint a national statistician
New UK cost of living crisis looms with soaring energy bills forecast to lift inflation Latest reading on Wednesday likely to frame scale of challenge for new PM to ease pressures on households amid Iran war fallout
From tourism to power generation and productivity, Europe feels economic cost of heatwaves Low river levels have stalled German freight traffic and forced closure of nuclear plants in France
Donald Trump doesn’t just love billionaires, he loves multimillionaires too US tax policy deprives the government of revenue and overwhelmingly serves the interests of the rich
US long-term borrowing costs hit 25-year high; weakening of UK’s EV sales targets criticised – as it happened Rolling coverage of the latest and economic news, as US sells 30-year bonds at highest borrowing costs since 2001
Andy Burnham ‘angry’ over water company bill increases; Sports Direct owner buys Harvey Nichols – as it happened Live, rolling coverage of business, economics and financial markets as regulator says five companies can raise bills to pay for infrastructure for new housing and datacentres
UK economy shows surprising resilience – but that may not last Weaker growth, rising energy costs and persistent inflation mean Britain could face tougher times in the autumn