Condemned to plutocracy? The relentless rise of US inequality Elon Musk is a beneficiary of America’s lopsided prosperity – does the country have any appetite for redistribution?
Petrol prices in Australia are now lower than before the Iran war began. Is the oil crisis over and what happens next? Fuel suppliers outside the Middle East have proved to be much more flexible than analysts expected – and China surprised everyone
City investors fear Labour leadership battle could push up UK bond yields, as UK borrowing jumps in May – as it happened UK budget deficit is running higher than forecast; borrowing costs rise after Makerfield byelection as US-Iran talks are called off
What could US-Iran peace deal mean for UK household costs? The impact on petrol and food prices, energy bills and mortgages if the truce holds and strait of Hormuz reopens
KPMG leaked confidential Optus information and surveilled whistleblower’s laptop, inquiry hears International firm owns up to breach of ethics after staff leaked confidential Optus information while bidding for telco contract
UK borrows more than expected as impact of Iran war takes toll May figure of £23.3bn underlines challenge facing Andy Burnham if he ends up as Labour leader
Bank of England governor warns UK public to expect higher costs this year Andrew Bailey says ‘inflationary pressure in pipeline’ despite US and Iran signing initial peace deal as interest rates kept on hold
Not so empty nesters: record-high number of US adults under 35 live at home, new data says Data shows that the increase in at-home living stems from high housing costs rather than labor market conditions
Bank of England leaves interest rates on hold and lowers inflation forecast amid Middle East ‘uncertainty’ – as it happened Rolling coverage of the latest economic and financial news, including the latest UK jobs report and the Bank of England’s interest rate decision
‘Mega-consumers’ of food and energy cost environment $5.7tn a year, study finds Top 10% generate climate and biodiversity damage bill that exceeds economies of most countries, say researchers
UK vacancies fall to lowest for five years as wages grow faster than expected Employers wary of hiring permanent staff but unemployment eased to 4.9% in the three months to April
Rejoining customs union would not fix damage caused by Brexit, research finds Exclusive: Economists find Brexit caused 12% depression in UK exports, most of which is due to leaving single market
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
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