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Pound hits two-year high against US dollar; White House ‘pressured’ Facebook on Covid-19 content – as it happened

Live coverage of business, economics and financial markets as Federal Reserve rate cuts drive US dollar lower

Next shop workers win six-year battle for equal pay in landmark case

Chain may have to foot £30m bill after tribunal hears firm paid 3,500 sales staff lower hourly wage than warehouse workers

Ministers urged to step in to save UK firms struggling with high energy costs

Exclusive: Cornwall Insight data shows small businesses paying over £5k extra a year than before energy crisis in 2021

UK shop prices fall year on year for first time since cost of living crisis began

Prices down 0.3% in first week of August as food inflation eases and retailers attempt to shift unsold summer stock

‘The ultimate fakeaway’: posh pizzas take over UK supermarket shelves

Specialty styles and outre toppings proliferating as ready meals seek to replicate restaurant trends

‘On the front foot’: Waitrose boss confident chain is getting its mojo back

James Bailey is confident the market has swung in its favour, with more customers and plans to open new stores

Frasers Group seeks approval for Mike Ashley to cash in £585m in share buyback

Company wants investors’ permission to buy billionaire’s shares in private deal at market price at the time

John Lewis begins Christmas countdown with top-10 toy forecast

Deluxe wooden play kitchen, Barbie sets and pretend record player included in prediction

Fashion retailer Shein finds child labour in its supply chain

Disclosure comes as campaigners call on UK to oppose company’s planned listing on London Stock Exchange

England’s Euro run helps JD Sports beat sales expectations

Share price jumps more than 8% after big improvement on previous quarter assisted by popularity of replica shirts

‘Does it have a Gail’s?’ How a bakery became middle-class England’s most powerful political bellwether

Seats hosting the upmarket chain were key to the Lib Dems’ Tory-ousting strategy in July’s election. But, after recent protests, Gail’s is much more controversial than it seems

Big UK retailers accused of ‘dubious discounts’ on loyalty card offers

Boots, Superdrug and Tesco among those with ‘some questionable non-member prices’, Which? finds

Asda owners under pressure as chain’s share of market hits ‘new nadir’

Sales fell 6.4% in the three months to 10 August as chain becomes the only one of the big four to see sales drop

Waitrose to open 100 convenience shops in £1bn investment drive

Grocer’s five-year plan also includes up to four new big supermarkets as well as shop refurbishments

At Asda and Morrisons it was always about financial engineering

The need to keep the buyout arithmetic on track has been a drag on performance, and neither deal was aimed at growth

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  • Britain in talks with European allies over release of emergency diesel stockpiles
  • Bond sell-off: US government borrowing costs hit highest since 2002, as UK 30-year bond yield hits 6% – as it happened
  • Crude oil exports from strait of Hormuz largely return to pre-war levels
  • Naomi Campbell wins legal challenge over charity trustee ban
  • Peta claimed victory when fashion stopped using fur – so why are they back hijacking catwalks?
  • Travelodge guests are still at risk, finds review launched after sexual assault
  • Bedford rail crash: train sped up after red light warning, say investigators
  • Ukraine persists with Russian oil refinery strikes in defiance of Trump
  • Should cockpits stay locked from the inside? Flydubai stabbing raises flight security questions
  • UK bookmakers that warned of rogue casinos profited from offshore gambling
  • I went to America’s largest gathering of astrologers. It was a battle over how to read the stars
  • Tech in cars can be used to snoop on you, Dutch spy chiefs warn
  • Britain’s scaffolding should be a source of national pride – instead we’re struggling to recruit workers
  • Boots owner ‘closing in on sale to Canada’s Weston family for $9bn’
  • UK house price growth halves amid rising mortgage interest rates
  • Billions of dollars, none of it taxed: ATO reveals the tech giants paying zero income tax
  • The zero-bills home: how one family is beating the energy price hikes
  • Healey urged to offer energy support in budget as bills rise 4%
  • Rightwing economic myths could derail Burnham’s project – to destroy them, look to Keynes
  • Property prices are plunging in almost every capital city across Australia – see how your suburb rates
  • Federal Reserve watchdog finds no criminal violations for building renovation cost overruns
  • Government must stop dithering over energy bill support for the vulnerable
  • New UK gas and oil projects are a ‘no-brainer’, says EDF boss
  • Economic growth in UK and US revised higher; diesel on brink of £2 a litre for first time – as it happened
  • Energy bills: what to do as prices head for £2,000 a year, from switching deals to insulating
  • We need ‘right to intervene’ in AI amid growing threat, says Bank of England boss
  • If turbocharged petrol prices are driving up inflation, then why are Australia’s unemployed on the line?

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