Healey urged to be bold on borrowing in first test of Burnham’s growth pledge
Some want the chancellor to exploit newly flexible fiscal rules – others want a more creative approach, such as borrowing from markets
Economy
‘I’m not spying’: how Meta’s smartglasses have divided opinion
With more than 7m pairs reportedly sold in 2025, Meta’s Ray-Ban smartglasses are fast becoming one of the world’s most popular gadgets.
Council wants pubs in London’s Soho and West End to ban standing
Sadiq Khan criticises Westminster council’s ‘anti-growth policies’ after it recommends stopping ‘vertical drinking’
Big shake-up in Google’s AI team as DeepMind chief executive steps down
Two senior engineers are leaving company to launch startup amid fears Google is falling behind in AI race
What's causing record high US beef prices?
With US beef prices soaring to record highs, you might think that South Dakota cattle rancher Eric Gropper would be celebrating.
SEC Establishes Financial Reporting and Accounting Unit in Enforcement Division
ICLG - Anti Money Laundering covers issues including criminal enforcement, regulatory and administrative enforcement and requirements for financial institutions and other designated businesses – in 16 jurisdictions.
Judge casts doubt on future of WH Smith replacement TG Jones
Mr Justice Hildyard, who approved rescue plan in July, said turnaround plan came with ‘very considerable’ risks
Gulf oil exports steady in July despite fighting, still below pre-war levels
The International Monetary Fund released its July 2026 World Economic Outlook Update on Tuesday — and within 24 hours, the single most important assumption the entire report rests on had begun to collapse. The fund's pr…
Houthis say they struck Saudi ship in Red Sea, denting Mideast peace hopes
US President Donald Trump said on Wednesday, July 8, an interim agreement to end the war with Iran was “over” after Tehran carried out new attacks on US bases in the Gulf.
Artificial Intelligence Consortium minutes – June 2026
Co-chair David Geale welcomed attendees to the AI Consortium’s (AIC) fourth quarterly meeting, held at the FCA’s offices. Co-chair Sarah Breeden noted that the rapid pace of AI development in financial services undersco…
FCA simplifies IPO rules to support UK listings
Companies will benefit from easier initial public offering (IPO) listings thanks to changes to the rules from the FCA.
Darth Vader to become a TikTok star as Disney strikes deal on short video
Characters and memorable scenes from back catalogue made available to group of creator fans
AI models shock UK testers by using stolen identities to trick developers
AI Security Institute says models by Open AI and Anthropic went rogue during a cybersecurity test and showed a new type of risk
‘Leicester Square, please guv’: Self-driving taxis cleared for London streets ‘later this summer’
The taxi app company Uber and the autonomous technology developer Wayve have been granted the first minicab licences in London, allowing them to offer self-driving taxi rides to paying customers – but with a human safet…
US refunds $100bn of Donald Trump’s ‘liberation day’ tariffs
More than half of tariff income refunded after supreme court ruled Trump’s levies were illegal
Mideast deal hopes; SpaceX, AMD earnings in focus - what’s moving markets
August 5, 2026, 3:53 AM EDT.IPOs such as SpaceX and ChangXin Memory Technologies have generated worldwide interest, particularly across the tech and AI sectors. Still, with founders trying to maximize returns and invest…
Video game maker EA bought by Saudi-led group for $55bn
Electronic Arts, the maker of video games such as The Sims, Madden NFL and Battlefield, has been bought by Saudi Arabia’s wealth fund and a group of investors for $55bn (£41bn).
Palantir paid just £2m corporation tax in UK in 2024 despite lucrative public sector contracts
Software group benefits from global systems and accounting practices ‘that enable tax to be shirked’, says union boss
Trump administration reportedly drafting ban on Chinese datacenter components
Trump’s FCC is developing a measure to bar US imports of new models of Chinese datacenter devices, sources say
Calls to ban disposable barbecues in England and Wales over wildfire risk
Farmers and landowners are calling for a temporary ban on disposable barbecues in England and Wales, as they warn of the risk of igniting wildfires.
Bessent says U.S. could have deal with Iran "today or tomorrow"
Oil prices turn lower as Bessent says U.S. may have Iran deal "today or tomorrow"
Revealed: major oil firms make $93bn profits amid war and climate crisis
Eight of the biggest oil companies amassed profits of more than $90bn (£67bn) in just three months as the Iran conflict sent energy prices soaring and the emissions-fuelled climate crisis caused deadly heatwaves.
Tribunal upholds FCA ban on pair involved in pension transfer advice and reduces fines
The Upper Tribunal upheld the FCA's decision to ban Richard Fenech and Heather Dunne from working in financial services.
Christopher Nolan’s The Odyssey gives UK poetry sales an epic boost
Poetry sales surpassed £8m in the first 30 weeks of 2026 and are expected to reach a record high this year thanks to blockbuster adaptation of Homer’s 2,700-year-old poem