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Economy

UK August car sales hit eight-year high as Volkswagen greenlights 50,000 job cuts

UK new-car registrations reached an eight-year peak in August while Volkswagen's board backs Future Plan 2030 with 50,000 job reductions.

Gilt yields spike as US‑Iran tensions revive global bond sell-off

Global bond sell-off pushes 10‑year gilt yield near 5.3%, heightening pressures on John Healey ahead of his first budget.

Thinktank Urges Healey to Target Middle-Income Taxes to Finance Defence Ambitions

Resolution Foundation urges Chancellor Healey to consider higher middle-income taxation to meet planned defence spending amid a low UK tax wedge.

Bank of England governor warns frontier AI could destabilise global economy

Bank of England governor Andrew Bailey warns frontier AI's autonomy may pose systemic risks and require coordinated global oversight.

Venezuela’s interim president defends contentious oil agreement with Trump

Delcy Rodríguez asserts Venezuela retains sovereignty over reserves amid outrage after a deal granting U.S. control of 65bn barrels.

UK faces infrastructure gap as telecoms delays threaten AI ambitions

Delays in 5G roll-out and planning bottlenecks risk undermining the UK's ability to handle a surge in AI traffic and attract investment.

UK airports operator discloses breach affecting 8.7 million customers

Three UK airports run by MAG report a cyber-attack exposing personal details of about 8.7 million customers; passenger safety not affected.

UK scheme links paid work to response on youth mental health

Ministers say subsidised placements for 18–21-year-olds can boost confidence as Labour’s youth jobs guarantee begins at Boots in Nottingham.

Druckenmiller Urges Treasury to Tackle Deficit Rather Than Suppress Yields

Stanley Druckenmiller warns Scott Bessent that attempting to suppress US bond yields risks failure and urges focus on cutting the deficit.

U.S. Imposes 50% Tariff on Canadian Autos and Steel, Escalating Trade Strain

Washington to apply a 50% tariff on Canadian cars, parts and steel from Jan 1, 2027, deepening friction between two close trading partners.

Thousands of UK Shell Companies Channeled Up to £464m Through Retail Fronts

Analysis finds up to £464m routed through 3,000+ UK shell companies posing as salons and corner shops with short lifespans.

Historic 600-year-old barn at Harmondsworth faces risk from Heathrow expansion

Campaigners warn vibrations from Heathrow expansion could endanger the 600-year-old New Barn at Harmondsworth; public consultation closes 1 September.

Major economies see borrowing costs climb to levels not seen since 2008 amid Middle East tensions

Bond yields in major advanced economies rose to post-2008 highs as Middle East tensions and inflation concerns pushed up the cost of government debt.

African countries are souring on the dollar

ON CAIRO ROAD, a bustling commercial strip in Lusaka, Zambia’s capital, traders and shoppers once haggled over gadgets, furniture and other goods priced in...

Emirates Crowned Largest International Airline in the World in 2025

Brussels – The Emirati airlineEmirates has confirmed its status as the global leader in international air travel in 2025. Based in Dubai, the airline...

Second-hand home prices in Spain rise 16.2% in a year

The resale housing market is showing no sign of easing. The average price in Spain stood in July at 3,154 euros per...