News

We’ve teamed up with the BBC to bring you the very latest business and finance news as it happens.

• Government prepares to take over UK's third-largest steelworks

  Managers have been lined up to take control in a bid to protect 1,500 jobs at the Yorkshire plant.

• What are Rachel Reeves' options on property tax?

  Reports suggest the government is considering shaking up the property tax system to raise revenue.

• Sentencing for man who dodged 113 train tickets delayed

  Charles Brohiri was granted bail despite clocking up £30,000 in penalty fares.

• Why are food prices still rising by so much?

  Food and drink prices have risen by 4.9% over the last year, according to ONS inflation data.

• Target appoints new boss as it seeks to revive sales

  Shares in Target dropped nearly 11% before recovering slightly after the announcement.

• How to destroy harmful 'forever chemicals'

  PFAS were once prized for their durability, but now firms are developing ways to destroy them.

• Air fares and food prices push up inflation to 3.8% in July

  Prices are now rising slightly quicker than expected and at their fastest pace since January 2024.

• Trump calls on Federal Reserve governor to resign 'now'

  He said Lisa Cook, one of the officials who sets interest rates at the Federal Reserve, should step down over unproven fraud allegations.

• Sanex shower gel ad banned over racial stereotype

  The TV ad depicted two black models with skin problems and a white model without.

• US in talks over 10% Intel stake, White House confirms

  The potential deal could involve swapping government grants for shares in the chip making giant.

• Empty homes are on the rise. So why aren't they being used to solve the housing shortage?

  There are almost 720,000 empty homes in England. And many more on social housing waiting lists - so why aren't we better using one to help solve the other, and is it a case of a missed opportunity?

• Final £1 coins featuring late Queen enter circulation

  More than 23 million coins are being released, alongside 7.5 million new King Charles III coins.

• Walmart recalls possibly radioactive shrimp after public warned not to eat

  US consumers are being advised to throw away shrimp with the supermarket's Great Value label.

• ONS delays release of sales data over quality concerns

  The delay raises fresh questions over the reliability of ONS data, which influences policy decisions.

• UK backs down in Apple privacy row, US says

  UK authorities have demanded access to Apple users' protected files when required for investigations.

• People buying less fast food as grocery prices remain high

  But shoppers were still buying branded groceries instead of opting for cheaper, own-brand alternatives.

• Travellers warned of bank holiday road and rail delays

  Millions are told to prepare for disruption from traffic, rail engineering works and strikes.

• Air Canada to resume flights after pay deal struck with union

  About 10,000 cabin crew walked out on Saturday in a protest over pay, but mediated talks led to a breakthrough.

• Bioethanol plant begins shut-down process

  Hull-based Vivergo says all staff will have left and the site will be ready for demolition by the end of the year.

• Intel shares jump as Softbank to buy $2bn stake in chip giant

  The announcement comes hours after reports that the White House is in talks over taking a 10% stake in Intel.