Writing the summary…
Russia targets data centers in Kyiv as NATO condemns Moscow’s ‘irresponsible nuclear rhetoric’
Source: CNBC
Original reporting
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The Guardian
UK economy ‘slightly larger’ than previously thought after Q2 growth revised up; Greggs proposes 740 job cuts – business live
UK cements its place as fastest-growing G7 country so far this year This morning’s upgrade to UK growth in April-June is a boost to Andy Burnham, analysts say, even though he didn’t take office until almost a month later. Chris Beauchamp , chief market analyst at IG , says: “Still on a post-speech high, the upgraded figure is yet more good news for the UK’s still-new(ish) prime minister. The highest growth in the G7 for the first half is certainly a headline and one that will help keep nervous MPs in line for a while, plus it helps take off pressure for a new election - why risk it now when things appear to be improving nicely.” The upward revision to real GDP growth in Q2, from 0.4% q/q to 0.5% q/q, suggests that the economy has been a bit more resilient to higher energy prices in the first half of the year than previously thought. This resilience may continue into Q3, but we still expe
BBC Business2 outlets
Household energy bills forecast to see biggest rise in four years
A typical household faces an annual gas and electricity bill of £1,999 from January, based on a key forecast.
BBC Business
Greggs to shut four factories and cut 740 jobs
The company says it needs to "keep evolving alongside changing customer expectations".
CNBC
Boeing rises 3% after securing U.S. navy deal to develop next-generation fighter jet
The Department of War and the U.S. Navy said Tuesday that it's chosen aircraft manufacturer Boeing to develop its next generation of fighter jets.
The Guardian
Poundland management in rescue talks that could save 11,000 jobs
Ex-Asda boss Andy Bond linked to plan, with buyout team understood to be negotiating with financial backer Poundland’s management team are in “advanced talks” to lead a rescue bid for the ailing cut-price retailer that could save up to 11,000 jobs. The former Asda boss Andy Bond, who ran Poundland for a number of years from 2016 then stepped up to its former parent Pepco before leaving in 2025, is understood to be part of the negotiations to take on the business. Continue reading...
CNBC
Trump denies offering Iran sanctions relief; Qatar pushes for peace talks
U.S. President Donald Trump has denied reports that he had offered sanctions relief to Iran in exchange for concessions from Tehran on its nuclear program.