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Complaints to watchdog about water firms soar
Source: BBC Business
Original reporting
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CNBC
Canada could become 'first associate member' of EU, bloc's chief says
European Commission President Ursula von der Leyen said the European Union is opening the door for Canada to become the first associate member of the 27-nation bloc.
The Guardian
McLaren to build SUVs geared towards Formula One fans with children
Carmaker hopes to double sales with new family car expected at ‘critical’ moment for company McLaren is gearing up to build an SUV for the first time in its 63-year history, betting that the glamour of its all-conquering Formula One team can sell cars to wealthy fans who do not own its supercars. The model, which does not yet have a name, comes as part of a £500m investment by McLaren’s new Abu Dhabi owner that will also create 1,000 jobs, adding to the existing workforce of 2,500 people. Continue reading...
The Guardian
Bank of England expected to leave interest rates on hold on Thursday despite inflation hitting 3.1% – business live
Soaring motor fuel costs have pushed UK inflation to a five-month high in August Worryingly, the cost of goods produced by UK factories rose at a faster rate in August too. Producer output prices – or the cost of goods at the ‘factory gate’ - rose by 3.7% in the year to August, up from 3.3% in July. “Rising crude oil and petrol prices increased both the annual cost of raw materials and the price of goods leaving factories respectively.” Continue reading...
CNBC
UK inflation jumps to 3.1% as energy costs soar
The reading comes a day before the Bank of England updates its monetary policy.
CNBC
BOJ expected to hike rates by 25 basis points to fresh three-decade high: CNBC survey
The BOJ is expected to hike rates by 25 basis points to a fresh three-decade high, a CNBC survey shows.
CNBC
Saudi says Houthis targeted Mecca with a drone, Iran-backed group rejects claim
The Organization of Islamic Cooperation condemned the strike as a "heinous" attack. Mecca is Islam's holiest site and the focal point of the annual Hajj pilgrimage.