Campaigners claim minister attempting to undermine 'Holiday Hunger Bill'

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BBC Business·12m ago2 outlets

Healey faces £35bn Budget challenge to meet spending pledges, says think tank

The impact of the Iran war poses significant risks for the government’s spending plans, the Institute for Fiscal Studies says.

The Guardian·29m ago

UK inflation pressures hits three-year high; Nobel prize for economics awarded today – business live

Rolling coverage of the latest economic and financial news The Fight Inequality Alliance is calling on finance ministers attending the IMF/World Bank meeting in Bangkok to consider debt cancellation measures to help the Global South. They insist that “the era of austerity is over”, and demand an end to the lending rules that force governments to pay creditors before they pay for hospitals, schools and food. “The IMF and World Bank are legacy institutions still writing the economic rules for the rest of the world. Their austerity programmes force governments to cut funding from hospitals and schools while every dollar sent to creditors is a dollar taken from a classroom, a clinic or a family’s food budget. Cancel the debt, tax the super-rich, and stop making ordinary people pay for a crisis they didn’t create. “Bangkok will deliver more of the same. The era of the IMF and World Bank is ov

CNBC·1h ago

AI may change the price of your Big Mac and groceries — what this means for shoppers

As retailers turn to AI tools to streamline operations, experts warn that collecting more detailed consumer data increases the risk of personalized pricing.

The Guardian·1h ago

The Gulf has entered a new era of instability. If its leaders think they can rely on old alliances, they are wrong | Nesrine Malik

The latest attack by Houthi rebels on Saudi Arabia may prove to be more calamitous for the region than the world imagines On Saturday, Houthi rebels launched a shocking and deadly attack on Saudi Arabia’s capital city, Riyadh. At the time of writing, the missile strike on King Khalid international airport has killed at least 13 people and left 300 injured, marking a significant turn in a regional conflagration that is only getting more intense. It was the single most deadly attack on any Gulf country since the US and Israel launched their war on Iran in February. In Saudi Arabia, a country that is unaccustomed to such fatalities, the death toll is bewilderingly high and likely to prompt a bloody response. Over the past year, the Gulf has entered a new era of instability that is not temporary and cannot be reversed. This may feel like an overstatement – casualties have been relatively low

The Guardian·1h ago2 outlets

UK van drivers face extra £2.5bn in diesel costs this year, figures show

Calls for planned fuel duty rise to be scrapped as analysis finds average fuel bill could hit £1,965, up from £1,294 Millions of British van drivers face a combined £2.5bn cost to cover the rising price of diesel this year, according to figures, fuelling calls for the government to scrap its planned fuel duty rise. The owners of diesel vans and pickups can expect to collectively spend almost £8.5bn at the pump this year, according to analysis for the Guardian, after diesel prices climbed to record highs due to a global fuel shortage caused by disruption to refineries in the Middle East and Russia. Continue reading...

CNBC·2h ago2 outlets

Oil falls after Trump declares 'energy ceasefire' between Russia and Ukraine

Ukrainian President Volodymyr Zelenskyy said in a post on social media that "Ukraine supports the ceasefire, and it is important that Russia support it as well."