UK inflation: Food prices causing problems for farmers
Tessa Elliot, a farmer from Pembrokeshire, says inflation has made it difficult to keep afloat.
Senate passes US debt ceiling deal, averting a US default
President Joe Biden will now sign the measure into law, staving off worldwide economic chaos.
Debt advisor referral fees banned by regulator
The FCA is banning fees that debt advisors receive for referring people to debt solution companies.
British Airways fined $1.1m by US government
The US says the airline did not “provide timely refunds to passengers” during Covid.
Elon Musk: Twitter boss reclaims title of world’s richest person
Shares in Musk’s electric car company Tesla have almost doubled since the start of the year.
Scandal-hit CBI to cut jobs as it fights for survival
The business group, which employs about 337 people, says it needs to cut its wage bill by a third.
US-Taiwan relations: New trade deal signed as China tensions rise
The signing comes ahead of a high-level global security summit in Singapore this weekend.
Debt ceiling deal: US House overwhelmingly passes bill
The Senate must approve the deal and send it to the president’s desk this weekend to avoid a default.
House prices fall at fastest pace in nearly 14 years, says Nationwide
Nationwide says prices in the year to May fell 3.4% and higher mortgage rates could last longer.
London still works for stock market listings, says We Soda boss
We Soda could be valued at £6bn when it floats in the UK, in a boost for the London stock market.