65 minutes ago Wall Street hits record high after Scott Bessent nominated as US Treasury secretary – business live

Bonds rally and dollar dips as investors welcome choice of billionaire hedge fund manager Bessent as next Treasury secretaryNewsflash: A deputy governor at the Bank of England has warned that it is “too early to declare victory” in the fight against inflation.Clare Lombardelli has told a conference organised by King’s Business School this morning that inflation has fallen steeply over the past two years. But, she is concerned that there are signs that the process of “wage disinflation” may be slowing, which would keep the cost of living rising faster than the Bank’s target.The outlook for wages and services prices is unclear from here.We need to see more evidence that wage growth and services inflation will continue their journey down to target-consistent rates.The UK economy has made g...

Society

7 hours ago DWP confirms exact date Christmas bonus will land in your bank account

The DWP Christmas bonus is worth £10 and in previous years, it has been paid to eligible households during the first week of December - but it can take until January 1 to come through

Economics

10 hours ago Foreign firms taking billions of litres from UK aquifers to make bottled water

Coca-Cola extracts largest amount of freshwater of any drinks company in England, FoI request finds‘It’s not drought - it’s looting’: the Spanish villages where people are forced to buy back their own drinking waterForeign multinational companies are extracting billions of litres of water from British aquifers to sell as bottled water, the Guardian can reveal.Coca-Cola extracts the largest amount of freshwater of any drinks company in England, the data obtained through freedom of information legislation shows. It has a licence to extract 1.59bn litres of water a year from boreholes in Sidcup, Kent for its soft drinks. On top of that, it has the right to take 377m litres for its bottled water brands Glaceau Smartwater and Abbey Well from Morpeth in Northumberland. Continue reading...

Economics

11 hours ago Stock market today: Asian shares mostly gain after Trump picks billionaire for Treasury post

Shares are mostly higher in Asia, tracking last week's gains on Wall Street

Economics

14 hours ago I accidentally threw away my boyfriend's £569MILLION Bitcoin fortune. It wasn't my fault, but I hope he finds it... because it will finally shut him up!

EXCLUSIVE: Halfina Eddy-Evans told how she played a role in disposing of the computer hard drive which was worth £569million but claims it was done on his orders - and accidentally.

Economics

18 hours ago Cop29 climate deal worth £240BILLION is finally struck but excludes China

Developed countries including the UK, US and EU nations agreed to pay $300billion (£239billion) a year - up from the $100billion they pay now.

Economics

19 hours ago Vladimir Putin's new law wipes out £76k of debt for every Russian fighting in Ukraine

Russian president Vladimir Putin has introduced a new law which would wipe out the debts of young conscripts singing up to fight in Ukraine, with the one-year contract cancelling debts of up to £76k

Economics

20 hours ago 'Unserious' Kemi Badenoch pledges £12million per HOUR with unfunded wishlist

Analysis of Kemi Badenoch's record reveals she's made pledges and opposed policies worth £7.6billion - but not said what she would cut instead after backing Labour spending

Economics

25 hours ago Shark handheld vacuum cleaner more than half price in Black Friday sale is worth 'every penny'

The Shark WandVac 1.0 Cordless Handheld Vacuum Cleaner is currently reduced to £79.99 on Amazon, down from £159, and £108 direct from Shark

Economics

25 hours ago Cop29 finance deal 'a death sentence' and 'woefully inadequate', activists say

The 300 billion dollar (£239.5 billion) agreement, which is designed to help combat the impacts of global warming, was announced at the Cop29 conference in Baku, Azerbaijan

Economics