38 h. ago Eurozone interest rate cut expected; Tesla’s UK sales fall by a third – business live

Rolling coverage of the latest economic and financial newsStock exchange dealt another blow as £12bn fintech ditches main London listingUK trade secretary Jonathan Reynolds has also called for reforms of the WTO, including changes to the much criticised dispute resolutions system which can also take years to settle disputes between trading nations.Reynolds told the European Policy Centre security conference in Brussels:“We do recognise that reforming and repositioning the WTO so that it can respond more effectively to the challenges of today is the only way to safeguard long term stability and growth tomorrow.“Our eyes are fixed on greater flexibility in decision making, greater openness in the east of plurilaterals and building a fully functioning dispute settlement system,”“the trees that survive the storms aren’t the tallest. They’re the ones whose roots are intertwined with their lives.“Just in the past two days, during the OECD trade ministerial [summit] the message was clear a...

Economics

38 h. ago Tesla sales slump sees China's BYD overtake Elon Musk's electric car firm in Britain

Tesla registrations in the UK dropped 36% to 2,016 in May, compared to 3,152 a year ago, according to new figures

Economics

40 h. ago Eurozone interest rate cut expected; Tesla’s UK sales drop by a third – business live

Rolling coverage of the latest economic and financial newsThe UK car market has returned to growth, new data shows, but sales of Teslas have fallen by a third.Overall car registrations rose by 1.6% in May, to 150,070 units, according to the Society of Motor Manufacturers and Traders (SMMT). That’s the strongest May for new car sales since 2021, but 18% below pre-Covid levels. Continue reading...

Economics

41 h. ago Eurozone interest rate cut expected; fintech Wise delivers blow to London stock market – business live

Rolling coverage of the latest economic and financial newsMay was the busiest month for UK house sales since March 2022, new data from Rightmove this morning shows.Across Great Britain, the number of sales agreed is now 6% ahead of the same period last year, Rightmove reports. But London is lagging, with sales just 1% higher than a year ago. Continue reading...

Economics

55 h. ago Crew hired for ship with largest cocaine seizure were under ‘financial pressure’

The men succumbed to the temptation to earn thousands, a court has heard.

Events

58 h. ago Willow Review reports significant 'green growth' opportunity for UK SMEs

New research from finds that among SMEs benefitting from sustainability practices, two thirds (67%) of SMEs report reduced operational costs, over half are attracting new customers and a third are seeing improved customer loyalty

Politics

63 h. ago Two children left orphaned after parents hit by car while at Boxing Day sales

Anthony Hogg and his wife Georgina Hogg-Moore were struck by a car while crossing a road near the entrance to Blanchardstown Shopping Centre in Dublin on December 26

Society

3 d. ago Oasis star Noel Gallagher’s Bentley goes on sale for £1.2 million

The red 1997 Turbo R ‘is one for the history books’, Auto Trader said.

Economics

3 d. ago Global economy to slow as Donald Trump’s trade wars hit growth, OECD warns – business live

Rolling coverage of the latest economic and financial news, as OECD forecasts global growth will slow to 2.9% in 2025 and 2026UK will slump to 1% growth next year as Trump tariffs bite, says OECDUS firms say Trump trade war is hitting production as dollar nears three-year lowUS economic growth is expected to slow markedly to 1.6% in 2025 and 1.5% in 2026, the OECD says.That’s relatively weak growth by recent standard, and slower than the “robust” growth of 2.8% recorded in 2024.Annual headline inflation is set to pick up to 3.9% by end-2025 due to higher import prices but is expected to ease throughout 2026, aided by moderate GDP growth and higher unemployment.Risks to the growth projection are skewed to the downside, including a more substantial slowing of economic activity in the face of policy uncertainty, greater-than-expected upward pressure on prices from tariff increases, and large financial market corrections. Continue reading...

Events

7 d. ago 'We're worried sick about job losses' say staff as university posts huge deficit

Universities around Wales are cutting jobs with Bangor now saying it had a £13m deficit at the end of last year, with more financial pressure on the way

Politics

7 d. ago Starving Palestinians, gunfire and deadly stampede: Horror in Gaza as Israel’s aid plan descends into chaos

Israel Defense Forces admits to firing warning shots at food distribution sites in war-ravaged Gaza as the Israeli government approves 22 new illegal settlements in the occupied West Bank. Nedal Hamdouna from Gaza and Bel Trew report on the growing crisis

Events

7 d. ago Sky Sports favourite announces his exit after 16 years as major reshuffle continues

Sky Sports' summer exodus is continuing, with Paul Gilmour confirming he has joined the growing list of presenters and reporters to leave the broadcaster this year

Politics

8 d. ago Inside Elon Musk and Donald Trump's bitter uncoupling after Tesla CEO leaves US cabinet

Musk and Trump appeared to be two peas in a pod, but their bromance appears to have soured in recent months and now the billionaire car salesman has left his 'job' with the government

Politics

8 d. ago Gunfire, deadly stampede and starving Palestinians: Israel’s aid plan descends into chaos

Israeli military said it fired warning shots amid deadly stampedes at food distribution sites in war-ravaged Gaza. Meanwhile, the Israeli government has approved 22 new illegal settlements in the occupied West Bank. Bel Trew and Nedal Hamdouna report on the growing crisis

Events

8 d. ago Auto Trader boss says trade war could boost new car sales into UK

Chief executive Nathan Coe said the UK could ‘become a more attractive market’ to sell cars into amid rising trade friction elsewhere.

Economics

8 d. ago Auto Trader shares fall 10% as it reveals dwindling retail sales

Auto Trader said Britain's new car market grew 3% over the last year, mainly driven by more sales for company fleet vehicles, but standard retail sales slipped 4%.

Politics

8 d. ago Auto Trader rides high with used car sales and Nationwide profits surge as Hollywood Bowl achieves growth

From Auto Trader’s upbeat market outlook and Nationwide’s profit surge, to Nvidia’s soaring sales, Hollywood Bowl’s record revenues and Red Funnel’s green ferry plans - here are today’s top UK business stories in under two minutes.

Economics

8 d. ago Auto Trader reports growing car sales despite ‘financial pressure’ on customers

The growth across both the new and used car markets comes despite another year of high interest rates and weak consumer confidence in the UK.

Economics

1 week ago Helen Flanagan's heartbreaking reason for love split as she gets over break

Coronation Street star Helen Flanagan has been spotted holidaying in France after reportedly splitting from boyfriend Robbie Talbot following 'grown up chat'

Politics

1 week ago What happened to the original stars of Faking It: A vicar became a car salesman and a lawyer trained as an MC in the cult noughties reality show

A lawyer to a garage MC; a sheep farmer to a hairdresser; a naval officer to a drag queen. These are not the kinds of professional about-turns we might usually expect.

Politics