48 h. ago US economy surpasses expectations to add 147,000 jobs in June

Figure leads investors to scale back bets on interest rate cuts

Politics

3 d. ago Heathrow substation fire ‘caused by fault first identified seven years ago’

Ofgem opens investigation into National Grid as report finds incident that cut airport power was preventableBusiness live – latest updatesThe root cause of the substation fire that shut Heathrow airport in March was a preventable technical fault that National Grid had been aware of seven years ago but failed to fix properly, investigators have concluded.The final report by the National Energy System Operator (Neso) into the incident found said the fire that cut power to the airport, affecting more than 1,350 flights and almost 300,000 passengers, was “most likely” caused by moisture entering the insulation around wires sparking the electrical fault. Continue reading...

Events

3 d. ago European junk bond sales hit record as investors cut US exposure

June issuance of about €23bn beats previous high four years ago as companies take advantage of lower borrowing costs

Economics

4 d. ago Trump administration finds Harvard failed to protect Jewish students, threatens to cut all funding

Harvard University failed to protect Jewish students from harassment, the Trump administration concluded after an investigation, threatening to cut all federal funding from the Ivy League school if it fails to take action

Events

8 d. ago Sainsbury’s investors eye sales as grocers step up focus on price cuts

The UK’s second largest supermarket chain will publish its first quarter trading update on Tuesday.

Economics

1 week ago Amazon UK: what does £40 billion expansion bringing 1000s of jobs mean for the UK economy and regions?

Amazon’s investment will bring cutting-edge tech, better wages, and fresh career opportunities to the UK 🌍

Economics

1 week ago UK's military and spy services set for £330m AI tech boost to help track enemies

Hundreds of millions of pounds will be invested in cutting-edge drones and artificial intelligence for the military as part of Rachel Reeves' attempt to revive the flagging economy.

Events

3 w. ago The Guardian view on Labour’s spending review: the chancellor tightened belts and loosened seams | Editorial

The government offers capital investment and fiscal prudence but real-terms department cuts and grand promises could strain political credibilityBrexit’s ghost haunts a Labour spending review intended to lay the foundations for a second term. Its headlines echo the twin themes of the referendum campaign: control immigration, fund the NHS. The chancellor, Rachel Reeves, said she would end the use of hotels for asylum seekers “in this parliament” saving £1bn a year, while NHS spending will rise by 3% a year. Ms Reeves framed it as a politics of security and compassion. Yet it reads as Brexit’s populist promises, filtered through Westminster orthodoxy.The risk is that this is all slogan and very little solution. The asylum savings are speculative, and the annual increase in NHS budgets is below its historical average. There are also real-terms cuts or essentially flat budgets for key departments such as transport, education and local government. The Home Office faces cuts deeper than a...

Politics

3 w. ago Eurostar is set to launch two new direct routes from London – here's everything you need to know

Eurostar is set to launch two new direct routes from London – here's everything you need to know  CN Traveller

Politics

3 w. ago Eurostar to Launch Direct Train Routes from London to Frankfurt and Geneva with a Two Billion Euro Investment in Cutting

Eurostar to Launch Direct Train Routes from London to Frankfurt and Geneva with a Two Billion Euro Investment in Cutting-Edge Trains, Enhancing Long-Distance Travel Across Europe  Travel And Tour World

Economics

3 w. ago Eurostar to launch new UK trains direct to two of Europe’s most iconic cities

Eurostar claimed a 'new golden age of international sustainable travel is here' as it announced proposals to run trains between London St Pancras and both Frankfurt and Geneva from the 'early 2030s'

Politics

3 w. ago Eurostar to launch direct trains from UK to Germany and Switzerland: Everything you need to know

London to Frankfurt is scheduled to take 5 hours; to Geneva the journey will be 5 hours 20 minutes

Politics

3 w. ago Eurostar plans new direct routes to two European destinations

Eurostar is set to launch direct services to Germany and Switzerland

Politics