3 d. ago FTSE 100 Live 30 September: Royal Mail strikes PayPoint deal, ASOS shares drop

A sharp slowdown in the UK economy was today confirmed in updated figures for the second quarter.

Economics

3 d. ago Business news live: UK economy grew 0.3% in second quarter as slowdown confirmed

The Office for National Statistics (ONS) said there was zero growth in gross domestic product (GDP) month on month in July

Economics

4 d. ago Ukraine war briefing: Zelenskyy urges west to cut off Russia’s energy revenues, saying decisive action ‘long overdue’

President’s plea comes after Russia bombards Kyiv and elsewhere in one of its most sustained attacks of the war. What we know on day 1,314See all our Russia-Ukraine war coverageVolodymyr Zelenskyy has again urged the international community to act decisively to cut off Russia’s energy revenues that fund its Ukraine war after Moscow carried out one of its worst attacks on Kyiv of the war. “The time for decisive action is long overdue, and we count on a strong response from the United States, Europe, the G7 and the G20,” the Ukrainian president said on Telegram. While the United Nations was holding general assembly sessions, Russia had “literally used every day, every hour, to strike at Ukraine”, he said in his nightly video address. Ukraine has so far failed to convince US president Donald Trump to impose punitive sanctions on Moscow.The onslaught on Kyiv and other parts of Ukraine killed at least four people in what Zelenskyy called a described as a “vile and cowardly” attack, Luke ...

Events

6 d. ago Nuclear meltdown fears as Russia cuts off power supply to Ukraine plant

A nuclear power region in the Russian-occupied Zaporizhzhia has been cut off for more than three days, raising concerns that Vladimir Putin will present himself as a saviour

Events

1 week ago Why Trump’s attacks on the Fed’s independence are so dangerous | Steven Greenhouse

The Federal Reserve cut interest rates this week. But the aggressive action Trump seeks could dramatically backfireDonald Trump has once again taken a wrecking ball to the rule of law and long-standing norms as he seeks to fire Lisa Cook, the Federal Reserve governor, and pursue his unprecedented assault on the central bank’s independence. Just as he failed to understand the huge problems his tariffs would create, Trump fails to understand the serious damage his attacks on the Federal Reserve could cause.In April, Trump launched repeated attacks on the Fed, threatening to fire its chairman, Jerome Powell, and demanding it slash interest rates. Trump called Powell “a stupid guy” and said “Powell’s termination cannot come fast enough!” Trump ultimately chickened out on firing Powell after financial markets tumbled at the prospect, but he hasn’t stopped pressing the Fed to chop its rates – suggesting they should be below 1% – to spur the slowing economy. Although Trump keeps denying it...

Politics

1 week ago UK aid cuts 'are a gift' to China and Russia's bid to undermine United Nations

In a report published ahead of the UN's General Assembly week, the Foreign Affairs Committee urged the Government restore the aid budget

Politics

2 w. ago Ukraine war briefing: Russian oil system struggling under Ukrainian attacks – report

Transneft has told producers they may have to cut their output because of attacks on pipelines and ports, Reuters says. What we know on day 1,302Russia’s oil pipeline monopoly Transneft has warned producers they may have to cut output following Ukraine’s drone attacks on critical export ports and refineries, Reuters has reported, citing industry sources. Ukrainian drones have frequently hit Russia’s oil plants, cutting refining capacity by up to a fifth, and damaged ports including Ust-Luga and Primorsk, Ukrainian military officials and Russian industry sources have said. Ukraine’s military said on Tuesday it had struck the Saratov oil refinery in Russia during an overnight attack.Transneft, which handles more than 80% of all the oil extracted in Russia, has in recent days restricted oil firms’ ability to store oil in its pipeline system, two industry sources close to Russian oil firms told Reuters. Transneft has also warned producers it may have to accept less oil if its infrastruc...

Events

2 w. ago China’s economy shows signs of slowdown as US trade war weighs

Retail sales and factory output growth hit lowest rate in 9 months amid mounting domestic weakness

Events

3 w. ago Russia cuts interest rate to 17% as wartime economy slows while deficit grows

Russia’s central bank is cutting its benchmark interest rate by one percentage point to 17%, a step that could support growth and business activity as the economy slows and the government budget deficit increases

Events

4 w. ago Trump cutting funding to train and support European troops in countries bordering Russia: report

The apparent shift has alarmed European defense leaders, who see the presence of U.S. troops and support as a key deterrent against Moscow

Politics

4 w. ago Applications for U.S. jobless benefits rise last week but remain in healthy range of past few years

The number of Americans seeking jobless benefits rose modestly last week, a sign that employers are still retaining workers even as the economy has showed signs of slowing

Society