Pet owners at risk of being ripped off by private equity firms as vet ownership rules change
Critics say changes by CMA will allow multinationals to obscure their ownership of vet practices
Policy & regulation
Arms and the £5m man: Farage megadonor Christopher Harborne’s military empire
Reform UK denies donor and crypto-billionaire’s global interests in arms and military could present a conflict of interest over its defence spending policy
Iran insists Strait of Hormuz remains closed as war enters seventh month
You can read our continuous live coverage on Iran, along with comprehensive reports and analysis, at this link.
On long road back from Brexit, north-east’s recovery rides on survival of Nissan’s ‘shining star’ plant
In a factory in Gateshead, engineers carefully wind metal wires around iron cores to go in electric motors. Here, workers produce a smaller “pancake motor”, which generates higher torque than conventional versions for s…
‘You’re at war when you get attacked’: Mark Carney shows combative nature in face-off with Trump
Mark Carney stood before a walnut-veneered lectern, his face drawn tight, as he announced that talks with Canada’s biggest trading partner had collapsed. “Last spring, I warned that America is trying to break us so that…
Russia steps up ’gray zone’ attacks across Europe as NATO tensions rise
Hungary’s high-stakes election is beginning to look like an uphill battle for incumbent Prime Minister Viktor Orbán. At least that is what the polling shows: Orbán’s party, Fidesz, has been trailing opponent Péter Magya…
Warsh at Jackson Hole: 8 key takeaways
Editor's Note: At 10 PM Beijing time on August 28, Federal Reserve Chair Kevin Warsh delivered a speech at the Jackson Hole Global Central Bank Symposium, marking his first address at this prominent annual gathering sin…
‘Inept, incompetent, craven’: Scott Bessent struggles to clean up the president’s mess
History remembers Gen Dwight Eisenhower , the supreme commander of the allied forces in Europe during the second world war, for his role in the D-day invasion of Normandy. Whether Scott Bessent will achieve similar post…
‘If it’s made in the US, I don’t buy it’: Canadians on boycotting Trump’s America
“As soon as Trump started putting those tariffs on in February [last year], I started boycotting US goods,” he said. “Avoiding American products has driven my costs up, and I’m still happy to do it.
Remaking the biscuit: from Doritos to digestives, why the UK’s snacks are being ‘reformulated’
Bite into a Ritz cracker today and you’re eating 80% less saturated fat than you would have been just a few years ago. The biscuit looks and snaps the same, and tastes close enough that most buyers have no idea they’re …
Tax promises, defence targets and Iran: Andy Burnham’s budget headaches
As economic circumstances worsen, the PM’s commitments have left him and the chancellor in a tight spot
UK risks falling behind in AI race without faster telecoms upgrades, say executives
The UK risks becoming a laggard in the global AI race as crucial telecoms upgrades to harness the technology fall behind rival nations, according to senior industry executives.
Faster, higher, funnier: what we learned from China’s robot games
Five-day showcase reveals leaps Beijing has made in humanoid tech, but also its limitations as US rivals come up from the rear
Sovereignty, farming and fishing: Iceland votes on its future with the EU
Icelandic farmers were starting to get higher prices for their meat and milk, debt was no longer an occupational prerequisite and innovation was on the rise.
China’s massive oil reserves give Beijing leverage during Iran war
The Iran war has boosted China’s leverage in the energy sector and deepened its commercial presence in the Gulf. But states in the region want China to be a more proactive stakeholder, a role Beijing may not be ready to…
Households could save up to £173 a year by switching to fixed energy deal
With higher energy bills looming and warnings of worse to come in the new year, many households could save up to £173 a year by switching to a fixed deal.
Trump announces new US oil agreement with Venezuela
Donald Trump announced Friday a new US oil agreement with Venezuela’s interim president Delcy Rodríguez, saying the US will have “majority” control of 65bn barrels of proven oil reserves.
Large fire near Wembley Stadium disrupts tube and rail services
A large fire broke out at a waste facility close to Wembley Stadium in north-west London, disrupting tube and train lines in the area.
Bessent defends yen support, cites US borrowing cost risks
After multiple warnings against the "speculative" and "one-sided" currency moves, Japan's Ministry of Finance appears to have put its money where its mouth is and intervened in the yen during the country's Golden Week h…
Fed chair says delivering ‘stable prices’ is central bank’s job as inflation persists
The US Federal Reserve is not done fighting high inflation, its chair, Kevin Warsh, said in his first major speech in the role on Friday, emphasizing that it was “the Fed’s job to deliver stable prices”.
Isabel Schnabel: Central banks on-chain
It is a great pleasure to discuss Darrell Duffie’s paper “Tokenized finance and the perimeter of central banking” at this year’s Jackson Hole Economic Policy Symposium.[1]
UK urged to ban imports of Brazilian meat over health concerns
The UK’s leading farming organisations and animal health experts have called for an urgent ban on imports of Brazilian meat, in light of concerns over the safety of imports.
SEC Proposes Amendments to Exchange Act Rule 3a12-8 to Add European Union Debt Obligations
The U.S. Securities and Exchange Commission has proposed amending Rule 3a12-8. The change would add European Union debt obligations to the list of foreign government securities exempted for futures marketing and trading.
Fed has 'work to do' if price rises don't ease for Americans, Warsh says
The head of the US central bank said policymakers will "have work to do" to if they are not confident cost of living pressures are easing for Americans.