Yen hits three-month high after Trump helps prop up currency
The yen has hit its highest level in three months after Japan and the US launched a combined operation to support the Japanese currency.
Policy
Five things to watch in markets in the week ahead
Oil prices turn lower as Bessent says U.S. may have Iran deal "today or tomorrow"
AstraZeneca holds talks with Bristol Myers Squibb on $400bn merger
Britain’s biggest drugmaker, AstraZeneca, is understood to be in discussions to take over its US rival Bristol Myers Squibb in a deal that would create a near-$400bn (£300bn) pharmaceutical group.
Why has Trump stepped in to prop up Japan’s currency?
The US has launched a bid to prop up the value of the yen, marking an extraordinary coordinated intervention with Japan’s government to halt the currency’s fall as it approaches 40-year lows.
At least five Mohamed Al Fayed abuse survivors confirmed as human-trafficking victims
At least five victims of the former Harrods owner Mohamed Al Fayed have been confirmed by the Home Office as victims of human trafficking.
Healey’s profiteering warning on food and fuel risks row with retailers
The chancellor, John Healey , has said the government is standing by to prevent the public from “being taken for a ride at the pump or the till” as the Iran war continues to hit prices.
Britain could face food shortages as drought continues, farmers warn
Britain could face shortages of certain foods after punishing drought in parts of England, the National Farmers’ Union (NFU) has warned as a heatwave was forecast to continue into next week.
Solar powers record share of Britain’s electricity mix in July
Solar energy supplied more power to Great Britain’s grid in July than in any previous month as households turned to rooftop panels to cut their energy bills.
Why Andy Burnham’s devolution pledge will be tricky to deliver | Richard Partington
On the road to Downing Street, Andy Burnham promised to transfer power from Westminster to every postcode in the country. After his first two weeks in office, the size and complexity of this project are becoming clearer.
Inside M&S’s Oxford Street swanky revamp, the blueprint for its £700m growth strategy
On a hot summer’s evening on London’s busy Oxford Street, a crowd of fashion influencers, models, journalists and the odd City analyst gathered for a first look at the upmarket revamp of Marks & Spencer’s landmark Panth…
‘You owe parking fees’: experts warn of fake RingGo text scam
Criminals hope by using threats of enforcement action, people will panic and click link to bogus parking app site
From occupied Crimea to Oxfordshire: the Kremlin links to new £600m UK theme park
Exclusive: Puy du Fou worked with under-sanctions oligarch on plans for Crimea resort longer than disclosed, and later courted Iran and China
Callas, Beethoven, bee-eaters or storks: competition seeks to redesign euro notes
Is Europe best represented by the bold intellect of Marie Curie, the sprawling imagination of Miguel de Cervantes and the intense musical genius of Ludwig van Beethoven? Or by a migrating stork and a bee-eater, swooping…
UK’s state investments agency hit by data breach
The public body in charge of the UK’s state investments has been pushed to improve its internal security after a data breach left “high-level management information” publicly accessible for nearly two days.
Trump offering early access to online posts in move seen as corruption
Truth Social, where Trump’s account is by far the largest, to offer users early access for up to $100,000 per month
Ultra-processed food companies hindering health drives by suing countries, says WHO
The world’s biggest ultra-processed food corporations are hindering global efforts to tackle the obesity crisis by suing governments that try to promote healthier diets, the head of the World Health Organization has sai…
Amanda Staveley consortium set to buy Gold family’s 25.1% stake in West Ham
A consortium led by Amanda Staveley has reached an agreement to buy a 25.1% stake in West Ham after Vanessa Gold, daughter of the former chair David Gold, agreed to sell her family’s shares in the Championship club.
There can be no letup. Humiliated Infantino must stand down at Fifa or be removed | Nick Ames
There is no time to dance around the subject. Gianni Infantino must stand down as Fifa president or otherwise be legally removed. No fresh chances can be made available for an official who has demolished trust in footba…
China’s tech advances are causing chaos from Silicon Valley to the White House
New AI models, advanced robots and specialty computer chips are unsettling markets and the US tech industry
‘Worst we’ve known’: UK turns to imports as drought and heat hit vegetable crops
Pubs, restaurants and supermarkets are having to buy lettuce and broccoli from Spain at what should be the height of UK growing season, as drought and extreme heat hit crops.
Gianni Infantino ‘has lost Uefa’s confidence’ after Fifa chief scraps World Cup sell-off plan
Uefa has warned Gianni Infantino that his style of leadership cannot continue in demanding a thorough and fundamental review of Fifa’s governance.
From Ozempic to eye creams: demand for bathroom mini fridges is heating up
Used to store everything from beauty products to GLP-1 medication, the growing demand reflects a wider trend in how the wellness industry and weight-loss drugs are reshaping homes.
Turn failing water firms into not-for-profit cooperatives, MPs and mayors tell PM
MPs and mayors close to Andy Burnham have told the prime minister there is a “third way” to gain more control of failing companies, as the row over whether or not to nationalise Thames Water rumbles on.
The tangled financial web at the heart of Reform UK
Nigel Farage’s £5m gift, the Cottrell family’s links and donations, and Richard Tice’s business dealings form part of an increasingly clear nexus of relationships