The annual inflation rate increased to its highest point in three years as the cost of energy and other goods rose due to the Iran war, according to data released by the Department of Labor on Wednesday. The consumer price index (CPI), a popular gauge of inflation, rose 4.2 percent over the past 12 months…

The annual inflation rate increased to its highest point in three years as the cost of energy and other goods rose due to the Iran war, according to data released by the Department of Labor on Wednesday. The consumer price index (CPI), a popular gauge of inflation, rose 4.2 percent over the past 12 months…

Official figures show that the number of young people neither working nor learning has jumped beyond one million for the first time since 2013.

Before the conflict began, inflation was at 2.4%, but the closure of the strait of Hormuz has affected energy prices

US inflation jumped to an annual rate of 4.2% in May, the third consecutive monthly increase since the start of the Iran war and a three-year high, as Americans continue to face steep oil prices.

Prices have increased sharply over the past several months, rising at an annual rate of 3.3% in March before going up to 3.8% in April. In February, before the conflict began, inflation was at 2.4%.

Continue reading...

© Photograph: Bonnie Cash/UPI/Shutterstock

© Photograph: Bonnie Cash/UPI/Shutterstock

© Photograph: Bonnie Cash/UPI/Shutterstock

The rise of the “small appetites” economy as consumers slim down

© AFP via Getty Images

The boss of Fuller’s also said pub workers are more likely to hold on to their jobs amid fewer opportunities for work.

© PA Media

Research suggests households that include a GLP-1 user collectively spent £780m less on grocery bills

• Business live – latest updates

Weight-loss drugs are saving users’ households more than £400 a year on grocery bills, according to a survey, which found use of GLP-1s has nearly tripled in the past two years to 1.9 million adults.

More than 6.3% of households in Great Britain now include at least one GLP-1 user, according to the research by Worldpanel by Numerator. This marks a sharp rise from 4.1% of households in 2025 and 2.3% in 2024.

Continue reading...

© Photograph: Ashok Saxena/Alamy

© Photograph: Ashok Saxena/Alamy

© Photograph: Ashok Saxena/Alamy

Computing power has become the lifeblood — and a key limiting factor — of the race to develop AI, as the push to integrate the technology into daily life clashes with the finite supply of one of its most crucial inputs. Often referred to simply as “compute,” the processing power that forms the foundation of…

As cases of New World screwworm spread and threaten the beef and cattle industry, the Trump administration is rolling out a familiar playbook: Blame former President Biden.   The parasitic fly had been eliminated in the U.S. since the 1960s, but now it’s back, and according to Agriculture Secretary Brooke Rollins, the new resurgence is entirely due to the lax immigration policies of former…

Computing power has become the lifeblood — and a key limiting factor — of the race to develop AI, as the push to integrate the technology into daily life clashes with the finite supply of one of its most crucial inputs. Often referred to simply as “compute,” the processing power that forms the foundation of…

As cases of New World screwworm spread and threaten the beef and cattle industry, the Trump administration is rolling out a familiar playbook: Blame former President Biden.   The parasitic fly had been eliminated in the U.S. since the 1960s, but now it’s back, and according to Agriculture Secretary Brooke Rollins, the new resurgence is entirely due to the lax immigration policies of former…

The Argentine national team will be Google’s test bench and technological showcase during the World Cup.

EV maker aims to overtake Toyota, as it plans to spend £1.8bn to build five-minute flash chargers in Europe

• Business live – latest updates

The Chinese car company BYD has said it aims to be the world’s biggest automaker within the next five years.

Targeting Toyota’s long-held top spot, BYD’s founder and chair, Wang Chuanfu said he was confident it could overtake global rivals through rapid advances in battery technology and fast charging, as well as growing production overseas, including Europe.

Continue reading...

© Photograph: Cheng Xin/Getty Images

© Photograph: Cheng Xin/Getty Images

© Photograph: Cheng Xin/Getty Images

It followed reports the Weston family is also holding discussions over a possible £7.5 billion deal.

© PA Wire

In the fifth year of Russia's full-scale invasion of Ukraine, mil-tech startups still struggle to access bank financing amid strict secrecy and lack of collateral.

Fuller’s has 337 pubs and hotels across the south of England.

The 2026 World Cup in the United States, Canada and Mexico is on track to be the most expensive one ever for match-going fans. The cheapest general sale tickets for the final are four times as expensive as they were for the final in Qatar in 2022, and represent only a small proportion of total seats. We look at the reasons for this surge in prices. Also in this edition: solar power overtakes coal in the US, in spite of Donald Trump's policies. 

Pub chain hopes for a boost from the football World Cup

© AFP via Getty Images

Pennon was prosecuted earlier this month at Exeter Magistrates’ Court for supplying water unfit for human consumption.

© PA Archive

Ukraine is racing to fund its 5.4 billion euro energy resilience plan before another winter of Russian attacks on its power grid.