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Defence stocks rally as John Healey appointed chancellor; UK borrows less than expected in June – business liveWorld

Defence stocks rally as John Healey appointed chancellor; UK borrows less than expected in June – business live

Rolling coverage of the latest economic and financial newsMore on the cost of living: new figures show that UK grocery inflation eased in the four weeks to 12th July to 2.6%, its lowest rate since December 2024.It marks the fifth consecutive month of slowing price rises, Worldpanel by Numerator found.Easing price rises will come as welcome news to shoppers, but the annual bill tells a fuller story. The average household spent £5,530 on groceries over the past twelve months to July, up £156 on the same period last year - a reminder that even as the rate of inflation cools, the cumulative cost of the weekly shop keeps climbing.L&VW agrees that there is an opportunity to enhance the way local government, regulators and Thames Water work together, granting greater public controls on critical business issues to improve delivery of complex, essential infrastructure projects, and demonstrate shared accountability.The consortium is willing to make significant new commitments to grant greater controls and oversight to ministers, implemented through a ‘golden share’. Continue reading...

14 minutes ago
The Guardian
Iran claims attacks on strait of Hormuz ships amid fresh US strikes – Middle East crisis liveWorld

Iran claims attacks on strait of Hormuz ships amid fresh US strikes – Middle East crisis live

Revolutionary Guard claims attack on oil tanker and two other ships as US carries out tenth consecutive night of strikesFull report: Almost 100 troops injured in recent weeks, Pentagon admits, as Iran launches reprisals on US alliesLebanon’s president, Joseph Aoun, is due to meet Donald Trump for the first time today as he wraps up a four-day visit to Washington.The meeting coincides with ongoing US-mediated talks between Lebanon and Israel. The two sides announced a “framework agreement” on 26 June which stipulates the withdrawal of Israeli forces from southern Lebanon as well as the disarmament of Hezbollah. Continue reading...

17 minutes ago
The Guardian
Five of the Main Challenges Awaiting Andy Burnham When He Becomes Prime MinisterWorld

Five of the Main Challenges Awaiting Andy Burnham When He Becomes Prime Minister

Andy Burnham, who entered Downing Street on Monday, faces a long and daunting list of issues. Here are some of the most urgent.

21 minutes ago
NY Times
Canada ready to ‘intensify’ trade talks as Trump orders new tariffs – US politics liveWorld

Canada ready to ‘intensify’ trade talks as Trump orders new tariffs – US politics live

PM Mark Carney says Canada has made proposals to resolve dispute as tariffs are due to be imposed on wide range of goodsSign up for US Breaking News emailLebanese president Joseph Aoun was to meet with his US counterpart Donald Trump in Washington on Tuesday, as Beirut’s military moved into an area of the south under a deal with Israel to disarm Hezbollah.Lebanon is under pressure to prove that it can and will disarm the Iran-backed militant group, which Israel has set as a precondition for ending its occupation in southern Lebanon. Continue reading...

21 minutes ago
The Guardian
In Venezuela’s Rubble, a Search for the Family PetsWorld

In Venezuela’s Rubble, a Search for the Family Pets

Volunteers are reuniting pets with families, offering Venezuelans comfort amid loss and devastation.

27 minutes ago
NY Times
Burnham cuts VAT on electricity bills ahead of first cabinet meeting – UK politics liveWorld

Burnham cuts VAT on electricity bills ahead of first cabinet meeting – UK politics live

Move is expected to save households around £45 a year but former minister says plan is ‘unfunded’Burnham to cut VAT on electricity bills in first cost-of-living moveAntónio Costa, the president of the European council, said in a post on X that he held a “good” phone call with Andy Burnham last night, in which he said they agreed to “further strengthen” EU-UK relations and continue to cooperate to support Ukraine.He said there was also discussion about “common geopolitical challenges facing Europe”, which could be a reference to many things, including energy prices soaring due to the US-Israel war on Iran, Europe’s trading and security relationship with Washington, the future of Nato, the continent facing a wave of hybrid warfare, driven by Russia, or the surge of national populism and backlash against immigration. Continue reading...

28 minutes ago
The Guardian
‘No electricity, no water, no fuel’: Ukrainian drone strikes bring darkness to Crimea’s summerWorld

‘No electricity, no water, no fuel’: Ukrainian drone strikes bring darkness to Crimea’s summer

Interviews with residents of Russian-held region point to frustration with Moscow as Ukrainian campaign to isolate it takes toll on daily lifeFirst, the guests stopped coming. As Ukrainian drones and missiles pounded Crimea throughout the spring and into the summer, Russian tourists began cancelling their bookings at the small guesthouse Marina runs in Yevpatoria, a resort town on the peninsula’s Black Sea coast.Then petrol became scarce, making it harder to stock the business with food and other essentials. Now, electricity and running water are cut off for much of the day, just as the summer heat sets in. Continue reading...

28 minutes ago
The Guardian
Muslim leader speaks out after more than 80 days in ICE detention: ‘It brought back memories from Palestine’World

Muslim leader speaks out after more than 80 days in ICE detention: ‘It brought back memories from Palestine’

Salah Sarsour, president of Wisconsin’s largest mosque, said ‘dehumanizing’ treatment reminded him of time spent in Israeli military jailThe president of Wisconsin’s largest mosque said he was subjected to “dehumanizing” treatment during more than 80 days in federal immigration custody – treatment that reminded him of the time he spent in Israeli military prisons in occupied Palestine nearly four decades ago.“It all brought back old memories of things that happened to me when I was tried in Palestine,” said Salah Sarsour in his first interview since being released last month. “The humiliation, the treatment by guards, the way they talk to people, the way they try to put people down.” He said he lost more than 30lb while in immigration detention. Continue reading...

28 minutes ago
The Guardian
Andy Burnham’s first Labour cabinet: who’s in and who’s out?World

Andy Burnham’s first Labour cabinet: who’s in and who’s out?

From the Treasury to the Home Office, we look at who is heading up key departments in new PM’s governmentBurnham vows his arrival in power will be ‘circuit breaker’ moment for UKSix highlights from Andy Burnham’s first Downing Street speechAndy Burnham has appointed his first cabinet, with the new prime minister rewarding those who have been loyal to his takeover efforts. He had promised to pick his top team from all wings of the party in an effort to show he is trying to run a more inclusive administration.But at the same time, his decision to have a brutal clearout of Starmer allies resulted in many considered to be on the right of the party or close to the former prime minister losing their jobs. These are the key announcements so far: Continue reading...

28 minutes ago
The Guardian
Lebanese army says troops deploying in 'pilot zone' after Israeli withdrawalWorld

Lebanese army says troops deploying in 'pilot zone' after Israeli withdrawal

A US-brokered agreement should see Israeli troops pulling out of a small part of Lebanon occupied during their conflict with Hezbollah.

about 1 hour ago
BBC News