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In a widely expected decision, the Reserve Bank of Australia holds interest rate after three hikes earlier this yearFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe Reserve Bank of Australia has held the official cash rate at 4.35% but threatened to hike again if needed, as it warned falling house prices would slow income growth.The widely expected decision comes after a steep decline in property values in Sydney and M

While some users say the wearables have changed their lives, critics voice fears over safety and privacyWith more than 7m pairs reportedly sold in 2025, Meta’s Ray-Ban smartglasses are fast becoming one of the world’s most popular gadgets.While supporters say they are transformin

The government has announced plans to create thousands more apprenticeships. We want to hear from employers about their experiences of recruiting apprenticesThe government has announced plans to create thousands more apprenticeships in England as part of wider reforms to technical and vocational education.We’d like to hear from employers who have taken on apprentices. What has your experience been like? Have apprentices benefited your organisation? What have been the biggest challenges

Iran conflict windfall over three months reignites calls for companies ‘cashing in on human misery’ to pay for environmental damageEight of the biggest oil companies amassed profits of more than $90bn (£67bn) in just three months as the Iran conflict sent energy prices soaring and the emissions-fuelled climate crisis caused deadly heatwaves.The windfall war profits have reignited calls for oil and gas supermajors such as Saudi Aramco and BP to pay for the environmental damage caused by

Vulnerable people more at risk as research finds only half of local authority plans require cooling strategiesEngland risks constructing a new generation of “death trap” buildings that can fatally overheat unless the government tightens standards and prioritises climate safeguards, planning experts have said.Fears are growing about the plight of vulnerable people in heatwaves, with research this week suggesting that 2,700 people had died in the May and June heatwaves in England and Wal

Exclusive: Work and pensions secretary signals possible reform to welfare as ministers await key reviewsLabour must stop “simply writing a cheque” for health and disability benefit claimants and will provide more job support instead, the work and pensions secretary has said.Pat McFadden said the government was preparing to launch a renewed effort at welfare reform with a focus on encouraging more people with health conditions to get into work and off benefits. Continue reading...

Treasury says shoppers will get a ‘fairer deal’ as new rules for BNPL credit are introduced on WednesdayMillions of shoppers will enjoy more rights and protections from Wednesday as new rules for “buy now, pay later” take effect in the UK.The government said it was delivering on its commitment to end the buy now, pay later “wild west”. Continue reading...

IBM issued profit warning after weak second quarter, triggering selloff in software sector including MicrosoftShares in IBM plunged more than 25% on Tuesday after the US tech giant released disappointing preliminary second-quarter results. IBM’s stock was on track for an even steeper single-day decline than it suffered during ⁠the 1987 “Black Monday” crash.IBM had issued a profit warning and blamed shifts in corporate customers’ spending. The company said revenue for the three months e

More than 158,000 items of fake kit seized featuring World Cup semi-finalists England, France and SpainMore than 158,000 fake football strips have been seized in an operation targeting World Cup counterfeit kit and blocking criminals from trying to “cash in on fan demand”.Edinburgh’s trading standards team confiscated 9 tonnes of Scotland, England and other nations’ fake kits, worth an estimated £5.5m. Continue reading...

Brent crude rises over $85 a barrel after US carries out third night of strikes against IranGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.Oil prices rose more than 2% after the conflict in the Middle East worsened, with the US carrying out a third consecutive night of strikes against Iran. Two tankers came under fire in the strait of Hormuz.Stasis has taken over markets as investors wait for the latest twist in the Iran confl

BBPA wants content definition for beer to be considered alcohol free to be changed from 0.05% to 0.5%Pubs and brewers are being prevented from capitalising on Britons’ record-breaking thirst for alcohol-free beer because of over-strict regulation, a trade body has warned.More than 64m pints of low- and no-alcohol beer is forecast to be sold over the summer, an increase of 8m compared with 2025, the British Beer and Pub Association (BBPA) said, citing the figures as proof that the categ

Despite spending increase in June, Barclays says most people still pessimistic about economyRelentless sunshine and the World Cup coaxed consumers to spend more on beer and online shopping last month, with purse strings expected to remain loose as England fans gear up for Wednesday’s semi-final.Most people remain pessimistic about the UK economy, according to data from Barclays Bank based on debit and credit card transactions. Continue reading...