IMF warns global economy ‘could soon test the limits of resilience’
In its twice-yearly World Economic Outlook, the IMF said global growth had withstood the Middle East conflict better than feared over the past six months. It said the rerouting of oil supplies away from the strait of…
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UK economy to suffer second-highest inflation in G7
In its latest report published today, the global finance body has said that inflation will remain above the Bank of England’s target two per cent rate for the seventh year running. The fund’s officials said inflation…
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Heating oil customers face tough winter despite shake-up promise
Ministers say they will tighten up rules, promote competition and give customers clearer compensation routes if things go wrong. Minimum order levels, set for some customers, will be reviewed. With prices close to having…
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Retail sales ‘sluggish’ as shoppers feel cautious ahead of Budget
Total sales at retailers increased by 1.3 per cent in the 12 months to September, compared to 2.3 per cent growth in September 2025, according to the British Retail Consortium (BRC) and Big Four giant KPMG. The trade…
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Battersea Power Station nears completion with £280m new loan
The Battersea Power Station Development Company secured the new loan from the group of lenders which have backed the project since it began in 2012, including London-listed Standard Chartered, Malaysian bank CIMB…
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‘Economic anaesthetic’ of welfare spending dwarfed capital investment by £1.1 trillion
The Centre for Social Justice said that spending on disability support and other forms of welfare racked up to £1.1 trillion more than capital expenditure in the same period of time. Researchers warned that welfare…
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Wild Horse Nine review: Martin McDonagh plays the hits in crime caper
It’s fitting that his latest film is about people looking back at their loves and losses, because in many ways Wild Horse Nine feels like a mid-career retrospective of his own filmography. It touches upon many of the…
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Fridges in French supermarkets hit by cyber attack
Hackers gained control of the software that regulates the temperatures of the refrigeration units, forcing some to warm to 50C (120F) overnight, according to one supermarket chain affected. The chief executive of…
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Stellantis and Renault back UK to get EU car industry protection
The new rules aim to ensure EU subsidies and government procurement benefits Europe's industry, rather than helping manufacturers from other countries. The executives were speaking at the Paris motor show, which was…
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Hackers force French supermarket fridges to heat up to 50C in ‘unprecedented’ cyber-attack
The Paris prosecutor's office said on Monday the large-scale attack was "affecting connected refrigerators in several major food retailers across France". Reported damage included "food losses and fires", it added.…
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