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The Sveriges Riksbank Prize in Economic Sciences was awarded to Robert Hall and Michael Woodford for their work on the micro‑economic foundations of macro‑economic stabilisation, amid volatile betting markets that highlighted Sidney Winter and Lawrence Katz.
Technical issue at air traffic control provider Nats grounds flights to and from UK airports for second day; oil prices rise towards $100 a barrel for first time since July In the markets, oil prices are rising towards the $100 a barrel level for the first time since July. Brent
Victims of cowboy builders describe how they were exploited with one couple left "scarred for life".
The measure comes as Canada imposes $20bn in retaliatory tariffs and Canadian prime minister Mark Carney vows to reduce his country’s economic dependence on the US The US is banning dairy products, most alcoholic beverages and motorcycles from Canada, the White House said Tuesday
It is the latest escalation in a trade war between the two countries, and comes as Canadian retaliatory tariffs on US goods come into force.
For many young people making a will may not seem necessary, but here's why you shouldn't put it off.
OpenAI's claim that it solved parts of Navier-Stokes equations has quickly stirred controversy.
High yields threaten to wipe out at least half of the £24bn headroom John Healey was expecting to have for his budget The UK government was forced to pay the highest interest rate for a 30-year bond since 1998 on Tuesday, underlining the fiscal challenges facing the chancellor, J
The Japanese brewer plans to shift non-alcoholic beer brewing to the US from Canada as tariffs bite
Exclusive: Staff expect ‘brutal’ cutbacks as broadcaster seeks to reduce costs amid advertising slowdown Business live – latest updates Channel 4 is poised to cut about 300 jobs – about a quarter of its workforce – in the biggest round of layoffs in its 43-year history, as the br
The U.K. government says that that it’s banning trade with Israeli settlements in the occupied West Bank where it says “settler terrorists” are carrying out “ethnic cleansing” of Palestinians
Major lenders have raised rates on new deals in recent days, leaving many borrowers needing to make a decision.
Rene Haas also claims artificial intelligence could pave way for widespread use of humanoid robots within five years Business live – latest updates The boss of one of the UK’s biggest chip companies has claimed AI will be able to find a cure for cancer “in our lifetime”. Rene Haa
Chris Rokos plans to open an office in Athens, reports say, and was ranked third in the Sunday Times's list of the UK's top taxpayers.
Hedge fund tycoon is latest financier to exit amid fears among super-rich over tax rises Business live – latest updates The hedge fund billionaire Chris Rokos is poised to leave the UK, the latest in a string of high-profile exits among Britain’s super-rich. The founder of Rokos
Saudi authorities said operations at some energy facilities have been attacked by Yemen’s Iran-aligned Houthis Germany has been hit by a surprise drop in exports, knocking hopes that its economy was rebounding. German exports fell by 0.8% in July compared with the previous month
In partnership with DWP, firms such as John Lewis and M&S plan to offer 18- to 24-year-olds placements of two to four weeks UK retailers plan to create up to 100,000 short-term placements for young people not in employment, education or training (Neet) over the next three years t
It is the latest escalation since trade talks collapsed in late August, with US officials threatening to hit back if Canada’s counter-tariffs are implemented.
The threat against one of Canada's largest companies comes amid an escalating trade war between the two neighbours.
Applicants have to pitch their ideas on stage in front of a panel of judges and an audience. But is this exciting or unfair?
Arm Holding's chief executive Rene Haas says artificial intelligence will find a solution to the disease.
The new leadership is trying to maintain both confidence and the promotion of economic animal spirits.
Retailer wins appeal against 2024 decision forcing it to pay shop workers the same as warehouse employees The UK retailer Next has overturned a 2024 court ruling forcing it to pay its shop staff the same higher basic pay rates as its warehouse workers under equal pay rules. The c
Five people are dead and five others injured after an aircraft overran the runway, hit vehicles and caught fire.
Most major retail stores and grocery chains will remain open on Labor Day, while banks will close.
Toscafund, founded by City figure known as ‘the Rottweiler’, signs deal amid fears over creeping privatisation of NHS Business live – latest updates Britain’s biggest private hospital operator has agreed to a £1bn takeover by a hedge fund manager known as “the Rottweiler” for his
Rolling coverage of the latest economic and financial news Here’s some early reaction to this morning’s news that UK house fell, on an annual basis, in August for the first time since November 2023: Jeremy Leaf, north London estate agent: “We are seeing a bit of a stand-off betwe
John Healey will detail plans to spread growth more widely across the UK, ahead of his first Budget.
About one million people - mostly women - are owed pension tax relief and will be contacted by HMRC.
John Healey speech on Monday will stress links between fiscal discipline and growth amid concerns his cautious approach jars with Burnham’s radical plans John Healey will argue the government’s plans to boost growth across the whole country will enable the British economy to “tur
Protest using 10 coffins to symbolise struggling manufacturing industry to take place in Brussels Job losses in EU manufacturing will rapidly increase unless Brussels stops the “colonisation” of industry by Chinese component manufacturers, a leading industry trade body has warned
Beijing wants banks and insurers to bolster investment in stock market as it helps to replenish cash reserves China will inject $54bn (£40bn) into its financial sector as Beijing attempts to shore up banks and insurers in the face of faltering economic growth. A host of financial
Sri Lanka’s foreign employment industry cannot be allowed to descend further into institutional disorder and internal conflict, President of the United Vision Platform M.Z.M. Azzam said, calling for an urgent resolution to the ongoing crisis surrounding the Association of License
Bond market volatility means John Healey will have to take tough decisions, soon, if he wants to meet spending pledges In John Healey’s bright Treasury office, overlooking St James’s Park, the artwork has not changed since his predecessor, Rachel Reeves, selected a row of Bridget
Most gambling websites nudge users towards accepting tracking data and harvest it before consent is given, study shows Online bookmakers and casinos have been accused of widespread non-compliance of information privacy requirements, including “data surveillance” of customers, acc
Investors in Emblehope Moor will get their financial returns – and then it will be given to community or charity owners It is difficult to find the most remote place in England. There is no public transport, no roads and no sign of any human habitation. Online route finders mista
Sources indicate some members states will not enforce EES biometric controls after 6 September deadline What are the new EU border checks and how will they affect your holiday? Travellers to the EU could face renewed border queues as flexibility measures for the bloc’s entry-exit
Business secretary looks to simplify corporate reporting rules and exempt some SMEs from certain form-filling The amount of paperwork businesses are required to regularly carry out could be slashed, the business secretary has announced. Jonathan Reynolds said he plans to simplify
Blaze causes electricity supply failure and disruption of services to airport and Reading A fire near a train track in the London Paddington area has caused major disruption, with services to Heathrow airport cancelled. The fire caused an electricity supply failure which has left
Traffic on A20 in and out of port grinds to halt as Kent police say they are in attendance and engaging with group Dozens of people dressed in black and wearing balaclavas have blocked the road at the port of Dover in Kent, forcing closures in both directions. Kent police said th
Chancellor says he wants to ensure country has ‘buffer’ against uncertainty as global bond yields hit 18-year high The chancellor has indicated that the UK will face a tough budget next month due to Trump’s war in the Middle East. In an interview with the Financial Times, John He
Insurers in England and Wales tell of busy August with one reporting near-140% jump in claims UK insurers are experiencing a surge in the number of homeowners making claims for subsidence after the hottest summer on record, with Hastings Direct reporting a near 140% jump to an al
The BOP in July entered into an exclusive arrangement with a Florida startup that allows the company to sell federal prisoners nicotine pouches that are not authorized by the FDA.
From mortgages to inflation, concerns about the public finances of major economies have wide-reaching consequences When Donald Trump was asked recently about the threat of rising interest rates on US government debt, he told baffled reporters: “The ultimate intervention is our mi
Russian and Ukrainian strikes in July killed more crew than in whole war to that month, preventing grain exports A summer of hostilities in the Black Sea proved deadly for seafarers, as Russia and Ukraine attacked each other’s ships and port infrastructure, preventing vital grain
The number of roles added to the US economy increased by 162,000 in August, almost triple the 56,000 forecast.
Number of new jobs being added has been fluctuating, with private companies adding 38,000 jobs in August The US economy added 162,000 jobs in August, an uptick after a sluggish summer for the labor market. The unemployment rate held steady at 4.1%, still down from its most recent
For U.S. consumers, the rising cost of diesel is likely to result in higher retail prices for everything from produce and toys to lumber and apparel.
Dame Angela Eagle warns the weather event could lead to extreme storms this winter.
Rolling coverage of the latest economic and financial news Shares in Israel’s Navitas Petroleum, which is also involved in the Sea Lion project, have dropped by 4.5% on the Tel Aviv stock market. Navitas and Rockhopper are partners in the Sea Lion oil drilling project near the Fa