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UK banks financing coal industry despite climate goals.

Britain’s Coal Money Trail: Billions Still Flowing Behind the Climate Promise

Britain’s climate ambitions may be moving toward a cleaner future, but a new report suggests that some of the country’s biggest banks are still sending substantial amounts of money in the opposite direction. Since the 2021 COP26 climate summit in Glasgow, UK-based banks have provided an estimated $8.3 billion (£6.2 billion) in financing to companies...

Heathrow airport trains and London rail network.

Heathrow’s Third Runway Has a Railway Problem

A third runway at Heathrow is being presented as an engine for growth. But before the first aircraft takes off from the new strip of concrete, another question is becoming increasingly difficult to ignore: How will all those extra people get to the airport? Heathrow’s proposed £33bn expansion could eventually add between 100,000 and 200,000...

Japan’s Rate Reset: Tokyo Moves to Protect Prices as War Ripples Through the Global Economy

Japan’s central bank has taken a significant step into a new phase of monetary policy, raising its key interest rate to 1.25%—the highest level since 1995—as the economic shockwaves from the Iran conflict add fresh pressure to prices and financial markets. The Bank of Japan (BoJ) increased its target rate from 1% after a 7–2...

Warren Buffett Hands Berkshire’s Chairmanship to the Next Generation

For more than half a century, Warren Buffett was the steady hand behind Berkshire Hathaway. Now, at 96, the investor known worldwide as the “Oracle of Omaha” is stepping away from the company’s top boardroom role, marking the end of one of the longest and most influential leadership eras in American business. Buffett’s son, Howard...

Britain’s Shoppers Defy the Gloom as Retail Sales Rebound

Britain’s high streets delivered an unexpected dose of optimism in August, as consumers opened their wallets more than economists had anticipated and added to growing signs that the economy may be proving harder to predict than expected. The volume of goods sold across Great Britain increased by 0.5% in August, according to the Office for...

Inflation’s Second Wave Puts Global Central Banks on the Spot

The world’s biggest central banks are heading into a decisive week with an uncomfortable question hanging over them: can interest rates stay where they are if inflation is accelerating again? Policymakers in the United States, Britain and Japan are preparing to announce rate decisions against a backdrop of volatile bond markets, rising energy costs and...

When Trusted Brands Become Bait

A supermarket aisle is built on familiarity: the logo, the colours, the promise that what you see is what you get. Online, that same familiarity is increasingly being turned into a weapon. Tesco has reported a fake online casino using its name and branding to the City of London police, becoming the latest major British...

UK Economy Defies Expectations as AI Helps Power July Growth

Britain’s economy delivered a surprise in July, expanding by 0.4% as a surge in artificial intelligence and cloud-related business activity helped offset the pressures created by the Middle East conflict and rising energy costs. The latest figures from the Office for National Statistics (ONS) exceeded City expectations, which had been for no growth. The economy...

Opening the Door to Britain’s Young Jobseekers

For thousands of young people across Britain, the hardest part of starting a career may not be finding the right ambition—it may simply be getting someone to say “come in.” That is the problem a major new retail initiative is trying to tackle. More than 40 of Britain’s biggest retailers have joined forces with the...

Spire Healthcare’s £1bn Takeover Puts Private Healthcare Under the Spotlight

Britain’s private healthcare sector is about to enter a new chapter after Spire Healthcare, the country’s largest private hospital operator, agreed to a £1.03bn takeover by an investment group led by Toscafund Asset Management. The deal values Spire at 250p per share, bringing the company under the influence of Martin Hughes, the veteran City investor...

London Enters the Robotaxi Era

London has taken its first cautious step into the age of self-driving taxis, with autonomous vehicles from Wayve becoming available to book through Uber. Only 15 vehicles are currently licensed, meaning the service is more technological preview than transport revolution. Each car still carries a trained safety driver who can take control if necessary. But...

Mortgage Rates Face Fresh Pressure

Britain’s mortgage market is beginning to feel the shockwaves of a global bond sell-off, raising the prospect of higher borrowing costs for homeowners. The immediate warning sign is the rise in UK swap rates — a key measure used by lenders when setting fixed mortgage prices. The five-year swap rate has climbed above 4.52%, its...

Range Rover Enters the Electric Era

Range Rover has finally crossed into the electric age, unveiling its first fully electric model after a one-year delay — and placing it firmly at the luxury end of the market with a starting price of £154,070. Built around the same imposing SUV character that has defined the marque for decades, the new electric Range...

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