‘I can deliver’: Burnham pledges radical change on eve of Labour conference
Exclusive: UK prime minister says delivering fiscal stability would be ‘crucial’ to be able to fix bigger problems
Economy
Heathrow Airport warns third runway could be delayed by four years
Heathrow Airport has warned that its planned third runway might be delayed by four years due to planning and regulatory issues.
Andy Burnham announces new homes scheme for first-time buyers
A new help-to-buy scheme aimed at giving first-time buyers who cannot rely on the “bank of mum and dad” is to be introduced in a big policy announcement by Andy Burnham.
Trump reportedly rejects Iran’s seven-day peace deal to reopen strait of Hormuz
Iran is awaiting an official US response to its proposal to reopen the strait of Hormuz within a week and resume nuclear talks in return for the lifting of the US naval blockade of Iranian ports, as Donald Trump was re…
Fed Chair Warsh Delivers a Fresh, Clear Perspective
Economic data was a bit lighter this past week, but the new Fed chair held his first meeting and offered plenty to unpack on the health of the economy and future interest rate policy. As such, this edition of the Weekly…
Work intensifying on UK laws to stamp out concert ticket touts, say sources
The government has stepped up work on new laws to stop ticket touts fleecing fans , as the prime minister came under pressure from artists including the drummer from the Smiths, one of his favourite bands.
Timur Turlov, a representative from Kazakhstan, has been elected president of FIDE // Timur Turlov has become president of the International Chess Federation
A new president was elected at the General Assembly of the International Chess Federation (FIDE) in Samarkand. Timur Turlov, a representative from Kazakhstan, assumed the position. This was reported by the FIDE press se…
China, U.S. agree to $30 billion tariff cut, launch AI dialogue
U.S. and China have reached an eight-point consensus covering trade, artificial intelligence and broader economic ties following a three-day summit between President Donald Trump and Chinese President Xi Jinping.
Green shoots? Burnham cultivates rural links in attempt to ‘build back trust’ with farmers
As an arable farmer, Olly Harrison’s WhatsApp messages are normally concerned with the more mundane matters of working the land: logistics, supplies and the occasional chat about the weather.
Three-quarters of UK’s popular plug-in hybrid cars unable to use rapid chargers
Three-quarters of the 20 top-selling plug-in hybrid electric vehicles (PHEVs) in the UK cannot use rapid chargers, research has found, amid concerns that many are essentially “petrol cars pulling round a heavy battery”.
London transfer: is it time to kill off the Heathrow Express?
If Heathrow finally builds its third runway, Londoners can expect hundreds more planes flying overhead each day. But greater congestion on the ground will be a problem too. Under Heathrow’s £33bn expansion plan , 100,00…
Manchester City verdict: what happens next, will club appeal and could they be relegated?
Manchester City have been found guilty of the vast majority of the 134 disciplinary charges brought against them by the Premier League.
OpenAI bots meddled with multiple US government agency sites
OpenAI has acknowledged that it alerted "dozens" of global institutions that their websites may have been meddled with by its AI bots acting improperly.
Schoolchildren without smartphones penalised with higher bus fares
Schoolchildren who do not own smartphones face paying hundreds of pounds extra in annual bus fares as cheaper travel passes are digitised.
How drawn-out saga of Manchester City’s alleged cheating came to this
There is no episode in English football’s history that even resembles a precedent for the epic Manchester City disciplinary drama, which encapsulates the modern game at breaking point. Here was a grand, stoic old club, …
OpenAI says agents leaked 53 images from ChatGPT users in latest example of rogue activity
Disclosure reveals new area of privacy risk for the company and illustrates how difficult it is to inventory unauthorized activity tied to its agents
South Korean Won: Export strength supports KRW – Societe Generale
Societe Generale notes the Korean Won has been one of Asia’s standout performers, with USD/KRW slipping from around 1,390 to 1,360 as local exporters sold Dollars ahead of the Chuseok holiday. The bank highlights a supp…
Trump administration weighs options to curb record US diesel costs - Bloomberg
Iranian airlines continued operating international flights on Wednesday after a US deadline aimed at grounding the country’s fleet by sanctioning companies that provide services to its carriers, Bloomberg reported.
Bond rout in shorter-term maturities eases up, but U.S. yields end week with gains
Peak Fed hawkishness is likely behind us following the release of a soft June CPI inflation print. This reinforces our view that the Fed will keep rates on hold through the second half of 2026.
Chinese Yuan: PBoC keeps yuan broadly stable – Societe Generale
Societe Generale describes a limited impact from President Xi’s US visit, with no new tariff cuts or AI dialogue mechanism agreed as the trade truce was only extended to January. USD/CNY rebounded after briefly dipping …
Could an iced coffee freeze you out of the job market?
The question on the internet's lips this week started life, as many do, in a TikTok video.
Trump and Chinese president Xi end summit without major agreement on AI
Xi’s state visit to the US emphasized personal rapport with the US president, rather than substantial agreements to pause their respective countries’ AI arms race
Chinese Yuan: Consolidation with downside risk toward 6.7330 – UOB
UOB’s Quek Ser Leang and Lee Sue Ann describe USD/CNH as consolidating after a move to 6.7200, with momentum slowing in the very near term. For the coming days and weeks, they see the pair likely trading between 6.7120 …
The Ebola outbreak in the DRC has spread to two more health districts
The World Health Organization announced that the Ebola outbreak in the Democratic Republic of the Congo has spread to two more health districts in the country. The total number of affected areas has reached 63 across se…