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'Bit of pain' worth long-term security from Iran, Bessent tells BBC

Scott Bessent said a "small bit of economic pain" was worth it to eliminate the threat of Iranian strikes on Western capitals. [...]

UK faces biggest hit to growth from Iran war of major economies, IMF says

The financial body cuts its growth forecast for the UK and warns the war threatens to throw the global economy "off course". [...]

Households could get free electricity for doing washing on sunny weekends

Providers can encourage people to use energy when "weather conditions result in excess supply". [...]

Fuel prices stop rising after 43 days of increases, RAC says

The motoring group says prices could start to come down over the next couple of weeks. [...]

Oil prices continue to fall on hopes of new US-Iran peace talks

Crude prices fell back below $100 a barrel as markets hope an agreement can be reached between the two sides. [...]

- Richard Partington in Washington and Kiran Stacey
Iran war escalation could trigger global recession, IMF warns

Growth forecasts cut for US and global economy, while UK suffers sharpest downgrade in G7Reeves arrives at IMF with little leeway to prove its UK downgrade wrongA further escalation in… [...]

- Lisa O’Carroll
UK steel exports to EU at risk as bloc doubles tariffs and halves quotas

Decision to reduce duty-free quotas by 47% aimed at curbing Chinese importsThe EU is to go ahead with plans to double tariffs and halve quotas on imports of steel from… [...]

- Isaaq Tomkins and Damien Gayle
South East Water chief executive to forgo his bonus over ‘unacceptable outages’

David Hinton will receive only his £400,000 salary this year after thousands of customers were left without waterThe chief executive of South East Water has said he will forgo his… [...]

- Jillian Ambrose Energy correspondent
Run the dishwasher, plug in the car: how Great Britain plans to use record wind and solar power

With a summer glut on cards, customers are being urged to use more energy when renewables are abundantGreat Britain households to be urged to use more power this summer as… [...]

- Mark Sweney
Telegraph takeover by German buyer cleared by culture secretary

Lisa Nandy says there are no grounds to refer Axel Springer deal to Ofcom, ending almost three years of uncertainty for titlesBusiness live – latest updatesThe culture secretary has cleared… [...]

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- Business Wire
First Trust Global Portfolios Management Limited Announces Distribution for certain sub-funds of First Trust Global Funds plc

First Trust Global Portfolios Management Limited (“FTGPM”) announces the declaration of the monthly distribution for First Trust Vest S&P 500® Dividend Aristocrats Target Income UCITS ETF (the “Fund”). ISIN Fund… [...]

- Business Wire
AngloGold Ashanti Holdings plc Announces Pricing of Capped Cash Tender Offers for Part of Its 3.375% Notes Due 2028, 3.750% Notes Due 2030 and 6.500% Notes Due 2040

AngloGold Ashanti Holdings plc (the “Offeror”), a company incorporated under the laws of the Isle of Man, announces today the pricing of the previously announced capped cash tender offers that… [...]

- Business Wire
The 2026 Japan Prize Award Ceremony Is Held With Their Majesties the Emperor and Empress of Japan in Attendance

Cynthia Dwork, Ph.D. in the Field of Electronics, Information, and Communication Shizuo Akira, Ph.D. and Zhijian “James” Chen, Ph.D. in the Field of Life Science [...]

- Business Wire
Zaheer Ebtikar Joins Plasma as Chief Strategy Officer, Strengthening Leadership Ahead of Plasma One Launch

Plasma, the company behind the first stablecoin-native neobank and the infrastructure powering it, has announced the appointment of Zaheer Ebtikar as Chief Strategy Officer. The appointment reinforces Plasma’s commitment to… [...]

- Steve Dinneen
A Doll’s House at the Almeida: Thrilling, steamy and ambitious

A Doll’s House | Almeida | ★★★★☆ As Oscar Wilde probably never said, “Everything in the world is about sex, except sex. Sex is about power.” I can’t think of… [...]

- Craig Paton
‘Aberdeen should be booming’ says Trump, as he pushes for more North Sea oil

The US president has repeatedly attacked UK energy policy. [...]

- Nick Lester
Middle East conflict sparked major supply shock, says Bank of England boss

Andrew Bailey made his comments as the UK was given a gloomy economic outlook by the International Monetary Fund. [...]

- Henry Saker-Clark
UK economy faces hardest hit of G7 from Iran war says IMF as growth forecast cut

Chancellor Rachel Reeves said the war ‘will come at a cost to the UK’ following the IMF’s gloomy outlook. [...]

- Jeremy Cutler
Stocks rise, oil falls, on fresh Middle East hope

The FTSE 100 closed up 26.10 points, 0.3%, at 10,609.06. [...]

- Rebecca Speare-Cole
South East Water chief to forgo bonus following Kent and Sussex water outages

Chief executive David Hinton, who receives a £400,000 salary, said he has made the decision not to receive any performance payment this year. [...]

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