Asda owners probed over action to curb price rises
MPs have questioned Asda over whether issues over its finances are stopping it doing more to tackle soaring prices. In a letter to one of its co-owners, the chair... Read more
MPs have questioned Asda over whether issues over its finances are stopping it doing more to tackle soaring prices. In a letter to one of its co-owners, the chair... Read more
Country Garden, one of China’s biggest property developers, has become the latest real estate giant to warn that it could default on its debts. This came as the crisis-hit... Read more
Workers at two large liquefied natural gas (LNG) plants in Australia are set to go on strike from 7 September, in a move that could drive up global prices.... Read more
Wholesale gas prices in Europe have fallen after a planned strike at Australia’s largest liquefied natural gas plant looked to have been averted. The walkout at Woodside Energy’s North... Read more
The US Federal Reserve chairman has said the central bank will continue to raise interest rates “if appropriate” as inflation remains “too high”. Jerome Powell told an annual gathering... Read more
Inflation slowed last month due to lower energy costs but pressure remains on households with food, restaurant and hotel costs staying high. The inflation rate, measuring price changes over... Read more
Singapore police have seized about S$1bn ($735m; £578m) – including luxury homes, cars and watches – in one of its biggest anti-money laundering probes. Gold bars, designer handbags, wine... Read more
President Joe Biden sought to ramp up pressure on the United Auto Workers union and the nation’s three unionized automakers – Ford, General Motors, and Stellantis, known as the... Read more
Wages grew at a record annual pace between April and June, according to new figures from the Office for National Statistics. Regular pay grew by 7.8%, the highest annual... Read more
Italy has passed a one-off 40% tax on the profits banks earn from higher interest rates, in a shock move that has seen shares plummet. A hike in official... Read more