Business News

Morrisons says it is to shut "loss-making" convenience stores, placing hundreds of jobs at risk.

A growing number of UK households are dipping into savings as rising costs linked to the US-Iran war pile pressure on family budgets, according to a closely-watched survey as official figures chart a collapse in fuel sales.

Rachel Reeves' Great British Summer Savings, a family-friendly bundle of VAT cuts for kids' meals and leisure attractions, and free bus travel to get to there, is reminiscent of a previous Treasury wheeze intended to lift spirits in a troubled summer - think Eat Out To Help Out, without social distancing or gnawing anxiety.

Elon Musk has revealed plans for a stock market flotation of SpaceX that looks set to raise a record sum and could make him the world's first trillionaire.

Tech giant Meta has laid off 10% of its workforce - as chief executive Mark Zuckerberg warns that "success isn't a given".

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The world's most valuable company has reported another series of record-breaking and expectation-defying results, easing fears, for now, of a slowdown in the AI boom.

The government has moved to distance itself from reported efforts to introduce price caps on key supermarket products, such as eggs, bread and milk, in return for the easing of some regulations.

The UK government has watered-down sanctions on Russia, allowing diesel and jet fuel from Russian crude oil to enter the UK if it is refined in other countries.