Trump to hit India with 25% tariffs – plus ‘penalty’ for trade with Russia
The US president said the measures would take effect from from 1 August, the US deadline for a trade deal. Read More
Taylor Wimpey’s profits wiped out by fixing cladding
The cost of removing cladding was higher than the housebuilder expected after reaching £222m. Read More
Pea shortage fears over earliest harvest in years
Farmers say they have seen a drop of up to 30% drop in the number of peas picked this year. Read More
Starbucks ditches pickup-only stores as they ‘lack warmth’
The firm’s boss made the comments after it revealed that same-store sales had fallen for a sixth quarter in a row. Read More
No deal on China tariffs until Trump agrees, says Bessent
China’s trade negotiator said both sides agreed to push to preserve a trade war truce. Read More
IMF upgrades global growth forecast as tariffs ease
A softening of Trump tariffs since April means global growth could be stronger, the IMF says Read More
Wegovy maker warns of slower profits as rivals bite
The Danish weight loss drug-maker claims “knock-off” treatments are hitting growth. Read More
High meat and tea costs drive up food prices
Food prices rose by 4% in the year to July, according to the British Retail Consortium. Read More
Anglian Water to pay £62.8m over wastewater failures
The firm agrees to fund improvements after Ofwat discovered “excessive spills from storm overflows”. Read More
US rail merger could create first coast-to-coast freight service
Union Pacific agrees to buy Norfolk Southern, establishing a $250bn colossus with 50,000 miles of track. Read More