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
US companies up against ‘nightmare’ tariff wall
Businesses both small and large are already reckoning with Trump’s tariffs, and new levies are set to start this week. Read More
France and Germany lead downbeat EU response to US trade deal
France describes it as a “submission”, though there is relief in Europe that a trade war has been averted. Read More
Cornish tin mine to get £28.6m government investment
Chancellor says Cornwall has been neglected by successive governments but has potential to grow. Read More