Business

Slower inflation growth eases pressure on US Fed to hike interest rates

US inflation grew at a slower pace than expected in July, according to the latest government figures, easing pressure on the Federal Reserve to deliver…

Student loan interest rates slashed for second time amid cost of living crisis

Student loan interest rates in England and Wales are set to be cut for a second time to protect borrowers from rising inflation amid the cost of living…

Treasury recruits Court quartet in Bank of England shake-up

The Treasury is to name a quartet of new directors to the Bank of England's governing body as debate rages about the central bank's remit under a new…

Tui reveals £63m hit from recent travel chaos

Tui has revealed a €75m (£63m) hit from the recent travel chaos.

Royal Mail workers to stage strikes over four days in call for 'dignified, proper pay rise'

Royal Mail workers are set to stage four days of strikes in the coming weeks in a dispute over pay.

Energy bills expected to hit £4,200 in January, according to dire new forecast

Energy bills are expected to rise even further this winter than previously thought, according to the latest forecast from energy consultancy Cornwall…

'Nobody expected to be hit with this crisis': Hospitality businesses call for urgent VAT cut

Business leaders are calling on the government to urgently cut VAT, as they struggle with increasing costs.

Felixstowe port strike to go ahead after talks break down

An eight-day strike at the UK's biggest container port will go ahead after talks between bosses and unions broke down.

Events start-up Pollen on brink of collapse months after $150m fundraising

A taxpayer-backed events start-up that has sold travel experiences featuring Duran Duran and Justin Bieber is on the brink of collapse just months…

Holiday Inn owner IHG announces share buyback after travel rebound

InterContinental Hotels Group has announced a share buyback programme of $500m (£414m) and resumed its interim dividend after reporting healthy…

Retail sales boosted by warm weather but inflation worries loom

The summer heatwave prompted shoppers to spend more on summer clothes, picnic food and air conditioning in July, according to the latest figures.

Campaigners call for 25p cut in fuel duty to reduce cost of living crisis

Campaigners have demanded a 25p cut in fuel prices to help reduce the cost of living.

Zara loses name-change bid against owner of small fashion firm House of Zana

A small fashion business has triumphed over Zara after the fashion giant tried to get it to change its name.

Who is going on strike in August and for how long

Workers in many sectors are ramping up their calls for better pay and conditions, particularly as the cost-of-living crisis starts to bite.

Ex-chancellor Lord Hammond enlisted by new £1bn UK fintech fund

Lord Hammond, the former chancellor, is among a host of heavyweight figures being enlisted to back a new £1bn fund aimed at accelerating the expansion…