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Only the Middle East crisis is preventing a drop in UK interest rates
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The Guardian · World

Only the Middle East crisis is preventing a drop in UK interest rates

Bank’s wariness about inflationary pressures from the conflict lie behind decision to hold steady at 3.75%Business live – latest updatesThere is a threat of high inflation coming to the UK but only from the conflict in the Middle East, which could keep oil prices high for much longer than was expect...

Phillip Inman
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HMRC fines Airbus £6.4m for breaching rules on export of sensitive technology
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The Guardian · World

HMRC fines Airbus £6.4m for breaching rules on export of sensitive technology

Company self-reported offences that led to tax authority’s largest out-of-court settlement for such breachesAirbus has been fined £6.4m in the UK after the European aerospace company admitted to multiple breaches of rules designed to stop sensitive goods such as military hardware falling into the wr...

Rob Davies
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Record absence of world’s oldest head of state reignites health speculation
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The Guardian · World

Record absence of world’s oldest head of state reignites health speculation

Cameroon’s president has not made statement or been seen since leaving for ‘brief private stay’ at Swiss hotel on 7 JuneA record 53-day absence of the world’s oldest head of state has renewed speculation in his native Cameroon about whether he is dead or alive, even though discussing his health is i...

Giovanni Wanneh in Buea and Eromo Egbejule in Accra
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Firefighters race to extinguish blazes across EU as fire weather breaks records
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The Guardian · World

Firefighters race to extinguish blazes across EU as fire weather breaks records

European Forest Fire Information Service figures show conditions in EU 43% more severe than for same period in last 20 years Fire weather in the EU has broken records for severity for this time of year, new data shows, as firefighters race to extinguish blazes across the Mediterranean.Inflamed by ca...

Ajit Niranjan
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Embattled German chancellor chooses papal pageturner for his beach read
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The Guardian · World

Embattled German chancellor chooses papal pageturner for his beach read

With his popularity at historic lows, Friedrich Merz seeks spiritual guidance from Pope Leo’s encyclical on AISummer is normally thought of as the time for pacy potboilers and brain-soothing pageturners – airport reads that wind up sandy and sunscreen-stained. Not so for Friedrich Merz’s holiday rea...

Deborah Cole in Berlin
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Flock surveillance cameras can pose a crash risk for drivers, US experts say
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The Guardian · World

Flock surveillance cameras can pose a crash risk for drivers, US experts say

Roadside safety advocates say some automated license plate readers may not meet highway safety standardsFlock Safety cameras have been pilloried for facilitating the AI-powered surveillance of private citizens and for targeting immigrants for years. But now safety advocates are also claiming that th...

Stephen Starr in Beavercreek, Ohio
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Profits boost for defence firms as governments beef up spending
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The Guardian · World

Profits boost for defence firms as governments beef up spending

Shares in Rolls-Royce jump by 5.5% after it lifts earnings guidance, while BAE Systems also upgrades profit forecastsBusiness live – latest updatesRolls-Royce and BAE Systems are expecting higher profits as governments around the world boost their defence spending.Both companies lifted their earning...

Jasper Jolly
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Bank of England holds interest rates at 3.75% as inflation fears mount
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The Guardian · World

Bank of England holds interest rates at 3.75% as inflation fears mount

Split vote comes as Iran war is rekindled and oil price climbs back above $90 a barrelThe Bank of England has kept UK interest rates on hold as fears mount over rising inflation triggered by the Iran war.Against a volatile backdrop in the Middle East conflict, the Bank’s monetary policy committee vo...

Richard Partington Senior economics correspondent
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Book returned to Australian library – 150 years overdue
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The Guardian · World

Book returned to Australian library – 150 years overdue

The book, Antiquities of Athens, was handed back to Kiama library by a man who found it bricked into a wallAn Australian public library has had a book returned an estimated 150 years late after being found behind a wall during a home renovation.The book, Antiquities of Athens, published in 1858, was...

Associated Press
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