Business News

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 another super-sized interest rate hike.

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 Conservative prime minister.

Crisis talks will take place between energy sector bosses and the government tomorrow after the price cap was forecast to hit more than £4,200 in January.

Royal Mail has accused a union of abdicating its responsibility after announcing four days of industrial action.

Domino's has closed the last of its 29 stores in Italy, marking the end of an ambitious plan to launch American pizza in the culinary dish's ancestral home.

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

Elon Musk has sold $6.9bn (£5.7bn) of shares in his electric vehicle maker Tesla as his battle against Twitter continues.

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

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

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 crisis.