July

Average gas and electricity bill to jump to £1,862 a year from July until end of September, in part because of Iran warHouseholds will face the steepest summer rise in energy charges in four years after months of soaring market prices caused the government’s energy price cap for Great Britain to climb by 13%.Under the cap the average gas and electricity bill will increase to the equivalent of £1,862 a year from July until the end of September to take account of the rise in global energy market prices caused by the war on Iran. Continue reading...

Australia now a top-three global player in batteries, and renewable energy met nearly half of the nation’s power in 2025Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastEnergy bills for households and small businesses will fall by up to 10% per cent in July across parts of the eastern states, as a new industry survey shows record levels of renewables and batteries in the power grid.The final default market offer, which sets out the maximum amount retailers can charge on plans, shows price reductions for households and even bigger drops for small businesses. Continue reading...

• India is set to launch its first-ever Index of Services Production (ISP) around July to track short-term production movements in the services sector. • The ISP will complement a new Index of Industrial Production (IIP) series, which is scheduled for release on June 1 using a revised base year of 2022-23. • This initiative is critical because the services sector now contributes more than half of India's GDP and serves as a primary driver for millions of jobs.

Cornwall Insight predicts rise in price cap of nearly 13% in Great Britain as Iran war pushes up gas costsBusiness live – latest updatesHouseholds in Great Britain could see their energy bills increase by over £200 a year to almost £1,900 from this summer in “a kick in the teeth” for millions struggling with the cost of living crisis.A typical gas and electricity bill is now forecast to reach £1,850 a year from July under the industry regulator Ofgem’s quarterly price cap, according to analysis by the energy consultancy Cornwall Insight. Continue reading...

• A high-profile fight is set for July 4, announced by organizer White in a Tuesday interview, involving notable political personalities. • Event draws attention for blending sports and politics during Independence Day celebrations. • Could boost fundraising for related campaigns while entertaining national audience.

• President Trump announced a July 4, 2026 deadline for the European Union to reach a comprehensive trade deal, according to remarks made during a Tuesday morning interview. • The ultimatum signals Trump's intent to accelerate trade negotiations and establish concrete timelines for resolving transatlantic trade disputes. • The deadline creates urgency for EU officials to engage in substantive negotiations, though some analysts question whether the timeframe is realistic given the complexity of trade agreements.

Trump sets Fourth of July deadline as he vents impatience at speed of EU’s implementationDonald Trump has said the EU must ratify its trade deal with the US by 4 July or face “much higher” tariffs, after European officials fell short of agreement on the pact.Trump said he spoke to the EU chief, Ursula von der Leyen, about the issue and, he posted on his Truth Social platform, “agreed to give her until our Country’s 250th Birthday or, unfortunately, their Tariffs would immediately jump to much higher levels”. Continue reading...

• The Nasdaq achieved its 12th consecutive daily gain on Thursday, marking the longest winning streak since July 2009, as easing Middle East tensions and strong corporate earnings sustained broad market momentum. • The S&P 500 closed at a new record of 7,041.28, while the VIX declined to 17.94, reflecting reduced market volatility amid improved geopolitical sentiment. • TSMC's blowout Q1 results—with net profit rising 58.3% year-over-year to a record level and revenue of $35.9 billion—added significant momentum, confirming sustained AI-driven chip demand across the technology sector.

After suspending routes owing to Iran war, airline will operate more direct flights to India and KenyaMiddle East crisis – live updatesBritish Airways will offer a reduced flight schedule to the Middle East when it resumes services in July, and use the aircraft to operate more direct flights to India and Kenya.The airline has currently suspended services to the region because of the Iran war, and plans to resume flights to Saudi Arabia’s capital Riyadh in mid-May, as well as services to Dubai, Doha and Tel Aviv on 1 July. It is cutting its Dubai flights from three-a-day to one daily flight, and reducing services to Doha, Tel Aviv and Riyadh from two to one a day. Continue reading...

Increased output from wind generation and batteries, and falling electricity contract prices, are expected to deliver lower energy billsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastPower prices on Australia’s east coast are predicted to fall from July due to increased output from wind generation and batteries, and falling electricity contract prices, with potential savings up to $1,320 for some small businesses.In a draft decision on Thursday, the Australia Energy Regulator (AER) proposed a price reduction for customers on standing electricity plans - known as the “default market offer” - of between 1.3% to 10.1% for residential customers, and between 8.5% and 21.2% for small businesses, depending on the region. Continue reading...