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PM’s push to cut cost of living is threatened by rising inflation and higher government borrowing costsBank of England holds interest ratesBusiness live – latest updatesGood luck to Andy Burnham convincing voters he is giving them “breathing space,” if the Bank of England ratchets up interest rates in the coming months.That was the prospect opened up by Thursday’s minutes of the Bank’s monetary policy committee (MPC) meeting, which left rates unchanged at 3.75% – for now – but suggested policymakers may be unlikely to hold out much longer. Continue reading...

• Eurozone inflation rose to 3.2% over the twelve months ending in August, according to data from Eurostat. • The annual increase reached 3.2% as measured by the European Union's statistical office. • This rise in consumer prices affects the cost of living for millions of residents and influences interest rate decisions by the European Central Bank.

The Conservatives want to brand Burnham’s administration as a ‘traditional tax and spend socialist government’Good morning. With less than six weeks so go until the budget, economics is rising up the agenda at Westminster. The Bank of England is announcing its latest interest rate decision later – Graeme Wearden will have all the details on his business live blog – and Andrew Griffith is giving his first major speech since being appointed as shadow chancellor just over two weeks ago.Not surprisingly, Griffith is urging the chancellor, John Healey, to rule out tax rises in the budget. He has been doing interviews this morning and he told BBC Breakfast:The taxes or the fear of taxes … are driving really big taxpayers to leave our country for overseas, taking hundreds of millions of pounds of tax revenues that will pay for public services …The thing that they (the government) could do right now is take off the table the fears of ordinary small businesses, the self-employed, who are getting up now, going to work, and allow them to get on with their lives with confidence that the taxes are not going to go up.Only one party has ever rescued the country from trade union control. We’re ready to do so again.If you weren’t sure what kind of Labour government we have, or want to know what’s in store for you and your family finances, the news below is a big clue and it’s not good news Got no take on this particular candidate but worth noting that it’s been a tradition to have a trade union representative on the Court of the Bank for decades. Since the War I think. Continue reading...

• The 10-year US Treasury yield climbed to its highest level since 2007 amid a global bond selloff. • This rise is driven by soaring energy prices and booming capital investment that are increasing inflation. • Higher yields increase borrowing costs for businesses and consumers, tightening financial conditions across global markets.

• The US 10-year Treasury yield climbed to 5.041%, marking its highest level since July 2007. • Rising crude oil prices have strengthened market expectations that the Federal Reserve will increase interest rates. • Higher yields increase borrowing costs, which can reduce corporate spending and lower consumer demand during periods of inflation.

Financial markets predict one-in-five chance of quarter-point rise in interest rates when Bank of England decides on ThursdayBusiness live – latest updatesUK inflation has returned above 3% as soaring fuel and transport prices triggered by the Iran war heap renewed pressure on British households.Figures from the Office for National Statistics show inflation as measured by the consumer prices index rose from 2.9% in July to 3.1% in August. The increase, which matched City forecasts, was driven by motor fuel prices rising by almost a quarter. Continue reading...

• Indian Prime Minister Narendra Modi urged BRICS leaders to address geopolitical tensions, supply chain disruptions, and climate crises during a summit in New Delhi on Saturday. • The meeting focused on trade, investment, and global conflicts as the bloc seeks a larger role in shaping the global agenda for developing nations. • These instabilities threaten global stability and directly affect the daily lives of people worldwide.

• Crude oil futures rose at the start of the week after Saudi Arabia shut down its East-West Pipeline. • The shutdown followed a series of attacks that occurred last week. • This supply disruption increases the risk of higher energy costs for global markets.

• The State Election Commission released data on Saturday showing voter turnout rose to 73.5% across 309 urban local body elections. • This represents a 1.72 percentage-point increase over the 71.8% polling recorded during the previous election cycle. • The Jaipur Municipal Corporation saw its specific turnout rise to 63.5% from 58% in the 2020 elections held during the pandemic.

• Britain's GDP grew 0.4% in July as AI-focused services increased overall economic output. • Bloomberg Economics reports that these figures likely will not change the Bank of England's decision during next week's meeting. • A more resilient economy increases the risk of higher inflation, which may give the central bank more room to raise interest rates later this year if energy prices climb.

Operators blame lack of parking and councils bemoan lack of central regulation, as more than 3,000 badly parked bikes seizedLondon boroughs have seized at least 3,000 ebikes this year, a Guardian investigation has found, as hire companies face growing calls to stop bicycles littering streets and blocking pavements.Local authorities across the capital have seized 3,393 hazardously parked or abandoned ebikes so far this year, 23% higher than the number seized during all of 2025. Continue reading...

• NASA's James Webb Space Telescope and the Hubble Space Telescope recently completed a census of dozens of small, icy worlds located in the Kuiper Belt beyond Neptune. • The telescopes analyzed these distant objects to gather data on the composition and distribution of early planet formation materials. • These findings provide astronomers with a clearer understanding of the chemical makeup of the outer solar system's "deep freezer."

The deadly fire had begun in the ferry’s cargo hold, then tore through the ship within secondsThe bodies of passengers killed in a ferry fire off the Philippines arrived at a port near the resort town of Coron, Palawan, on Saturday morning, as the country’s coast guard warned the death toll of 35 would grow.Tents were being set up to receive 30 bodies brought from the M/V June Aster, which ran aground near the tourist hotspot after a fire erupted on Wednesday evening and tore through the vessel “in seconds”. Continue reading...

Australia is being exploited by an ally that could draw it, however unwillingly, into war with China, experts warnGet our new political email, free app or daily news podcast“Physical security matters,” said Kevin Rudd, at his axiomatic best before the National Press Club this week.“Our first responsibility is to secure our people’s future in this most contested region of the world.” Continue reading...

• Prime Minister Narendra Modi will host leaders from BRICS nations, including Vladimir Putin and Xi Jinping, for a two-day summit in New Delhi starting Saturday. • The meeting focuses on insulating developing economies from the economic impacts of conflicts in Ukraine and West Asia. • The summit aims to strengthen the voice of the Global South by addressing global trade disputes, energy security, and economic challenges.

• EL.En. reported a jump in profit for the first half of 2026, contributing to a 7% increase in its stock price. • Executives expect the second half of the year to be extremely strong due to medical division growth, industrial performance, and a recovery in Italy. • The company plans to close the divestiture, or sale, of its laser cutting business by the end of 2026, likely between October and December.

• The Indian Sensex rose 138 points and the Nifty closed at 23,477 on September 10, 2026, despite pressure from rising crude oil prices and geopolitical tensions. • Thailand's government is launching a $1.5 billion rooftop-solar support program starting in mid-October to increase household investment in renewable energy. • Vietnam and South Korea are speeding up negotiations on nuclear-power projects as Hanoi works to revive the country's nuclear energy sector.

• The Indian stock market rose today, with the Nifty index climbing above 23,450 and the Sensex increasing by more than 100 points. • State Bank of India (SBI) and ONGC were the top gaining stocks, while the NSE Nifty IT Index fell 0.5%. • These gains occurred despite a cautious global mood that saw Japan's Nikkei 225 decline 0.71% and Australia's S&P/ASX 200 fall 1.38% due to rising crude prices and US-Iran tensions.

• Singapore enterprises are attempting to scale artificial intelligence but face production adoption hurdles due to constraints in data, security, infrastructure, and energy. • Organizations are shifting away from isolated AI tools toward integrated combinations of cloud infrastructure, data management, cybersecurity, and endpoint hardware. • These readiness gaps threaten the ability of businesses to move AI from experimental phases into full-scale operational use.

• Executives from TF1, Globo, and Prime Video discussed the disappearing divide between traditional broadcasters and streaming services at the Lumière Summit. • Belmer noted that global subscription streamers have already been integrated into the cultural financing system in France. • This shift forces traditional TV networks to transition from viewing streamers as rivals to treating them as strategic partners to survive.

The breakdown of the US-Iran ceasefire, rising oil prices and the explosion in data centre investment are making the central bank’s task harderFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastFor five years the Reserve Bank has been trying to wrangle inflation back to its 2.5% target, and for years it has essentially failed.The result is a cost of living crisis that has generated intense community grievance. Continue reading...

• Eurowag reported growth for the first half of 2026 driven by an increase in platform usage. • The company is shifting toward indirect sales and digital onboarding to reduce the cost of acquiring every new customer. • This transition to digital tools aims to lower operational expenses while providing mutual cost benefits for both the company and its clients.

• Broadcasters and streamers, including TF1 and Prime Video, are forming partnerships as the traditional divide between old TV and streaming breaks down, with YouTube rising in prominence. • The imbalance between global subscription streamers and traditional broadcasters is notable, particularly in France where streamers have already been incorporated into the country's cultural financing system, according to Belmer. • This shift means that consumers can expect more collaborative content and distribution deals between traditional broadcasters and streaming services, potentially changing how they access and watch their favorite shows.

Country loses 200 tennis courts in three years, but they still outnumber padel facilities by a factor of 11 to oneEngland has lost almost 200 tennis courts in three years as padel facilities have grown nearly sixfold.Guardian analysis of Sport England data found that the country has lost 183 tennis courts since 2023 – the first such decline since at least 2000. The data includes local authority and community-owned courts, privately run health facilities, schools and sports clubs. Continue reading...

• Indian stock markets showed early strength on Friday, with the Sensex rising 500 points and the Nifty50 approaching the 23,900 mark during the pre-open session. • This positive momentum aligns with gains across Asia-Pacific markets, including Japan’s Nikkei 225 and South Korea’s Kospi, which rose by 0.68% and 1.01% respectively. • The rally is driven by easing fears of US monetary tightening following comments from Fed Governor Christopher Waller, who indicated comfort in holding interest rates steady if inflation remains stable.

US energy department warns of potential for outages in PJM Interconnection, serving 67 million from DC to ChicagoThe risk ⁠of power outages ⁠is expected to ​escalate across a broad swath of the United States on Wednesday as intense heat will test the capacity of electricity supplies ⁠serving millions of homes and businesses from the midwest through the mid-Atlantic.The US Department of Energy warned of the potential for heightened blackout risks in ⁠the PJM Interconnection, the largest US electric grid, which serves 67 million people in ​a territory stretching from Washington DC to ‌Chicago. Continue reading...

• Tech companies raised $4.8 billion in equity funding during Q3 2026, marking a significant increase in investor activity. • This figure represents a 21.09% rise compared to the $4 billion raised in Q2 2026. • The surge indicates a strengthening appetite for technology investments and a potential recovery or acceleration in the venture capital landscape.

• Geopolitical shocks and global conflicts are severely undermining Africa's climate goals by triggering widespread economic and environmental disruption. • These distant crises drive up inflation and increase the cost of energy, diverting critical funding away from vital climate resilience projects. • The situation is critical because it stalls the continent's ability to adapt to climate change, leaving vulnerable populations more exposed to natural disasters.