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Rate hikes, rising inflation and difficult decisions: key takeaways from Jim Chalmers’ budget update

Rate hikes, rising inflation and difficult decisions: key takeaways from Jim Chalmers’ budget update

Treasurer says his Myefo, which shows a small improvement in the budget bottom line, is “the most responsible” on recordGet our breaking news email, free app or daily news podcastJim Chalmers has claimed “the most responsible mid-year update on record”, unveiling a multibillion-dollar improvement in

UK insists US tech deal not dead as Trump threatens penalties against European firms

UK insists US tech deal not dead as Trump threatens penalties against European firms

Keir Starmer’s office claims UK still in ‘active conversations’ about deal for tech industries in both countries to cooperateDowning Street insists the $40bn Tech Prosperity Deal between the US and UK that is on hold is not permanently stalled. The BBC reported on Tuesday evening that the prime mini

Former chancellor George Osborne joins OpenAI

Former chancellor George Osborne joins OpenAI

Osborne said it was a privilege to become managing director of OpenAI for Countries based in London.

EU to regulate short-term rentals in plan to tackle affordable homes shortage

EU to regulate short-term rentals in plan to tackle affordable homes shortage

Soaring rents and housing costs have priced out young people, key workers and families from many European cities The European Commission has announced it will regulate short-term rentals and seek to curb speculation in the housing market, under the EU’s first-ever plan to tackle a shortage of afford

EU plans to water down ban on new petrol and diesel cars

EU plans to water down ban on new petrol and diesel cars

Commission proposes cutting obligation for 100% zero emission vehicles beyond 2035 to 90% after pressure from industry and some EU statesThe EU has confirmed it wants to water down its landmark 2035 ban on the sale of new petrol or diesel cars, yielding to heavy pressure from the car industry and le

Employment Rights Bill clears last parliamentary hurdle

Employment Rights Bill clears last parliamentary hurdle

Business Secretary Peter Kyle he was "delighted" the bill had completed its passage through the House of Lords.

Universal Studios UK theme park given planning permission in Bedfordshire

Universal Studios UK theme park given planning permission in Bedfordshire

Attraction part-funded with £500m of public investment will be constructed on site of a former brickworksThe UK’s first Universal Studios theme park has been granted planning permission by the government to begin construction.The attraction, which is being part-funded with £500m of public investment

EU waters down plans to end petrol and diesel car sales by 2035

EU waters down plans to end petrol and diesel car sales by 2035

Carmakers, particularly in Germany, have lobbied heavily for concessions to the planned rules.

EU waters down plans to end new petrol and diesel car sales by 2035

EU waters down plans to end new petrol and diesel car sales by 2035

Carmakers, particularly in Germany, have lobbied heavily for concessions to the planned rules.

Norway’s national oil company facing £53m penalty for oil spills and gas leaks

Norway’s national oil company facing £53m penalty for oil spills and gas leaks

Equinor accused of ‘extensive and long-term pollution’ caused by years of inadequate maintenanceNorway’s national oil company, Equinor, is facing a £53m penalty for oil spills and gas leaks at the oil-rich Scandinavian state’s only refinery, which officials said were the result of years of inadequat

EU to water down landmark ban on new petrol and diesel cars

EU to water down landmark ban on new petrol and diesel cars

Move lets 10% of cars escape zero-emissions ban beyond 2035 after heavy pressure from car industry and some EU statesThe EU has confirmed it will water down its landmark 2035 ban on the sale of new petrol or diesel cars, yielding to heavy pressure from the car industry and leaders from several EU me

US lost 105,000 jobs in October and added 64,000 in November, according to delayed data

US lost 105,000 jobs in October and added 64,000 in November, according to delayed data

Data shows the headline unemployment rate continued to climb and hit 4.6%, a four-year high, last monthThe US labor market grew by more than expected last month, recovering some of the damage inflicted by the federal government shutdown, according to official data.An estimated 105,000 jobs were lost

Electricity generation costs would be a third lower with 82% renewable grid, CSIRO says

Electricity generation costs would be a third lower with 82% renewable grid, CSIRO says

Modelling suggests by 2050 main electricity market could run almost entirely on renewables without increase in generation costGet our breaking news email, free app or daily news podcastThe cost of generating electricity in an Australian grid powered by 82% renewable energy would be a third cheaper t

Water levels across the Great Lakes are falling – just as US data centers move in

Water levels across the Great Lakes are falling – just as US data centers move in

Region struggling with drought now threatened by energy-hungry facilities – but some residents are fighting backThe sign outside Tom Hermes’s farmyard in Perkins Township in Ohio, a short drive south of the shores of Lake Erie, proudly claims that his family have farmed the land here since 1900. Tod

Government considers advertising or subscription model for BBC

Government considers advertising or subscription model for BBC

It has published a consultation document - or green paper - laying out plans to futureproof the BBC.

Adverts and subscription model for BBC considered by ministers to boost funding

Adverts and subscription model for BBC considered by ministers to boost funding

It has published a consultation document - or green paper - laying out plans to futureproof the BBC.

Universal's first UK theme park given planning permission

Universal's first UK theme park given planning permission

The park is expected to attract more than eight million annual visitors and open in 2031.

Young workers hit hard as UK unemployment rate rises to 5.1%

Young workers hit hard as UK unemployment rate rises to 5.1%

UK job vacancies flatline in a "subdued labour market", but average earnings still higher than inflation.

UK unemployment rate rises to 5.1%

UK unemployment rate rises to 5.1%

Unemployment rises again as job vacancies flatline in a "subdued labour market", but average earnings still higher than inflation

Bentleys and Scottish salmon to benefit from UK-South Korea trade deal

Bentleys and Scottish salmon to benefit from UK-South Korea trade deal

The government said the deal was an extension of its current tariff-free arrangement on most goods and services traded between the countries.

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