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Oil prices surge as US strikes Iran, reversing slide to pre-war levels

Brent crude rises above $76 a barrel for the first time in two weeks amid renewed violence in Strait of Hormuz.

After thousands of layoffs, Microsoft’s cost cutting drive hits OpenAI and Anthropic

Microsoft is replacing external AI models with its own internally developed systems. This strategic shift aims to significantly reduce operational costs for the tech giant. Tens of thousands of AI prompts are now handled by Microsoft's own MAI models. The company is developing competitive AI capabilities at a much lower expense. This move aligns with a stated goal to decrease financial dependence on outside AI labs.

Vast majority of London jobs ‘at risk’ in looming AI bloodbath, new report warns

The vast majority of London jobs are at risk of being replaced by artificial intelligence (AI), a new report has warned.The Organisation for Economic Co-operation and Development (OECEDt) has warned that three in four jobs in the capital are under threat from generative AI - more than any other city in the developed world.That includes major US hubs such as New York and San Francisco, as well as European capital such as Paris and Berlin.London has a high proportion of jobs in finance, profession...

Karmelo Anthony seeks new trial after 35-year sentence in killing of Austin Metcalf

Defense attorneys say prosecutors coerced Anthony, 19, into waiving his right to testify, and cite additional reasonsKarmelo Anthony’s legal team is seeking a new trial and the recusal of a state judge a month after a Texas jury convicted the 19-year-old of murder and sentenced him to 35 years in prison for the fatal stabbing of Austin Metcalf, 17, at a track meet in 2025.In a Tuesday motion, Anthony’s defense attorneys argued that their client’s conviction should be overturned because prosecuto...

Hundreds of jobs at risk as John Lewis plans to cut some services

Hundreds of jobs at risk as John Lewis plans to cut some servicesImage source, Bloomberg via Getty ImagesByMitchell LabiakBusiness reporterPublished1 minute agoAround 200 John Lewis staff could lose their jobs as the retailer looks to close its in-store money exchange services and dedicated gift wrapping areas.No final decision has been made but the job cuts will happen in the autumn if the redundancy plans it is consulting on are approved.John Lewis said the decision to close its in-store burea...

India moves up 2 places in FDI inflow ranking

New Delhi: India moved up two places to emerge as the 11th biggest recipient of foreign direct investment (FDI in 2025, with inflows jumping 44% to $39 billion. The country is emerging as a preferred destination for investments in electronics, automobiles material and industrial manufacturing, the latest World Investment Report said.

Australian house prices are falling but have still more than doubled over the past decade

The average dwelling price in Australia has risen to more than 17 years of a typical household’s disposable incomeWant to get more charts in your inbox every fortnight? Sign up for The Crunch hereHouse prices dropped across several Australian capital cities in recent months, with major banks predicting falls of 2-3% by the end of the year.But after a decade of accelerating house prices, this wouldn’t make a significant dent in housing affordability. Continue reading...

Britain just can't afford up to £100m a year to give round-the-clock protection to what will soon be NINE living ex-Prime Ministers: DAI DAVIES

Britain just can't afford up to £100m a year to give round-the-clock protection to what will soon be NINE living ex-Prime Ministers: DAI DAVIESBy DAI DAVIES FOR THE DAILY MAIL Published: 00:38, 8 July 2026 | Updated: 00:38, 8 July 2026 e-mail View comments

Reform asks NCA to investigate leaks of private financial information

Reform asks NCA to investigate leaks of private financial informationImage source, EPAByJack FenwickPolitical correspondentPublished1 minute agoReform UK Deputy leader Richard Tice has written to the boss of the National Crime Agency (NCA) asking if he will investigate whether the body is responsible for leaking his private financial information to the media.Payments made to his organisations were flagged to the NCA as part of its Suspicious Activity Reports programme, something Tice says he onl...

Govt urges USTR to review its move to levy new tariffs

NEW DELHI: Govt has asked the US Trade Representative (USTR) to reconsider its proposal to impose 12.5% additional tariff on Indian products for allegedly failing to act against forced labour, arguing that the move does not meet legal standards, lacks country-specific analysis and fails to establish causal link between absence of import prohibitions and its impact of US business.

Why replacing leasehold may be easier said than done

Why replacing leasehold may be easier said than donePublished1 minute agoByTarah WelshHousing reporterWhen Sally, 74, bought her two-bedroom flat in 2021, she hoped it would be the home she could peacefully retire in.But she says buying a leasehold home has led to terrible stress.There are around five million leaseholders in England and Wales. Sally is one of over 1,000 people the BBC spoke to in an attempt to understand the pressures on leaseholders. Most said that fast rising service changes a...

‘Absolutely bananas’: San Francisco homes sell for $1m above asking price amid AI boom

Report finds widespread overbidding as rapid AI growth generates increased wealth in city where housing is scarceSan Francisco’s AI boom has buyers spending unprecedented amounts of money on homes – much more than sellers are asking for.A new analysis from real-estate brokerage Compass, found that in the first half of 2026, more than 140 homes in the city sold for at least $1m above their asking price, 44 of them in June alone. Continue reading...

Donald Trump celebrates 'really big deal' as Toyota confirms $3.6bn Texas investment - 'Tariffs at work!'

Donald Trump has thanked Toyota for its massive $3.6billion investment in its plant in Texas, with the President arguing that the funding was proof that his tariffs were working.Toyota has announced a huge investment of $3.6billion (£2.7billion) into its San Antonio plant in Texas, including the establishment of a second vehicle assembly line.The newly established line is scheduled to begin operations in 2030, will create over 2,000 new jobs and add 2.5 million square feet to Toyota Texas.It wil...

Corner shops fight back against recycling scheme that is 'crippling' them as they lose money due to costs of providing service - while Re-Turn firm held over 60million euro in unclaimed deposits in one year alone

Corner shops fight back against recycling scheme that is 'crippling' them as they lose money due to costs of providing service - while Re-Turn firm held over 60million euro in unclaimed deposits in one year aloneBy GARRETH MACNAMEE Published: 23:11, 7 July 2026 | Updated: 23:11, 7 July 2026 e-mail

من مفلس إلى ملياردير: قصص ملهمة لن تصدق أنها حقيقية!

اكتشف كيف تحول هؤلاء الأفراد من الفقر إلى الثراء الفاحش بفضل إصرارهم وطموحهم. قصص مذهلة تثبت أن الحلم ممكن مع العمل الجاد!

From Rags to Riches: The Jaw-Dropping Journeys of Self-Made Billionaires

Discover the astonishing stories of self-made billionaires who turned their financial struggles into monumental successes. These inspirational tales will ignite your entrepreneurial spirit and show you that dreams can indeed be realized against all odds!

Migrant workers are still bringing in as many as 15 family members despite Government crackdown

The Home Office granted 12 health and care visas to workers from Cameroon in the year ending March 2026. But a total of 180 visas were issued to family members from the country during the same period.

NS&I accounts to snap up now - and the duds I'd avoid at all costs: SYLVIA MORRIS

National Savings & Investment bosses are in panic mode. They need to draw in a near record £15bn from savers this financial year.

هل يواجه مستقبل كرة القدم الأوروبية عاصفة ائتمانية؟

Britain could face £4TRILLION in climate reparations Labour bows down to United Nations court

Britain could face a £4trillion climate reparation bill if the Government bows down to a UN court, a think-tank says.Lawyers and activists are poised to launch a wave of litigation to “punish the West for the Industrial Revolution”, it warned. The UK could also be forced to stop drilling in the North Sea because of the “unprecedented” finding on climate change from the International Court of Justice (ICJ), according to Policy Exchange. Its paper urged the Government to stand up to the court and...