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UK house prices fall for first time this yearNationwide finds typical price was £278,024 in May, as Savills says Iran war has ‘fundamentally changed’ outlookRead More
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Oil prices surge as Iran cuts off communication with USOil prices rose after Iran reportedly ceased communications with US negotiators.Read More -
Bank of England watching public-sector pay for inflation riskThe Bank of England is monitoring public-sector pay as a potential inflation source, as it continues to run faster than private-sector wages.Read More
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UK regulator finds no evidence fuel retailers exploiting crisisLONDON, June 1 () - Britain's competition regulator has found no evidence that retailers had altered their fuel pricing strategies to take advantage of the Middle East crisis, but warned that weak competition in the sector remained a concern, it said on Monday. The Competition and Markets Authority's analysis indicated that elevated wholesale prices continued to explain most of the increase in pump prices in March and into April, it said in a statement.Read More
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EU cloud rules could shut out Amazon, Microsoft and GoogleBRUSSELS/AMSTERDAM, June 1 (Reuters) - The European Union plans to propose strict criteria for cloud computing services in highly critical state tenders that could exclude Amazon, Microsoft and Google from such projects, according to documents seen by Reuters. The proposal is part of the European Commission's Cloud and AI Development Act, which EU tech chief Henna Virkkunen will unveil on Wednesday as part of a package aimed at reducing the bloc's dependence on U.Read More
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EU May keep Russian oil price cap at $44 per barrelBy Julia Payne BRUSSELS, June 1 (Reuters) - The European Commission may propose leaving the G7 price cap on Russian crude unchanged at its July review, in an effort to curb Moscow's windfall from theRead More
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Tesla May registrations jump across European marketsJune 1 (Reuters) - New registrations of Tesla cars rose across several European markets in May, in a sign of continued recovery in the U.S. electric vehicle maker's regional sales.Read More
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Big tech turns to debt to fuel AI boomDebt is becoming a big tool in the Big Tech arsenal.Read More -
Strategy stock drops as it sells Bitcoin for first time since 2022The Strategy founder recently signaled that the firm may sell some bitcoin this year.Read More -
How Rachel Reeves's Isa reforms are falling apartAsk most savers what they know about Isas and the reply will be simple. They’re tax-free. Money that’s saved – or invested – in the wrappers won’t attract a tax bill.Read More