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Ministers urged to curb energy costs as Great British homes face 13% bill surge

Quarterly Ofgem price cap rises to equivalent of £1,862 a year from 1 July amid growing consumer energy debtMinisters are facing growing pressure to lower energy costs as households in Great Britain face the steepest rise in summer bills in four years this week.The quarterly cap

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EU introduces €3 customs charge on small parcels to curb cheap Chinese imports

Parcels of goods worth under €150 will no longer enjoy ‘de minimis’ exemption, exploited by platforms such as Temu and SheinBusiness live – latest updatesThe European Commission has said it hopes to prevent the “desertification” of Europe’s high streets, as it prepares to introdu

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UK disposable incomes squeezed by price rises and tax changes

ONS confirms 0.6% GDP growth in first quarter, with services, production and construction sectors expandingBusiness live – latest updatesUK households suffered a drop in disposable incomes in the first three months of the year as price rises and extra wealth taxes hit average spe

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UK housebuilders face class action suit over alleged collusion to inflate prices

Law firms seek up to £4.5bn on behalf of 700,000 buyers of new-build homesBusiness live – latest updatesBritain’s biggest housebuilders, including Barratt Redrow and Taylor Wimpey, face a multibillion-pound class action lawsuit over claims that they colluded over higher prices fo

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UK watchdog plans to break Apple and Google’s ‘effective duopoly’ on mobile app stores

CMA says developers should be able to steer users away from app stores for payments to increase competitionBusiness live – latest updatesThe UK’s competition watchdog is challenging Apple and Google’s “effective duopoly” over mobile platforms by allowing developers to steer users

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US cooking oil market shrinking due to Ice pressures on Latino households, Mazola owner sa

Economic squeeze and anti-immigration raids have hit Hispanic communities, prompting people to shop online and reuse oilBusiness live – latest updatesThe US cooking oil market is shrinking and unlikely to improve soon because of economic and immigration enforcement pressures on L

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No console-flation: how the thirst for AI chips is sending games console prices soaring

AI datacentres, memory scarcity and factory capacity are costing consumers –and console makers• Don’t get Pushing Buttons delivered to your inbox? Sign up hereIt was once a truth universally acknowledged that an ageing console in possession of good revenue must be in line for a p

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Bipartisan bill fails to protect US consumers from datacenters’ true costs, critics warn

Experts say Ratepayer Protection Act ‘posing as a consumer protection measure’ and will raise prices on working peopleThe bipartisan Ratepayer Protection Act, designed to shield individuals from soaring electricity prices amid the datacenter boom, would fail to meaningfully prote

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Mobile internet coverage in UK worse than any EU or G7 country, Which? says

Analysis finds services cheaper but country ranks 57th in network performance and 70th for download speedsBusiness live – latest updatesBritish holidaymakers watching online videos while they sit on a European beach this summer are likely to be pleasantly surprised: the signal sh

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Big brewers ‘misleading drinkers’ over craft beer credentials, says Camra

Campaign group calls on watchdog to investigate sector amid claims of anti-competitive practices elbowing out independentsBusiness live – latest updatesBig brewers are misleading drinkers about their products’ “craft” credentials and geographical origin, the ale enthusiasts’ club

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Boost City regulator’s powers to help protect UK consumers from AI, says watchdog

FCA’s review into how tech will reshape financial services warns about amplified risks of cyber-crime and fraudBusiness live – latest updatesMinisters have been urged to toughen the City regulator’s powers to protect consumers against the potential risks of AI, according to a lan

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Bank of England plans to ease capital rules despite AI stability fears

Central bank’s financial policy committee members voice concern on trimming big lenders’ financial buffersBusiness live – latest updatesThe Bank of England is planning to loosen capital requirements for major UK lenders, even as policymakers expressed concern about the threat to

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