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UK service sector shrinks amid Iran war disruption and heatwave – business live

Rolling coverage of the latest economic and financial newsToday’s UK Service PMI report (which polls purchasing managers from across the sector) found there was a “sustained reduction in backlogs of work across the service economy”.This was due to weak demand, S&P Global reports,

Admin Recifes 15/07/2026 1

OpenAI’s apparent failure to visit key site raises questions over UK investment

Exclusive: £20bn of ‘potential’ £30bn AI investment touted by UK ministers appears to have been hypotheticalIt was to be the biggest undertaking in Britain for OpenAI, the company behind ChatGPT. Stargate UK – a multibillion-pound UK datacentre project – would represent “a major

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Insurers shifted roof-replacement costs onto homeowners thanks to a new federal rule — jus

Those who find extensive damage to their roofs might be stuck between two options: File an insurance claim, which could trigger a premium increase, or cough up the cash for the necessary repairs or replacement.

Admin Recifes 15/07/2026 1

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

Admin Recifes 15/07/2026 1

EV charger rollout in UK slows amid political uncertainty and rise in installation costs

Growth in charge points falls markedly despite surge in number of rapid-charging unitsBusiness live – latest updatesThe UK’s rollout of electric vehicle chargers has slowed amid challenging cost pressures and uncertainty over government sales targets.Charger companies installed 5

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Xbox’s CEO says the business is ‘not healthy’ as it prepares for 3,200 layoffs

With shares down 20% this year, Microsoft joins peers like Meta and Oracle in using layoffs to offset rising costs of the AI race

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Act soon to change ‘unsustainable’ direction of UK debt, OBR warns

Forecaster says curtailing rising costs such as health and pensions ‘are today’s challenge, not just tomorrow’s’Business live – latest updatesPolicymakers must act to prevent public debt rising unsustainably in coming decades as the population ages and defence spending rises, the

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Plot twist: Gen Z is buying houses after all

Despite soaring housing costs, younger buyers are finding a way in. Here’s how. O recorte ajuda a contextualizar a pauta dentro de Carreira.

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Almost no progress made on UK regional household income divide in 30 years, report finds

Despite promises of successive governments, gap between richest and poorest areas consistent since 1997Britain’s deep regional income divide has barely changed in 30 years despite the promises of successive governments to narrow the gap, according to a report showing the challeng

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Oil prices rise after fresh US strikes on Iran and return of sanctions on Tehran – busines

Almost all major Asian stock markets fall, with Samsung Electronics shares sliding for a second dayAssociated British Foods, the owner of Twinings, Kingsmill and Primark, is to rename its baker arm Hovis Bakeries after completing the takeover of rival baker Hovis.The company appe

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Mortgage rates jump as tensions with Iran spook bond investors

The conflict between the U.S. and Iran is driving mortgage rates up, adding hundreds of dollars a month in extra costs for prospective home buyers.

Admin Recifes 15/07/2026 1

The space race is on as China takes a big step toward rivaling SpaceX

A Chinese company demonstrated controlled recovery of a rocket’s bottom portion, which is critical in helping to drive down launch costs.

Admin Recifes 15/07/2026 1

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