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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,

Brent crude benchmark rose to more than $80 a barrel, its steepest increase since ceasefire beganOil markets have recorded their sharpest price rise in nearly two months after a series of attacks on fossil fuel tankers near the strait of Hormuz led Donald Trump to declare that th

Andrew Balding’s star remains unbeaten for seasonSatono Reve can strike for Japan in July CupThe Group One Falmouth Stakes has proved a tough assignment for favourites in recent years and Precise, at 4-5, was the fifth of the last seven odds-on shots to let the punters down, as s

For just one day, our dark universe detective, Euclid, turned its gaze toward the light: the extremely bright inner region of our Milky Way galaxy, known as the galactic bulge. This special request came from astronomers who were after what Euclid does best: capturing huge areas o

An international team led by Juan Diego Soler at the University of Vienna used two of the world's most powerful radio telescopes to uncover previously hidden structures within the Orion Nebula. The project produced the sharpest maps ever made of neutral hydrogen in that region of