The US Federal Reserve has increased its benchmark interest rate by a quarter percentage point, moving the target range to 3.75%-4%. This marks the first such rise in three years, as the central bank aims to address persistent inflation.
Thousands of stock trades linked to individuals within former President Trump's organisation have attracted scrutiny, with a US ethics watchdog raising questions over potential conflicts of interest during his presidency.
Morrisons plans to close 100 loss-making convenience stores, primarily acquired through its 2022 McColl's acquisition. The supermarket attributes these closures to significant cost increases stemming from government policy decisions, including national living wage hikes and National Insurance contributions. Hundreds of jobs are understood to be at risk.
