World of Business

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UK Economy Expands 0.4% in Second Quarter as Sunshine and World Cup Lift Spending

UK GDP grew 0.4% between April and June 2026, slowing from 0.6% in the first quarter, as warm weather and the men's football World Cup lifted services and retail spending.

3 min read

AI Money Sets Record: Hillsborough Estate Sells for $70m

A Hillsborough estate modeled on Lake Como villas has sold for $70m to a buyer in the AI industry, setting a local record as tech wealth reshapes the Bay Area luxury housing market.

5 min read

Perth's 'Oldest Hotel' Owner Falls Into Administration Amid Financial Strain

Strathmore Hotels Ltd, owner of Perth's historic Salutation Hotel, has entered administration after sustained creditor pressure, with all eight sites continuing to trade and 410 jobs retained for now.

3 min read

Burnham Briefed on Risk of Near-Zero UK Growth if Iran War Drags On

Andy Burnham has been told UK growth could fall to just 0.3% in 2027 if Strait of Hormuz disruption from the Iran war continues, as new forecasts from the Bank of England, NIESR and OECD paint a mixed picture.

3 min read

US Inflation Ticks Down to 3.4% in July as Food and Energy Costs Ease

US annual inflation eased to 3.4% in July 2026 from 3.5% in June, as falling energy prices and slower food cost growth offset rising housing expenses, according to the Bureau of Labor Statistics.

3 min read

Scotland’s Public Spending Deficit Narrows to £25.3bn as Tax Revenue Climbs

Scotland's public spending deficit fell by £600m to £25.3bn as tax revenue outpaced spending growth, according to the latest Gers figures, though earlier data showed the gap widening the year before.

4 min read

Burnham Concedes Cost-of-Living Steps Fall Short, Signals More Help to Come

Prime Minister Andy Burnham admits his cost-of-living measures are not enough and hints at further support, including changes to rail fares and public control of energy and water, as the national Cost of Living Payment scheme formally ends.

5 min read

UK Heatwaves Could Cost Economy £4.4bn This Year, Think Tank Warns

New analysis from think tank Verdant estimates repeated UK heatwaves have cost the economy £4.4bn in lost output this year, with warnings the annual toll could top £25bn by 2030 without government action.

5 min read

John Pye, Co-Founder of Nottingham Auction House, Dies at 95

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2 min read

Invergordon Trust to Take Over Historic Town Hall in 99-Year, £1-a-Year Deal

Highland Council has approved a 99-year, £1-a-year lease handing Invergordon Town Hall to a community trust, which plans a £2m restoration into a civic hub with a cafe and exhibition space.

4 min read

Trump Media Posts $238m Q2 Loss as Crypto Holdings Sink Value

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1 min read

Why Women Often Outperform Men as Investors, Despite Investing Less

New analysis shows women who invest often achieve slightly higher long-term returns than men, even though far fewer women invest at all. Experts point to patience, risk-awareness and a wider wealth-management gap between the sexes.

6 min read