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SpaceX reports first quarterly loss as spending surges

SpaceX’s first quarterly report as a public company showed revenue up 92% to $7.8bn but spending rising more than 550% to $18.3bn. Shares fell nearly 9% after hours as investors watched for signs of profit.

4 min read

Luton Airport expansion clears final legal hurdle

Plans to expand London Luton Airport have cleared their final legal hurdle after the Supreme Court refused permission to appeal. The project could raise annual passenger numbers to 32 million by 2043.

2 min read

Chipotle removes jalapeños in US salmonella probe

Chipotle said it removed jalapeños from some restaurants after identifying them as a potential source in a salmonella outbreak that has sickened 110 people, and said it is cooperating with health authorities.

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Oil prices fall as US officials raise hopes of Iran deal

Oil prices hit a three-week low after US officials said talks with Iran had progressed toward reopening the Strait of Hormuz, easing supply concerns.

3 min read

Half-price rail travel extended to 18-year-olds

Eighteen-year-olds will soon get a full year of 50% off most train fares under changes to the 16-17 Saver railcard from 17 August, the DfT has said.

5 min read

Campaigners lose appeal bid over Gatwick expansion

Campaigners have lost their bid to appeal against Gatwick Airport’s £2.2bn expansion, after judges rejected claims the climate impact was not properly assessed.

5 min read

Why Trump Media's Truth API is stirring controversy

Trump Media has launched Truth API, a paid feed offering faster access to Truth Social posts, prompting legal and ethical concerns over possible market-moving use of Trump’s statements.

5 min read

BP profits hit four-year high as Middle East war lifts oil prices

BP reported a $5.73bn quarterly profit, its highest in four years, as conflict in the Middle East pushed up oil prices and drew criticism from campaigners.

3 min read

Oil profits jump as Middle East war lifts prices, Trump criticises earnings

Oil companies are posting surging profits as Middle East conflict pushes energy prices higher, while Donald Trump criticises ExxonMobil and Chevron over rising earnings.

2 min read

Metro Bank customer seeks £14,000 refund after Claude-linked fraud

Zoli Rutter says £14,244 was taken from his Metro Bank account in a fraud linked to Claude credits, prompting a refund dispute involving Metro Bank and Anthropic.

4 min read

Could heatwaves push food prices higher?

Heatwaves and drought are putting pressure on farms, supply chains and some supermarket chillers, raising concerns that food prices could rise if crop yields and supplies are affected.

5 min read

East London datacentre plan approved despite local opposition

Angela Rayner has approved a £500m Truman Brewery redevelopment in Brick Lane, clearing the way for a datacentre, offices and apartments despite opposition from Tower Hamlets council and campaigners.

4 min read