Saudi says Houthis targeted Mecca with a drone, Iran-backed group rejects claim
The Organization of Islamic Cooperation condemned the strike as a "heinous" attack. Mecca is Islam's holiest site and the focal point of the annual Hajj pilgrimage.
UK inflation jumps to 3.1% as energy costs soar
The reading comes just hours before the Bank of England updates its monetary policy.
Petrol and diesel price rises push UK inflation higher
Summer holidays and disruption to global oil supplies by the Middle East conflict stoked price growth.
Dovish outlier Nomura boosted Fed-hike forecasts for two reasons
Elevated oil prices and sticky inflation have prompted Nomura to add more rate hikes to its monetary forecasts, though less than what the market is pricing.
Bond yields are spiking, oil is up — but investors aren’t giving up on stocks
Rising Treasury yields, geopolitical risk and fresh AI safety concerns are hitting markets, but many investors remain bullish on AI spending and earnings.
The Marks and Spencer area manager for Shropshire says shoplifting is a "really large issue".
Traffic, tourism and economy among election concerns
Residents and business owners in Onchan discuss key concerns ahead of the House of Keys election.
Treasury yields hitting 5% may not break markets now — but the clock is ticking
The 10-year Treasury yield has hit its highest since 2007, pushing borrowing costs deeper into territory that could expose some of the financial system's weakest links.
Oil falls as U.S. crude inventories reportedly rise, traders weigh Saudi pipeline closure
Oil fell Wednesday, as an unexpected increase in U.S. crude inventories outweighed worries over supply disruptions after an Iran-backed attack on Saudi Arabia's East-West pipeline.