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Property prices in ‘suspended animation’ owing to higher mortgage rates and uncertainty in Middle EastBusiness live – latest updatesUK house prices were broadly stagnant in July as prospective buyers were squeezed by higher mortgage rates, uncertainty around the Middle East and stretched affordability, according to the lender Lloyds.The average property cost £299,253 in July, down by £143 compared with June, the bank’s monthly index found. Continue reading...

Problems after power failure at regional signalling centre likely to continue until noon with many crews and trains in wrong locationsBusiness live – latest updatesRail passengers are facing a second day of travel disruption across parts of north-west England, after a power failu

Visits down 3.8% after 6.2% fall in June, with many choosing to buy online instead, research for retail body findsShoppers stayed away from UK high streets during last month’s heatwave temperatures, with many choosing to buy online instead as the mercury in some areas rose into t

Ruling comes as part of second phase of landmark trial that found social media company enabled harm against usersA New Mexico court has ordered Meta, the parent company of Facebook, to pay $567m into a fund aimed at redressing adverse mental health impacts from the social media giant’s platforms.The Thursday ruling comes as a part of the second phase of a landmark trial the social media giant lost in March. At the time, a jury found that the company knowingly harmed children’s mental h

Average cost of a 30-second spot during tournaments airing on Fox was reportedly between $200,000 and $750,000Fox Corp, parent company of Fox News and the US broadcaster of the Fifa World Cup, reported revenue up 28% to $4.21bn in the fiscal fourth quarter, thanks largely to adve

GMB says that as a top-rated ethical company, UK’s largest energy firm should welcome involvement of unionsWorkers are pushing for union recognition at the UK’s largest energy company, Octopus Energy, known as a progressive organisation with a focus on renewable energy.The GMB un

Profit jump fuelled largely by unknown US refund amount as Japanese video game firm records quarterly sales dropNintendo has reported a jump in profits, as the Japanese game maker’s earnings were buoyed up by a long-awaited refund on Donald Trump’s tariffs.The company said profit

Two senior engineers are leaving company to launch startup amid fears Google is falling behind in AI raceSir Demis Hassabis is stepping down as chief executive of Google DeepMind, in a leadership overhaul of the UK-based AI research lab.Hassabis, a Nobel prize recipient, is leavi

Wayve Uber wins first minicab licence for autonomous cabs from TfL but vehicles will have a safety driver (at first)The taxi app company Uber and the autonomous technology developer Wayve have been granted the first minicab licences in London, allowing them to offer self-driving taxi rides to paying customers – but with a human safety driver in place, for now.The companies said they would start trips in the UK “later this summer” before the full public launch. Continue reading...

Investigators looking into whether incidents at Leipzig are linked after DHL plane forced to make emergency landingA DHL cargo plane was forced to make an emergency landing after colliding with an unknown object as it was climbing away from Germany’s Leipzig airport, where police later found a drone on the ground.The German government on Wednesday confirmed the incident, which led to serious disruption of air traffic. Continue reading...

Union exploring options to oppose program that would put US airport screening into hands of private contractors The labor union representing workers at the Transportation Security Administration (TSA) is raising alarms over a new program that will expand privatizing security checkpoints at three airports.The agency informed the union last month of plans to enact the TSA Gold+ program, which would shift security and control of the screening technology into the hands of private contracto

Government has so far returned $100bn to companies from levies that US supreme court struck downBusiness live – latest updatesThe Trump administration has refunded about $100bn from the tariffs it collected before the US supreme court ruled them illegal, according to reports.The $100bn (£74bn) figure, which represents 60% of the total $165bn collected from Donald Trump’s “liberation day” tariffs, was reported by customs officials to the US court of international trade (CIT) on Tuesday,