Burnham’s cost of living push under threat as oil hits $100 Markets The benchmark oil price has hit $100 per barrel amid a re-escalation of war in the Middle East, undermining Andy Burnham’s cost of living drive. Brent crude oil prices inched past the $100 milestone on Thursday afternoon following attacks by the Houthis, an Iran-backed militia based in Yemen, on two Saudi Arabian tankers. The recent [...]
Sport documentaries muddle grey area of storytelling vs reality Sport Business As every sport seemingly gets its own documentary, Matt Readman assesses whether they’re meddling with reality. There is a famous rule in nature documentary filmmaking: observe, but never intervene. The moment the camera changes the behaviour of its subject, it stops documenting reality and starts creating it. Earlier this month the International Cricket Council investigated [...]
Verdiva Bio Appoints Cardiometabolic Leader Steve Marso as Chief Medical Officer Business Wire Steve Marso, M.D., joins Verdiva as CMO from Metsera, where he held the equivalent position, bringing valuable clinical and regulatory expertise as Verdiva continues development of a unique portfolio of once-weekly oral treatments for obesity Also from Metsera, Jason Mallory joins Verdiva as SVP, Clinical Development to lead Verdiva’s clinical trial design and execution
AI spending overshadows Alphabet and Tesla earnings July 23, 2026 Wall Street’s biggest tech companies delivered another round of strong earnings on Wednesday, but the primary focus for investors is the growing cost of the artificial intelligence race. Alphabet and Tesla beat revenue expectations, yet their shares fell in after-hours trading after both companies signalled another year of heavy spending on AI infrastructure. Google-owner Alphabet [...]
‘Door is open’ to interest rate hike as inflation fears return July 23, 2026 An interest rate hike by the Bank of England this year is back on the cards as fears of continued oil and gas trade disruption across the Strait of Hormuz could push inflation higher, according to City economists. A spike in oil prices to levels seen during the Iran war has dampened the mood across [...]
The Rest Is… for the Treasury: Gary Lineker backs wealth tax for rich July 23, 2026 Gary Lineker has urged Prime Minister Andy Burnham to introduce a wealth tax on himself and other millionaires. The former England football player, synonymous with crisps, is one of over 100 millionaires to sign an open letter to No 10 calling for a 2 per cent tax hike on people with assets worth at least [...]
New BMW X5 gets diesel, hybrid, electric and hydrogen versions July 23, 2026 BMW’s new X5 offers more powertrain choices than ever, combining diesel, plug-in hybrid, electric and future hydrogen technology. BMW’s fifth-generation X5 arrives with more powertrain choices than any version before it, including a hydrogen model due in 2028 built with Toyota. Rather than picking a side in the electric transition, BMW is selling all sides [...]
Easyjet takes £200m profit hit in Iran war travel chaos July 23, 2026 Easyjet has revealed a £200m profit hit as the budget airline battles with the soaring energy costs and falling travel demand caused by the Iran war. The FTSE 250 carrier posted an £85m profit in the three months to June, down 70 per cent on £286m in the previous year, as passenger volume slipped by [...]
ITC Infotech and Google Cloud Join Hands to Scale Enterprise Agentic Transformation and AI Innovation July 23, 2026 End-to-end deployment of Gemini Enterprise across ITC Infotech establishes the solutions provider as ‘customer zero’ Joint Centers of Excellence will serve as launchpad for global customers to advance their agentic transformations
The physical capital paradox: why the best performing asset class is the least owned July 23, 2026 Investors are ignoring the superior performance of commodities despite their critical role in the AI buildout, says Jeff Currie The best performing asset class of this decade is also the most under owned. Since October 2020, when we first called for a decades-long super-cycle in commodities, the broad commodity indices like the S&P GSCI are [...]