Top World News

Jul 23, 2026 - World

Tesla's second-quarter profit dropped 12% as R&D spending jumped 49%, even as revenue and vehicle sales beat Wall Street expectations

Jul 23, 2026 - World

The airline is now reviewing its hotel arrangements in Hyderabad as part of the investigation while authorities work to establish what led to the suspected food poisoning.

Jul 23, 2026 - World

Live, rolling coverage of business, economics and financial markets as traders fear attacks from Yemen and Iran creating ‘two-chokepoint problem’The Houthi attacks off the coast of Yemen targeted Saudi Arabian tankers, but two Chinese vessels carrying Saudi oil appear to be trying to exit the Bab el-Mandeb strait, Reuters reports.From Reuters:Two Chinese supertankers carrying a combined 4 million barrels of Saudi Arabian oil are exiting the Red Sea via the Bab el-Mandeb strait on Thursday, shipping data showed, even as a Saudi vessel came under attack in the region.The ships’ attempt to transit the strait will clearly test how tightly the Houthis will impose the naval blockade on Saudi Arabia they announced on Monday. Continue reading...

Jul 23, 2026 - World

The prime minister said the £100m package would mean the typical pub would save around £1,100 in the next financial yearReynolds also said she would welcome Gary Lineker and other UK-based millionaires increasing the amount they pay into public coffers after they called for a wealth tax.But she would not be drawn into whether Andy Burnham’s government will consider what they are asking for. She said:Well, look, it’s day four of this new government, and obviously any major tax changes would be announced at a budget.I welcome the fact that people of good means are saying that they want to pay more. They can pay more.This is fully funded, and it will be funded in a couple of major ways. Firstly, by looking at business rate reliefs on businesses that cause social harm, such as vape shops, and secondly by cracking down on those online businesses who are not paying VAT.I am confident as chief secretary, having looked at the numbers, and we will set out the numbers in more detail at the budget, that we will fund this announcement in the ways that I’ve just mentioned.There may be additional measures that we look at as well, but it is those two principal ways that we’re going to fund this business rate relief. Continue reading...

Jul 23, 2026 - World

CBA chair says contempt charge over closing speech by Rajiv Menon KC has left lawyers fearful of doing their jobThe prosecution of a leading human rights barrister for contempt of court over his closing speech during a trial of Palestine Action activists has left lawyers fearful of doing their job, the chair of the Criminal Bar Association (CBA) has said.Rajiv Menon KC is due to stand trial next week, accused of breaching the judge’s directions in the trial of six people for a direct action protest at an arms factory of the Israeli subsidiary Elbit Systems UK in Filton, near Bristol, in 2024. Continue reading...