We cant justify a £52 lunch: Middle-income families cut back on fun as prices rise

Central banks across the world have joined together to declare that they stand in “full solidarity” with the Federal Reserve’s chair after the US launched a criminal investigation into Jerome Powell. The heads of the Bank of England, the European Central Bank and the Bank of Canada are among 11 senior bankers who have signed…

Residents are to be offered advice on coping with the challenges of winter through a series of money and wellbeing roadshows. Organised by West Northamptonshire Council, the events will bring together organisations to provide practical help, from home energy efficiency to debt advice – and mental health support. The events are part of the authority’s…

The maker of Wegovy and Ozempic, Novo Nordisk, has announced it will cut 9,000 jobs weeks after warning that profits will fall as more “knock-off” weight-loss drugs emerge. The redundancies make up 11% of the Danish company’s workforce and mark the first major step by new chief executive Mike Doustdar as Novo Nordisk faces mounting…

In morning trading, Japan’s Nikkei 225 was 0.8% higher, the Hang Seng in Hong Kong was up by 1.6%, while South Korea’s Kospi rose by 2.2%. They had fallen sharply on Monday as Asian countries are heavily dependent on oil and gas that would normally pass through the strait.

Since the conflict began, the price of oil has soared and is currently trading at over a third higher at $100 a barrel, pushed up by air strikes on shipping and energy infrastructure, and the effective closure of the Strait of Hormuz, a vital waterway for energy shipments, which carries a fifth of global oil…