No evidence of widespread fuel price-gouging, says watchdog

Inflation in the US eased last month as the cost of energy and filling up at the pumps fell, official figures show. Prices rose 3.5% in the year to June, according to the Bureau of Labor Statistics (BLS), down from 4.2% recorded in May. Gasoline prices decreased 9.7% last month, but are still much more…

The collapse of two US companies could be a sign of wider problems in the financial system and “alarm bells” were ringing, the governor of the Bank of England has said. Andrew Bailey told a House of Lords committee that it was important to take the failure of car parts supplier First Brands and subprime…

A similar position has been advertised by ChatGPT developer OpenAI. On its careers website, it lists a job vacancy for a researcher in “biological and chemical risks”, with a salary of up to $455,000 (£335,000), almost double that offered by Anthropic.

The Chief Minister of Gibraltar, Fabian Picardo, says the new arrangements, which are due to be provisionally implemented with their approval by the UK and European Parliaments still pending, represent “a huge change” for the territory. “One of the key things which has defined the past eight generations of Gibraltarians is the restrictions at the…

Inflation has risen to 3.7% in the year to September, which is a higher-than-expected increase fuelled by gasoline prices. Car fuel prices jumped by 34.2% over 12 months. In September alone, they jumped by 9.1%, accounting for more than half of the increase in inflation, according to the Bureau or Labor Statistics. Overall, energy inflation…

“Sometimes it feels that second class is literally the last thing that Royal Mail look at, in preference to parcels, but a lot of people use second class, a lot of online retailers use second class, because it is an affordable option for both us and the customer.”