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Stuart Machin

British businessman, CEO of Marks & Spencer

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  • Aug 3

    UK economy faces recession risk if Strait of Hormuz stays shut into 2027, EY warns

    EY's latest outlook says GDP could contract by 0.2% next year if the vital waterway remains closed, while fuel thefts from UK forecourts have hit £194,000 a day since the Iran war began.

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Today’s Brief

The Fed raises rates again

Warsh tightens money as Gaza deaths expose shelter risks and Europe courts Canada

The last half-day brought a harder economic tone and a grim reminder of what prolonged wars do to civilians. The Federal Reserve raised rates for the first time since 2023, while rescue crews in Gaza searched a collapsed apartment block with little more than hand tools.

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  • Fiji declares national HIV emergency

    Declares national emergency as HIV infections rise 27% in 2025, with one in 60 adults estimated to be infected in the Pacific nation.

  • Explosions in Frankfurt and Offenbach

    Arrested one suspect following the explosions in Frankfurt city center. Police investigation continues after the incidents on Berger Strasse and Zeil.

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European Union · Updated 40m ago

The Green Deal under revision

Von der Leyen's State of the Union confirms the competitiveness framing without proposing new legislation or targets.

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