Bank of England Governor Andrew Bailey says it is too early to consider interest-rate cuts, warning UK households have yet to feel the full economic impact of the Iran war.

Hedge fund BlueCrest loses £200 million tax battle against UK tax authority in major ruling over disputed liabilities

BlueCrest loses £200 million battle against UK tax authority

Volkswagen examines sale of Audi's 8.33% stake in FC Bayern Munich and reviews Porsche's VfB Stuttgart stake as part of major austerity programme ahead of July 9 board vote on plan to cut 100,000 jobs, Correctiv reports.

Volkswagen is examining the sale of Audi's 8.33% stake in FC Bayern Munich and reviewing Porsche's stake in VfB Stuttgart as part of a major austerity programme, ahead of a supervisory board vote on July 9 on a plan to cut 100,000 jobs, according to Correctiv.

FedEx agrees to sell supply chain subsidiary to France's CMA CGM Group in a $1.4 billion enterprise-value deal.

FedEx said it agreed to sell a supply chain subsidiary to French container shipping company CMA CGM Group in a deal with an enterprise value of $1.4 billion.

IMF cuts Israel's 2026 growth forecast to 3.5% from 4.8%, citing Middle East tensions, supply constraints, and labor shortages from sustained reservist call-ups.

The IMF has lowered Israel's 2026 economic growth forecast to 3.5 percent, down from a previous 4.8 percent estimate, citing rising regional tensions, ongoing fighting, supply constraints, and labor shortages from reservist mobilization.