Rolling coverage of the latest economic and financial news
German exports hit by shortages; another Chinese property developer defaults – business live
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German export expectations fall to lowest level since February; China’s Modern Land misses debt payment, adding to worries about property sector
UK haulage industry tells PM to act on supply chains or face Christmas crisis
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The haulage industry has urged Boris Johnson to step up “lacklustre” efforts to tackle a shortage of 100,000 HGV drivers, telling him to act now on supply chains or face a Christmas crisis. Bosses of multiple trade bo...
Oil prices climb to fresh highs, UK petrol price hits record – business live
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Australia news live update: cabinet meets to finalise 2050 net zero deal, Victoria to lift Covid travel restrictions by Friday
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In exchange for Nationals’ support for the climate emissions target, the Morrison government will sign off on a regional transition package. Follow the day’s developments live
Nicaraguan business leaders arrested in Ortega’s pre-election crackdown
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Daniel Ortega’s pre-election crackdown on the Nicaraguan opposition has claimed another prominent scalp with the arrest of one of the Central American country’s top business leaders. Michael Healy, the president of Ni...
UK recovery ‘running out of steam’ as retail sales fall again – business live
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Rolling coverage of the latest economic and financial news
Fears grow as UK factories hit by worst supply chain shortages since mid-70s
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Britain’s manufacturers are struggling with their worst supply shortages since the mid-1970s, as fears grow in the sector over the economic fallout from rising costs and a lack of key materials. Almost two-thirds of t...
Industry supply chain fears deepen; UK borrowing undershoots forecasts – business live
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Rolling coverage of the latest economic and financial news