Finance
682
EU faces 9.6 million home shortage as housing overtakes unemployment as voters’ top concern
In March, the European Parliament adopted its first report on the housing crisis in the EU and possible ways to address it. Polls show that housing has become one of Europeans’ most pressing concerns, rivaling national security in importance.
429
Swiss groups launch referendum to block Malaysia trade deal over palm oil concerns
In June 2026, the Swiss Parliament approved the EFTA–Malaysia free trade agreement. Concerns had been raised early in the negotiations about the tariff reductions on palm oil that were ultimately adopted.
624
Monir Islam and Moynul Islam’s dirty Be Club SageMaster Ponzi scam hit with Bulgarian fraud warning
Be Club’s SageMaster has received an investor fraud warning from Bulgaria’s Financial Supervision Commission (FSC).
691
America’s richest family dynasties now control a record $1.9 trillion
As America’s 250th anniversary approaches, Forbes is celebrating our own version of founding fathers (and mothers): the entrepreneurs behind what have become the largest family fortunes in the country.
517
Donald Trump reports $1.4 billion crypto windfall as digital assets become his biggest income source
U.S. President Donald Trump reported more than $1.4 billion in income from his family’s crypto ventures last year, showing how Trump now derives most of his income from digital assets that have benefited from his policies, according to a review of his latest financial disclosures on Tuesday.
534
Halifax to disappear from UK high streets as Lloyds rebrands all customer accounts
Halifax is being ditched after over 170 years on the UK’s high street.
540
Heathrow’s £33bn third runway plan branded too expensive by major airline alliance
The head of a major airline alliance that includes Lufthansa and United has likened Heathrow’s third runway plans to an unaffordable luxury car as he urged the airport to cut back some parts of the “eye-watering” project.
614
Think tank proposes new gambling tax expected to raise £450m a year
A call to hammer Britain’s betting shops with a fresh tax raid has sparked warnings thousands of jobs could be put at risk.
611
Recycled glass housing pioneer wins £5m boost to help tackle UK housing crisis
A Scottish company that makes panels from recycled glass has secured more than £5 million to help tackle the UK’s housing crisis.
435
Britain’s biggest housebuilders face £4.5bn class action over alleged new-build price fixing
A monumental class action lawsuit, potentially seeking up to £4.5 billion in compensation, is set to be launched against seven of Britain’s most prominent housebuilders.
612
Nationwide to cut more than 600 jobs after completing £2.9bn Virgin Money takeover
A Major British bank has announced hundreds of jobs are set to be cut following a multi-billion pound takeover.
661
Europe faces the risk of starting winter with gas reserves at their lowest level in 15 years
Europe is set to enter the heating season with the lowest gas storage levels in at least 15 years, threatening higher prices for businesses and households this winter.
534
UK government paid £24.4bn to private equity-backed firms in a year, analysis finds
Almost £24.4bn of government money went to private equity-run firms in year to April 2025, Guardian analysis shows.
500
Binance to halt EU services from July 1 after failing to secure MiCA licence
Binance has informed its EU users that it will halt services from next week after failing to secure the necessary licence to operate in the region, marking a major blow for the world’s largest crypto exchange.
525
UK energy debt hits record £4.79bn as bills surge and crisis deepens
Debt to energy suppliers has reached a new record high of £4.79 billion – a 5% increase on the last quarter, Ofgem has said.
490
Kenya signs $1.2bn China deal to transform Nairobi airport into regional aviation hub
Kenya has signed a $1.2 billion agreement with a Chinese state-owned construction company to expand and modernize the Jomo Kenyatta International Airport (JKIA), a major infrastructure project aimed at strengthening the country’s position as East Africa’s leading aviation gateway.
515
Savers hit with 22% tax on cash held in stocks and shares ISAs under new rules
Savers who invest in stocks and shares ISAs will face a 22% tax on the interest from their funds.
591
Venezuela faces record $240bn debt as historic restructuring begins
Venezuela is set to reveal a $240bn debt pile, much higher than previously thought, as the country embarks on the biggest sovereign restructuring in history following the US removal of Nicolás Maduro.
442
Markets on edge as Starmer quits and leadership race sparks fresh UK economic uncertainty
Investors and business leaders are again navigating the kind of uncertainty that has dominated British politics since the Brexit vote a decade ago, after Prime Minister Keir Starmer resigned on Monday and threw open a leadership contest that will centre on any successor’s plans for the economy.
543
UK construction firm collapses after workers miss out on £153,000 in pay
A UK construction company has plunged into liquidation after 15 years as staff missed out on over £150,000 worth of pay.
627
Pyra shuts down after Drift exploit leaves users facing withdrawal deadline
crypto payments platform Pyra has stopped accepting new users, canceled existing payment cards, and says withdrawals and private key exports will remain available through a web portal until September 15, 2026, according to Pyra’s shutdown announcement.
655
Gerko defeated in £22.5m tax battle with HM Revenue and Customs
Billionaire Alex Gerko has lost a long-running legal battle over the tax treatment of profits made by individual traders.
508
New Zealand bank ASB fined $6.7m after failing to vet billions in transactions
The $6.7 million fine ASB has agreed to pay for insufficiently vetting billions of dollars of transactions for money laundering is putting the spotlight on the law in New Zealand.
469
Europe’s STOXX 600 hits record high after US-Iran deal lifts market mood
Europe’s STOXX 600 hit a record high on Monday, boosted by a relief rally across most sectors after the United States and Iran reached a preliminary agreement that would open the Strait of Hormuz and end the three-month-long war in the Middle East.
632
UK and Japan to sign £18bn investment deal as Starmer seeks jobs boost
The UK and Japan are set to agree on £18 billion worth of investment, creating tens of thousands of jobs.
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