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Fed holds interest rates steady despite Trump’s renewed calls to lower them

Rates remain unchanged for fifth time since December as tenuous Iran peace deal pushes energy prices up againThe US Federal Reserve held interest rates steady on Wednesday, leaving rates unchanged for the fifth time since December despite Donald Trump’s renewed calls to lower rates.Cooler inflation data published earlier this month eased expectations for an imminent rate hike. But the tenuous peace deal between the US and Iran have made energy prices creep up again, strengthening the case for an...

الانتظار انتهى! سحب قرعة الدوري المصري: من يستعد للتألق؟

US interest rates held for fifth time in a row

US interest rates held for fifth time in a row Image source, Getty ImagesImage caption, Chairman of the Federal Reserve Kevin WarshPublished2 minutes agoUS interest rates have been held for the fifth time in a row by the Federal Reserve. The decision, which was broadly expected, means rates remain between 3.5% and 3.75%. Higher interest rates make borrowing more expensive for people wanting to secure loans, mortgages and credit cards, but can lead to better returns on savings.Policymakers decide...

US Federal Reserve meet today: Kevin Warsh-led FOMC keeps interest rates unchanged

Kevin Warsh-led Federal Open Market Committee (FOMC) decided to keep the interest rate unchanged in the 3.5-3.75% range. The US Federal Reserve announced the monetary policy review after deliberations on July 28 and July 29.

South Korea’s stock market plunges as AI-driven boom fades

The benchmark KOSPI .KS11 sees steep decline as interest in chipmakers falls.

Relief for automakers as Centre proposes easy easing emission compliance testing regime

The road transport ministry proposes changes to emission compliance testing for vehicle manufacturers. New passenger cars and two-wheelers will undergo annual testing for three years after approval. Larger vehicles will continue with annual emission compliance testing. Existing models will see testing frequency reduced to once every three years. This move aims to reduce compliance burdens and improve ease of doing business.

Fuel prices soar on back of Iran war, leaving Yemeni labourers with no work

Construction projects in Yemen are paused as rising fuel prices trigger a domino effect on building material costs.

Andy Burnham may fund spending plans by axing state pension triple lock, think tank warns

Labour could ultimately be forced to scrap the state pension triple lock to help fund its cost-of-living commitments, a leading economic think tank has warned.The National Institute of Economic and Social Research (NIESR) said there is "clearly no scope" for the Treasury to fund Prime Minister Andy Burnham's spending pledges through additional borrowing, leaving tax rises or spending cuts as the main alternatives.Stephen Millard, deputy director for macroeconomics at NIESR, said the welfare budg...

TfL brings case worth up to £1bn against carmakers over Ulez compliance

Transport for London claims polluting diesel vehicles had been able to enter clean air zone without having to payTransport for London is pursuing a potential £1bn legal action against car manufacturers over vehicles that it argues should not have been allowed to drive freely in the capital’s clean-air zone.The high court heard that TfL was making allegations of “fraud and negligence” against manufacturers including Stellantis, Jaguar Land Rover, BMW and Nissan over their vehicles’ levels of dies...

India-US trade pact: Piyush Goyal explains the one condition to seal the deal

India's trade pact with the US awaits tariff competitiveness restoration for its first phase. Minister Piyush Goyal stated India needs a comparative advantage over rival nations. This condition must be met before the bilateral trade agreement can commence. Meanwhile, a US legislative proposal could impose tariffs on Russian energy buyers. India has increased its Russian crude oil purchases amid supply disruptions.

HMRC issues urgent tax deadline warning to prevent millions 'significantly increasing the amount owed'

Self Assessment taxpayers have just two days left to make their second payment on account before HM Revenue and Customs (HMRC) begins charging interest on any unpaid tax.The deadline falls at midnight on July 31, with taxpayers who fail to pay in full facing a late payment interest rate of 7.75 per cent on outstanding balances.The interest charge will continue to accrue until the debt is cleared, increasing the overall amount owed to HMRC.Elsa Littlewood, private client services tax partner at a...

What happens here has a big impact on your money

What happens here has a big impact on your moneyTo play this video you need to enable JavaScript in your browser.This video can not be playedWhat happens here has a big impact on your moneyCloseRead our quick guide to interest rates.SectionNewsPublishedJust nowShareclose panelShare pageCopy linkAbout sharingRelated topicsMoneyFollow Moneyclose panelYou are now following MoneyUpdates from your News topics will appear in My News and in a collection on the News homepage.Bank of EnglandFollow Bank o...

Aliko Dangote plans to give one-third of his $36bn fortune to charity

Africa's richest man, Aliko Dangote, will donate one-third of his wealth to charity. This significant philanthropic commitment is part of his succession plan. His daughter, Halima Dangote, revealed this plan in a recent interview. The billionaire's fortune is valued at approximately $36.5 billion. This donation aims to embed philanthropy into the family's long-term vision.

eBay pays $55m to journalist couple hounded by execs in vilest way for publishing blogs critical of web auction giant

eBay pays $55m to journalist couple hounded by execs in vilest way for publishing blogs critical of web auction giantSign up for our US Editor's Picks newsletter to get all the biggest exclusive stories See more Daily Mail on Google - save us as a Preferred SourceBy ELIOT FORCE, US NEWS REPORTER Published: 16:35, 29 July 2026 | Updated: 16:38, 29 July 2026 e-mail View comments

Oil prices jump over 7% as Middle East chaos flares up, brent crude back at $90

Oil prices surged over seven percent on Wednesday amid renewed Middle East military actions. This rally was also supported by industry data showing a drawdown in US crude inventories. Renewed strikes involving the United States and Iran-backed groups reignited supply concerns. Disruptions continued to affect shipping through the Strait of Hormuz and Bab el-Mandeb. Analysts expect oil prices to remain volatile in the near term due to ongoing conflict.

Major car brands targeted by Transport for London amid claims they owe '£1billion in unpaid Ulez costs'

Transport for London has launched legal action against some of the most popular car brands in the world over claims that emissions concerns meant they avoided paying the Ulez charge.The capital's transport authority has called for around £1billion in costs from major car brands in relation to the Ultra Low Emission Zone.It alleges that automakers rigged emissions data, allowing motorists to enter the Ulez without needing to pay, the Financial Times reported.Petrol cars, vans, minibuses and other...

Net Zero subsidies and grid upgrades set to cost £40bn a year by 2030

Net Zero subsidies and grid integration costs will exceed £40 billion a year by 2030, a report claims. Clean energy subsidies, which include wind and nuclear, are predicted to increase from £11.8billion a year to just under £15billion. In 2010/2011 they were just £500million, according to a report by the think tank Prosperity, which owns a stake in GB News's parent company. Meanwhile, integration costs – which include connecting the grid to renewable projects and the handling of intermittent ene...

كيف يحقق إيلون ماسك 300 مليون دولار يومياً؟ أسرار روتينه اليومي المذهل!

يعيش إيلون ماسك حياة استثنائية تجعله يكسب 300 مليون دولار يومياً. هل تساءلت يومًا عن روتينه اليومي الذي يساهم في تحقيق هذه الثروة الهائلة؟

Unlocking the Secrets: How Elon Musk’s Daily Routine Generates a Mind-Boggling $300 Million Every Single Day

Ever wonder how Elon Musk makes $300 million a day? Dive into the daily rituals of the tech titan and discover the surprising habits that propel him to extraordinary wealth.

Australians value batteries and EVs, but renewables industry must earn trust of regions, summit told

Clean Energy Council calls for a national, legislated scheme to funnel benefits of hosting renewables projects back to local councilsSign up for climate and environment editor Adam Morton’s free Clear Air newsletter hereOrganised campaigns against wind and solar energy have proved “extremely effective” in undermining community support for renewable energy but enthusiasm for electric vehicles has jumped following Donald Trump’s attack on Iran, according to a detailed snapshot of Australian attitu...