The US has warned rates to remain high as it fights inflation The US central bank again said it would keep interest rates unchanged, citing a “lack of further progress” towards lowering inflation. The decision left the Federal Reserve’s key rate hovering at its highest level in more than two decades, in the 5.25%-5.5% range, where it has been since …

The UK predicts the slowest growth of the richest countries next year The UK economy will see the slowest growth of the largest developed countries next year, according to forecasts. The Organization for Economic Co-operation and Development (OECD) predicts that the UK’s gross domestic product – a key measure of economic health – will increase by 1% in 2025. This …

Weight loss drug wins 25,000 new US users a week Registrations for weight loss drug Wegovy jumped fivefold in the US in the first three months of the year, reaching a rate of more than 25,000 a week, maker Novo Nordisk said. The surge reflects strong demand for the drug which, alongside sister diabetes drug Ozempic, has been hailed as …

Uber faces £250m London black cab driver case Uber is facing a multi-million pound legal case brought on behalf of nearly 11,000 black London taxi drivers, in the latest challenge to the firm in the UK capital. Claimants claim that in order to obtain a license to operate in the city, the airline giant deliberately misled Transport for London (TfL) …

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