Finance

615
UK EV drivers to pay 3p per mile even when driving abroad under Labour plan
Electric vehicle (EV) owners will be taxed for driving abroad under Labour’s pay-per-mile plan.
662
Millionaires draw up exit plans as Miliband eyes capital gains tax overhaul
Wealthy Britons are preparing to leave the country if Ed Miliband becomes chancellor and launches a new tax raid on the rich, The Telegraph can reveal.
670
US Justice Department moves to drop $722m BitClub crypto fraud case
The Justice Department plans to end its criminal case against Matthew Goettsche, who prosecutors accuse of helping run the BitClub Network fraud scheme, before an October trial.
661
Trump shifted over $1.4bn in crypto earnings into stocks and bonds, filings show
President Donald Trump’s financial disclosures show that even as he and his two eldest sons were encouraging investors to plow their money into crypto projects — which resulted in steep losses for retail buyers — his money managers were investing a significant portion of the proceeds into safer harbors.
643
Former Ernst & Young tax chief faces losing £730,000 home after £600,000 court defeat
A multimillionaire tax accountant - who signed everything he had over to his wife to dodge paying debts - could now lose his "chocolate box" country home after a £600,000-plus defeat in court.
646
UK construction firm faces liquidation with £2m in debts
A UK construction company are in liquidation talks as their accounts show a huge £2 million in debts.
829
EU buys record €6bn worth of gas from Russia’s flagship Yamal LNG plant
Europe imported more liquefied natural gas from Russia’s leading LNG project than ever before in the first half of 2026, absorbing nearly all of the Siberian facility’s output months before an EU ban on Russian gas imports comes into effect.
743
Virgin Media hit with record £28m Ofcom fine for making it difficult to cancel contracts
The telecoms regulator said it had levied its largest-ever consumer protection fine against the telecoms firm after Virgin Media had, over a near three-year period from January 2022 to September 2024, caused customers on millions of calls “unreasonable effort, hassle or undue difficulty” when trying to cancel.
883
SpaceX and AI fortunes fuel new wave of wealth, but luxury spending is shifting
Sitting on roughly $3.5 million in SpaceX shares, Chip, a former data scientist at Elon Musk’s aerospace behemoth, has recently bought meteorites worth $10,000 and a $5,000 fire truck.
803
Sky agrees £1.6bn takeover of ITV to challenge Netflix, YouTube and Disney
Comcast’s Sky has agreed to buy the broadcast channels and streaming service of Britain’s ITV for £1.6 billion ($2.13 billion), creating a British champion to compete with global players YouTube, Netflix, Amazon and Disney.
686
Nord Stream loses €580m insurance battle after UK court rules war exclusion applies
Nord Stream has lost a €580mn lawsuit against insurers led by Lloyd’s of London over explosions that destroyed Russian gas pipelines to Europe, as a judge found they did not need to cover the damage.
785
Shipping industry retreats from net zero as fossil fuels regain dominance and nuclear ambitions grow
The shipping industry’s backing for green power has sunk as the majority of vessel owners stick to traditional dirty marine fossil fuels or explore alternatives including nuclear energy.
676
JD Sports to return nearly €250,000 after gift card expiry mistake in Ireland
JD Sports will now reissue 5,604 gift cards where an outstanding balance of €10 or more was cancelled on expiry of the card
907
France’s richest man Bernard Arnault ordered to pay €22.5 million in back taxes
France’s richest man, Bernard Arnault — billionaire owner of the luxury giant LVMH — has been ordered to pay nearly €22.5 million ($25.7 million) in additional taxes following a long-running dispute with tax authorities.
918
Nearly 1 million Trump crypto buyers lose $3.8bn while he pockets $1.4bn
An up-to-date tally of Trump followers turned crypto investors is in. And for them, the overall results are remarkably bad.
961
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.
670
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.
834
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).
937
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.
727
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.
733
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.
737
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.
807
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.
810
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.
635
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.