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Politics

UK Chancellor Healey has reportedly called in retail and hospitality chiefs for pre-Budget talks next week amid industry concerns over a business rates raid, Sky News reports

StockNow breaking-news AI analysis

Sky News reported proposed pre-Budget talks amid business-rates concerns. Separately, the IPPR proposed an online sales tax to fund high-street business-rates cuts.

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Fed

Fed’s Waller (voter) says more rate hikes are likely needed to tame inflation, but there is flexibility over the pace and hikes do not need to be consecutive

Geopolitics

Reports of explosions heard and fires visible in Riyadh, Saudi Arabia, IRGC-linked Iraqi militia media Sabereen News reports

Geopolitics

Iranian supreme leader’s adviser says the Strait of Hormuz will not reopen until outstanding issues are resolved, Al Jazeera reports; Iran will take any measures necessary to strengthen the country