Average mortgage rates below 5% for first time since Truss budget
Average two-year mortgage rates have fallen to 4.99%, the lowest point since September 2022. Source: Original News
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Claire’s falls into administration with 2,150 jobs at risk
Claire’s has appointed administrators in the UK and Ireland, but its shops will stay open as it considers a possible sale. Source: Original News
British Gas-owner buys huge LNG terminal for £1.7bn
The takeover will give Centrica greater control of liquified natural gas supplies in the UK. Source: Original News
Are latest UK growth figures good or bad news for the economy?
Depending on the timeframe you look at, the GDP figures can be seen as glass half full or half empty. Source: Original News
UK economic growth slows but beats forecasts
The economy expanded by 0.3% in the April-to-June period, ahead of economists’ expectations. Source: Original News
Law Firms That Settled With Trump Are Asked to Help on Trade Deals
Boris Epshteyn, a personal lawyer for President Trump, connected two firms — Kirkland & Ellis and Skadden Arps — to the Commerce Department. Source: Original News
A Solution to the C.I.A.’s ‘Kryptos’ Sculpture Goes Up for Auction
Sleuths have solved three of the panels of the Kryptos sculpture at the agency’s headquarters. Now the artwork’s creator is announcing the sale of the solution to the fourth. Source: Original News
Alaska’s Ukrainian Refugees Brace for Putin’s Arrival in Their Safe Harbor
Ukraine’s president, Volodymyr Zelensky, was not invited to the Trump-Putin summit in Anchorage, but 1,000 Ukrainian refugees in Alaska will be watching with trepidation. Source: Original News
Trump Wants to ‘Take Back’ D.C., but the Federal Government Already Controls Much of It
The president and his allies have berated local officials. Yet the federal government has often made it harder for those officials to manage the capital. Source: Original News
Big Tech’s A.I. Boom Is Reordering the U.S. Power Grid
Electricity rates for individuals and small businesses could rise sharply as Amazon, Google, Microsoft and other technology companies build data centers and expand into the energy business. Source: Original News