Wednesday, 22 July 2026 · Europe
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EUROPES The European Report
European Edition Wednesday, 22 July 2026
LATEST

Economy & Money

European economy, markets, the euro, ECB, inflation and business.

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I once protested against the G7. I feel no need now, because it’s collapsing all by itself | Zoe Williams

You cannot take a rules-based order seriously when only some of the participants are playing by the rules When 200,000 protesters …

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Driving test wait time target will not be met until autumn next year

The Transport Secretary was aiming to reduce the backlog to seven weeks by the autumn.

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Jaguar Land Rover reverses plans for an EV-only factory

Firm becomes latest carmaker to roll back on move away from fossil fuels with push for US sales growth and making more hybrid petr…

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Electrical retailer AO shifts UK call centre roles to South Africa

About 150 jobs have already been lost in Bolton as company reports 145% rise in profits and hands £20m to shareholders Business li…

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Lululemon apologises after Japanese drum row at Great Wall yoga event

Online uproar in China follows Canadian brand’s use of taiko drum at sponsored festival held to celebrate Chinese culture The acti…

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What is happening to UK prices?

The war in Iran is expected to push UK Inflation further above the Bank of England's 2% target.

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UK social media ban ‘likely to cause £1.3bn drop’ in digital advertising spend

TV streamers and family shows set to benefit as brands cease marketing to teenagers on sites such as YouTube Analysis: impact of s…

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New data release: ECB wage tracker points to stable negotiated wage pressures in 2026

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Japan raids ice cream giants over price-fixing allegations

The investigation on alleged cartel pricing of ice cream comes as Japan faces record summer temperatures.

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UK inflation unexpectedly stays at 2.8% with higher transport costs offset by slower food price rises – business live

Food prices rose at the slowest rate since December 2024 with declines in inflation for meat, cheese, vegetables and cheese Transp…

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Inflation remains at 2.8%, slightly lower than expected

Transport costs were rising the fastest, while the cost of food and non-alcoholic beverages fell slightly.

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UK inflation stays steady at 2.8% despite Iran conflict driving up fuel prices

Flatlining figure confounds forecasts of an increase to 3% as Bank of England prepares to set interest rates UK inflation unexpect…

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‘Tax break tart’: hospitality tipped to exploit summer VAT cut on children’s meals

As bosses ridicule the chancellor’s scheme, one venue is offering a £25 ‘kids’ menu of snails and anchovy butter toast Restaurants…

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'It's a unique scenario' - Inside Lidl's first ever pub

The supermarket chain Lidl owns and operates The Middle Ale, a 'world first' for the brand.

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Taxi fares set to increase amid rising costs

The council agrees to increase the maximum charges for Hackney carriage journeys, amid fears demand may fall.

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John Lewis injects £20m into Glasgow city centre store in wider branch reboot

Upgrade to Buchanan Galleries part of £50m spend this year and £800m by 2029 to revive appeal of department stores John Lewis is t…

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Is it bad that Elon Musk has a trillion dollars? Yes, and here’s why

Just as the ‘poverty line’ determines what’s required for basic living, we need a ‘wealth line’ to show when extreme wealth become…

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Struggling Pizza Hut chain to be sold for $2.7bn

The decision comes after a prolonged period of difficulty for the chain, which has faced increasing competition from a range of ri…

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SpaceX to buy AI coding firm Anysphere for $60bn and passes Amazon valuation

Elon Musk firm adds startup behind Cursor app to its portfolio with xAI and reaches $2.8tn market capitalisation Elon Musk’s Space…

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Musk's SpaceX buys AI coding start-up for $60bn days after IPO

Elon Musk's firm agrees to buy Cursor, while a surge SpaceX's shares sees it overtake Amazon to become the world's fifth most valu…

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Retail giants join UK government drive to boost ‘plug-in’ balcony solar panels

Asda, Amazon and B&Q among retailers in talks to sell devices that feed into household sockets and can cut electricity bills b…

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Struggling Pizza Hut restaurant chain to be sold in two deals worth $2.7bn

Yum! Brands, parent company of KFC and Taco Bell, to sell Pizza Hut as it faces dated stores and growing competition The strugglin…

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Fujitsu chair resigns after ‘woman-related inappropriate conduct’

Japanese technology company at centre of Post Office IT scandal is negotiating settlement with UK government over faulty software …

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Funds available to help with back-to-school costs

Applications open for funding to help families with the cost of school essentials.