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MPs from a key committee have declared they have no confidence in South East Water's (SEW) leadership to turn the company around after a litany of failures.

Inflation could rise to 6.2% next year, with interest rates peaking at 5.25%, in the event of a prolonged energy shock with oil prices remaining above $130 a barrel, according to a worst-case scenario modelled by the Bank of England.

The owner of hotel chain Premier Inn has announced plans to cut 3,800 jobs as part of an overhaul of its restaurants.

Elon Musk has accused his rival Sam Altman of trying to "steal" a charity as he fights his $150bn (£111bn) court claim over OpenAI.

UK long-term borrowing costs have hit their highest level since 1998 as global oil prices near Iran war peaks as a result of fears of extended disruption to flows from the Middle East.

The United Arab Emirates (UAE) has said it is to leave the OPEC and OPEC+ cartels of oil-producing nations, potentially threatening greater turbulence for global energy markets ahead.

Asda has been named the cheapest supermarket for branded items for a second month, with shoppers paying over £3 less for one popular olive oil than at Waitrose.

The oil and gas producing giant BP has recorded a more than doubling of profits as it benefits from high prices from the Iran war.

The indirect effects of Iran war inflation are "likely to be largest for food prices".

Two of the world's richest and most powerful men are to enter a courtroom to fight over one of humanity's most influential companies after years of bitter attacks.