Russia defaults on debt for first time since 1998
Craig TaylorThe country fails to make a $ 100m interest payment as a result of Western sanctions. BBC News – Business
Business
Rail strikes: Union boss urges government to ‘tone down rhetoric’
Passengers across Britain are facing a third day of travel disruption as rail strikes continue. BBC News – Business
Train strikes: Why haven’t they caused more disruption?
The post-pandemic shift to working from home means disruption caused by the strikes has been more limited. BBC News – Business
Rail strike: Thursday walkout to go ahead as talks collapse
Transport Secretary Grant Shapps says the RMT union’s claim that he wrecked talks is “a total lie”. BBC News – Business
Food bills are set to soar by £380 this year
As grocery prices rise at their highest pace in 13 years, experts warn there are more hikes to come. BBC News – Business
Energy bills: Watchdog plans to prevent company closures
Ofgem says it wants to help energy firms be more resilient and better protect consumers if they do fail. BBC News – Business