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JP Morgan warns rebound in UK inflation is ‘warning shot for what could come next’; oil prices rise again – business live

Inflation rebound driven by biggest jump in gas bills since October 2022; Asian shares slump after Wall Street chip sell-off

Chinese carmaker Chery to set up UK research centre

Manufacturer, which makes Jaecoo and Omoda brands, will open facility in Bedfordshire in autumn

Rising inflation underlines scale of Andy Burnham’s cost of living challenge

PM’s plan to shield households from more pressure risks being overwhelmed by wider price rises

Dubai opens community markets with 866 stalls for workers in Muhaisnah and Al Quoz

Dubai Municipality completes development of integrated community markets for workers across key labour areas

Forecast energy price cap rise in Britain could push UK fuel bills up 4% this winter

Expected quarterly rise highest in three years and likely to wipe out Burnham’s VAT cut on electricity bills