Watch: PM repeatedly asked if he will rule out VAT rise in Budget

In October, German carmakers are set to meet with Chancellor Merz at a summit aimed at addressing the future of the automotive industry. This meeting is significant as it brings together key players in the sector to discuss challenges and opportunities, particularly in the context of sustainability and technological advancements. The outcome of this summit could shape the direction of Germany's automotive policies and influence global trends.

In October, German carmakers are set to meet with Chancellor Merz at a summit aimed at addressing the future of the automotive industry. This meeting is significant as it brings together key players in the sector to discuss challenges and opportunities, particularly in the context of sustainability and technological advancements. The outcome of this summit could shape the direction of Germany's automotive policies and influence global trends.

Chancellor of the Exchequer Rachel Reeves has highlighted the precarious state of the UK's public finances, emphasizing the need for caution in budget management. This statement comes amid growing pressure from within the Labour Party to loosen fiscal constraints. Reeves' approach is significant as it reflects a commitment to fiscal responsibility during uncertain economic times, which could impact future government spending and public services.

Chancellor of the Exchequer Rachel Reeves has highlighted the precarious state of the UK's public finances, emphasizing the need for caution in budget management. This statement comes amid growing pressure from within the Labour Party to loosen fiscal constraints. Reeves' approach is significant as it reflects a commitment to fiscal responsibility during uncertain economic times, which could impact future government spending and public services.

The UK Treasury is under pressure as tensions rise with the Office for Budget Responsibility (OBR) over Labour's growth plans. With a potential £30 billion gap looming, Rachel Reeves may need to implement significant tax increases or spending cuts in her upcoming budget. This situation highlights the challenges facing the government in balancing economic growth with fiscal responsibility, making it a critical moment for Labour's economic strategy.

The UK Treasury is under pressure as tensions rise with the Office for Budget Responsibility (OBR) over Labour's growth plans. With a potential £30 billion gap looming, Rachel Reeves may need to implement significant tax increases or spending cuts in her upcoming budget. This situation highlights the challenges facing the government in balancing economic growth with fiscal responsibility, making it a critical moment for Labour's economic strategy.

A 41-year-old sporting goods retailer is shutting down, with the owner citing the overwhelming competition from online shopping as the main reason. This closure highlights the ongoing struggles traditional retailers face in adapting to the digital marketplace, raising concerns about the future of brick-and-mortar stores and the impact on local economies.

Rwanda is set to make history by hosting the 2025 UCI Road World Championships, a significant event that not only highlights the country's stunning terrain but also boosts its economy and positions Kigali as a global sporting hub. This milestone is important as it showcases Africa's potential in the world of sports and encourages tourism and investment in the region.

Kenn Ricci, the chairman of Flexjet, shares his remarkable journey from being a pilot to becoming a billionaire in the inaugural episode of WSJ Asks a Millionaire. He discusses his strategic bets on the ultrarich and reveals his unique philosophy on money, including an impressive $800,000 budget for vacations. This story matters as it highlights the mindset and decisions that can lead to extraordinary financial success, inspiring others to think differently about wealth.

Disney has disclosed that the production cost of 'The Marvels' increased by $13.3 million in the year following its release, although this rise was still considered consistent with the original budget. This information is significant as it highlights the financial dynamics of blockbuster films and how production costs can fluctuate post-release, impacting overall profitability.

Morgan Stanley has made a significant update to its stock forecast for Microsoft, indicating a positive outlook for the tech giant. This revision is important as it reflects confidence in Microsoft's future performance, which could influence investor sentiment and market trends. With the tech sector continuously evolving, such endorsements from major financial institutions can lead to increased investment and growth opportunities for Microsoft.

The film 'One Battle After Another' has made a remarkable $22.4 million at its opening, marking a new best for director Paul Thomas Anderson. This strong start is promising, but the film will need to keep audiences engaged to recoup its hefty production cost of around $130 million. Its performance is crucial not just for Anderson's career but also for the industry, as it reflects audience interest in ambitious projects.