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Wallace and Gromit is a festive TV staple in many a household – but it wasn’t their wrong trousers that scooped the post-Christmas headlines. That honour belonged to Magnus Carlsen,

disqualified from a chess tournament

in New York for wearing jeans.

The orld No 1 – who …

Rachel Reeves will not break her promise to borrow money only for investment, even as gilt yields rose to their highest levels since the financial crisis, her deputy has said.

Darren Jones, the Treasury chief secretary, told MPs the chancellor would not borrow to pay for day-to-day spending despite rising …

Greggs, the UK’s biggest bakery chain, has reported slowing sales growth over the festive period, blaming weakening consumer confidence and fewer shoppers on high streets.

The company said its total sales rose by 11.3% to just over £2bn last year. Company-managed shops posted a 5.5% increase in sales at established …

The pound has fallen to a 14-month low against the US dollar as the sell-off in the bond market fuelled investors’ anxiety over UK assets and piled further pressure on the chancellor, Rachel Reeves.

As the bond sell-off gathered steam, sterling lost a cent against the US dollar, extending recent …

Tesco has recorded its “biggest ever Christmas”, with the UK’s largest supermarket chain landing its biggest share of the festive shopping trolley since 2016.

Sales at established UK stores rose 4% in the six weeks to 4 January, with fresh food performing particularly strongly and clothing and homeware sales also …

Good morning. Since Tuesday morning, a series of devastating wildfires have spread rapidly through the Los Angeles area in California. Amid winds of up to 100mph and in very dry weather, the blazes have spread rapidly in neighbourhoods from the Pacific Palisades to the Hollywood Hills.

At least five …

The Royal Mail is issuing 12 special stamps to celebrate the 1990s BBC comedy series The Vicar of Dibley.

Eight stamps depict memorable scenes from the sitcom, including a guest appearance by former ballerina Dame Darcey Bussell, while four stamps show a Dibley parish council meeting.

The Vicar of Dibley …

Rachel Reeves will fly with a delegation of City grandees to China this week as Labour seeks closer economic links with Beijing as part of its quest for growth.

With the

outlook increasingly rocky at home

after a run of soft economic data, the chancellor is sorely …

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