Little action at Trump auction for Arctic oil rights

“Opening [Alaska’s Arctic National Wildlife Refuge] for responsible resource development could put more oil in our pipeline, put Alaskans to work, bring billions of dollars of investment to our state, support American energy independence, and provide critical revenues to our state and local communities,” he wrote.

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UK economic outlook has deteriorated, Bank of England warns

While the Bank said the UK's banking sector was well-placed to cope with a severe downturn, it said banks must increase the amount of money they set aside to absorb shocks. Starting a year from now, banks will be required to set aside a sum equal to 2% of their assets...

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Sainsbury’s customers switching to own-brand products

Announcing Sainsbury's latest trading update, Mr Roberts said: "We really understand how hard it is for millions of households right now and that's why we are investing £500m and doing everything we can to keep our prices low, especially on the products customers buy...

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