Sadiq Khan says upgrade would unlock station’s true potential and allow it to live up to its name

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Stratford International train station in east London will receive funding in next week’s budget, according to reports, putting it on track to live up to its name and become a hub for cross-Channel services.

London’s mayor, Sadiq Khan, has been making a case to ministers for funding to upgrade the station to allow it to start running international rail services.

Conflict in Middle East is pushing jet fuel costs higher and many carriers are not hedged against such increases, Michael O’Leary says

Ryanair’s chief executive has predicted a record increase in European air fares next year, as airlines grapple with fuel bills pushed higher by the Middle East conflict.

Many carriers are not hedged against rising jet fuel costs, Michael O’Leary said, which he predicted would lead to airline bankruptcies and takeovers. He forecast these pressures would result in the price of plane tickets rising by as much as 20%.

Food producers are adding their voices to the chorus of warnings about the vulnerability of British supply chains

“There are so many decent, capable, productive, efficient arable farmers out there, asking how they are supposed to finance the crop they are meant to be putting in the ground,” Jamie Burrows says.

Sitting in his tractor at his arable farm in Norfolk, Burrows is listing the multiple challenges facing him and other food producers.

Experts say country does not have plan to feed people in a crisis and is unprepared for future shortages

Britain does not have a plan for how to feed people in a crisis and is unprepared for potential future food shortages, according to a warning from more than 150 experts delivered to Andy Burnham.

The climate crisis, geopolitical shocks, cyber-attacks and energy outages are among the threats to food chain security, according to the open letter, which claims the government is “complacent about food as a national security matter”.

Establish a new system of local food resilience committees under the Civil Contingencies Act 2004.

Audit the UK’s reliance on a few very large food companies and food imports.

Realign national food production around nutritional needs.

Create national, regional, local and community food storage schemes.

Support the decentralisation of the UK’s food supply.

Leaders agree a coordinated drawdown after surge in prices and Donald Trump’s threat to cut off US supplies

Leaders of G7 nations are to release up to 100m barrels of their emergency diesel and crude oil stockpiles after Donald Trump threatened to cut off supplies of US diesel.

The French President, Emmanuel Macron, said ministers from some of world’s largest economies had agreed to release stocks from their strategic oil reserves after crisis talks on Friday.

Alternative ways being used to move fuel out of Gulf region, but flows of refined products such as diesel still constrained

Exports of crude from the strait of Hormuz have largely returned to levels seen before the outbreak of the Iran war, as oil producers and the shipping industry have found alternative ways of transporting crucial fuel out of the Middle East.

Pipeline exports and ship-to-ship transfers are among the methods being used, according to analysts tracking the situation, while the US military continues to escort some vessels. However, flows of refined products such as diesel remain constrained, pushing prices higher.

Keys crops such as cereals, potatoes, sugar and oils grown in areas with moderate to very high risk

The vast majority of the UK’s essential foods, including cereals, potatoes, sugar and oil, are grown in areas of England rated as having a moderate to very high risk of drought.

A very high proportion – 81% – of England’s fresh produce is concentrated in parts of the country that are already experiencing water stress, according to the analysis by the nature-focused investment fund Rebalance Earth.

Sunil Bharti Mittal’s Airtel Money targets $9bn IPO in boost for ailing UK stock market

A payments business that operates across Africa and is ultimately controlled by an Indian billionaire has announced its intention to float on the struggling London Stock Exchange.

Airtel Money, the mobile money arm of Airtel Africa, is planning one of the biggest UK listings in years, in a boost for the shrinking London market that has faced a string of recent departures.

Unions, thinktanks and others say overhaul could provide investment Britain needs

Unions, thinktanks, environmental groups and charities have come together to call on ministers to boost the financial firepower of the national wealth fund to empower it to invest more in Britain and rebalance the country’s economy.

Lower energy bills, the revitalisation of the UK’s industrial heartlands and the provision of more high-quality jobs could all be unlocked by scaling up the NWF, according to a statement from organisations including the TUC, Greenpeace, WWF and the New Economics Foundation.

Turbocharging the retrofitting of homes and buildings.

Giving the public a bigger stake in critical infrastructure through taking part-ownership stakes in key projects.

Launching a targeted investment programme to bring new green industries to communities hit hardest by deindustrialisation.

Supporting a network of regional banks to funnel money into the small businesses that hold up local economies.

A charity in Powys provides the land while growers do the hard work, producing bumper crops for city children

Kilos and kilos of courgettes, cucumbers, tomatoes and salad leaves are ripe and ready for picking on a small Welsh farm in the rural county of Powys.

The haul being harvested by Tilly Gomersall is not just impressive after a difficult growing season hit by a record string of heatwaves and drought across all of Wales and most of England, but all the more remarkable given that 18 months ago the site was uncultivated pasture.

Workers who blame algorithms for lowering their earnings are getting help from academics to find out how the system works

Gig economy workers are urging delivery platforms to open up the “black box” of computer-driven algorithms that determine the jobs they are offered and how much they are paid, blaming increased use of AI for lowering wages.

A group of food delivery riders in Edinburgh say their rates of pay have fallen and their working conditions have deteriorated at the same time as Deliveroo, Uber Eats and Just Eat, the three dominant gig economy platforms in the UK and Ireland, have increased their use of automation.

Drivers concerned that bus operator’s offer to retrofit cabs on 730 buses will not be complete by next summer

London bus drivers have resumed strike action over having to work in high temperatures, amid fears that proposed improvements to air conditioning will not be complete by next summer.

About 1,500 members of the Unite union working across north London and Essex are taking part in the four-day strike from Tuesday to Friday, after industrial action earlier this month. Further stoppages are planned for the coming weeks.

Food Foundation sounds alarm over supply risks and price shocks as about 40% of Britain’s food is imported

The UK is vulnerable to food price shocks because of its dependence on imports of fruit and vegetable from countries even more exposed to the climate crisis, researchers say.

Much of Britain has sweltered under a record five heatwaves this year and endured drought and wildfires, with the hot, dry conditions damaging crops and reducing yields of domestic produce.

There are parched fields, overheating sheep and potentially the worst cereal harvest since detailed records began – but it’s a good year for cider apples

As parts of the UK swelter through a fifth successive climate crisis-driven heatwave and nearly three-quarters of England remains in drought, how are six homegrown products faring?

Fan blade broke off shortly after takeoff on 10 July flight from Greece to Germany, preliminary findings show

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Broken engine parts were responsible for shattering a window on a Ryanair plane, causing a passenger to be partly sucked out mid-flight in July, US investigators have said.

A preliminary report by the National Transportation Safety Board (NTSB) found an engine fan blade broke off shortly after takeoff on the 10 July flight from Greece to Germany shattering the window and damaging the fuselage.

Falling water levels linked to weather system are expected to limit number of slots to transit shipping lane

Commercial ships travelling through the Panama canal are facing a rise in costs amid disruption triggered by the Iran war and falling water levels linked to this year’s intense El Niño weather system.

Highlighting the fragility of global trade, a container ship reportedly paid about $4m (£3m) to jump a queue of vessels waiting to pass through the vital maritime choke point.

US-Iran war has stranded up to 20,000 seafarers, mostly Indian and Filipino crews, with none knowing when the nightmare will end

The panicked crew of a cargo ship broadcast a distress signal late on Monday night from their location in the strait of Hormuz. About 20 nautical miles north of the coast of Oman, the Minoan Pioneer bulk carrier was hit by an unknown projectile, causing a blackout in the engine room and a fire in the accommodation area.

The crew scrambled to put out the blaze and called for help from nearby vessels. When they managed to disembark from the Greek-owned, Liberian-flagged ship on Tuesday morning, they realised the third engineer was missing. Days later, he is yet to be found.

Company acquired in deal involving Affinity Partners, a firm run by Donald Trump’s son-in-law Jared Kushner

Electronic Arts, the maker of video games such as The Sims, Madden NFL and Battlefield, has been bought by Saudi Arabia’s wealth fund and a group of investors for $55bn (£41bn).

The company announced the completion of the deal on Tuesday evening, only days after the EU gave its approval, the final regulatory green light needed.

Growers in dismay after scorching weather and lack of rain affect yields, sending wholesale prices rocketing

Pubs, restaurants and supermarkets are having to buy lettuce and broccoli from Spain at what should be the height of UK growing season, as drought and extreme heat hit crops.

The wholesale price of tomatoes is up by more than 60%, iceberg lettuce by 90% and potatoes by more than 40% as a number of farmers struggle to grow in consistently high temperatures. Even those with irrigation systems and reservoirs on their farms say water is running low.

Drop comes after South Korean company SK Hynix’s results undershoot investors’ expectations

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Shares in companies linked to AI have plunged further after disappointing results from the South Korean chipmaker SK Hynix, which sent the country’s stock market tumbling for a second day in a row.

Seoul’s Kospi index, which is dominated by semiconductor manufacturers, slid by as much as 12.6% at one point on Wednesday, following on from a near 11% slump the previous day, reaching its lowest level since early April.