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Editorial desk
The OutOut Money Desk covers household finances, business and consumer issues in plain English. Every article is reviewed under OutOut News editorial standards.
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A Chinese court sentenced Evergrande founder Hui Ka Yan to life imprisonment for fraud, bribery and embezzlement, closing one chapter of a property collapse whose debts were larger than several national economies.
UK consumers may spend up to £3.5 billion more online each year than intended because charges appear after checkout begins. Trainline, Virgin Atlantic and RED Driving School are now under investigation.
Ofgem has raised the price cap by 13%, another increase is forecast for October and household energy debt has reached £4.79 billion. Meanwhile, Shell, BP and TotalEnergies have reported quarterly adjusted profits totalling $21.5 billion.
The average asking price of a newly listed home has fallen 2% in a month, as expensive mortgages and increasingly skeptical buyers force sellers back towards reality.