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Latest financial, market & economic news and analysis from The Guardian
Site URL: www.theguardian.com/uk/business
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Posts: 165
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UK high street bosses urge chancellor to cut cost of employing young people
Published: October 13, 2026 17:43
Retailers call on John Healey to reduce national insurance contributions threshold in his first budgetSome of the UK’s biggest retailers and hospitality businesses, including Tesco, Costa Coffee and the Co-op, have met John Healey to urge him to cut the…
UK asks Interpol to reject Argentina’s ‘politically motivated’ requests for Falklands oil arrests
Published: October 13, 2026 17:42
Exclusive: Caution urged over Javier Milei government’s ‘red notice’ requests for arrest of individuals linked to oil projectBritain has appealed to Interpol to reject Argentina’s requests for the arrest of individuals involved in a large oil project off…
The Guardian view on Burnham’s Brexit reset: overdue, but proceed with care | Editorial
Published: October 13, 2026 17:30
The prime minister is correct to judge the time is right to push for closer links with the EU. The political risk is far outweighed by the potential rewardsThe German philosopher GWF Hegel famously evoked the owl of Minerva when discussing the historical…
Elon Musk becomes biggest donor of US midterms cycle with $366m spent
https://www.theguardian.com/us-news/2026/oct/13/elon-musk-political-donor-midterm-elections
Published: October 13, 2026 17:13
Musk’s midterm donations, mostly for rightwing candidates and causes, surpass his contributions to Trump in 2024Elon Musk has become the biggest political donor of the 2026 US midterm elections cycle, funneling about $366m into political groups and…
The Conservatives’ ‘better tomorrow’ only includes rich people | Letters
Published: October 13, 2026 16:50
Terry Peach responds to Kemi Badenoch’s conference speech, while Penelope Turton writes on her promise to cut inheritance taxKemi Badenoch’s conference speech rehearsed the argument that Andy Burnham’s economic policies were warped by his “nostalgia” for…
Apple unveils new smart home devices that showcase upgraded Siri AI
https://www.theguardian.com/technology/2026/oct/13/apple-new-smart-home-device-ai
Published: October 13, 2026 16:25
New products from Apple include the HomeView, an iPad-like device that acts as a hub for other smart home gadgetsApple on Tuesday began showing off a new round of smart home products, including an iPad-like device dubbed the HomeView, meant to hang on…
Football regulator chair insists he will resign if politically pressured over Manchester City
Published: October 13, 2026 16:00
Kogan says he has faced ‘absolutely no political pressure’Regulator wants deal on redistribution through leaguesThe chair of the Independent Football Regulator (IFR), David Kogan, has said he will resign if he faces any political pressure on how to respond…
Britons travelling to Europe told not to apply for delayed Etias visa waiver
Published: October 13, 2026 15:21
Abta advice comes as more than more than 150 websites offer service of securing entry to Schengen zoneBritons travelling to Europe have told not to apply for an Etias visa waiver, with more than 150 websites touting the service despite its introduction…
Companies rushed in on AI. Now some are pulling back
https://www.theguardian.com/technology/2026/oct/13/ai-companies-rushed-workers-fallout
Published: October 13, 2026 15:00
Rapid AI adoption left workers cleaning up a flood of errors and low-quality workEmployers around the globe are grappling with the fallout from rushing to adopt fast-changing artificial intelligence tools.Meta has scaled back plans to axe staff and use…
The biggest threat from AI is the sense that we have no say in it. To that I say game on | Peter Lewis
Published: October 13, 2026 14:00
The tech bros and their highly paid sock puppets are banking on us giving in to their ‘inevitability doctrine’. But in Australia, and around the world, resistance is risingOf all the drivers of the populist wave, one of the most powerful is the sense of…
Burnham’s Your First Home scheme ‘could boost Bellway’s house output by 10%’
Published: October 13, 2026 11:59
Help-to-buy initiative for England could slow market while first-time buyers wait for launch, builder admitsBusiness live – latest updatesThe new Your First Home programme for first-time buyers could increase the number of houses British builder Bellway…
Hobbs and Whistles owner investigates hack that may have exposed customer data
https://www.theguardian.com/business/2026/oct/13/hobbs-whistles-hack-cyber-attack-asos
Published: October 13, 2026 10:11
Cyber-attack on TFG London comes less than a week after online fashion seller Asos was hit by hackersBusiness live – latest updatesThe owner of Phase Eight, Hobbs and Whistles has said its websites and IT systems have been hit by a cyber-attack that may…
UK holiday demand may have peaked amid cost of living squeeze, says travel industry
https://www.theguardian.com/business/2026/oct/13/uk-holiday-demand-travel-industry-spain-deals-abta
Published: October 13, 2026 09:30
Spain remains most popular destination as Britons book later in hope of better deals, Abta report findsBusiness live – latest updatesThe UK’s cost of living squeeze means fewer people plan to ringfence money for holiday abroad next year, the travel…
UK shoppers seek deals as grocery price inflation rises again
Published: October 13, 2026 08:21
Supermarkets use special offers to draw in sales, while more people buy Halloween products early this yearBusiness live – latest updatesUK grocery price inflation has edged up again as shoppers lean on special offers to keep their costs in check, new…
Chip stocks slide after Broadcom boss likens AI investing to ‘casino’
https://www.theguardian.com/business/2026/oct/13/chip-stocks-broadcom-ai-samsung-shares-cxmt
Published: October 13, 2026 08:01
Asian markets fall and Samsung shares tumble after its Chinese rival CXMT claims strong progressBusiness live – latest updatesShares in semiconductor companies fell on Tuesday after the boss of Broadcom compared many AI investors to “casino” gamblers, and…
IMF raises UK growth forecast in boost for chancellor - business live
Published: October 13, 2026 06:38
Rolling coverage of the latest economic and financial newsSusannah Streeter, chief investment strategist at the broker Wealth Club, says the tech-light nature of the FTSE should give it some protection from the AI sell-off in Asia when the UK’s market…
BT charged me for more than a year despite landline being dead
https://www.theguardian.com/money/2026/oct/13/bt-charge-landline-phone-digital-voice
Published: October 13, 2026 06:00
It is billing £32.99 a month but I have had no functioning phone line since it switched me to Digital VoiceI’ve had no landline since May 2025 when BT switched it to Digital Voice. Weeks passed, and each call to BT involved at least an hour waiting on hold…
‘People sell their best stuff on Vinted’ – how charity shops became a dumping ground for unsellable clothes
Published: October 13, 2026 06:00
Swamped with ‘daily avalanches’ of soiled items and poor-quality fast fashion, secondhand stores are in crisis. What went wrong with people’s good intentions? And is it possible to donate more effectively?The small stockroom of St Raphael’s Hospice charity…
Lobbying, lawyers and a media blitz: the fight to kill the Church of England’s £100m slavery compensation fund
https://www.theguardian.com/world/2026/oct/13/church-of-england-slavery-compensation-fund
Published: October 13, 2026 05:00
Some of Britain’s wealthiest financiers, including Sir Paul Marshall, have given a platform to critical coverage or are linked to its leading opponent“This is virtue signalling,” said Nigel Biggar. “These are elites who are trying to demonstrate that they…
Bedbug infestation forces Qantas to ground plane in Rome
Published: October 13, 2026 04:21
Aircraft taken out of operation after flight from Perth after the discovery of parasitic insects on board Qantas has been forced to ground a plane in Rome after bedbugs were discovered on the aircraft on its way from Perth.The parasitic insects were found…
French supermarket director apologises after cyber-attack spoils fresh and frozen food - video
Published: October 13, 2026 02:57
A cyber-attack caused refrigeration temperatures to soar to 50C overnight on Monday across several hundred French supermarkets, with widespread food losses reported. At Intermarché La Haye, the attack caused fridge temperatures to reach 27C (80F), spoiling…
IMF warns global economy ‘could soon test the limits of resilience’
Published: October 13, 2026 02:00
World Economic Outlook says states’ oil stocks are low and budgets are overstretched, as it upgrades UK GDP growth forecast for 2026Developing nations face triple shock, UN warnsThe global economy “could soon test the limits of resilience”, as emergency…
When AI is subject to less regulation than your fridge, something is startlingly wrong | Richard Hermer
Published: October 12, 2026 17:33
Let’s be clear: the risk to humanity is unprecedented. Without an urgent public debate and robust use of international law, we will lose control of the futureIn my two years as attorney general, I spent more time working on national security than any other…
Stellantis and Renault back UK to get EU car industry protection
https://www.theguardian.com/business/2026/oct/12/stellantis-renault-uk-eu-car-industry-imports-china
Published: October 12, 2026 17:22
Bosses of Citroën owner and French carmaker also urge UK government to consider limiting imports from ChinaStellantis and Renault have backed the UK car industry for inclusion in proposed rules to protect EU industry, but urged the British government to…
Hackers force French supermarket fridges to heat up to 50C in ‘unprecedented’ cyber-attack
Published: October 12, 2026 16:38
Hundreds of Intermarché shops and Coopérative U outlets in France hit, with fears Dutch chains also affectedHackers have forced the temperature of many French supermarket fridges up to 50C overnight, in an “unprecedented” cyber-attack affecting several…
Nobel Prize for economics awarded to Hall and Woodford for work on ‘smoothing’ crises
Published: October 12, 2026 14:20
US economists developed models that help central bankers and finance ministers to stabilise their economiesBusiness live – latest updatesTwo US economists have won the 2026 Nobel economics prize for their work developing models that help central bankers…
EU to limit Chinese hybrid vehicle imports to 350,000 a year
Published: October 12, 2026 11:23
Brussels uses WTO rules to quickly impose quota, which will halve Chinese market share to 3%Business live – latest updatesVW boss backs EU plan to bolster domestic industryThe EU is to limit the number of hybrid electric vehicles imported from China to…
AI less regulated than milk, Microsoft president says in warning over safety
Published: October 12, 2026 07:52
Brad Smith adds to calls for tougher rules for AI, including ‘kill switches’ and legal obligation to victims of rogue agentsBusiness live – latest updatesArtificial intelligence is less regulated than milk and washing machines, the president of Microsoft…
UK inflation pressures hits three-year high; Nobel prize for economics awarded today – business live
Published: October 12, 2026 06:34
Rolling coverage of the latest economic and financial newsThe biggest prize in economics, the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, will be awarded today.Known as the Nobel Prize in Economics (although it’s not one of the…
UK van drivers face extra £2.5bn in diesel costs this year, figures show
https://www.theguardian.com/money/2026/oct/12/uk-van-drivers-diesel-costs-fuel-duty
Published: October 12, 2026 06:00
Calls for planned fuel duty rise to be scrapped as analysis finds average fuel bill could hit £1,965, up from £1,294Millions of British van drivers face a combined £2.5bn cost to cover the rising price of diesel this year, according to figures, fuelling…
The Gulf has entered a new era of instability. If its leaders think they can rely on old alliances, they are wrong | Nesrine Malik
Published: October 12, 2026 06:00
The latest attack by Houthi rebels on Saudi Arabia may prove to be more calamitous for the region than the world imaginesOn Saturday, Houthi rebels launched a shocking and deadly attack on Saudi Arabia’s capital city, Riyadh. At the time of writing, the…
Drivers forced to use parking apps can pay up to 40% more
https://www.theguardian.com/money/2026/oct/12/parking-apps-pay-more-council-car-parks-fees
Published: October 12, 2026 06:00
Council car parks have switched away from ticket machines to cut costs, leading to extra fees for usersDrivers are unwittingly paying up to 40% more to park as more councils switch to app-only payments and force customers to pick up the tab.Many councils…
Father was asked for DNA test to get a passport for his daughter
https://www.theguardian.com/money/2026/oct/12/father-dna-test-passport-daughter-dual-national
Published: October 12, 2026 06:00
New post-Brexit rules mean that dual nationals cannot enter the UK unless they have a British passportMy teenage daughter is unable to see her grandparents because of the UK’s new requirement for dual nationals to hold a UK passport.I’m a UK citizen,…
IFS: budget will be ‘work of fiction’ without clear plan to cover UK’s £35bn spending pressures
Published: October 12, 2026 05:49
Thinktank’s influential pre-budget report urges key decisions to be made now and not put off until next yearJohn Healey has been warned by Britain’s leading tax and spending experts that his budget risks being a “work of fiction” unless he sets out plans…
Roman Abramovich aides falsified paperwork to disguise assets and dodge tax, records suggest
https://www.theguardian.com/world/2026/oct/12/roman-abramovich-aides-paperwork-tax-records-suggest
Published: October 12, 2026 05:00
Accountancy firm Deloitte Cyprus among those that appear to have backdated records outlining the Russian billionaire’s assetsAides of Roman Abramovich – including staff at the global accountancy firm Deloitte – falsified paperwork mapping the oligarch’s…
Volkswagen boss backs EU plan to bolster domestic European industry
Published: October 11, 2026 16:53
Oliver Blume says ‘Made in Europe’ rules to counter rapid rise of lower-price Chinese brands ‘must reward real value creation’The boss of Volkswagen has backed EU proposals to boost its domestic industry, arguing European carmakers need to be able to…
Trump’s deal with Putin will have little impact on US diesel prices, experts warn
https://www.theguardian.com/us-news/2026/oct/11/trump-russia-diesel-deal-putin-little-impact-prices
Published: October 11, 2026 15:56
Analysts say fuel will take weeks to ship and is too small to affect prices, with the full deal unlikely to be met given damage to Russian refineriesZelenskyy rejects Trump claim of Ukraine-Russia ‘energy ceasefire’Donald Trump’s deal with Vladimir Putin…
Pete Songi on Donald Trump’s plan to buy diesel from Russia – cartoon
Published: October 11, 2026 14:15
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Why a Chilean salt flat is a microcosm of the extractive frontiers of green capitalism
Published: October 11, 2026 12:00
In the Atacama desert, the extraction of lithium – so crucial to addressing the climate crisis – comes with escalating social and environmental costsA high-altitude desert plateau traverses Argentina, Bolivia and Chile. I am on the Chilean side, sitting in…
US’s Reagan-era economic promises return as Trump’s AI-fueled growth fantasy
https://www.theguardian.com/business/2026/oct/11/trump-ai-economy-reagan
Published: October 11, 2026 11:00
‘Even if AI supercharged the economy, its impact on the government’s finances would be muted’Back through political history to the age of Ronald Reagan, Republicans have repeatedly promised the US public that tax cuts would pay for themselves, firing up…
‘Some aren’t going to make it’: how pressure on farmers threatens UK food security
https://www.theguardian.com/uk-news/2026/oct/11/farmers-uk-food-security-producers-supply-chains
Published: October 11, 2026 11:00
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…
Labour has got the message – poorer nations suffer most from bond market turmoil | Heather Stewart
Published: October 11, 2026 10:11
Just as Brown and Blair did in 2005, Andy Burnham aims to champion debt relief to help developing countriesDeveloping nations face triple shock, UN warnsFrom Washington to Paris, London to Tokyo, policymakers in every large economy have been counting the…
‘Halloweenmas’: how the spooky one-nighter turned into a month-long spectacular
https://www.theguardian.com/business/2026/oct/11/halloween-from-one-night-to-month-long-celebration
Published: October 11, 2026 07:00
Welcome to Halloweenmas, weeks of themed fun and gifts – from costume parties to decorating trees – without the stress, rules or cost of ChristmasThe tree is up, the wreath is hanging on the front door and you’ve just opened your advent calendar. All told,…
‘You have a meeting’: the calendar phishing scam growing exponentially
Published: October 11, 2026 06:00
Appointment or renewal reminder appears in victims’ calendar to lure them into logging in to fake Google, Microsoft or PayPal pageYou’re preparing for the week ahead and take a look at your Google calendar. There’s an entry for a meeting that you must have…
‘We need less point scoring’: What party conference season taught us about UK climate action
Published: October 11, 2026 06:00
Tories plan to scrap low-carbon housebuilding, Greens back new nuclear reactors, and Labour put oil-drilling decisions on holdNew homes could be built without solar panels, heat pumps and high-grade insulation, leading to higher household bills if the…
Developing nations face triple shock from energy crisis, El Niño and borrowing costs, UN warns
Published: October 11, 2026 04:00
UN’s development arm calls for urgent action as crises could ‘throw tens if not hundreds of millions back into poverty’Developing countries face a triple shock from the energy crisis, El Niño and surging borrowing costs and need urgent support from the…
Why we’re stuck with a Premier League in the clutches of the global mega-rich | Jonathan Wilson
https://www.theguardian.com/football/2026/oct/10/why-premier-league-in-clutches-of-global-mega-rich
Published: October 10, 2026 19:00
There’s little prospect of the model changing in a country that welcomes wealthy international owners with open armsFootball, the world’s most popular sport, played by laws drawn up in London in 1863. The Premier League is the UK’s greatest soft power…
United Auto Workers president Shawn Fain easily wins re-election
https://www.theguardian.com/us-news/2026/oct/10/uaw-president-shawn-fain-wins-re-election
Published: October 10, 2026 13:46
Fain was dogged by investigation but still decisively beat challenger Rich Boyer, who received just 13% of vote The president of the United Auto Workers, Shawn Fain, has easily won his re-election bid after an campaign period marred by accusations of…
How a South African billionaire is turning a corner of Somerset into ‘one man’s estate’
Published: October 10, 2026 13:00
Koos Bekker’s Newt estate encompasses luxury hotels, pubs and high street business, with local concerns including floodingWhen South African billionaire Koos Bekker bought an old country estate in a sleepy corner of Somerset to turn it into a luxury…
FDA may allow some toxic chemicals to be added to food without safety review. Experts are alarmed
https://www.theguardian.com/us-news/2026/oct/10/fda-toxic-chemicals-food-analysis
Published: October 10, 2026 12:00
Regulator looks to expand loophole to allow dangerous compounds in food as long as they’re not carcinogenicThe US Food and Drug Administration (FDA) is proposing to expand a controversial loophole to allow some of the world’s most toxic chemicals to be…
Tourism expansion v turtle nests: the dispute dividing communities in one Tobago resort
Published: October 10, 2026 11:00
Plans for a 200-room project on an unspoiled beach have pitted developers against the conservationists fighting for smaller-scale schemes to protect the island’s habitatVisitors to Rocky Point in south-west Tobago are drawn to its sandy beach, fringed by…
‘People are pissed’: union decries TSA’s removal of chairs for checkpoint staff
https://www.theguardian.com/us-news/2026/oct/10/tsa-union-agency-checkpoints-chairs
Published: October 10, 2026 11:00
Order for workers to remain standing to ‘reinforce professionalism’ draws rebuke amid plunging moraleUnion officials have launched a campaign to allow airport security staff to sit once more after the Trump administration unilaterally removed all the…
‘Our town is making jeans again’: meet the firm reviving jobs and skills in Wales
https://www.theguardian.com/business/2026/oct/10/hiut-denim-jeans-cardigan-wales-manufacturing
Published: October 10, 2026 11:00
In the first article in a series on high end British manufacturing, we visit the Hiut Denim factory in CardiganWorn on the streets of London’s Soho, San Francisco or Sydney, every pair of high-end jeans made by Hiut Denim comes from the rather unlikely…
Telegraph owner poised to make newsroom job cuts in investment promise U-turn
https://www.theguardian.com/media/2026/oct/10/telegraph-owner-axel-springer-newsroom-job-cuts-u-turn
Published: October 10, 2026 10:31
Exclusive: German media group Axel Springer said to be planning between 50 and 100 editorial redundanciesThe new owner of the Telegraph is preparing to make significant job cuts to its newsroom, just months after stating it would invest in the title to…
Zelenskyy furious as Trump announces deal to buy Russian diesel
https://www.theguardian.com/us-news/2026/oct/09/trump-putin-russian-diesel-ukraine
Published: October 10, 2026 10:09
US president says agreement needed to lower American fuel prices, but move likely to create fresh crisis with Ukraine and Nato alliesDonald Trump was on a fresh collision course with the Ukrainian president, Volodymyr Zelenskyy, and European allies after a…
UK must not be beholden to foreign AI, says head of Alan Turing Institute
Published: October 10, 2026 10:00
George Williamson says ‘national resilience’ is key focus of ATI amid US and China’s runaway leadership in fieldThe UK must not become dependent on foreign AI systems that can be switched off at short notice and must develop its own versions of the…
UK savings: 5% interest rate deals may not last, say experts
https://www.theguardian.com/money/2026/oct/10/uk-savings-interest-rate-deals-nsi-bonds
Published: October 10, 2026 06:00
Competition is hotting up, with National Savings & Investments lifting rates to the highest in yearsNational Savings and Investments (NS&I) has increased the returns on some of its accounts, with many now paying more than 5% for the first time in nearly…
How to storm-proof your home, from roof tiles to garden fences
https://www.theguardian.com/money/2026/oct/10/storm-proof-home-roof-garden-pipes-flooding-winter
Published: October 10, 2026 06:00
With an extremely wet and windy winter forecast, take steps to keep you and your home safe and dryWith the Met Office warning that this year’s supersized El Niño could mean a wet and stormy winter lies ahead, it’s never been more important to maintain your…
Trump establishes committee to investigate Fed governor Lisa Cook
https://www.theguardian.com/business/2026/oct/09/trump-investigate-lisa-cook-fed-governor
Published: October 9, 2026 16:02
US president renews his efforts to oust Cook despite supreme court ruling that her firing was unconstitutionalDonald Trump announced on Friday that he is establishing a committee to investigate Lisa Cook, the US Federal Reserve governor, over allegations…
Christian Bittar has conviction for rigging interest rates quashed
Published: October 9, 2026 15:59
Former City banker becomes eighth to clear their name, just days after five others were acquittedFormer City trader Christian Bittar has become the eighth person to have his conviction for rigging interest rates quashed, just days after five other former…
China agrees to ‘halve’ hybrid car exports to EU in landmark deal
Published: October 9, 2026 15:05
Brussels says Beijing’s shipments could fall by more than half over four years, cutting millions of vehicles amid fears for European jobsThe EU said it has reached a landmark deal with China to “halve” its sales of hybrid cars in the bloc amid fears…
Lost generation: the AI threat to Britain’s next great directors
https://www.theguardian.com/film/2026/oct/09/ai-threat-britain-directors-ridley-scott-guy-ritchie
Published: October 9, 2026 15:00
Commercials once launched careers from Ridley Scott to Guy Ritchie, now automated production is cutting costs – and the chance to learn by doingWhen Ridley Scott was awarded the UK’s highest accolade for a glittering career directing films from Alien and…
Tory tax break for banks has cost UK public purse £6bn, says TUC
https://www.theguardian.com/money/2026/oct/09/tory-tax-break-banks-cost-uk-public-purse-tuc
Published: October 9, 2026 13:18
Exclusive: Chancellor urged to reverse Rishi Sunak’s tax surcharge cuts to claw back billions in lost revenueBusiness live – latest updatesTax cuts for big banks have deprived the UK government of £6bn in revenues, according to campaigners, who are calling…
Democrats are candid about what they will do if they get control of the Senate and House – here are their priorities
https://www.theguardian.com/us-news/2026/oct/09/democrats-control-house-senate-priorities
Published: October 9, 2026 13:00
Control of Congress after the 2026 midterm elections would give Democrats power to subpoena documents and testimonyIn August, Jamie Raskin renewed his demand that Jared Kushner hand over documents about the overlap between his informal role advising Donald…
‘This is not an anti-tech town’: backlash to datacenter in city once home to IBM
https://www.theguardian.com/us-news/2026/oct/09/datacenter-backlash-ibm-east-fishkill-new-york
Published: October 9, 2026 13:00
Fight in East Fishkill, New York, part of a growing divide over whether AI benefits outweigh enormous downsidesFor decades, East Fishkill helped build New York’s tech industry.The hamlet, located 70 miles north of New York City, was home to a 460-acre…
Thieves make off with €5m haul from prestigious Italian winery
Published: October 9, 2026 11:57
Gang broke into cellar of Marchesi Antinori in Cortona and loaded two trucks with 30,000 bottles before getawayThousands of bottles of wine worth €5m (£4.2m) have been stolen from a prestigious winery in Tuscany in what is thought to be the biggest heist…
Shein outsells British rival Asos as UK revenue hits £2.58bn
Published: October 9, 2026 11:49
Online retailer’s 26% jump sharpens focus on exemption letting cheap parcels into the country duty-free Shein, the online fast-fashion retailer founded in China, increased sales in the UK by just over a quarter last year, overtaking its British rival…
The new Darth Vader: how tech execs became the film villains of our age
Published: October 9, 2026 11:05
Jeremy Strong’s portrayal of Mark Zuckerberg in The Social Reckoning shows how public opinion has changed around billionaire CEOs since The Social Network’s releaseWhen The Social Network came out, Mark Zuckerberg organised a staff viewing of a film he…
AI and the climate crisis pose existential risks. The law offers a way to reduce them | Robert Reich
https://www.theguardian.com/commentisfree/2026/oct/09/ai-climate-change-liability-lawsuits
Published: October 9, 2026 11:00
Liability lawsuits have held tobacco, oil and pharma companies to account in the past. AI investors won’t ignore this threatThe most basic function of government is to protect people from harm. Two growing phenomena – the climate crisis and AI – pose…
OpenAI projected to bring in $20bn less in revenue than expected
https://www.theguardian.com/technology/2026/oct/09/openai-forecast-revenue-gap
Published: October 9, 2026 08:06
Questions raised over AI growth as ChatGPT maker forecasts this year’s revenue at $50bn, way below the $70bn signalled beforeBusiness live – latest updatesOpenAI has revealed that it is making about $20bn less in projected revenue than it had recently…
Oil prices fall as Trump pauses Iran attacks, China restarts fuel exports – business live
Published: October 9, 2026 07:41
Brent crude prices fell on Friday as president Donald Trump promised not to attack Iran ahead of the US midterm elections in NovemberUK and US telecom stocks have tumbled after Elon Musk’s SpaceX took a major step towards launching a Starlink mobile…
Adidas accuses Australian label White Fox of ‘trading off its reputation’ with use of four-stripe branding
Published: October 9, 2026 06:05
Global sportswear brand is suing online retailer in the federal court for selling clothes featuring ‘deceptively similar’ designGlobal sportswear brand Adidas claims Australian label White Fox is trying to trade off its reputation by infringing its…
New-build homes for first-time buyers in England – in pictures
Published: October 9, 2026 06:00
From a flat in a new urban village in London to a family-sized home in a rural village in Norfolk Continue reading...
Virgin unveils its future cross-Channel train as it gears up to take on Eurostar
https://www.theguardian.com/business/2026/oct/09/virgin-cross-channel-train-eurostar
Published: October 9, 2026 06:00
Group plans to launch services from London in 2030 and hopes to outshine competitor with design inspiration from its airline, cruise and hotel armsFlash interiors, fancy food and maybe even a bar: Virgin has unveiled a mock-up of its future cross-Channel…
British households would be £5,000 richer if we were more innovative. Let’s unleash our talents | Gordon Brown
Published: October 9, 2026 05:00
We have a deep reservoir of assets, but struggle to turn small companies into global success stories. Innovation needs to be at the heart of government policyGordon Brown was UK prime minister from 2007 to 2010The coming 10 years are almost certain to be…
Revealed: the ‘black box’ wastewater trade that rakes in millions for UK utility companies
Published: October 9, 2026 05:00
Exclusive: Firms made more than £340m last year from processing industrial and commercial wastewater at sewage works that are unable to remove many chemical pollutantsWater companies in the UK made more than £340m in revenue last year by pouring billions…
Top bosses at Goldman Sachs to share bonus pot worth up to $500m
https://www.theguardian.com/business/2026/oct/08/top-bosses-goldman-sachs-bonus-pot
Published: October 8, 2026 18:09
Eye-watering sum, to be split between 20 bankers, is one of the biggest payouts in the bank’s historyTop bosses at Goldman Sachs are in line to share a bonus pot worth up to $500m (£378m) this year, marking one of the biggest payouts in the Wall Street…
Harvey Nichols’ Birmingham store to close in January
Published: October 8, 2026 17:18
Closure will cost at least 60 jobs, while Leeds and Bristol outlets to be converted to Flannels brandHarvey Nichols’ Birmingham store is to close in January, with the loss of at least 60 jobs, while its Leeds and Bristol outlets will be converted to the…
MoD has objected to four windfarms in past year over radar interference fears
Published: October 8, 2026 17:00
Complaints risks putting defence ministry on collision course with Department for Energy Security and Net ZeroThe Ministry of Defence has objected to at least four planned windfarms in the past year over fears the spinning blades could cause “unacceptable…
E.ON Next deal to buy Ovo Energy leaves UK with just ‘big three’ energy suppliers
Published: October 8, 2026 15:16
Competition watchdog clears takeover despite concerns that suppliers will have less incentive to lower billsAlmost three-quarters of households in Great Britain are now served by just three energy suppliers, after E.ON Next completed a deal to buy Ovo…
Medium-term borrowing costs for UK government hit 19-year high
Published: October 8, 2026 12:47
Investors offload global bonds amid fears of rising inflation, increasing pressure on John Healey ahead of first budgetBusiness live – latest updatesMedium-term borrowing costs for the UK government hit a fresh 19-year high on Thursday, as investors…
Asos customers’ names, search histories and contact details accessed in hack, says retailer
Published: October 8, 2026 11:44
Hackers gained access to millions of users’ personal data, but not card details or passwords, Asos saysBusiness live – live updatesAsos hackers gained access to millions of customers’ recent search histories as well as names, addresses and phone numbers,…
Supermarket shake-up: why Asda or Morrisons could vanish within a decade
https://www.theguardian.com/business/2026/oct/08/supermarket-shakeup-big-brands-ripe-merger
Published: October 8, 2026 10:00
Talks between Sainsbury’s and Morrisons have set industry tongues wagging, with analysts saying the market is ripe for changeTesco lifts profit forecast and says shoppers are resilientBusiness live – latest updatesThey may be two of the most recognisable…
Wrexham and Rochdale train services rejected over west coast line pressure
Published: October 8, 2026 09:38
Regulator also vetoes extra Blackpool service, saying insufficient space for new direct trains to LondonBusiness live – latest updatesPlans to run direct train services to Wrexham and Rochdale from London have been rejected by the rail regulator because of…
Oil prices climb amid supply fears and shipping attacks; prospect of rate rise weighs on UK housing market – business live
Published: October 8, 2026 07:29
Brent crude heads towards $104 a barrel while stock markets fallDeloitte has been fined £6.05m in the UK over its audit of the bus and rail operator Go-Ahead Group between 2016 and 2020.The Financial Reporting Council (FRC), the UK’s accounting watchdog,…
Tesco lifts profit forecast and says consumer confidence is resilient
Published: October 8, 2026 06:52
Sales rise 2% to £33.8bn in the past six months, helped by strong trade onlineBusiness live – latest updatesTesco has raised its annual profit forecast as the supermarket group said consumer confidence has remained relatively resilient this year despite…
UK motorists can now see live fuel prices on Google Maps
Published: October 8, 2026 05:00
Move expected to make pump pricing more transparent and encourage competition after diesel hits record £2 a litreDrivers will be able to see live petrol prices on Google Maps for the first time from Thursday, in a move that will help motorists shop around…
Badenoch’s inheritance tax gambit makes no economic sense | Heather Stewart
Published: October 7, 2026 17:16
The Tory leader’s proposal to slash the tax would shovel £6bn of taxpayer money to the already-wealthyKemi Badenoch’s inheritance tax gambit is a Conservative classic. After all, it was George Osborne’s high-profile pledge to “take the family home out of…
Burnham, take note: water shareholders have their uses – they can be squeezed for cash | Nils Pratley
Published: October 7, 2026 17:14
Owner of South West Water, Bristol Water and Bournemouth Water is tapping its investors for £550m after sewage spillsSouth West Water owner taps investors after sewage spillsWater is “a service where the shareholders never lose and the public never win,”…
French wine industry facing historic low harvest after extreme summer heat
Published: October 7, 2026 15:40
This year’s harvest is expected to be down 2% on mediocre 2025 yield, which was lowest in nearly 70 yearsFrance’s wine industry is facing a historic low harvest after the country was hit by a series of summer heatwaves.At about 35m hectolitres, the total…
Ex-Barclays traders jailed for rigging interest rates have convictions quashed
Published: October 7, 2026 15:19
Acquittals of five former bankers come year after supreme court overturned ruling against City trader Tom HayesFive more former traders who were jailed for rigging interest rates have had their convictions quashed by the court of appeal in London, after a…
Canada’s Weston family buys Boots for $8.9bn
https://www.theguardian.com/business/2026/oct/07/canada-weston-family-buys-boots-uk
Published: October 7, 2026 15:12
Former Selfridges owners buy UK high street institution from long-term backer Stefano PessinaThe Canadian family that once owned Selfridges department store has bought UK pharmacy and beauty retailer Boots for $8.9bn (£6.74bn).Wittington Investments, the…
British billionaire warned Epstein was a ‘sexual deviant’ decades before FBI closed in on the abuser
https://www.theguardian.com/us-news/2026/oct/07/british-billionaire-epstein-jane-doe-4
Published: October 7, 2026 15:00
Sir James Goldsmith’s links to Hilton Head, South Carolina, add to mystery of Jane Doe 4, who claimed she was abused by Epstein in the 1980sFor Jeffrey Epstein, the billionaire Goldsmith family was a gateway to elite society and he wanted to be in their…
BBC boss faces barrage of staff criticism over job cuts in junior ranks
https://www.theguardian.com/media/2026/oct/07/bbc-boss-matt-brittin-criticism-job-cuts-junior-staff
Published: October 7, 2026 14:43
Matt Brittin fields questions on whether ‘bloated’ senior ranks are being spared and lays out iPlayer overhaulMatt Brittin, the BBC’s director general, has faced a barrage of accusations that frontline staff are being laid off instead of those from the…
Tories accused of prioritising rich voters as Badenoch lays out inheritance tax cut plan
Published: October 7, 2026 14:19
Party hopes to win over affluent middle-class voters as leader rejects calls to ‘unite the right’ in conference speechUK politics live – latest updatesKemi Badenoch has announced that the Conservatives would abolish inheritance tax on family homes if…
South West Water owner taps investors to fix infrastructure after sewage spills
Published: October 7, 2026 14:14
Pennon slashes dividend and launches £550m cash call ‘to drive improved outcomes for customers and communities’The owner of embattled South West Water has slashed its dividend and launched a cash call to investors as it attempts to fund infrastructure…
Will the Zuckerberg, Musk and Altman movies make a dent on tech giant evangelism?
Published: October 7, 2026 13:43
The triple release of The Social Reckoning, Musk and Artificial is less a clear political stance, more like movie studio opportunismHollywood is sending a clear message: it’s a friend of tech. Netflix is no longer a lone disruptor: historic studio MGM is…
The Jaguar Type 01: a £150k gargantuan getaway vehicle utterly useless in the city
https://www.theguardian.com/business/2026/oct/07/jaguar-type-01-g-car-review
Published: October 7, 2026 12:29
Too costly for most, too large for UK car parks, and wheels bigger than a warlord’s pickup truck. But it does come in ‘London red’Jaguar targets young Americans with Type 01 EVThe cutting-edge car du jour, even while very few will ever buy one, is a good…
Tell us: are you affected by the 6% mortgage rate?
Published: October 7, 2026 11:19
Will the mortgage rate rise change your plans to buy a house or move?The average cost of a five-year fixed-rate mortgage has hit the 6% barrier for the first time in three years.Figures from financial information provider Moneyfacts show the average is now…
McDonald’s sued for allegedly using AI tool to determine pricing for franchises
https://www.theguardian.com/business/2026/oct/07/mcdonalds-ai-prices-lawsuit
Published: October 7, 2026 11:00
Suit says AI tool allows independently owned franchises to exchange nonpublic price and sales informationMcDonald’s is facing a lawsuit in federal court over its alleged use of an AI tool to determine pricing across independent franchises, which…
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