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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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Rise in scam job texts to teens from fraudsters posing as TikTok staff, study finds
Published: February 5, 2025 00:01
Messages falsely claim young people can make up to £800 a day liking videos on platformFraudsters are increasingly posing as TikTok employees in attempts to defraud teenagers with nonexistent jobs, according to research.Virgin Media O2 said that in the…
How the world’s richest man laid waste to the US government
https://www.theguardian.com/us-news/2025/feb/04/trump-elon-musk-federal-government
Published: February 4, 2025 19:52
Elon Musk has achieved astonishing power in Trump’s administration – and spent the weekend wielding it Since declaring his support for Donald Trump in July of last year and subsequently spending more than $250m on his re-election effort, Elon Musk has…
Tariffs would be a drag, but Guinness boss still needs to find a brew for recovery
Published: February 4, 2025 19:00
There’s no hiding from a 5% fall in operating profit at owner Diageo in the second half of 2024, Trump trade policy or notDonald Trump’s on-off tariffs are at least good for one thing: they provide struggling managements with a handy excuse to ditch their…
AI ‘godfather’ predicts another revolution in the tech in next five years
Published: February 4, 2025 19:00
Meta’s Yann LeCun says current systems too limited to create domestic robots and fully automated carsOne of the “godfathers” of modern artificial intelligence has predicted a further revolution in the technology by the end of the decade because current…
Hunt: Starmer should not retaliate if Trump hits UK with trade tariffs
Published: February 4, 2025 18:29
Former chancellor says UK does not have enough economic firepower to start a trade war with the USKeir Starmer should not retaliate if Donald Trump hits the UK with trade tariffs, the former chancellor Jeremy Hunt has warned, with ministers braced for the…
Late financier Evelyn de Rothschild accused of abuse during banking career
https://www.theguardian.com/business/2025/feb/04/evelyn-de-rothschild-accused-banking-career
Published: February 4, 2025 18:05
Exclusive: Several women claim City grandee exploited his position to harass or sexually assault them in the 1990sOne of the world’s most celebrated financiers, Sir Evelyn de Rothschild, has been accused of exploiting his position at the storied bank to…
New British Virgin Isles measures don’t protect businesses or privacy – they protect criminals
Published: February 4, 2025 17:47
If overseas territories refuse to implement meaningful corporate transparency reforms, we must use our powers to ensure they doJoe Powell is chair of the APPG on anti-corruption and responsible taxBritish Virgin Islands accused of ‘shameful’ attempt to…
Thames Water may need £10bn investment to repair finances, high court hears
Published: February 4, 2025 17:33
Struggling company may require significantly more resources than roughly £6.3bn it previously indicatedThames Water may need as much as £10bn in debt and equity investment to repair its finances, according to a representative of creditors hoping to lend…
What is motivating Trump’s reckless trade war? | Robert Reich
https://www.theguardian.com/commentisfree/2025/feb/04/what-is-motivating-trumps-reckless-trade-war
Published: February 4, 2025 17:30
The point is the show the world – not just Canada and Mexico – that he’s willing to mete out big punishmentsTrump has struck last-minute deals with the leaders of Mexico and Canada to postpone for 30 days hefty tariffs on goods they export to the United…
Citigroup commits to hybrid working bucking Wall Street trend
Published: February 4, 2025 17:13
Managers told letting most staff continue to work up to two days from home will give bank competitive advantageThe boss of Citigroup has told executives that most staff will continue to be able to work remotely two days a week, a decision that sets it…
British Virgin Islands accused of ‘shameful’ attempt to avoid financial crime crackdown
Published: February 4, 2025 16:43
MPs write to premier over BVI proposals for new register of who owns firms registered on islandsThe British Virgin Islands (BVI) have been accused of a “shameful” attempt to avoid a crackdown on financial crime, in a growing rift with the government that…
Jeremy Hunt on Trump and the Tories’ future - Politics Weekly Special
Published: February 4, 2025 16:39
Pippa Crerar and Kiran Stacey chat to the veteran Conservative MP Jeremy Hunt about how to handle Donald Trump’s trade wars, his new life in opposition, and what’s next for the Tories. Continue reading...
China has reacted in kind to Trump’s tariffs, but a deal may still emerge
Published: February 4, 2025 13:38
Beijing will defend its core interests, but its initial response is more cautious than when Trump imposed levies in 2018Moments after Donald Trump introduced tariffs of 10% on Chinese goods, Beijing retaliated with countermeasures.China’s finance ministry…
‘No dissonance’: boss of private hospital group Spire on its work with the NHS
Published: February 4, 2025 13:00
Justin Ash runs the UK’s biggest private health provider, which makes millions offering treatments ranging from hip ops to therapy In a 1980s redbrick building near Gatwick airport in West Sussex, a new doughnut-shaped CT scanner is a vivid illustration of…
Shipowners have made £4.8bn selling tankers to Russian ‘shadow fleet’
Published: February 4, 2025 12:55
Vessels used to evade sanctions on oil exports and help fund war against Ukraine, investigation revealsEuropean and US shipowners have sold at least 230 ageing tankers into the “shadow fleet” used by Russia to evade western sanctions on its oil exports and…
Trump wants rare earth resources from Ukraine in exchange for aid
Published: February 4, 2025 12:21
Germany’s Olaf Scholz calls US president’s plan ‘selfish’ but reports suggest idea may have come from KyivDonald Trump wants to negotiate an agreement with Ukraine in which Kyiv guarantees supplies of rare earth resources – critical elements used in…
Big tech to tungsten: what industries are the focus of China’s new US tariffs?
https://www.theguardian.com/world/2025/feb/04/explainer-what-industries-china-us-tariffs
Published: February 4, 2025 12:01
Retaliatory tariffs described as ‘political theatre’ as Beijing thought to want to avoid escalating trade warChina unveils US tariffs and Google investigationUS China tariffs – live updatesMinutes after Donald Trump’s tariffs on China came into force on…
Nigel Farage says UK’s Brexit deal with EU can be improved but struggles to explain how – UK politics live
Published: February 4, 2025 11:57
Reform UK leader claims ‘industrial collaboration’ with EU will give UK ‘less flexibility’ to make deal with US Nigel Farage has said the UK could be “friendly” with the EU but did not outline what kind of ties with the bloc his party would support, PA…
DeepSeek banned from Australian government devices over national security concerns
Published: February 4, 2025 11:30
Home affairs minister Tony Burke says decision follows advice from intelligence agencies and is not impacted by AI chatbot’s country of origin, ChinaGet our breaking news email, free app or daily news podcastDeepSeek will be banned from all federal…
UK grocery inflation slows for first time in six months amid rise in promotions
https://www.theguardian.com/business/2025/feb/04/uk-grocery-inflation-slows-prices-kantar
Published: February 4, 2025 09:15
Kantar figures could be good news for government as food price rises have fuelled persistent UK inflationBusiness live – latest coverageGrocery inflation slowed in January – for the first time in six months – as retailers ramped up promotions to attract…
I had to sell my father’s retirement flat at less than half price – and that took six years
Published: February 4, 2025 08:30
While we were waiting an age for a sale, keeping it cost us £4,000 a yearIt has taken me six years to sell my father’s retirement flat for less than half of what he paid for it. For most of that time we have had to pay annual service charges of more than…
US dollar rises as China tariffs kick in, and Asia-Pacific markets rally – business live
Published: February 4, 2025 07:56
Rolling coverage of the latest economic and financial news, as Trump delays tariffs on Canada and Mexico, and China hits back with its own sanctionsChina announces retaliatory tariffs moments after US levies take effect – liveConsumer rights champion and…
Johnnie Walker owner Diageo says Trump tariffs could hit sales recovery
https://www.theguardian.com/business/2025/feb/04/johnnie-walker-owner-diageo-trump-sales-recovery
Published: February 4, 2025 07:50
UK drinks company’s shares fall amid fears it could be affected by future US levies on Mexico and CanadaBusiness live – latest coverageDiageo, the company behind Smirnoff vodka and Johnnie Walker whiskey, has said US tariffs could damage a recovery in its…
Sun website to charge £2 a month for selected content including Clarkson
Published: February 4, 2025 07:00
Exclusive: Paywall to return after a decade with new Sun Club offering also featuring Royal Exclusive video showSun readers will have to pay £2 a month to access columns by star writers including Jeremy Clarkson, popular content such as from the agony aunt…
‘Dear, did you say pastry?’: meet the ‘AI granny’ driving scammers up the wall
https://www.theguardian.com/money/2025/feb/04/ai-granny-scammers-phone-fraud
Published: February 4, 2025 07:00
Daisy’s dithering frustrates phone fraudsters and wastes time they could be using to scam real peopleAn elderly grandmother who chats about knitting patterns, recipes for scones and the blackness of the night sky to anyone who will listen has become an…
Ladbrokes gambling ads shown to parents on app used as a baby monitor
https://www.theguardian.com/business/2025/feb/04/ladbrokes-gambling-ads-parents-app
Published: February 4, 2025 06:00
Campaigners urge crackdown after user says they were shocked to see offers of free betsAdverts for the bookmaker Ladbrokes have been shown to “exhausted parents” via a smartphone app that can be used as a baby monitor, the Guardian can reveal.Campaigners…
China unveils US tariffs and Google investigation in response to Trump levies
https://www.theguardian.com/us-news/2025/feb/04/trump-china-tariffs
Published: February 4, 2025 05:14
China announces probe into Google and tariffs on coal, LNG, crude oil and other goods following Trump levy on all goods exported from China US China tariffs – live updatesDonald Trump has fired the opening salvo of his trade war, imposing tariffs on China…
UK online pharmacies face stricter rules for sales of weight-loss jabs
https://www.theguardian.com/science/2025/feb/04/uk-online-pharmacies-rules-wegovy-mounjaro-ozempic
Published: February 4, 2025 05:00
Regulators to tighten up criteria after concerns over inappropriate private prescriptions of popular drugsAccess to weight-loss jabs through online pharmacies is to be tightened up as part of a crackdown on inappropriate prescriptions – although some…
GB Energy says it may not meet pledge to employ 1,000 people ‘for 20 years’
Published: February 3, 2025 19:58
Chair Jürgen Maier also refused to put a date on when the agency would bring down energy billsIt could take 20 years for GB Energy to meet its pledge to employ 1,000 people, its chair acknowledged on Monday.Jürgen Maier also refused to put a date on when…
PM faces growing internal backlash over potential approval of Rosebank oilfield
Published: February 3, 2025 19:38
Labour MPs describe ‘breaking point’ in relations, calling for Keir Starmer to stand by party’s manifesto commitmentsKeir Starmer is facing a growing internal backlash over the potential approval of a giant new oilfield, after Treasury sources indicated…
Trump signs order to create sovereign wealth fund that could buy TikTok
https://www.theguardian.com/us-news/2025/feb/03/trump-sovereign-wealth-fund-tiktok
Published: February 3, 2025 18:54
President decrees US treasury and commerce departments to create fund after delaying ban of ByteDance-owned appDonald Trump signed an executive order on Monday ordering the US treasury and commerce departments to create a sovereign wealth fund and said it…
Thames Water ‘putting gun to head’ of court over £3bn debt, investors claim
https://www.theguardian.com/business/2025/feb/03/thames-water-high-court-3bn-debt-investors
Published: February 3, 2025 18:33
Water company argues that its favoured offer should be approved or it will face temporary nationalisationA group of investors has accused Thames Water of putting “a gun to the head” of London’s high court by threatening to go into temporary nationalisation…
AstraZeneca’s U-turn on £450m Speke expansion ‘deeply disappointing’, says minister
https://www.theguardian.com/business/2025/feb/03/astrazeneca-speke-expansion-chris-brtant-investment
Published: February 3, 2025 18:24
Chris Bryant says reduction of government support was linked to change in drugmaker’s proposed investmentNils Pratley: AstraZeneca’s £450m Speke U-turn looks terrible for a pro-growth governmentThe UK’s science minister, Chris Bryant, has described…
AstraZeneca’s £450m Speke U-turn looks terrible for a pro-growth government | Nils Pratley
Published: February 3, 2025 16:55
It seems bizarre that ministers and UK’s largest company cannot complete investment in vital life sciences sectorThe announcement in March last year that AstraZeneca would be investing £450m to expand its vaccine plant in Speke in Liverpool was presented…
Thousands of Asda workers win latest stage in decade-long equal pay case
Published: February 3, 2025 16:26
GMB union says the mostly female shop staff are on ‘cusp of justice’ with claim that could cost supermarket £1.2bnThousands of Asda workers have won the latest stage in a decade-long equal pay case against the supermarket that could lead to a payout worth…
Over 1m people face fines after missing HMRC self-assessment tax deadline
Published: February 3, 2025 14:09
Penalty of £100 kicks in on 1 March for those who failed to pay by 31 January, and rises after three, six and 12 monthsMore than 1 million people have missed the deadline to file self-assessment tax returns and face a penalty starting at £100, HM Revenue &…
OpenAI launches ‘deep research’ tool that it says can match research analyst
https://www.theguardian.com/technology/2025/feb/03/openai-deep-research-agent-chatgpt-deepseek
Published: February 3, 2025 13:26
ChatGPT developer announces AI agent amid growing challenge from rivals such as China’s DeepSeekOpenAI has stepped up its development of artificial intelligence agents by announcing a new tool that crafts reports which it claims can match the output of a…
People in the UK: share your experiences of dealing with high rents
Published: February 3, 2025 12:06
We want to hear how you are coping with the cost of rent for residential properties and how you are trying to manage itWith typical advertised rents outside London being £1,341 a month, and average rents within the capital reaching a record £2,695 a month,…
Mate crime: how friendship is being used as a weapon to steal and control
Published: February 3, 2025 10:30
A little-recognised form of abuse, it can lead to years of miseryIn the beginning, Mandy Davis* thought she was helping out a friend. Paying his rent in their flatshare was an obvious move after he told her he was about to lose his job.But what started as…
UK and European stock markets tumble after ‘Trump tariff tantrum’
Published: February 3, 2025 09:38
US president has rattled investors by targeting China, Canada and Mexico, triggering fears of a trade warTrump tariffs live – latest updatesStock markets in the UK and Europe have suffered heavy falls after Donald Trump announced a number of tariffs,…
Airbnb’s sinister ban implied that I was a criminal
https://www.theguardian.com/money/2025/feb/03/airbnbs-sinister-ban-implied-that-i-was-a-criminal
Published: February 3, 2025 08:30
My account was suddenly terminated because of someone I’m ‘closely associated with’. But who?I am a widow who booked an Airbnb for a family holiday. Months before the trip, I received an email from Airbnb informing me that my account will be terminated…
Thames Water seeks high court approval for £3bn debt lifeline
Published: February 3, 2025 08:26
Hearing to rule on whether to grant emergency funds to water utility, which says it may run out of cash by MarchBusiness live – all the updates throughout the dayThames Water will seek court approval for up to £3bn in emergency funding which could stave…
Trump tariffs live: stock markets roiled by global trade war fears as Canada, Mexico and China retaliate
Published: February 3, 2025 08:00
European and US futures slump as Trump says EU tariffs will ‘definitely happen’; stocks and cryptocurrencies tumble in Asian trading hoursTrump says EU tariffs will ‘definitely happen’ as Mexico, Canada and China retaliateHere’s a chart showing how…
How fortunes turned flat at Johnnie Walker and Guinness owner Diageo
Published: February 3, 2025 06:00
With crucial results looming, investors fear 25 years of dividend growth may stall this week as drinks firm battles major headwinds“Good things come to those who wait” may have been an effective slogan for selling Guinness but City investors are demanding…
Farewell potholes? UK team invents self-healing road surface
Published: February 3, 2025 06:00
Researcher at Swansea University says tiny plant spores mixed into bitumen can extend surface lifespan by 30% For all motorists, but perhaps the Ferrari-collecting rocker Rod Stewart in particular, it will be music to the ears: researchers have developed a…
Most zero-hours workers ‘with same employer for more than a year’
Published: February 3, 2025 00:07
TUC says 1m people are on the insecure contracts – with 130,000 still not having full rights after 10 years Hundreds of thousands of British workers are on zero-hours contracts despite being with the same employer for years, according to analysis from the…
The Guardian view on women’s unpaid labour: attitudes have shifted, but the burden hasn’t | Editorial
Published: February 2, 2025 17:25
The Wages for Housework campaign asked a provocative question. More than 50 years later, it is still relevantIn 1987, just under half the population – 48% – still believed that a man’s main job was to earn money, and a woman’s to look after the home,…
Cap on-the-day intercity rail fares, urge UK campaigners
Published: February 2, 2025 17:03
Campaign for Better Transport says ‘fair fares’ are needed with walk-up single fare from London to Edinburgh likely to pass £200Transport campaigners have urged the government to cap walk-up rail fares after research showed almost half of British…
Wall Street Journal editorial calls Trump tariffs ‘dumbest trade war in history’
https://www.theguardian.com/us-news/2025/feb/02/trump-tariffs-wall-street-journal-editorial
Published: February 2, 2025 15:57
Some US business leaders have reacted neutrally, while JP Morgan CEO says tariff threats can be used effectively US business leaders are offering a mixed reaction to steep trade tariffs that Donald Trump’s administration has imposed on Canada, Mexico and…
UK’s open economy is vulnerable to chaotic global effects of Trump tariffs
Published: February 2, 2025 15:43
British policymakers watch nervously, fearing a weaker pound and inflation even if US tariffs are not applied directlyEconomic news updates – US politics liveWSJ editorial calls tariffs ‘dumbest trade war in history’No one can say they were not warned:…
Barclays says IT glitch that locked customers out of accounts is fixed
Published: February 2, 2025 13:11
Fault caused major problems with payments for two days and reportedly disrupted house moves Barclays says it has fixed the IT glitch that left thousands of customers locked out of their accounts on Friday and Saturday, and promised to compensate them for…
Pressure rises on Bank of England and the Fed as the interest rate debate gets political
Published: February 2, 2025 13:00
The UK is likely to make a cut this week; Trump has made it very clear he wants his central bank to follow suitThe Bank of England is preparing to announce a cut in UK interest rates on Thursday, with central banks around the world facing increased…
Trump tariffs: markets brace for falls as Mexico and Canada hit back
Published: February 2, 2025 12:00
Fears grow for global trade with major indices likely to plunge as US trading partners quickly retaliate, fuelling chance China and EU will follow suitCanada and Mexico hit back after Trump signs order for tariffsEconomic news updates – US politics…
US egg prices expected to climb further as farmers strained by bird flu outbreak
https://www.theguardian.com/us-news/2025/feb/02/egg-prices-bird-flu
Published: February 2, 2025 12:00
About 14.7 million egg-laying hens have been affected as wholesale price of eggs climbs as much as 40 cents a weekEgg prices in the US have risen steeply over the last several weeks. Experts say they are likely to climb further as an avian flu outbreak…
Collectibles are taking over the toy box – but now the grown-ups are playing too
Published: February 2, 2025 10:00
Manga and anime brands are now revealed as some of the biggest sellers in the £510m sectorAt the Toy Fair in London’s Olympia last month, there were some less familiar faces alongside the Bluey plushies and Minions fart blasters. Hatsune Miku, Tanjiro…
Gen Z is in thrall to TikTok’s Pied Piper of populism. We must fight to break the spell | Alison Phillips
Published: February 2, 2025 08:30
A survey found that young people admitted finding democracy dull against the toxic glamour of strongman politics‘DYOR.” That’s what they say. That’s Do Your Own Research, for those of us not quite meeting the 13- to 28-year-old gen Z age bracket. It’s a…
The AI business model is built on hype. That’s the real reason the tech bros fear DeepSeek | Kenan Malik
https://www.theguardian.com/commentisfree/2025/feb/02/deepseek-ai-veil-of-mystique-tech-bros-fear
Published: February 2, 2025 08:00
While privacy fears are justified, the main beef Silicon Valley has is that China’s chatbot is democratising the technologyNo, it was not a “Sputnik moment”. The launch last month of DeepSeek R1, the Chinese generative AI or chatbot, created mayhem in the…
Airport expansion puts the government on the flight path to years of trouble and strife
Published: February 2, 2025 07:30
On top of the added levels of noise and air pollution, there’s the non-trivial matter of demolishing hundreds of homes, diverting several waterways and rerouting a long stretch of the M25Ladies and gentlemen, the captain has illuminated the “fasten seat…
Does Labour really think Trump is a better bet than the EU? | William Keegan
Published: February 2, 2025 07:00
Rachel Reeves is all for growth; her party and the country needs it. But still we hear nothing about the most obvious solution…In 1935, Sinclair Lewis wrote a satirical book, It Can’t Happen Here, about a lying demagogue, Buzz Windrip, who rises to power…
Avanti West Coast passengers face severe disruption as rail strikes resume
Published: February 2, 2025 05:00
Sunday’s stoppage to be worsened by engineering works, as dispute threatens to affect every weekend until JuneRail passengers face severe disruption on Sunday as Avanti West Coast train staff resume strike action that threatens to affect every weekend…
Trump tariffs: which countries are affected and what does this mean?
https://www.theguardian.com/us-news/2025/feb/01/trump-tariffs-explainer-mexico-canada-china
Published: February 1, 2025 23:45
Imports from Mexico and Canada will be taxed at 25% and China 10% – but US consumers are likely to pay the priceDonald Trump on Saturday followed through with his promise to place tariffs on Canada, Mexico and China in retaliation over immigrants and…
Trump signs order authorizing tariffs on goods from Canada, Mexico and China
https://www.theguardian.com/us-news/2025/feb/01/trump-tariffs-canada-mexico-china
Published: February 1, 2025 23:14
Decision could set the stage for a damaging trade war between the US and three of its top trade partnersDonald Trump has signed an order authorizing tariffs after vowing to impose dramatic taxes on goods from Canada, Mexico and China.The decision could set…
Reeves’s Heathrow third runway report was commissioned by London airport
Published: February 1, 2025 20:00
The chancellor is under fire after a study cited as evidence for expanding the terminal to boost the UK’s economic growth was ordered by Heathrow itself Rachel Reeves was facing criticism on Saturday night as it was confirmed that a report she cited as…
UK betting giants under fire for ads targeting at-risk gamblers
Published: February 1, 2025 19:40
Judge condemns firm for use of customer’s data after problem gambler was sent 1,300 emails over two years‘I lost 10 years of my life’: how UK betting giant’s unlawful marketing kept suicidal gambler hookedGambling companies in Britain could be forced to…
A journey to Greenland: Trump’s 51st state? - podcast
Published: February 1, 2025 19:00
What do Greenlanders make of the US president’s interest in their island? Miranda Bryant reportsYou can support the Guardian at theguardian.com/fullstorysupportIn 2019, when Donald Trump first raised the prospect of the US acquiring Greenland, few people…
Peace, permanence and affordable prices: six ways to solve Britain’s housing crisis
Published: February 1, 2025 18:46
Taking anxiety off the market to create a better society is not easy – but it can be done, says our architecture criticImagine a country where everyone could live securely in a decent home, one with room enough for your ordinary needs, that would also be a…
JPMorgan’s $4bn delivery of gold bullion adds to fears Trump’s tariffs will reshape global trade
https://www.theguardian.com/business/2025/feb/01/jpmorgan-gold-bullion-trump-tariffs
Published: February 1, 2025 18:35
US bank, world’s biggest bullion dealer, says it will deliver raw material against contracts that will expire in FebruaryUS banking giant JPMorgan plans to deliver $4bn of gold bullion weighing more than 937 tons to New York this month, before an…
Chris Riddell on Rachel Reeves’ burnt offerings to the golden calf of growth – cartoon
Published: February 1, 2025 18:00
A third Heathrow runway, planning law reform to build more houses and a windfall tax on oil and gas – but will it all make up for the cost of Brexit?You can buy a copy of this cartoon Continue reading...
Was this the week DeepSeek started the slow unwinding of the AI bet?
Published: February 1, 2025 16:51
The cheap Chinese chatbot has stunned tech giants – and opened up the possibility that other countries, not just China, could now afford to enter the AI raceAt 2.16pm California time last Sunday, the US billionaire tech investor Marc Andreessen called it.…
AI is not just powerful. What’s really worrying is that DeepSeek has made it cheap, too | John Naughton
https://www.theguardian.com/technology/2025/feb/01/ai-deepseek-cheap-china-google-apple
Published: February 1, 2025 16:00
The AI startup has upended the industry by developing a model that costs much less to produce – and is available free to a universe of tinkerersNothing cheers up a tech columnist more than the sight of $600bn being wiped off the market cap of an overvalued…
Strike averted at Costco as Teamsters reach a tentative deal
https://www.theguardian.com/us-news/2025/feb/01/costco-workers-strike
Published: February 1, 2025 15:05
Some 18,000 employees across the country were poised to walk out after union negotiations stalledA strike that would have seen some 18,000 workers at Costco around the US walk off the job at midnight was averted on Saturday, with the Teamsters union…
Trump’s tariffs on Canada, Mexico and China: will they spark a trade war?
Published: February 1, 2025 13:51
As the US president imposes import taxes on three key trading partners, we examine potential repercussionsDonald Trump has vowed to impose sweeping tariffs on imports from Canada, Mexico and China.There will be 25% tariffs on goods coming into the US from…
Barclays IT glitch locks customers out of accounts for almost 24 hours
Published: February 1, 2025 10:22
Outage comes on HMRC’s deadline day for settling self-assessment tax returns and a pay day for many workersA serious IT glitch has left some Barclays customers locked out of their accounts throughout the night and almost 24 hours on from the bank’s initial…
It's clear Britain can't survive without immigration. Now Labour must convince voters | Simon Jenkins
https://www.theguardian.com/commentisfree/2025/feb/01/britain-immigration-labour-voters-evidence
Published: February 1, 2025 10:00
Yet more evidence shows that we will only rely on it more as time goes on. It’s time to debate it without toxic rhetoricBritain needs immigrants. According to the Office for National Statistics this week, Britain’s “indigenous” population in the 2030s will…
Ministers could allow council tax to rise by up to 25% to prevent bankruptcies
Published: February 1, 2025 10:00
Experts say it is inevitable government will let English local authorities exceed 5% cap if they are likely to go bustMinisters are under pressure to allow cash-strapped English local authorities to increase council tax by as much as 25% to prevent them…
‘Dark and dingy’ or ‘a real loss’? Shoppers react to possible loss of WH Smith
Published: February 1, 2025 10:00
Stevenage is one of 500 UK towns where threatened closures will affect local retailers and the publishing tradeWH Smith sale could turn high street into ‘book desert’, authors sayJust two shop floor staff are on duty and shoppers are mostly serving…
‘He spent thousands’: how a bank team tries to rescue scam victims
https://www.theguardian.com/money/2025/feb/01/bank-team-scam-victims-fraud
Published: February 1, 2025 09:12
Santander’s specialist squad aims to save customers from the grips of fraudsters offering romance and moreA widowed pensioner is on the end of the phone and he’s flustered. He’s expecting his girlfriend to move in with him next month. He has never met her,…
Trump to impose tariffs on imports from Canada, Mexico and China
https://www.theguardian.com/us-news/2025/jan/31/trump-tariffs-canada-mexico-china
Published: January 31, 2025 19:00
US neighbors hit with 25% tariff and China with 10% as Trudeau pledges ‘forceful but reasonable’ responseDonald Trump will impose sweeping tariffs on Canada, Mexico and China on Saturday, the White House said, potentially setting the stage for a damaging…
OpenAI to release new artificial intelligence model for free
Published: January 31, 2025 19:00
Move to issue 03-mini model follows sudden arrival of much cheaper Chinese rival DeepSeek’s R1 OpenAI is releasing a new artificial intelligence model for free, after the company said it would speed up product releases in response to the emergence of a…
How will alcohol duty changes affect the price of drinks?
Published: January 31, 2025 18:01
Tax is to be cut on draught pints but will escalate on stronger drinks, along with an inflationary rise. Will we feel the difference?Tax on alcohol sold in the UK is changing from Saturday, with an increase to match inflation, a cut to duty on draught…
Starmer warned against approving oilfield after Labour unease over Heathrow
Published: January 31, 2025 17:59
Exclusive: MPs and ministers say they plan to oppose the PM if he gives consent to the Rosebank developmentSenior Labour figures are warning of a serious fight if Keir Starmer tries to give the go-ahead to a giant new oilfield off Shetland later this…
Silicon Valley billionaires splurge £144m on London Spirit in Hundred auction
Published: January 31, 2025 17:56
Winning bid for 49% stake values London Spirit at £295mWelsh Fire stake sold for reported £35m to tech entrepreneurThe Hundred is set to deliver an eye-watering windfall for English cricket that exceeds all projections after a Silicon Valley consortium…
WH Smith sale could turn high street into ‘book desert’, authors say
Published: January 31, 2025 17:22
The retailer is in talks to sell its 500 high street stores, which could be a ‘nail in the coffin for British writers’Authors are concerned that the sale of WH Smith’s high street stores could create “book deserts”, reducing opportunities for young people…
Martin Rowson on the fifth anniversary of Brexit – cartoon
Published: January 31, 2025 16:51
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Give Rachel Reeves's plan for UK growth a chance | Mohamed El-Erian
https://www.theguardian.com/business/2025/jan/31/rachel-reeves-plan-for-uk-growth-speech
Published: January 31, 2025 15:39
The chancellor’s growth speech was not perfect – but it is a start after decades of underinvestment in BritainPity Rachel Reeves, the chancellor of the exchequer. Before she had even got through her highly anticipated “growth speech” on 29 January,…
Ex-Barclays CEO gears up for explosive trial over City regulator’s allegations on Jeffrey Epstein ties
Published: January 31, 2025 15:14
Court papers seen by the Guardian mean Jes Staley’s appeal against FCA ruling will demand answers on links to sex offenderThe former chief executive of Barclays, Jes Staley, is gearing up for an explosive trial next month, that will force him to address…
AstraZeneca axes £450m vaccine plant in Liverpool, blaming state funding cut
Published: January 31, 2025 14:58
Days after Rachel Reeves highlighted life sciences as UK strength, firm decides against site expansionBusiness live – latest updatesAstraZeneca has cancelled plans for a £450m expansion of its manufacturing plant in Speke, Merseyside, blaming a cut in the…
Oh, I’m sorry, tech bros – did DeepSeek copy your work? I can hardly imagine your distress | Marina Hyde
https://www.theguardian.com/commentisfree/2025/jan/31/tech-bros-deepseek-china-sam-altman-openai
Published: January 31, 2025 14:44
If China has done to Sam Altman what his OpenAI has been accused of doing to creatives, it would take a heart of stone not to laughI once saw an episode of America’s Dumbest Criminals where a man called the cops to report his car stolen, only for it to…
Farmland in England to be reduced by more than 10% under government plans
Published: January 31, 2025 14:08
Grassland for livestock faces largest cut, so people will be encouraged to eat less meat, says environment secretaryFarmland in England will be reduced by more than 10% by 2050 under government plans, with less meat produced and eaten by the country’s…
Thirty MPs demand Ofwat puts Thames Water into special measures
https://www.theguardian.com/business/2025/jan/31/mps-demand-ofwat-puts-thames-water-special-measures
Published: January 31, 2025 14:00
Exclusive: Labour and Green MPs write to regulator’s chief executive voicing fears about an expensive public bailoutA group of 30 Labour and Green MPs have written to Ofwat to demand that Thames Water is taken into special measures.In an open letter to…
Trump plots healthier America but deregulation likely to feature on menu
https://www.theguardian.com/environment/2025/jan/31/trump-healthier-america-food-policy
Published: January 31, 2025 13:00
President’s cabinet picks suggest help for big companies and regulatory rollbacks will take precedence in food policyTrump will change the face of US food policy. These are the players to watchWhen Robert F Kennedy Jr. suspended his campaign for the…
Stats chief to face MPs amid concerns UK economic data is ‘virtually unusable’
Published: January 31, 2025 12:51
Head of ONS Prof Sir Ian Diamond summoned days after review of statistics widenedThe head of the Office for National Statistics has been summoned for a grilling by MPs next week amid concerns the UK’s faulty economic data has become “virtually…
Why Trump tariffs will be ‘very bad for America and for the world’
https://www.theguardian.com/business/2025/jan/31/trump-tariffs-us-economy
Published: January 31, 2025 12:10
If enacted tariffs will increase inflation, slow economic growth, and result in US consumers footing the bill As Donald Trump threatens to slap steep tariffs on many countries, he is boasting that his taxes on imports will be a boon to the US economy, but…
More carrot, less stick: how meat-loving Danes were sold a plant-led world first
Published: January 31, 2025 12:00
Scheme backed by €170m fund crucial to getting agreement from farmers, politicians and environmental groups“Plant-based foods are the future.” That is not a statement you would expect from a right-wing farming minister in a major meat-producing nation.…
Scotland knows Brexit is holding Britain back. Why won't Labour admit it? | John Swinney
https://www.theguardian.com/commentisfree/2025/jan/31/scotland-brexit-britain-labour-eu-europe
Published: January 31, 2025 12:00
Five years after we left the EU, people are still paying the price. We’re ready to work with Westminster to forge closer bonds with EuropeJohn Swinney is the first minister of ScotlandThe pantomime season may be over, but when it comes to the government’s…
Kim Jones steps down from Christian Dior menswear after seven years
https://www.theguardian.com/fashion/2025/jan/31/kim-jones-steps-down-christian-dior-menswear
Published: January 31, 2025 11:49
British designer’s departure prompts speculation he could soon head up BurberryKim Jones is stepping down from Christian Dior menswear after seven years – prompting speculation that he will soon be named in the top job of Burberry.The British designer has…
‘Please grow the economy’ – if only Keir Starmer pressed the right AI buttons: the Stephen Collins cartoon
Published: January 31, 2025 10:30
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How the quick high of ‘fast-food gambling’ ensnared young men
Published: January 31, 2025 10:00
Betting companies are making huge amounts from the confidence of young, male customers who think they can beat the systemWatching televised sports in 2025 can feel a little like sitting through one long gambling commercial, interspersed by occasional…
Delays to post-Brexit border checks may have let diseased chicken enter UK
Published: January 31, 2025 09:27
Exclusive: Officials admitted in 2023 there were ‘no current border checks’, as salmonella and other illnesses surgedUK health bosses privately admitted that a lack of border inspections in the wake of Brexit had left British consumers exposed to diseased…
Canada and Mexico brace for Trump tariffs on Saturday; UK house price growth slows – business live
Published: January 31, 2025 09:00
Live, rolling coverage of business, economics and financial markets as US president said he would impose first tariffs of new administration on 1 FebruaryEngine Capital’s lead investors, Arnaud Ajdler and Brad Favreau, may not be awake yet if they are in…
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