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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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China accuses Dutch of prolonging chip war that threatens to halt car factories
https://www.theguardian.com/business/2025/nov/04/china-netherlands-chip-war-car-factories-nexperia
Published: November 4, 2025 12:41
Beijing tells Netherlands ‘stop interfering’ after seizure of chipmaker Nexperia as export bans disrupt supply chainBusiness live – latest updatesCarmakers around the world are facing fresh uncertainty about their ability to continue production after China…
Reeves aims to prepare voters and markets for possible budget tax rises
https://www.theguardian.com/uk-news/2025/nov/04/rachel-reeves-budget-tax-rises-speech-brexit-tariffs
Published: November 4, 2025 11:53
Speech attempts to take back narrative with talk of ‘years of economic mismanagement’, Brexit and tariffsReeves avoids ruling out tax rises as autumn budget loomsBusiness live – latest updatesThere were two audiences for Rachel Reeves’s hastily arranged…
Sir Alan Bates agrees multimillion-pound settlement over Post Office scandal
https://www.theguardian.com/uk-news/2025/nov/04/sir-alan-bates-settlement-post-office-scandal
Published: November 4, 2025 11:19
Government settles claim from former post office operator more than 20 years after he began his campaign for justiceBusiness live – latest updatesSir Alan Bates has agreed a multimillion-pound settlement with the government more than two decades after he…
There is a thriving shadow economy in Britain – but migrants are not to blame | Emily Kenway
https://www.theguardian.com/commentisfree/2025/nov/04/shadow-economy-britain-migrants-labour-reform
Published: November 4, 2025 10:00
While Labour is desperately trying to mimic Reform’s line on the cash economy, the blame lies solidly with ordinary people feeling the pinchAccording to politicians across all parties, something called the “hidden economy” – the shadowy nethers of the…
Elon Musk’s $1tn Tesla pay deal to be rejected by huge Norway wealth fund
Published: November 4, 2025 09:42
Carmaker’s seventh biggest single investor will vote against package at annual shareholder meetingBusiness live – latest updatesNorway’s sovereign wealth fund has said it will vote against a $1tn (£765bn) pay package for the Tesla chief executive, Elon…
Rachel Reeves avoids answering question on tax rises in pre-budget speech – video
Published: November 4, 2025 09:30
The chancellor did not directly respond to Sky News's Beth Rigby on Tuesday when she asked her whether she would stick to Labour's manifesto promise not to raise tax for working people. Reeves, who was giving a speech before her budget on 26 November said…
BP to ramp up asset sales as it reports fall in profits
https://www.theguardian.com/business/2025/nov/04/bp-asset-sales-fall-in-profits-oil-gas
Published: November 4, 2025 08:53
Oil and gas company says it will review portfolio and push to dispose of parts of the business fasterBusiness live – latest updatesBP has said it will ramp up efforts to hive off parts of the business, as the energy company reported a drop in profits in…
UK borrowing costs fall as Rachel Reeves pledges ‘iron clad’ commitment to fiscal rules in the budget – business live
Published: November 4, 2025 08:29
Rolling coverage of the latest economic and financial newsPolitics Live: Rachel Reeves to give speech preparing ground for budget tax risesReeves to lay groundwork for tax rises in ‘candid’ speech about budgetReeves then warns that it is clear that the…
Primark owner ABF could split fashion business from food division
https://www.theguardian.com/business/2025/nov/04/primark-abf-split-fashion-food
Published: November 4, 2025 08:07
Parent company announces drop in sales and profits as its sugar and agriculture arms face higher costsBusiness live – latest updatesThe owner of Primark is considering splitting the fashion retailer from its food division, which contains Twinings and…
I hope Rachel Reeves does raise income tax – there’s a way she can do it fairly | Ruth Curtice
https://www.theguardian.com/commentisfree/2025/nov/04/rachel-reeves-raise-income-tax-fairly-uk
Published: November 4, 2025 08:00
The chancellor might need to break manifesto pledges and a 50-year taboo, but she has a chance to steer UK finances back on trackThere might be three weeks to go until Rachel Reeves presents her budget, but in the topsy-turvy wonderland of the budget…
Shein to cooperate with French investigation into sale of childlike sex dolls
Published: November 4, 2025 07:38
Spokesperson says company prepared to share names of those who bought dolls before they were removed from saleThe Asian e-commerce company Shein has pledged to cooperate with French prosecutors who have opened an investigation into the sale of childlike…
Third of British farmers made no profit in past year, report finds
Published: November 4, 2025 07:00
Only 14% of farmers surveyed for Farmdex report had 10% or more profit margin amid drop in subsidies since BrexitA third of British farmers are making a loss or breaking even as they struggle with the loss of subsidies and looming inheritance tax changes,…
London Ulez auto pay blunders have triggered £11,445 in fines
https://www.theguardian.com/money/2025/nov/04/consumer-champions-london-ulez-auto-pay-blunders-fines
Published: November 4, 2025 07:00
When account was suspended my brother-in-law was caught in debt as 200 penalty charge notices piled upMy brother-in-law has received 200 penalty charge notices (PCNs) for unpaid ultra-low emission zone (Ulez) charges in London.He set up an auto pay account…
Ofwat letting water firms charge twice to tackle sewage, court to hear
Published: November 4, 2025 05:01
River Action bringing legal action against water regulator over who should foot bill for firms’ past failures to investOfwat is unlawfully allowing water companies to charge customers twice to fund more than £100bn of investment to reduce sewage pollution,…
RBA holds official interest rate at 3.6% while warning of rising house prices and rents
Published: November 4, 2025 04:12
Reserve Bank’s decision to leave cash rate on hold was widely expected and major banks predict no interest rates cut until 2026Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe Reserve Bank…
Reeves to lay groundwork for tax rises in ‘candid’ speech about budget
Published: November 4, 2025 00:01
Chancellor to promise ‘fairness and opportunity’ but will not repeat manifesto pledge on tax, after PM’s hint at breachRachel Reeves will lay the groundwork for a tax-raising budget that could break Labour’s election promise on income tax, in a major…
John Lewis ad kickstarts Christmas countdown to the tune of 90s club classic
Published: November 4, 2025 00:01
Department store chain banks on nostalgia to get customers into festive mood with Where Love LivesJohn Lewis is hoping that a dash of nostalgia will get consumers into the festive mood this year as it officially kickstarts the countdown to Christmas with…
More than $70tn of inherited wealth over next decade will widen inequality, economists warn
Published: November 3, 2025 22:01
Expert panel says report on gap in global wealth between rich and poor highlights need for intervention by G20More than $70tn (£53tn) of inherited wealth will pass down the generations across the world over the next decade, widening inequality and…
What does Faragenomics look like? – podcast
https://www.theguardian.com/politics/audio/2025/nov/03/what-does-faragenomics-look-like-podcast
Published: November 3, 2025 19:14
Nigel Farage promised to set out his fiscal stall in a major speech in the City of London, but what did he actually say? Pippa Crerar and Kiran Stacey discuss Farage’s retreat from its election promise to cut £90bn of taxes, his failure to commit to the…
The Guardian view on Britain’s new class divide: the professional middle is being hollowed out | Editorial
Published: November 3, 2025 18:49
A micro-elite in finance and tech hoovers up talent while white-collar jobs lose their lustre. A society that rewards proximity to capital over contribution risks ruptureIn the US, the brightest are said to join AI firms. In Britain, they sign up to be…
David Gow, former Guardian Germany correspondent, dies aged 80
https://www.theguardian.com/media/2025/nov/03/david-gow-former-guardian-germany-correspondent-dies
Published: November 3, 2025 18:26
‘Impressively professional journalist’ with a commitment to social justice was also European business editorDavid Gow obituaryDavid Gow, a former Germany correspondent and European business editor of the Guardian whose strong commitment to social justice…
OpenAI signs $38bn cloud computing deal with Amazon
Published: November 3, 2025 18:09
Agreement to use AWS datacentres, and Nvidia chips inside them, part of $1.4tn spending spree on AI infrastructureOpenAI has signed a $38bn (£29bn) deal to use Amazon infrastructure to operate its artificial intelligence products, as part of a more than…
City watchdog ‘nakedly’ siding with lenders on car finance redress, MPs say
Published: November 3, 2025 18:00
Cross-party group says Financial Conduct Authority had been ‘patently influenced’ by concerns over profitsThe City regulator has “nakedly taken the side of lenders” in its planned compensation scheme for car loan victims and has been “patently influenced”…
Nige is no longer laughing at himself as he ‘performs’ yet another big speech | John Crace
Published: November 3, 2025 17:54
Reform leader is trying to make it as a mainstream politician – which involves contradicting himself and gaslighting votersThe scene: an old banking hall in the heart of the City. The music: first, Richard Clayderman plays Bach. Then Pachelbel’s Canon,…
Outrage in Paris as Shein prepares to open its first permanent store
Published: November 3, 2025 17:39
Fast-fashion retailer faces political anger, fury from workers and warnings it will damage city’s progressive imageThe online fast-fashion retailer Shein will open its first permanent bricks-and-mortar store in the world in Paris this week amid political…
We need clarity on big pharma’s tax breaks | Letters
https://www.theguardian.com/business/2025/nov/03/we-need-clarity-on-big-pharmas-tax-breaks
Published: November 3, 2025 17:39
Pharmaceutical giants like GSK should be more transparent about the generous tax breaks they get from the UK government, says Mike Lewis The outgoing chief executive of the pharmaceutical company GSK says the NHS should pay more for its drugs, in order to…
Time for Reeves to recognise reality: AstraZeneca has killed stamp duty on shares | Nils Pratley
Published: November 3, 2025 17:39
Shareholder-backed plans to upgrade US listing have exposed multiple flaws in tax that should be abolished or at least cutIt was one of those votes where the majority was always going to be huge. AstraZeneca’s proposal to list its shares directly on the…
Telegraph bidder reported for potential breach of editorial independence rules
Published: November 3, 2025 17:06
UK government alerted after RedBird Capital’s boss allegedly threatened to ‘go to war’ with the title’s newsroom The boss of the US private equity group bidding for the Daily Telegraph has been reported to the UK government for potentially breaching rules…
David Gow obituary
https://www.theguardian.com/media/2025/nov/03/david-gow-obituary
Published: November 3, 2025 16:56
Journalist, gifted linguist and European business editor of the Guardian who was dismayed by BrexitThe journalist David Gow, who has died aged 80 from a heart attack, served as the Guardian’s authoritative education editor, European business editor, and…
Talk breached impartiality rules with allegations about cancelled local elections, Ofcom rules
Published: November 3, 2025 16:48
Claim that elections were cancelled because ministers were ‘terrified of Reform’ given rare rebuke by regulatorTalk, the online channel owned by Rupert Murdoch’s news empire, breached impartiality rules in a show that repeatedly accused the government of…
What would UK economic policy look like under Nigel Farage’s Reform?
https://www.theguardian.com/politics/2025/nov/03/nigel-farage-reform-uk-economic-policy
Published: November 3, 2025 15:57
Leader’s speech offered most detailed explanation yet on party’s priorities on tax cuts, benefits, wages and pensionsNigel Farage has delivered a speech on his economic priorities. While it did not announce any new policies as such, it marked the most…
Why Saudi money hasn’t transformed Newcastle into title contenders
https://www.theguardian.com/football/2025/nov/03/why-saudi-money-didnt-transform-newcastle
Published: November 3, 2025 15:55
Eddie Howe’s team have the richest owners in the world. But they are still to mount a title challenge since the Public Investment Fund came knockingSign up for Soccer with Jonathan Wilson hereEddie Howe is not a manager given to histrionics or grand public…
Kimberly-Clark to buy Tylenol maker Kenvue in landmark $40bn merger
https://www.theguardian.com/business/2025/nov/03/kimberly-clark-kleenex-tylenol-kenvue-merger
Published: November 3, 2025 14:16
Kleenex maker’s deal for troubled Johnson & Johnson spinoff comes amid lawsuits and regulatory scrutinyKleenex and Huggies maker Kimberly-Clark unveiled plans to buy Kenvue, the embattled consumer health conglomerate behind Tylenol, in a landmark deal for…
Trump says he doesn’t know who crypto tycoon is despite having pardoned him
https://www.theguardian.com/us-news/2025/nov/03/trump-changpeng-zhao-cz-pardon-crypto
Published: November 3, 2025 14:15
Billionaire Changpeng Zhao pleaded guilty to enabling money laundering before president freed him last monthDonald Trump has said that he doesn’t know who Changpeng Zhao is despite pardoning the billionaire founder of cryptocurrency exchange Binance in…
Nearly 90% of jobseekers unable to get long-term work despite millions spent on private job agencies
Published: November 3, 2025 14:00
Employment department’s annual report shows just 11.7% of jobseekers ended up with jobs lasting at least 26 weeks last yearGet our breaking news email, free app or daily news podcastAustralia’s private employment services are failing to get jobseekers into…
‘There’s no place like this’: shoppers and traders fear for Birmingham indoor market’s future
Published: November 3, 2025 14:00
Current site is due to be demolished to make way for housing in new disruption to city’s long trading traditionEvery week, 80-year-old Frank catches a train from Walsall to Birmingham. He threads through gleaming shopfronts in Grand Central station and…
Pete Songi on Reform UK’s economic agenda – cartoon
Published: November 3, 2025 13:26
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Australians to get at least three hours a day of free solar power - even if they don’t have solar panels
Published: November 3, 2025 11:30
Labor announces ‘solar sharer’ program for households in NSW, south-east Queensland and South AustraliaGet our breaking news email, free app or daily news podcastAustralian households in three states will be promised access to at least three hours a day of…
UK economy ‘doomed’ under Labour, says Ryanair chief
Published: November 3, 2025 10:02
Michael O’Leary says Rachel Reeves needs tax cuts to create growth, as airline’s profits jump 42% in first halfBusiness live – latest updatesUK politics live – latest updatesThe UK economy is “doomed” under the Labour government, the boss of Ryanair has…
Oil price rises after Opec+ pauses oil output hikes amid glut fears – business live
Published: November 3, 2025 07:24
Rolling coverage of the latest economic and financial news, as Opec+ pauses oil output hikes beyond December amid fears of a crude glutThe prospect of looming tax rises and a fall in business investment will restrict the UK’s economic growth rate next year…
Rachel Reeves's housing scandal was a small administrative error, but a big political mistake | Oliver Eagleton
https://www.theguardian.com/commentisfree/2025/nov/03/rachel-reeves-housing-scandal-labour
Published: November 3, 2025 07:00
At a time of austerity, and with Labour’s housing policies needing years to take effect, the public doesn’t want to hear about ministers with multiple homesAt first glance, the story might seem trivial: a bureaucratic slip-up with few tangible consequences…
HMRC gave a refund from my tax account to fraudster making repayment claim
https://www.theguardian.com/money/2025/nov/03/consumer-champions-hmrc-refund-tax-repayment-fraud
Published: November 3, 2025 07:00
I was in credit but HMRC handed £2,500 over to someone impersonating me on the phone, and says I’m in debtSince January, I’ve received numerous letters from HM Revenue and Customs stating that I owe £2,500 plus interest. My accountant and I have written to…
Tax rises and drop in investment predicted to limit UK growth
Published: November 3, 2025 06:00
EY Item Club downgrades forecast for next year, with Office for Budget Responsibility expected to follow suitThe prospect of looming tax rises and a fall in business investment will restrict the UK’s economic growth rate next year to less than 1%,…
‘History won’t forgive us’ if UK falls behind in quantum computing race, says Tony Blair
Published: November 3, 2025 06:00
Exclusive: Former PM and ex-Tory leader William Hague warn UK lacks high-risk capital and infrastructure to harness benefits of powerful technologyTony Blair has said “history won’t forgive us” if the UK falls behind in the race to harness quantum…
Drinking Water Inspectorate ordered action over ‘forever chemicals’ risk
Published: November 3, 2025 06:00
Analysis finds regulator for England and Wales raised issues with untreated water at facilities serving millionsThe drinking water watchdog for England and Wales has ordered companies to act after “forever chemicals” linked to cancer and other conditions…
In Grok we don’t trust: academics assess Elon Musk’s AI-powered encyclopedia
Published: November 3, 2025 06:00
From publishing falsehoods to pushing far-right ideology, Grokipedia gives chatroom comments equal status to researchThe eminent British historian Sir Richard Evans produced three expert witness reports for the libel trial involving the Holocaust denier…
Top 10 US billionaires’ collective wealth grew by $698bn in past year – report
https://www.theguardian.com/us-news/2025/nov/03/wealth-billionaires-increase-trump
Published: November 3, 2025 05:01
Oxfam warns Trump policies risk driving inequality to new heights – but Democrats have also exacerbated wealth gapThe collective wealth of the top 10 US billionaires has soared by $698bn in the past year, according to a new report from Oxfam America…
‘Americans are democracy’s equivalent of second-generation wealth’: a Chinese journalist on the US under Trump – podcast
Published: November 3, 2025 05:00
Once a stalwart of Hong Kong’s journalism scene, Wang Jian has found a new audience on YouTube, dissecting global politics and US-China relations since the pandemic. To his fans, he’s part newscaster, part professor, part friendBy Lauren Hilgers. Read by G…
The Nord Stream riddle: echoes of mistrust ripple through Europe
Published: November 3, 2025 05:00
Three years after explosion that crippled Russian-German gas link, Polish court’s refusal to extradite Ukrainian suspect reignited old tensionsChunky steel pipes run through one of the exhibition rooms at Warsaw’s Museum of Contemporary Art, part of an…
The multi-million pound baby powder case
https://www.theguardian.com/news/audio/2025/nov/03/the-multi-million-pound-baby-powder-case
Published: November 3, 2025 03:00
Esther Addley reports on a class action suit of more than 3,000 cancer survivors and their loved ones against Johnson & Johnson‘I remember lying on a bed,’ says Sue Rizello of her earliest memory nearly 60 years ago, ‘with my mum leaning over me and using…
What does it take for Australia's top bosses to lose their bonuses? – video
Published: November 2, 2025 23:44
If CEOs and other executives get paid bigger bonuses when their companies overperform, what happens to these bonuses when their companies miss the mark? Apparently not a whole lot. Guardian Australia senior reporter Henry Belot and business editor Jonathan…
Rail unions call for review of security after Cambridgeshire stabbings
Published: November 2, 2025 17:35
Onboard staff praised for limiting the casualty numbers but transport safety is in the spotlight after budget cuts Rail unions have called for more protection for staff and passengers after the mass stabbings attack on an LNER train in Cambridgeshire.The…
Rachel Reeves’s 5% VAT cut on electricity bills will backfire, experts say
Published: November 2, 2025 16:58
Critics believe cut would mostly benefit better-off people with larger homes and increase carbon emissionsProposals being considered by Rachel Reeves to cut tax on electricity bills will backfire, experts have warned, resulting in a giveaway to richer…
John Lewis to open VIP lounge at Oxford Street store with free drinks and massages
Published: November 2, 2025 13:04
Waitrose chocolates will also be used to lure in loyalty card holders John Lewis is to open a VIP space at its flagship London department store as part of a drive to lure customers back, after years in which it has lost ground to rivals including Marks &…
UK ‘to lose 600,000 workers to illness without better health support at work’
Published: November 2, 2025 12:00
Exclusive: Royal Society of Public Health says ‘fundamental shift’ needed in how firms help those with health conditionsAn extra 600,000 people will leave the British workforce in the next decade due to long-term health conditions unless ministers usher in…
UK charging industry could face £100m bill under business rate changes
Published: November 2, 2025 12:00
Industry bodies say proposals to make public charger operators pay the rates could harm the growing electric vehicles marketThe UK charging industry has said it could face a £100m bill as the government considers making public charger operators pay…
A million young people aren’t in a job or training. Britain has a problem | Richard Partington
https://www.theguardian.com/business/2025/nov/02/young-people-job-training-jobless-britain-problem
Published: November 2, 2025 10:56
With the jobless rate now at 4.8%, ministers are urged to do more, especially for those with disabilities or health conditionsAlmost a million young people are not in education, employment or training. Employers are freezing their hiring plans.…
UK small business owner to face L’Oréal at tribunal over trademark dispute
Published: November 2, 2025 08:00
Rebecca Dowdeswell has been locked in three-year legal battle with £170bn cosmetics firm over her nkd brandA small business owner is preparing to face down the cosmetics giant L’Oréal at a tribunal next week over a trademark dispute she says has had a…
Weight loss jab warning: fraudsters’ fake products ‘could cause real harm’
https://www.theguardian.com/money/2025/nov/02/weight-loss-jabs-scam-ads-fake-products-fraud
Published: November 2, 2025 07:00
As texts and social media offer cheap offers, buying from unverified sellers can cause serious health problemsYou have heard and read so much about people using weight loss injections to get slim, you feel it is time to give it a go in the run-up to the…
Victims robbed of £4bn in ‘insulting’ car loan redress scheme, say claims firms
https://www.theguardian.com/business/2025/nov/02/car-finance-redress-scheme-rob-victims-4bn-fca
Published: November 2, 2025 07:00
Financial Conduct Authority defends interest rate of 2.09% as critics describe proposals as ‘hypocritical’Victims of the car loans scandal could miss out on more than £4bn in compensation if the City regulator ploughs ahead with plans for an “insulting”…
Flights delayed across US amid air traffic controller shortages as shutdown drags on
https://www.theguardian.com/us-news/2025/nov/01/airports-delays-government-shutdown
Published: November 1, 2025 18:37
Nearly 50% of 30 busiest airports facing absences as staff are forced to work without pay and shutdown hits 31st dayNearly 50% of the 30 busiest US airports faced shortages of air traffic controllers, the Federal Aviation Administration (FAA) said on…
Delivery firm DPD accused of ‘revenge’ sacking drivers who criticised pay cuts
Published: November 1, 2025 17:00
Exclusive: Labour peer calls for change in the law after company terminates contracts of strike ‘ringleaders’The delivery firm DPD has been accused of “revenge” sackings after workers spoke out against a plan to cut thousands of pounds from their earnings,…
The London consensus is a timely challenge to Trump’s isolationism | Phillip Inman
https://www.theguardian.com/business/2025/nov/01/london-consensus-neoliberalism-trump-fairer-growth
Published: November 1, 2025 16:00
A debate on how to achieve fairer, greener growth could point the way to a successor for neoliberal capitalismWhat replaces neoliberal capitalism is a question at the forefront of Donald Trump’s mind every day.The US president has never much liked those…
‘You’re either poor or rich’: the Argentinians struggling under Milei’s chainsaw austerity
https://www.theguardian.com/world/2025/nov/01/argentinians-struggling-milei-chainsaw-austerity
Published: November 1, 2025 13:00
Despite falling inflation, a majority are failing to make ends meet as wages and purchasing power have nosedivedFrancisco Jiménez spends at least eight hours a day, seven days a week, riding through the streets of Buenos Aires as a delivery app rider, yet…
Rise in UK Thanksgivings driven by growing appetite for US foods, retailers say
Published: November 1, 2025 13:00
Growing UK American expat numbers also helping boost sales and bookings for a holiday once seen mainly in filmsThanksgiving was once a holiday Britons knew only from American films, but a growing appetite for US cuisine, from Southern-style comfort food to…
Canadian PM Carney apologises to Trump over anti-tariff Reagan ad run by Ontario premier
Published: November 1, 2025 07:50
Carney said he had made the apology privately to Trump when they both attended a dinner hosted by South Korea’s president on Wednesday The Canadian prime minister, Mark Carney, said he had apologised to the US president, Donald Trump, over an anti-tariff…
Ducking annoying: why has iPhone’s autocorrect function gone haywire?
Published: November 1, 2025 07:43
The internet has been rumbling about autocorrect for years – and now AI is changing how the technology worksDon’t worry, you’re not going mad.If you feel the autocorrect on your iPhone has gone haywire recently – inexplicably correcting words such as…
‘It’s brutal, they feel very attacked’: budget uncertainty hits Southampton boat show
Published: November 1, 2025 07:00
Rising prices and uncertainty over Rachel Reeves’s tax plans means this year many superyacht buyers are just browsing“What would happen if red wine got on that?” It is a common enough question when perusing a carpet store. But, as it happens, the same…
‘Our hard work was worth it’: is a fixer-upper the best way to a dream home?
https://www.theguardian.com/money/2025/nov/01/fixer-upper-house-buying-renovating-property-value
Published: November 1, 2025 07:00
Buying a place in need of renovation is one way of getting on the ladder – here’s how the cost of doing the work stacks upWhen Jess and Rick Sowerby started searching for their first home in 2018, they had not considered a fixer-upper. But after 30…
JP Morgan warned US of $1bn in Epstein transactions possibly related to human trafficking
https://www.theguardian.com/business/2025/oct/31/jp-morgan-jeffrey-epstein-transactions
Published: October 31, 2025 17:48
Bank says it alerted US of ‘suspicious’ transactions just weeks after paedophile was found dead in New York jail cellJP Morgan warned the US government about more than $1bn in transactions linked to Jeffrey Epstein that were possibly related to reports of…
Ministers’ claims to have helped JLR in doubt as £1.5bn support left untouched
Published: October 31, 2025 16:35
Exclusive: No cyber-attack assistance cash has gone into carmaker’s accounts or to struggling suppliersJaguar Land Rover has not drawn down any of a £1.5bn loan facility guaranteed by the government, with suppliers expressing anger over ministers’ claims…
The Next wave: how the clothing retailer spread its wings and made sales surge
https://www.theguardian.com/business/2025/oct/31/next-clothing-retailer-sales-surge
Published: October 31, 2025 15:00
From snapping up labels to growing its fanbase overseas, Next is dusting off its dull image while increasing profitsWhatever Next? One of the UK’s largest clothing retailers is shrugging off its rather dull image and spreading its wings internationally,…
Champagne body attempts to buck Delevingne sisters’ marketing fizz
Published: October 31, 2025 14:10
Comité Champagne accuses Della Vite vegan prosecco firm of exploiting reputation and demands they stop referencing drinkA champagne industry body has written to the celebrity Delevingne sisters demanding they stop making references to the drink in the…
‘The money machine is misfiring’: City blames Brexit for UK’s £20bn productivity headache
https://www.theguardian.com/business/2025/oct/31/city-brexit-uk-productivity-eu-rachel-reeves-budget
Published: October 31, 2025 13:29
Poor output since the leave vote has landed Rachel Reeves with a bigger-than-forecast budget spending gapFor Rob Rooney, the impact of Brexit for the City of London is clear. “Frankfurt, Madrid, Milan and Paris are all doing better than they were. It has…
Nexperia halts chip supplies to China in threat to global car production
Published: October 31, 2025 12:41
Dutch-controlled company informs customers about suspension but is said to want to de-escalate trade warNexperia, the EU-based automotive chipmaker at the centre of a geopolitical dispute, has suspended supplies to its Chinese factory, stepping up a trade…
Tinned tuna maker Princes floats at nearly £1.2bn in boost for London
Published: October 31, 2025 11:15
Business secretary calls IPO ‘huge vote of confidence’ but shares are launched at bottom end of target rangeBusiness live – latest updatesThe tinned tuna maker Princes Group has kicked off a float with a valuation of nearly £1.2bn in a boost for the London…
Starbucks workers hold strike vote and plan for pickets to force first contract
https://www.theguardian.com/business/2025/oct/31/starbucks-workers-strike-vote
Published: October 31, 2025 10:00
Union says world’s largest coffee chain engaged in bad faith bargaining and stonewalled over contractUnionized Starbucks workers across the US are casting their votes on whether to hold a strike amid anger over pay and conditions at the world’s largest…
‘Out of reach’: stalled newbuilds leave Labour’s social housing targets in tatters
Published: October 31, 2025 10:00
As some families face a 200-year wait for an affordable home, what exactly has gone wrong?The stats are stark: families on Bath and North East Somerset council’s social housing list face a 200-year wait for a four-bedroom property and the latest available…
Era of free trade and investment is over, Canada’s PM tells Apec summit
Published: October 31, 2025 09:13
Mark Carney warns Asia-Pacific leaders global economy undergoing profound change, as China’s president mounts defence of free tradeThe Canadian prime minister, Mark Carney, has warned that the era of free trade and investment that formed the foundations of…
UK housing market ‘resilient’ in October; Nvidia boss says selling chips in China is Trump’s call – business live
Published: October 31, 2025 08:56
Rolling coverage of the latest economic and financial newsJensen Huang, chief executive of the chip designer Nvidia, has said that President Donald Trump will make the final call on whether the company can sell its latest chip in China. He said at the…
What – if anything – did Asian countries get out of Donald Trump’s whirlwind tour?
Published: October 31, 2025 08:15
Uncertainty surrounds the signing of this week’s trade deals amid the failure to secure reciprocity from the US to cut tariffsOn Donald Trump’s whirlwind tour of Asia – which involved stops in Malaysia, Japan and Korea – the US president triumphantly…
Woman unable to board flight to Italy because of ill child has benefit stopped
Published: October 31, 2025 07:00
Family denied entry at gate after one of their children had epileptic fit – but HMRC said she boarded one-way flightA woman has had her child benefit stopped after booking a holiday to Italy because HMRC inferred she had emigrated – even though she and her…
Stylish bungalows for sale in England – in pictures
Published: October 31, 2025 07:00
From a home clad in flint built to be self-sufficient and off-grid, to a light-filled horseshoe shape with timber cladding and curved walls Continue reading...
Tackle wood burning and road traffic to improve Europe’s air quality, study finds
Published: October 31, 2025 06:00
Researchers measured toxicity of air samples across continent to advise on ‘efficient’ policies to reduce harmAn international study, published in the journal Nature, has found cutting pollution from road traffic and wood burning may be the most effective…
Two million energy customers are due £240m from old accounts, says Ofgem
Published: October 31, 2025 05:00
Regulator is urging anyone who has moved in recent years to check whether they are owed a refundAlmost 2 million energy bill payers could be owed a share of £240m from old accounts that were closed while still in credit, according to the regulator.The…
Lettings agency takes blame in Rachel Reeves licence row
Published: October 30, 2025 23:43
Agency says staff member offered to apply for licence to allow chancellor to rent out family home, but failed to do soKeir Starmer appears to have escaped the huge political damage of potentially losing his chancellor weeks before the budget, after 24…
Senate passes bill to nullify Trump’s sweeping global tariffs on more than 100 nations – US politics live
https://www.theguardian.com/world/live/2025/oct/30/donald-trump-xi-jinping-meeting-live-updates
Published: October 30, 2025 19:51
Vote passes 51-47 in latest bipartisan effort to end tariffs, after resolutions on repealing Canada and Brazil tariffs passed earlier this weekUS government shutdown: tell us how it could affect your access to food or health insuranceIn the days leading up…
Ofcom criticises O2 for going ‘against the spirit’ of new pricing rules
Published: October 30, 2025 18:45
Bills for up to 15 million customers will rise by more than they were told when they signed contractsThe UK telecoms regulator has criticised O2 for raising prices for millions of mobile phone customers by more than they were originally told.In an unusual…
What has Rachel Reeves done wrong – and how serious are things for her?
Published: October 30, 2025 18:39
A few weeks before she delivers budget, timing of revelation chancellor failed to buy rental licence could not be worseLess than a month before she is due to deliver the budget, Rachel Reeves has admitted breaking rules by failing to apply for a licence…
OpenAI thought to be preparing for $1tn stock market float
https://www.theguardian.com/technology/2025/oct/30/openai-1tn-stock-market-float-ipo
Published: October 30, 2025 18:22
ChatGPT developer is considering filing for an IPO by the second half of 2026, according to reportsOpenAI is reportedly gearing up for a stock market listing valuing the company at $1tn (£76bn) as soon as next year, in what would be one of the biggest ever…
Novo Nordisk bids $9bn for obesity drug maker Metsera in challenge to Pfizer
Published: October 30, 2025 14:39
US biotech viewed as lucrative target partly because of its promising pipeline of weight-loss drugsNovo Nordisk has launched a surprise $9bn (£6.9bn) offer for the US obesity-focused biotech firm Metsera that could gazump an existing bid from Pfizer as the…
‘Morrisons killed us’: UK’s most westerly village shop closes after half a century
Published: October 30, 2025 14:23
The Ferry Stores, in the remote village of Kilchoan, will shut its doors after struggling to fight off the decline in footfall and the advent of home delivery servicesMorag Doherty says the men in the village will have to get their newspapers elsewhere…
No 10 refuses to say if ethics adviser saw proof Reeves’s rental breach was ‘inadvertent’
Published: October 30, 2025 14:12
Pressure mounts on chancellor over failing to get a licence to rent out her south London homeUK politics live – latest updatesDowning Street has refused to say whether Keir Starmer’s adviser on ministerial conduct has seen any evidence to support Rachel…
Volkswagen indicates shortage of Chinese chips would hit profits
Published: October 30, 2025 13:16
New EV models are offsetting a slump in demand but Europe’s carmakers are bracing for shutdownsVolkswagen has signalled that its annual profit targets are at risk without sufficient computer chips, in the latest sign that an expected shortage of…
Birmingham city council was probably never bankrupt, says accountancy expert
Published: October 30, 2025 12:09
Declaration in 2023 that led to spending cuts was based on underestimation of reserves of more than £1bn, shows fresh analysisUK politics live – latest updatesBirmingham city council was “likely never bankrupt” and the decision to issue the section 114…
Trump-Xi meeting shows price of confrontation was too high for both sides
Published: October 30, 2025 12:06
Outcome appears closer to truce than durable peace but outline of broader diplomatic relationship is visibleTrump meets Xi in South Korea – live updatesWhen Donald Trump launched his trade war against China in April, threatening tariffs as high as 145%,…
A single match cost me thousands of dollars at 2026’s World Cup of the 1% | Leander Schaerlaeckens
https://www.theguardian.com/football/2025/oct/30/fifa-world-cup-tickets-prices-comment
Published: October 30, 2025 11:57
With ticket sales phases under way and prices reaching eye-watering levels, my experience raised a crucial question: who is this World Cup for?For months, people in my life had been asking me when and where to get World Cup tickets. In the absence of any…
Halloween candy prices rising, spooked by Trump’s tariffs and climate change
https://www.theguardian.com/us-news/2025/oct/30/halloween-candy-prices-trump-tariffs-climate-change
Published: October 30, 2025 11:00
Prices to spike by 10.8% this year, with some chocolatey treats seeing upticks of at least 20%, analysis showsGhosts and goblins might not be the only scary things popping up this Halloween. Prices for the holiday’s most popular candy treats are rising,…
Virgin Media O2 seals deal with Elon Musk firm to boost UK rural mobile coverage
Published: October 30, 2025 10:05
Service scheduled to launch in 2026 will be first in Britain to use Starlink’s satellites to connect to handsetsVirgin Media O2 has announced a “landmark” partnership with Elon Musk’s satellite company aimed at improving rural mobile network coverage.The…
Trump is using the shutdown to make life tougher for millions of workers | Steven Greenhouse
https://www.theguardian.com/commentisfree/2025/oct/30/trump-snap-food-stamps-federal-workers
Published: October 30, 2025 10:00
Food stamps are in danger and hundreds of thousands of federal workers may go unpaid, as thousands more are laid offFor many Americans, government shutdowns are a painful experience, but in the current shutdown, Donald Trump – that supposed champion of…
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