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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: 190
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Reeves eyes Gulf trade pact as UK government’s ‘next deal’ after EU summit – business live
Published: May 20, 2025 07:13
China’s and Australia’s central banks cut interest ratesRachel Reeves said the UK government is closing in on a trade pact with six Gulf nations, including Qatar and Saudi Arabia, as its next major deal.The chancellor told the BBC the agreement would be…
Post Office data leak: hundreds of Horizon victims offered up to £5,000 compensation
Published: May 20, 2025 07:04
Payments to be made to post office operators whose details were published online, according to reportHundreds of former post office operators will reportedly be compensated by the Post Office after it accidentally leaked their names and addresses in June…
Parking firm failed to respond to my appeal before raising the fine
Published: May 20, 2025 06:00
Reader is willing to pay original sum but says no one should be fined for stopping for just over 2 minutesIn February, I parked briefly outside a clothing store to visit a nearby shop. As soon as I entered, the shopkeeper informed me that parking was not…
Balenciaga names Pierpaolo Piccioli creative director as fashion houses’ creative upheaval continues
Published: May 20, 2025 01:05
Piccioli’s appointment comes after the departure of controversial former creative director Demna in MarchPierpaolo Piccioli has been named creative director of renowned French couture house Balenciaga, the latest in a series of moves across the upper…
Keir Starmer hails UK’s reset deal with EU as a ‘win-win’
https://www.theguardian.com/politics/2025/may/19/keir-starmer-uk-eu-reset-deal-win-win
Published: May 19, 2025 18:31
British prime minister says ‘Britain is back on the world stage’ but faces criticism from rightwing BrexitersKeir Starmer has vowed his EU reset deal will deliver cheaper food and energy for British people, heralding a “win-win” as he sealed the…
Perrier owner scrutinised after France reportedly covered up illegal water filter treatment
Published: May 19, 2025 18:02
Report finds Nestlé used purification treatments that were unauthorised for natural mineral waterFrance’s lucrative mineral water industry is under scrutiny after a report by the senate found the French government had covered up a scandal over illegal…
This new EU deal is great for Britain. Now, Labour, focus on the future, not on Farage | Polly Toynbee
https://www.theguardian.com/commentisfree/2025/may/19/new-eu-deal-labour-farage-brexit
Published: May 19, 2025 16:53
Cheaper food, passport e-gates, youth exchanges – we are finally on a path to repair the colossal damage Brexit has doneCircle the wagons: Europe draws together confronting an enemy to its east and a rogue state to its west. “Everything has changed,” said…
Alarm over US government’s burgeoning debt rattles markets
https://www.theguardian.com/business/2025/may/19/moodys-downgrades-us-credit-rating
Published: May 19, 2025 16:07
Bond yields rose and the dollar weakened as Trump administration tries to play down significance of setbackNews that the US has lost its last triple-A credit rating and fresh concern over the US federal government’s burgeoning debt pile unnerved markets on…
Labour will hope EU deal is final piece of jigsaw to boost UK economy
Published: May 19, 2025 16:01
Acknowledgment from business sector that Britain is an appealing investment proposition is one aimDeal with EU will make food cheaper and add £9bn to UK economy, says No 10UK politics live – latest updatesMonday’s EU-UK reset deal will not instantly…
Tariffs are clearer at Diageo – not much else is | Nils Pratley
Published: May 19, 2025 15:57
Diageo ought to be fine but given the turmoil of the past couple of years, the market wants to wait and seeJohnnie Walker owner Diageo says Trump tariffs could hit profits by $150mIn February, when Donald Trump was directing his opening tariff salvo at…
How to protect your data after a cyber-attack
https://www.theguardian.com/technology/2025/may/19/how-to-protect-your-data-after-a-cyber-attack
Published: May 19, 2025 15:56
What to do you if you’re worried your information may have fallen into the wrong handsAnother cyber-attack has hit the headlines – this one involving the personal data of hundreds of thousands of legal aid applicants in England and Wales.It comes hard on…
Ghosts of Brexit past haunt new UK-EU deal – Politics Weekly Westminster
Published: May 19, 2025 15:05
The UK and EU have reached a deal, in what Downing Street hopes will be a reset with Brussels after Brexit. But with negotiations coming down to the wire and fishing yet again a sticking point, how much has changed? Pippa Crerar and Kiran Stacey look at…
UK’s 50 richest families hold more wealth than 50% of population, analysis finds
Published: May 19, 2025 14:32
Equality Trust says billionaires getting ‘ludicrously’ richer, with top two now wealthier than whole of 1990 rich listThe number of billionaires in the UK has grown sharply – from 15 in 1990 to 165 in 2024 – at the same time as inequality in the UK’s…
Bankrupt DNA testing firm 23andMe to be purchased for $256m
https://www.theguardian.com/technology/2025/may/19/23andme-to-be-purchased-256m
Published: May 19, 2025 14:24
Drugmaker Regeneron Pharmaceuticals will buy the genetic testing firm through a bankruptcy auctionThe drugmaker Regeneron Pharmaceuticals will buy the genetic testing firm 23andMe Holding for $256m through a bankruptcy auction, the companies said on…
Starmer denies claim ‘win-win’ UK-EU deal has sold out fishing sector – video
Published: May 19, 2025 14:01
Keir Starmer has rejected claims he has sold out the fishing sector, saying the deal between the UK and the EU is 'good for fishing'. The last-minute agreement was reached early on Monday morning and will remove checks on agrifoods, add £9bn to the UK…
Car-free streets, geothermal heating and solar panels: Paris’s new eco-district – in pictures
https://www.theguardian.com/world/gallery/2025/may/19/paris-eco-district-pictures
Published: May 19, 2025 14:00
Clichy-Batignolles, in the city’s north-west, is emblematic of the ‘15-minute’ city approach to urban planning Continue reading...
Will Labour’s shake-up really fix Great Britain’s ailing railways?
Published: May 19, 2025 14:00
As South Western becomes the latest operator to be renationalised, there are questions about whether the changes will lead to lower faresAt the rarely experienced hour of 6.14am on Sunday, the first train to carry the Great British Railways branding will…
From fishing to Erasmus: what the UK’s deal with the EU will mean
https://www.theguardian.com/politics/2025/may/19/fishing-erasmus-uk-eu-deal-keir-starmer
Published: May 19, 2025 13:50
Keir Starmer has billed the agreement as a hat-trick after his India and US deals – here’s how things are likely to pan outUK politics live – latest updatesMonday’s deal between the UK and the EU has been almost a year in the making but it is long on hope…
Eurozone growth forecasts cut amid uncertainty over Trump trade war
Published: May 19, 2025 13:42
Tariffs impact demands ‘considerable downgrade’, to 0.9% this year and 1.4% in 2026, says European CommissionBusiness live – latest updatesThe European Commission has cut its growth forecasts for the eurozone this year and next as a result of uncertainty…
Trump’s tax cut bill advances in rare weekend vote but conservatives demand more changes
https://www.theguardian.com/us-news/2025/may/19/trump-tax-cuts-bill-house-republicans
Published: May 19, 2025 11:49
Republicans passed tax cut and border security package out of key House committee in Sunday voteUS politics live – latest updatesUS House Republicans narrowly advanced Donald Trump’s big tax cuts package out of a key committee during a rare Sunday night…
Deal with EU will make food cheaper and add £9bn to UK economy, says No 10
Published: May 19, 2025 11:00
Agreement reached to ‘slash red tape’ on food products, in exchange for extended EU access to fishing watersUK politics live – latest updatesA deal clinched between the UK and EU to remove checks on agrifoods will add £9bn to the UK economy and lower food…
Ryanair to raise air fares after lower ticket prices hit profits
Published: May 19, 2025 09:20
Chief executive Michael O’Leary says full-year results are ‘robust’ and airline will pay about €400m in dividendsBusiness live – latest updatesRyanair has said air fares will head back up this summer after a year of lower fares saw the budget airline’s…
Annual energy bills in Great Britain forecast to fall by £129 in July
Published: May 19, 2025 09:01
Ofgem price cap on gas and electricity likely to drop by 7% to £1,720 a year, says consultancy Cornwall InsightBusiness live – latest updatesAverage household energy bills could drop by £129, or 7%, in July, according to a new forecast. However, analysts…
Johnnie Walker owner Diageo says Trump tariffs could hit profits by $150m
Published: May 19, 2025 08:02
FTSE 100 group, which also owns Tanqueray and Smirnoff, is to cut costs – which could lead to job lossesBusiness live – latest updatesDiageo, the drinks business behind Guinness and Johnnie Walker whisky, has said Donald Trump’s tariffs could hit its…
Stock markets drop after US credit rating downgraded by Moody’s – business live
Published: May 19, 2025 07:43
Rolling coverage of the latest economic and financial newsUS credit rating downgrade could add to pressure on government debtThe pound has now risen to its highest level against the US dollar in almost two weeks., as the greenback continues to slide…
Expert tips on saving money on meat, from alternative cuts to the best butchers
Published: May 19, 2025 06:00
From planning ahead to knowing what looks (and smells) good, a carnivore’s guideIt is estimated that UK households throw away 10 % of beef, pork and poultry they buy each year. That’s about 250,000 tonnes in total, so it is important to plan what you are…
StockX refuses to refund me over peeling £300 Bape trainers
Published: May 19, 2025 06:00
Reader accuses reselling site of giving customers no recourse over quality issues after sneakers began to fall apartIn January, I bought a pair of designer “snakeskin” trainers by A Bathing Ape for £300 from the online reseller StockX. Several years ago I…
Labour can’t keep papering over the cracks in the care sector
Published: May 19, 2025 05:00
Improving pay and conditions for neglected workers is an urgent national challengeWhen Yvette Cooper announced she was cancelling visas for social care, in a round of tough-talking TV interviews earlier this month, she made clear that pay and conditions in…
How has Britain’s economy fared since Brexit? The five charts underpinning the UK-EU summit
Published: May 19, 2025 05:00
Almost a decade after the referendum, there are challenges to be tackled at Monday’s gathering hosted by Keir StarmerKeir Starmer is hosting the first UK-EU summit since Brexit on Monday as the government pushes to “reset” the relationship with Britain’s…
Plunging value and a content cliff edge: what’s gone wrong at Sky?
https://www.theguardian.com/business/2025/may/19/sky-comcast-jobs-exclusive-shows-subscribers
Published: May 19, 2025 05:00
Since Comcast takeover, broadcaster has slashed jobs and is losing the exclusive shows that drew subscribersWhen the boss of the media multinational Comcast was putting together an ultimately eye-watering £31bn bid for Sky, he recounted how a chat with a…
Weakening of UK EV sales rules ‘likely to result in significantly more carbon emissions’
Published: May 19, 2025 04:00
Analysis suggests there could be 500,000 additional plug-in hybrid electric cars on Britain’s roads by 2030The UK government’s weakening of rules on electric car sales is likely to result in significantly more carbon emissions as sales of plug-in hybrids…
Trump tariffs could lead to surge of cheap Chinese vapes in UK, experts say
https://www.theguardian.com/society/2025/may/19/uk-vapes-e-cigarettes-chinese-imports-tariffs-trade
Published: May 19, 2025 04:00
Researchers fear new models will circumvent forthcoming disposables ban as diverted imports also drive down pricesChina is set to flood Britain with cheap vapes, researchers have said, as manufacturers seek to capitalise on the world’s second biggest…
At least £64bn of property in England and Wales is hidden behind opaque trusts
https://www.theguardian.com/world/2025/may/19/property-england-wales-hidden-behind-opaque-trusts
Published: May 19, 2025 04:00
Campaigners say secretive ownership structures are becoming the ‘go-to vehicle for kleptocrats’The owners of nearly a quarter of a million properties in England and Wales worth a combined £64bn are hidden behind opaque trusts, according to research that…
Santander UK freezes salaries and cuts jobs in commercial banking arm
Published: May 19, 2025 04:00
Exclusive: Bank also set to slash bonuses in wider shake-up that could help make it more attractive to potential buyersSantander UK is freezing salaries, slashing bonuses and cutting jobs across its commercial banking arm as part of a wider shake-up that…
UK ‘may need 92,000 extra public workers if fall in productivity continues to 2030’
Published: May 18, 2025 23:01
Report suggests Rachel Reeves could be forced to spend £5.1bn if last year’s downward trend continuesThe chancellor, Rachel Reeves, could be forced to spend more than £5bn and employ 92,000 extra workers across the public sector if declines in productivity…
Average asking price for UK home hits new high of almost £380k
https://www.theguardian.com/business/2025/may/19/average-asking-price-uk-homes-record-may
Published: May 18, 2025 23:01
Rightmove says figure has risen in May by 0.6% compared with April despite lower demand from new buyersThe average asking price of a UK home has hit a new record high for the second month in a row, with sellers seeking almost £380,000 on average in May,…
EU ministers call for coordinated action on Russian ‘shadow fleet’ in Baltic Sea
Published: May 18, 2025 16:15
Fleet of tankers sailing under flags of convenience estimated to carry up to 85% of Russia’s oil exportsCalls to step up and coordinate the interdiction of the unflagged Russian “shadow fleet” of oil tankers in the Baltic Sea were made this weekend before…
US treasury secretary says Walmart will ‘eat some of the tariffs’ after Trump demand
https://www.theguardian.com/us-news/2025/may/18/trump-walmart-tariffs
Published: May 18, 2025 15:59
Scott Bessent claims he received assurance in a personal call with company’s chief executiveThe US retail giant Walmart will “eat some of the tariffs” in line with Donald Trump’s demands, the president’s treasury secretary Scott Bessent insisted on Sunday,…
The Guardian view on Labour’s competition policy: don’t let big tech set the agenda | Editorial
Published: May 18, 2025 15:00
Ministers seem to think a more conciliatory approach to corporate behemoths is good for growth. The evidence suggests otherwiseGovernments chase private investment. Few ask who really benefits. Recently, Labour has been genuflecting to the tech industry in…
Musk’s AI bot Grok blames ‘programming error’ for its Holocaust denial
Published: May 18, 2025 14:41
Grok doubted 6 million death toll, days after peddling conspiracy theory of ‘white genocide’ in South AfricaElon Musk’s artificial intelligence chatbot Grok has blamed a “programming error” to explain why it said it was “sceptical” of the historical…
Pete Songi on Keir Starmer’s dance with the EU – cartoon
Published: May 18, 2025 13:28
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Investors await clues on fallout from M&S cyber-attack
Published: May 18, 2025 12:59
Retailer still reeling from online shutdown with fashion sales expected to be worst hitShoppers and shareholders will look this week to Marks & Spencer to share more information about the impact of a damaging cyber-attack and whether the retailer can give…
US credit rating downgrade could add to pressure on government debt
Published: May 18, 2025 12:45
Loss of Moody’s triple-A rating comes amid concerns about fiscal trajectory and widening budget deficitUS government debt may come under more pressure this week after the credit rating agency Moody’s stripped the US of its top-notch triple-A credit…
My advice to the new Green party leader? It's time to expose the climate deniers | Carla Denyer
https://www.theguardian.com/commentisfree/2025/may/18/green-party-leader-climate-action-beat-reform
Published: May 18, 2025 12:00
Labour has allowed climate action to become synonymous with hardship. Farage’s Reform is exploiting that – but we offer real solutionsCarla Denyer is co-leader of the Green party of England and Wales and MP for Bristol CentralWhen I announced recently that…
‘I feel free’: the people who quit office jobs for the great outdoors – and would never go back
Published: May 18, 2025 11:00
Fed up with being inside all day? Missing fresh air and nature? Five people who ditched their desks reveal the truth about their new livesSteve Kell, 59, countryside ranger, Warwickshire Country Parks I always loved being in nature. But I didn’t know what…
Five common banking mistakes – and how to avoid making them
Published: May 18, 2025 11:00
If you are sticking loyally with a bank, using an overdraft or failing to read the small print, you may well be losing out Many of us frequently shop around for the best insurance deals or supermarket offers but forget about their bank account – and it…
Slot machine firms target UK’s poorest areas and channel funds to billionaires
https://www.theguardian.com/society/2025/may/18/slot-machine-firms-uk-poorest-areas-andy-burnham
Published: May 18, 2025 11:00
Exclusive: Politicians including Andy Burnham call for councils to be given powers to stop new sites openingSlot machine companies are targeting Britain’s poorest neighbourhoods and channelling the proceeds to billionaire-owned overseas corporations and a…
This pause in the trade war will be brief. Small businesses, plan accordingly
https://www.theguardian.com/us-news/2025/may/18/small-business-trump-tariffs-plan-impact
Published: May 18, 2025 11:00
Trump’s animosity towards China isn’t going to disappear, and his past actions do not bode well for a quick resolutionDonald Trump’s massive Chinese tariffs are on pause. The media debated. Wall Street rejoiced. Many of my clients breathed a sigh of…
A Labour lost in the weeds can’t rebuild this country. Starmer must regain his nerve | John Harris
https://www.theguardian.com/commentisfree/2025/may/18/labour-keir-starmer
Published: May 18, 2025 11:00
Labour has good ideas and years left to change Britain. Why is it acting as if its time is almost up? Just under a week on from Keir Starmer’s latest pronouncements about immigration, plenty of people on his own side are still gripped by a queasy sense of…
Elton John says UK government being ‘absolute losers’ over AI copyright plans
Published: May 18, 2025 09:47
Songwriter says he thinks it is a ‘criminal offence’ to let tech firms use protected work without permissionSir Elton John has called the UK government “absolute losers” over proposals to let tech firms use copyright-protected work without permission.The…
‘We’re in the last, hard yards’: quiet hopes for UK-EU reset at crucial summit
Published: May 18, 2025 08:30
Monday’s meet-up could provide the piece of the jigsaw to unlock UK growth and draw a line under the Brexit yearsFor veterans of the Brexit years, such as Keir Starmer, the next 12 hours will feel painfully familiar. Negotiations will go until the final…
Apple to launch new accessibility features for people with vision or hearing impairments
Published: May 18, 2025 06:44
Features launching later this year to include live captions, braille reader improvements and accessibility ‘nutrition labels’ in the app storeApple has announced a broad range of new accessibility features for iOS focused on people with vision or hearing…
UK train companies could have to pay disabled passengers more compensation after rule change
Published: May 18, 2025 06:00
Regulator says claims over failures no longer limited to the cost of a ticket in bid to toughen accessibility rulesRailway operators in the UK could soon have to pay out far greater sums in compensation to disabled passengers left unable to access trains…
‘Free hamper – just pay P&P’: the scam offers targeting your bank details
Published: May 18, 2025 06:00
Scammers offering prizes or free gifts to UK consumers are taking tens of thousands of pounds a yearThere’s no such thing as a free lunch, they say, and the same may be true of hampers, laptops and chainsaws.Scammers are using emails, text messages and…
‘Too big to fit in your mouth’: sunny spring delivers crop of ‘giant’ UK strawberries
https://www.theguardian.com/business/2025/may/18/giant-uk-strawberries-weather-growers
Published: May 18, 2025 05:00
‘Perfect’ weather conditions produce berries that growers say are between 10% and 20% bigger than usualThe UK’s sunny spring weather has provided “perfect” conditions to produce strawberries so big you “cannot fit them in your mouth”, UK growers have…
UK on verge of deal with EU to let Britons use European passport e-gates
Published: May 17, 2025 21:30
Exclusive: Agreement could cut airport queues, caused by need to have passports stamped after BrexitBritish holidaymakers could face shorter airport queues this summer with negotiators on the verge of striking an agreement for UK passport holders to use…
Outrage in Greece after Adidas advert shows drone shoe ‘kicking’ Acropolis
Published: May 17, 2025 16:00
Athens takes legal action after its most famous monument given role in creating ‘extremely unpleasant image’Greece is taking legal action after authorities were caught unaware by the fifth-century BC Acropolis playing a star role in an Adidas advertising…
‘Fight back and don’t let them win’: Pedro Pascal responds to Trump’s attacks on artists – video
Published: May 17, 2025 15:38
The actor urged artists to keep expressing themselves after the US president called singer Bruce Springsteen a 'pushy, obnoxious JERK' on his social media platform Truth Social. Pascal was in Cannes on Saturday promoting his new film Eddington, directed by…
UK government dropped health push after lobbying by ultra-processed food firms
Published: May 17, 2025 15:19
Exclusive: Guardian investigation reveals guidance for retailers in England changed after campaign by global food firmsGovernment legal guidance urging retailers in England to offer millions of consumers deals and discounts on minimally processed and…
Bank of England should promise lower interest rates and see off Nigel Farage | Phillip Inman
Published: May 17, 2025 15:00
Rate-setters would fuel growth by clarifying policy and bringing rates low enough to boost growthHow can the Bank of England avoid being a loyal and trusted friend to Nigel Farage? That’s easy. It could say the cost of borrowing will tumble over the next…
Lib Dems claim deeper trade deal with EU would raise £25bn of tax revenue
Published: May 17, 2025 12:13
Deal that stops short of joining customs union or single market could pay for reversing benefit cuts, party saysA deeper trade deal with the EU that stops short of joining the customs union or single market could bring in £25bn of tax revenue and pay for…
How Donald Trump’s ‘historic’ Gulf state deals benefit a handful of powerful men
https://www.theguardian.com/us-news/2025/may/17/donald-trump-gulf-states-ai
Published: May 17, 2025 12:00
The deals stand to enrich tech CEOs substantially by opening up new audiences for their productsOn his tour of the Middle East this week, Donald Trump announced a slew of multibillion-dollar tech deals with the leaders of Saudi Arabia, the United Arab…
Homes to buy or rent in the Guardian’s happiest places to live in England – in pictures
Published: May 17, 2025 11:00
From Georgian grandeur in York to a detached home with slope-defying garden in Lewes, properties to make you smile• The Guardian’s happiest places to live in Britain revealed Continue reading...
Gone in 40 days: how Trump’s ‘liberation day’ tariff assault unraveled
https://www.theguardian.com/us-news/2025/may/17/trump-liberation-day-tariff-walk-back
Published: May 17, 2025 09:00
The impact of those six chaotic weeks, from higher prices to slowing growth, is still unfolding, and the story continuesDonald Trump hailed a new chapter in the US’s economic history on 2 April, dubbed “liberation day” by his administration, as he…
Split payments and second jobs: how music festival fans afford soaring costs
Published: May 17, 2025 09:00
As festivalgoers do whatever it takes to pay for the summer season, struggling organisers innovate to sell ticketsFrom Monday to Friday, Jessica Heath works as a civil servant in central London – but when the weekend comes, it’s not time to relax. For the…
It’s not a rich list – it’s gone far beyond that. We need to talk about ‘extreme wealth’ | Dhananjayan Sriskandarajah
https://www.theguardian.com/commentisfree/2025/may/17/sunday-times-rich-list-extreme-wealth-damage
Published: May 17, 2025 08:00
We recognise extreme poverty as ruinous, but this turbo-charged affluence is deeply damaging too. Treat it as suchDhananjayan Sriskandarajah is chief executive of the New Economics Foundation and author of Power to the PeopleOnce again, it’s the Hinduja…
Virgin Money mortgage holders cry foul over owner Nationwide’s better deals
Published: May 17, 2025 06:01
Building society offer means Virgin customers pay nearly £1,000 more in fees despite lender owning both brandsSome Virgin Money customers are crying foul over the fact that Nationwide borrowers are being offered better-value mortgage deals, even though…
Which Trump tariffs are active, which are paused and what’s next?
https://www.theguardian.com/us-news/2025/may/17/trump-tariffs-update-active-on-hold
Published: May 17, 2025 06:00
The US president has introduced an evolving slate of tariffs over the last few months. Here’s their current statusOver the last few months, Donald Trump has introduced a confusing and evolving slate of tariffs against specific countries and industries that…
Controversial ‘dynamic pricing’ model revealed in FA Cup final seat sales
Published: May 17, 2025 06:00
Exclusive: Seat Unique, a firm backed by stars including England captain Harry Kane, charged more than £3,000 for two seatsControversial “dynamic pricing” has arrived in English football, the Guardian can reveal, after a company backed by sports stars…
Families of victims appalled as Boeing seems likely to avoid prosecution over 737 Max crashes
https://www.theguardian.com/business/2025/may/16/boeing-737-crashes-justice-department-deal
Published: May 16, 2025 16:36
Trump’s justice department is considering a non-prosecution agreement, through which Boeing would not need to plead guiltyBoeing is set to avoid prosecution in a fraud case sparked by two fatal crashes of its bestselling 737 Max jet that killed 346 people,…
Campaigner wins court case that could lead to festival ban in London park
Published: May 16, 2025 16:12
Rebekah Shaman of Protect Brockwell Park took action against Lambeth council, leading to debate about use of public spaceA campaigner who argued that music festivals held in a south London park unfairly cut off large sections of the space and made it a…
Anglian Water fined record £1.42m for contaminating water supply
Published: May 16, 2025 15:42
Firm prosecuted after unapproved material in tanks led to flakes and powder entering drinking water of 1.3m peopleAnglian Water has been fined a record £1.42m for contaminating the water supply.The company, which covers the east of England, received the…
UK Peppa Pig toy firm says trading ‘uncertain’ as US-China shipments on hold
Published: May 16, 2025 15:08
London-listed Character Group paused shipping Chinese-made goods in April due to Donald Trump tariffsBusiness live – latest updatesA British manufacturer that makes Peppa Pig and Fireman Sam toys has said trading with the US remains “uncertain” after it…
Scattered Spider hackers in UK are ‘facilitating’ cyber-attacks, says Google
Published: May 16, 2025 13:29
US retailers being targeted after attacks on Britain’s Marks & Spencer, the Co-op and HarrodsBusiness live – latest updatesUK-based members of the Scattered Spider hacking community are actively “facilitating” cyber-attacks, according to Google, as…
Trump says US will unilaterally set new tariff rates for scores of countries
https://www.theguardian.com/us-news/2025/may/16/trump-us-tariff-rates-trading-partners
Published: May 16, 2025 13:24
President says letters revealing rates will be sent out within weeks as Washington lacks capacity for individual dealsBusiness live – latest updatesDonald Trump has said the US will send letters to some of its trading partners to unilaterally impose new…
In California’s deep-red north, voters startled by pace of cuts – but they’re still backing Trump
https://www.theguardian.com/us-news/2025/may/16/california-shasta-county-trump-cuts
Published: May 16, 2025 13:00
President remains popular in conservative Shasta county despite plans to cut health, recreation and veteran servicesDonald Trump’s administration has sought to remake the federal government at a breakneck pace. In far northern California – where he has…
Up to 700,000 migrants do not have UK eVisas, days before deadline
https://www.theguardian.com/uk-news/2025/may/16/uk-evisa-home-office-deadline-immigration
Published: May 16, 2025 12:49
Problem-hit Home Office online system is replacing physical proof of right to work and live in BritainHundreds of thousands of people have still not registered for eVisas, leaving them without the means to prove their immigration status just days before…
Cash Isas: ministers sound out City bosses on cutting £20,000 tax-free allowance
https://www.theguardian.com/money/2025/may/16/cash-isas-city-bosses-cut-20000-tax-free-allowance
Published: May 16, 2025 11:56
Investment firms say scaling back tax breaks would help UK stocks, but banks and public are wary of changeBusiness live – latest updatesTreasury ministers are sounding out City bosses on cutting the £20,000 tax-free allowance on popular cash Isas, as they…
Global recycling rates have fallen for eighth year running, report finds
Published: May 16, 2025 11:00
Researchers call for investment in ‘circular solutions’ as consumption rises faster than growth in populationGlobal recycling rates are failing to keep pace with a culture focused on infinite economic growth and consumerism, with the proportion of recycled…
Elon Musk’s AI firm blames unauthorised change for chatbot’s rant about ‘white genocide’
Published: May 16, 2025 10:32
xAI’s Grok bot repeatedly referred to widely discredited claim about South Africa that has been touted by Donald TrumpElon Musk’s artificial intelligence company has blamed an “unauthorised modification” for a glitch in its Grok chatbot that resulted in…
Bill Nighy in a rap band? Welcome to the Universal Studios theme park – the Stephen Collins cartoon
Published: May 16, 2025 09:30
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Number of UK billionaires falls after market turmoil, but King Charles’s wealth jumps – business live
Published: May 16, 2025 08:00
Rolling coverage of the latest economic and financial newsIgor and Dmitry Bukhman, the Russian-born brothers who founded mobile gaming company Playrix, top the list of the wealthiest people under the age of 40 in London.Playrix has produced popular mobile…
Homes for sale with stylish interiors in England – in pictures
Published: May 16, 2025 06:00
From internally remodelled Georgian in West Sussex to a cacophony of colour in east London, cool properties Continue reading...
Nasal tanning sprays linked to skin cancer, trading standards officers warn
Published: May 16, 2025 04:00
Demand for ‘dangerous and unregulated’ tan-enhancing sprays being driven by influencers, watchdog saysNasal tanning sprays linked to cancer and respiratory problems and other unsafe cosmetic products pose one of the biggest threats to consumers, trading…
Foreign states should not be co-owners of UK newspapers | Nils Pratley
Published: May 16, 2025 04:00
The definition of an acceptable state stake should be zero if one is serious about protecting press freedom‘We are fully upholding the need to safeguard our news media from foreign state control while recognising that news organisations must be able to…
Poor building standards add £1,000 to energy bills of new homes, analysis finds
Published: May 16, 2025 04:00
About £5bn more spent than if rules for low-carbon new-builds had not been scrapped in 2016, ECIU thinktank findsPeople living in newly built homes are being hit with energy bills that are nearly £1,000 a year higher than need be because of the poor…
Who are the players behind Trump’s foreign policy? – podcast
Published: May 16, 2025 04:00
From a trip to the Middle East to talks between Russia and Ukraine, it’s a busy week for Donald Trump and US foreign policy. Jonathan Freedland speaks to the Guardian’s global affairs correspondent, Andrew Roth, about the big players behind the US…
Trump announces more than $200bn of deals between US and UAE
https://www.theguardian.com/us-news/2025/may/15/trump-200bn-uae
Published: May 15, 2025 23:40
Pledge to strengthen ties with Gulf state includes a $14.5bn agreement with Boeing, GE Aerospace and Etihad AirwaysDonald Trump has announced deals totaling more than $200bn between the United States and the United Arab Emirates, including a $14.5bn…
Delay farmer inheritance tax changes ‘to allow for better formulation’, say MPs
Published: May 15, 2025 23:01
Report says proposals ‘threaten to affect most vulnerable’, who would be helped by more time to seek adviceA group of influential MPs has urged the government to delay controversial planned changes to inheritance tax for farmers to “allow for better…
Wealthy Britons avoiding more tax than thought, spending watchdog says
Published: May 15, 2025 23:01
NAO reports £1.9bn tax gap for wealthy individuals and urges ministers to redouble efforts to secure more revenueWealthy individuals in Britain could be avoiding more tax than thought, the government’s spending watchdog has said, after a dramatic fall in…
Edinburgh tops list as US housebuyers eye a UK home
https://www.theguardian.com/money/2025/may/16/edinburgh-tops-list-as-us-housebuyers-eye-a-uk-home
Published: May 15, 2025 23:00
US inquiries at eight-year high with Glasgow also in top 10, estate agents sayInquiries from people in the US about buying a home in Britain are at an eight-year high, with Edinburgh topping the list, new data shows.Hard on the heels of figures showing US…
Divine intervention against cold callers | Brief letters
https://www.theguardian.com/money/2025/may/15/divine-intervention-against-cold-callers
Published: May 15, 2025 16:48
Scammers’ souls | Peter Sullivan | ‘The enemy within’ | Strangers to whom? | State ownership of newspapersYears ago I decided to interrupt cold callers (Letters, 11 May) and say: “Just a minute. Let us pray. O heavenly Father, who sees into our hearts. You…
Is Burberry’s job-slashing shake-up enough to save the troubled brand?
https://www.theguardian.com/business/2025/may/15/burberry-jobs-luxury-brand
Published: May 15, 2025 16:05
‘Lacklustre’ designs and a slowdown in the luxury goods market have taken a heavy toll on the British fashion labelThis week’s news that Burberry is cutting 1,700 jobs after a 117% fall in profits is, of course, terrible for affected employees around the…
Default rate for energy bill direct debits hit record high last month, says ONS
Published: May 15, 2025 15:47
Figures show households struggling, with 2.7% of direct debits for gas and electricity failing due to lack of funds Business live – latest updatesA record proportion of British households were unable to pay their energy bills by direct debit last month…
TikTok breached EU advertising transparency laws, commission says
Published: May 15, 2025 13:28
Company could face fine of 6% of annual turnover if European Commission’s preliminary verdict is upheldThe European Commission has said TikTok is in breach of EU digital laws that require transparency over who pays for advertising.The commission reached a…
Trump says he has a ‘little problem’ with Tim Cook over Apple’s India production
Published: May 15, 2025 13:25
President rebukes tech firm after reports it will switch assembly of iPhones for US market from China to IndiaDonald Trump has admonished Apple and its chief executive over the tech firm’s reported plans to source production of US-bound iPhones from…
Walmart will have to raise prices this month due Trump tariffs, executives say
https://www.theguardian.com/business/2025/may/15/walmart-raise-prices-trump-tariffs
Published: May 15, 2025 12:44
Retailer expects annual sales to continue to rise but ‘we aren’t able to absorb all the pressure given the reality of narrow retail margins’, CEO saysWalmart will have to start raising prices later this month due to the high cost of tariffs, executives…
Ben & Jerry’s co-founder arrested for protesting Gaza blockade at US Senate hearing
Published: May 15, 2025 12:35
Ben Cohen and others interrupted RFK Jr at hearing to protest Israel’s Gaza blockade and Medicaid cutsBen Cohen, the co-founder of Ben & Jerry’s ice-cream, has been charged with “crowding and obstructing” others after he was arrested while protesting…
Nissan open to making cars for Chinese partner in Sunderland, says CEO
Published: May 15, 2025 11:46
Ivan Espinosa says UK plant will not be hit by cost cuts as Japanese firm reveals seven factories to closeBusiness live – latest updatesNissan’s new chief executive has said the Japanese carmaker would be open to building cars for a Chinese partner at its…
Just ignore all the myths about low traffic neighbourhoods: they’re popular, effective and here to stay | Izzy Romilly
https://www.theguardian.com/commentisfree/2025/may/15/ignore-myths-low-traffic-neighbourhoods-ltn
Published: May 15, 2025 10:11
After the high court ruled one high-profile scheme unlawful, it is important to make the case for LTNs. Luckily, there is a strong one to makeHope springs eternal among those who have long opposed low-traffic-neighbourhood (LTN) anti-pollution schemes…
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