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Diageo to nearly double Guinness production and cut jobs in turnaround plan

Published: August 6, 2026 16:12

New CEO Dave Lewis lifts investors’ spirits by promising strategic overhaul worthy of his nickname ‘Drastic Dave’Diageo’s new chief executive has unveiled plans to nearly double Guinness production while hacking back a “significant” proportion of its…

Fifa World Cup ad income boosts Fox’s revenue to $4.21bn in fourth quarter

Published: August 6, 2026 14:43

Average cost of a 30-second spot during tournaments airing on Fox was reportedly between $200,000 and $750,000Fox Corp, parent company of Fox News and the US broadcaster of the Fifa World Cup, reported revenue up 28% to $4.21bn in the fiscal fourth…

Octopus Energy denies it is anti-union as workers push for recognition

Published: August 6, 2026 14:00

GMB says that as a top-rated ethical company, UK’s largest energy firm should welcome involvement of unionsWorkers are pushing for union recognition at the UK’s largest energy company, Octopus Energy, known as a progressive organisation with a focus on…

German factory orders rise faster than expected; Asian shares fall on tech pullback – business live

Published: August 6, 2026 07:19

Germany’s biggest arms maker Rheinmetall slashes outlook after cancelled government contract; crude oil prices hold below $80 a barrelUK housebuilder Persimmon has lifted its outlook, saying it is “well-placed” to benefit from prime minister Andy Burnham’s…

‘I’m not spying’: how Meta’s smartglasses have divided opinion

Published: August 6, 2026 04:00

While some users say the wearables have changed their lives, critics voice fears over safety and privacyWith more than 7m pairs reportedly sold in 2025, Meta’s Ray-Ban smartglasses are fast becoming one of the world’s most popular gadgets.While supporters…

‘Parkinson’s Valley’: the herbicide haunting a New York farm town

Published: August 5, 2026 13:00

Paraquat is banned in over 70 countries. Some farmers and their families in Hebron believe the pesticide is causing Parkinson’s disease and are demanding that New York ban itGordon Chaplin gingerly stepped out of the car at the top of the steep hill behind…

‘Leicester Square, please guv’: Self-driving taxis cleared for London streets ‘later this summer’

Published: August 5, 2026 12:45

Wayve Uber wins first minicab licence for autonomous cabs from TfL but vehicles will have a safety driver (at first)The taxi app company Uber and the autonomous technology developer Wayve have been granted the first minicab licences in London, allowing…

Teachers need help with AI. A union is offering training – with $23m in funding from big tech

Published: August 5, 2026 12:00

Partnership between American Federation of Teachers, one of the largest labor unions in the US, and AI firms has stirred controversyDarius Saczuk, a high school teacher, views artificial intelligence as his enemy. Earlier this year, he and several dozen…

‘They’re selling the safety of the traveling public’: TSA workers decry Trump privatization push

Published: August 5, 2026 11:00

Union exploring options to oppose program that would put US airport screening into hands of private contractors The labor union representing workers at the Transportation Security Administration (TSA) is raising alarms over a new program that will expand…

Why is Anthropic destroying books? | Kathryn James

Published: August 5, 2026 11:00

The AI company apparently found destructively scanning ‘all the books in the world’ easier than dealing with copyright in its quest for training dataShould we destroy all the books in the world?An answer to this question can be found in the court documents…

‘If we don’t fight back, we don’t have a future’: the journalist taking on the ‘tech fascists’ of Silicon Valley

Published: August 5, 2026 09:00

As Elon Musk, Peter Thiel and their peers have grown richer and more influential, Gil Durán argues they have all but abandoned democracy – and found the perfect government to enable themIn April, Gil Durán was permanently banned from Elon Musk’s X for…

Global shares jump on AI trade revival despite SpaceX, AMD setbacks – business live

Published: August 5, 2026 07:57

Technology stocks booming again while Brent crude trades around $80 a barrel amid hopes for a Middle East interim dealPalantir Technologies shares rocketed 29.5% on Tuesday, its second-best day ever, after the AI company reported “otherworldly” quarterly…

SpaceX beats revenue expectations in first earnings report after IPO crash

Published: August 4, 2026 23:34

Company posts $7.81bn in revenue, a jump of 92%, after share prices crashed following IPO debutFor the first time since SpaceX went public, the world is getting a first-hand look into the trillion-dollar corporation’s financials. The Elon Musk-run business…

Government contracts to require job creation instead of green targets under new rules

Published: August 4, 2026 21:30

Louise Haigh says taxpayer money must benefit local communities amid backlash from environmental groupsMinisters will scrap the requirement for companies to prove their green and progressive values before they are awarded government contracts, and instead…

Fifa accused of using ‘blackmail’ to force support for Infantino’s re-election bid

Published: August 4, 2026 18:40

Jordan FA president says Fifa threatened to block fundsSecretary general calls selloff plan ‘sad and reproachable’The Jordan Football Association president, Prince Ali bin al-Hussein, has accused Gianni Infantino’s administration of “blackmail”, claiming…

BP boss is unsentimental in pruning portfolio and clear on North Sea advice to Burnham

Published: August 4, 2026 17:56

Meg O’Neill is overseeing rapid clearing of the decks at BP after strategic muddle of recent years, with ‘message’ for new PMBP will ignore “sentiment” and “history” in pruning its portfolio of assets, says its new-ish boss, Meg O’Neill. She demonstrated…

Revealed: major oil firms make $93bn profits amid war and climate crisis

Published: August 4, 2026 17:49

Iran conflict windfall over three months reignites calls for companies ‘cashing in on human misery’ to pay for environmental damageEight of the biggest oil companies amassed profits of more than $90bn (£67bn) in just three months as the Iran conflict sent…

Trump administration reportedly drafting ban on Chinese datacenter components

Published: August 4, 2026 17:21

Trump’s FCC is developing a measure to bar US imports of new models of Chinese datacenter devices, sources sayThe Trump administration is reportedly drafting a ban on US imports of new models of Chinese datacenter components, in the latest sign US…

‘A 99 with a Flake? That will be £7, please’: what’s behind the surge in ice-cream van prices?

Published: August 4, 2026 15:22

From the cost of milk and chocolate to diesel and electricity, every part of producing the summer treat has been hit by the climate crisis and other shocksName: Iceflation.Appearance: An ice-cold rip-off, with a Flake on top. Continue reading...

David Ellison claims opposition to his mega-merger stems from potential CNN control

Published: August 4, 2026 15:05

With his $111bn deal to acquire the cable network’s parent company stalled in the courts, Ellison took to courting the publicSpeaking out on the lawsuit against the massive merger between Paramount Skydance and Warner Bros Discovery (WBD), Paramount CEO…

My son has cancer. Kalshi wants you to be able to bet on his medical future | Joshua Pederson

Published: August 4, 2026 12:00

The predictions market is planning to allow betting on clinical trial results and regulatory decisions as our family fights for his survivalMy son is 12 years old. No matter how many Legos we get him, he will only build robotic mechs. He draws haunting…

Trump Fed chair’s inflation strategy: leave it to the market | Eduardo Porter

Published: August 4, 2026 11:00

Kevin Warsh would rather stay out of the fray – and thus devalue the Fed’s credibility as an economic stewardIt must feel strange to argue that government action is inevitably counter-productive – illegitimate even – when the government is you.For the last…

US water facilities targeted by ‘malicious cyber actors’ – who’s to blame?

Published: August 4, 2026 11:00

Despite Trump’s efforts to blame Tim Walz and Minnesota, officials suspect Iran behind attacks on US infrastructureLate last week, federal authorities issued a stern warning saying “malicious cyber actors” were targeting water and wastewater facilities in…

Calls for UK bank tax to fund cost of living help as HSBC profits hit £7.5bn

Published: August 4, 2026 09:10

Levy could raise £19bn to help pay for Andy Burnham’s support for those struggling with bills, say campaignersBusiness live – latest updatesCampaigners have renewed calls for a windfall tax on UK banks that could raise £19bn towards Andy Burnham’s cost of…

Oil profits spike as Middle East war fuels energy prices and Trump blasts soaring earnings – business live

Published: August 4, 2026 06:35

Rolling coverage of the latest economic and financial newsProfits are surging at oil companies on the back of the spike in energy prices triggered by the war in the Middle East.BP is the latest to reveal its windfall earnings today: its second-quarter…

Metro Bank customer fights for £14,000 refund after AI-linked fraud

Published: August 4, 2026 06:00

Lender was told money was being taken without authorisation, with cash used to buy credits for Claude chatbotA Metro Bank customer has told of his fight to get more than £14,000 back after its systems failed to stop a fraud involving the AI chatbot…

‘Fortnite on steroids’: the virtual gaming worlds transformed to train British soldiers

Published: August 4, 2026 04:00

Inside Skyral, part of a consortium that won a £2bn MoD contract to help forces game out complex decisionsOn a sunny July day in Riga, Latvia, a Nato convoy drives down a street lined with kebab shops and a pharmacy. At a downtown intersection, there is…

US states sue Trump administration over new tariffs on 60 trading partners

Published: August 3, 2026 22:35

Coalition of 25 states asks US Court of International Trade to halt tariffs and declare them them unlawfulTrump imposes fresh tariffs on dozens of trading partnersA coalition of 25 US states sued the Trump administration on Monday over new tariffs pegged…

AstraZeneca should stick to its winning formula. It doesn’t need a $400bn US mega-merger

Published: August 3, 2026 17:22

The Anglo-Swedish drugmaker’s flirtation with a grand combo with US group Bristol Myers Squibb is baffling• AstraZeneca shares fall 8.9% over merger talks with US cancer drug firmSir Pascal Soriot, chief executive of AstraZeneca, starts with huge credit in…

Yen hits three-month high after Trump helps prop up currency

Published: August 3, 2026 08:02

US and Japanese governments confirm they carried out a rare joint intervention late last weekWhy has Trump stepped in to prop up Japan’s currency?Business live – latest updatesThe yen has hit its highest level in three months after Washington and Tokyo…

UK economy faces recession if strait of Hormuz remains closed, EY warns - business live

Published: August 3, 2026 06:40

Rolling coverage of the latest economic and financial newsThe shipping group Clarkson’s has reported its best ever half-year performance this morning, benefiting from disruption in the Middle East.Its pre-tax profit shot up 56% to £61.5m in the first six…

Trump’s hypocritical new tariffs are a chance for the world to fight back | Joseph Stiglitz

Published: August 3, 2026 06:00

The president’s pretext of stopping forced labour is only a ruse – he is trying to grab a share of global trade for the USHere he goes again. The US President, Donald Trump, is increasing and decreasing tariffs willy-nilly, violating international…

Why has Trump stepped in to prop up Japan’s currency?

Published: August 3, 2026 04:45

The US has bought up yen to strengthen the currency for the first time in almost 30 years, with the moves raising questions about America’s motivesThe US has launched a bid to prop up the value of the yen, marking an extraordinary coordinated intervention…

From occupied Crimea to Oxfordshire: the Kremlin links to new £600m UK theme park

Published: August 2, 2026 06:00

Exclusive: Puy du Fou worked with under-sanctions oligarch on plans for Crimea resort longer than disclosed, and later courted Iran and ChinaIn February 2014, thousands of “little green men” – Russian soldiers in unmarked uniforms – flooded into Crimea,…

California announces minimum wage increase as governor taunts Trump

Published: August 1, 2026 20:39

Gavin Newsom says new pay floor of $17.40, set to become highest of any US state, will go into effect on 1 JanuaryCalifornia governor Gavin Newsom announced that the state’s minimum wage will rise to $17.40 next year, a ay floor set to become the highest…

Trump offering early access to online posts in move seen as corruption

Published: August 1, 2026 17:29

Truth Social, where Trump’s account is by far the largest, to offer users early access for up to $100,000 per monthDonald Trump is now offering early access to his Truth Social posts in a move that has been seen as corruption benefitting a sitting…

Ultra-processed food companies hindering health drives by suing countries, says WHO

Published: August 1, 2026 16:00

Exclusive: Director general accuses corporations of obstructing efforts to tackle obesity crisis after investigation by Guardian and othersThe world’s biggest ultra-processed food corporations are hindering global efforts to tackle the obesity crisis by…

There can be no letup. Humiliated Infantino must stand down at Fifa or be removed | Nick Ames

Published: August 1, 2026 15:00

Uefa’s call for a boycott and declaration of no-confidence must be the opening salvos in push to dethrone game’s global leaderThere is no time to dance around the subject. Gianni Infantino must stand down as Fifa president or otherwise be legally removed.…

New York City’s Flatiron building enters new era with $58.5m apartments

Published: August 1, 2026 13:00

Manhattan’s triangular building will open this fall to wealthy residents, with 36 apartments exposing Flatiron’s ‘steel skeleton’New York City’s Flatiron building has had many lives: as a structure seen as a deathtrap; as a nuisance which created a deadly,…

China’s tech advances are causing chaos from Silicon Valley to the White House

Published: August 1, 2026 12:00

New AI models, advanced robots and specialty computer chips are unsettling markets and the US tech industryOver the past month, a series of advancements in China’s artificial intelligence, chip manufacturing and robotics technologies have rattled financial…

In the battle of Elon Musk v the press, we can’t let truth be the loser | Jane Martinson

Published: August 1, 2026 11:00

The trillionaire Tesla owner has called the editor of the Economist a ‘traitor to the west’ after a clash-filled interview. How should the media respond?Elon Musk’s long interview with the editor of the Economist is as good a representation as any of the…

Gianni Infantino ‘has lost Uefa’s confidence’ after Fifa chief scraps World Cup sell-off plan

Published: August 1, 2026 10:08

Infantino ditched proposals after widespread backlashUefa adds: ‘We cannot keep going on with secret schemes’Uefa has warned Gianni Infantino that his style of leadership cannot continue in demanding a thorough and fundamental review of Fifa’s…

‘We didn’t feel safe’: Booking.com users face battle to get money back

Published: August 1, 2026 09:00

From melted electric sockets to shabby alternatives, readers tell of dealings with platform when things go wrongJane Ripley* spent some time researching the best apartment to stay in for her family’s trip to Batumi in Georgia, eventually settling on one…

Knickers in a twist: why M&S selling crotchless panties isn’t as outrageous as it seems

Published: August 1, 2026 08:00

Some have called it ‘S&M’, but partnership with Ann Summers is less a scandal than another step in a century of evolving underwear trends, experts sayThe news that Marks & Spencer is selling Ann Summers crotchless knickers on their website has been greeted…

Turn failing water firms into not-for-profit cooperatives, MPs and mayors tell PM

Published: August 1, 2026 06:00

Labour politicians say mutualised model puts public in control without adding debt to government’s balance sheetMPs and mayors close to Andy Burnham have told the prime minister there is a “third way” to gain more control of failing companies, as the row…

ECB official warns climate crisis poses growing threat to ‘core financial stability’

Published: August 1, 2026 04:00

Exclusive: As wildfires rage, Frank Elderson says more work needed to assess risk from collapse of ecosystem servicesA senior policymaker at the European Central Bank has said the climate emergency and the breakdown of nature poses a dramatically growing…

Bessent ‘to-do’ list shows proposal for US to buy $5bn-$10bn of Japanese yen

Published: August 1, 2026 00:33

Treasury secretary’s notepad, photographed by Reuters on Friday morning, prompts questions over US plansDuring a cabinet meeting at Camp David on Friday, the US treasury secretary Scott Bessent carelessly revealed plans for the US to buy $5bn-$10bn ⁠in…

Fifa scraps proposal to sell off stakes in World Cup after widespread backlash

Published: July 31, 2026 23:55

Gianni ⁠Infantino issues statement on controversial plan‘This proposal will not proceed,’ confirms Fifa presidentGianni Infantino’s proposal to sell chunks of the World Cup to private investors has sensationally collapsed, with the Fifa president admitting…

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