Thames Water in crisis after funding failure; UK confirmed in recession – business live Live, rolling coverage of business, economics and financial markets as water company says it will not receive £500m injection from shareholders
Fresh crisis for Thames Water as investors pull plug on £500m of funding Decision raises concerns about financial future of UK’s biggest water company
Blow for Sunak as revised figures confirm UK did go into recession last year Latest estimate from ONS says GDP declined by 0.3% in final quarter of 2023
Airbnb host increased price by 39% after booking We were forced to cancel when the host wanted thousands extra, but were still charged a fee
Tory donor Frank Hester raised complaint about NHS contract with health secretary Exclusive: Man who has now given party at least £10m copied Steve Barclay into email about problems with bid, documents show
Sam Bankman-Fried will grow old in jail. But don’t forget those who basked in his orbit If the high-rollers surrounding the disgraced FTX founder had any qualms about taking his money, they didn’t show it, says the Guardian columnist Aditya Chakrabortty
UK households urged to submit meter readings ahead of energy price cut Martin Lewis among those encouraging consumers to make a note so they do not overpay when cap reduced
Baltimore bridge collapse: US braces for supply chain disruption Downing of Francis Scott Key Bridge disrupts shipping of cars and parts and risks loss of Baltimore’s cargo trade to other ports
Water companies in England face outrage over record sewage discharges Call for environmental emergency to be declared after data reveals 105% rise in raw sewage discharges over past 12 months
How can Donald Trump’s loss-making Truth Social be worth $9bn? The rightwing social network’s flotation, supported by fans of the ex-president, makes it look like part of the ‘meme stock’ phenomenon
Maryland lawmakers draft emergency bill to help Baltimore port workers Plan aims to cover workers’ salaries, with state senate leader saying 15,000 people rely on port ‘to put food on the table’
Sellafield’s head of information security to step down Richard Meal is second senior leader to depart following Guardian investigation into failings at UK nuclear waste site
UK Libor trader Tom Hayes loses appeal against rate-rigging conviction – as it happened The former star UBS and Citigroup trader was convicted of conspiracy to defraud by manipulating financial benchmark and served 5 1/2 years in prison
The push against wage rises has begun again – it’s an argument for Australia’s poorest workers to become poorer A 5% rise in award and minimum wages is pretty modest and won’t set fire to inflation or cause interest rates to stay high
Inflation is bananas: after 20 years, Trader Joe’s raises the fruit’s price by four cents Increase from 19 cents to 23 cents sparks an uproar as grocery store’s fans lament ‘end of an era’