Ofwat should have to approve water firms’ bonuses and dividends, say MPs Report says billpayer funds are being used irresponsibly, after news that Thames Water paid bonuses from £3bn loan
AI could lead to more job cuts at BT, says chief executive Allison Kirkby wants to streamline telecoms company, which is already planning to shed 55,000 workers
Tariff dodgers take big risks to cut small corners Some firms are skirting Trump tariffs through fake labels, shady routes and risky loopholes
Policymakers who think AI can help rescue flagging UK economy should take heed Healthy scepticism is needed because flaw is that large language models remain prone to casually making things up
‘Stay below the radar’: corporate America goes quiet after Trump’s return Some of the world’s most powerful firms have quietly toed the line set by the administration to avoid the president’s wrath
‘We’re being attacked all the time’: how UK banks stop hackers Devastating attacks at M&S, the Co-op and Harrods highlight risks as lenders say cybersecurity is biggest expense
Reeves braced for OBR forecasts to blow £20bn hole in tax and spending plans Downgrades by Treasury watchdog could force chancellor to raise taxes or cut spending at budget to meet fiscal rules
Vodafone terminates contracts of 12 franchisees who joined £120m lawsuit Telecoms group says it strongly refutes claim by 62 franchisees that it ‘unjustly enriched’ itself at their expense
Letting banks loose is back on the agenda as UK politicians chase growth at any cost Labour has helped get ball rolling by lifting the bankers’ bonus cap but we have seen before how this play ends
Grilled cheese shop offers Minnesotans a second chance after prison The Minneapolis restaurant All Square exclusively hires formerly incarcerated people
UK broadcasters hail rare win over Netflix in battle for streaming ads Homes that watch with ads are ‘lighter’ viewers consuming up to 40% less content on some services
There hasn’t been a ‘big chancellor’ since Osborne: IFS chief gives final mark As he steps down after 14 years, Paul Johnson says politicians and voters refuse to accept economic tradeoffs
‘Grenfell was caused by corporate greed’: report calls for far stronger penalties over unsafe cladding Exclusive: Thinktank calls for stronger penalties for corporate negligence in England, including directorship and public-contract bans
M&S ‘praying for sun’ but full recovery from cyber-attack unlikely this summer Shoppers report low availability as retailer prioritises clothing in partial resumption of online services
Is the ocean ‘having a moment’? This was the UN summit where the world woke up to the decline of the seas A slew of global leaders met in the south of France to discuss the future of the oceans. There was ‘momentum’ and ‘enthusiasm’, but there were critical voices too