‘Restaurants won’t survive’: Michelin chef opens venues abroad to withstand UK taxes

Jason Atherton, who has restaurants in Dubai, St Moritz and now Tuscany, says it’s tough to stay afloat in UK hospitality industry

Airlines still have to pay compensation if flights cancelled due to fuel crisis, EU says

Ryanair says that unlike others it will not be cancelling summer flights as it hedged fuel contracts before Iran war

Reopening strait of Hormuz would have limited impact on cargo flows, says Maersk

CEO of Danish shipping group says increased costs due to higher fuel bills passed on to customers

Powerful US utilities secretly fund ‘grassroots’ groups to sway cities away from switch to public power

As communities push for publicly owned electricity, private utilities may be deploying dark money and local front groups to stop them

‘At a crossroads’: will piling-up crises force Europe to put brakes on SUV culture?

Bigger cars including electric can cause multiple harms, yet resistance to rise of US-style vehicles has had mixed support

Fertiliser shortages to have dramatic effect on food prices, says Duke of Westminster’s firm

Mark Preston, of Grosvenor Group, who owns one of the UK’s leading farms, says knock-on effect of Iran war could arrive next year

Cut UK speed limits to reduce Iran war impact on consumers, thinktank urges

Cap of 20mph in towns and cities and 60mph on motorways would cut fuel demand and combat rising prices, IPPR says

Shivon Zilis, mother of four of Elon Musk’s children, testifies in OpenAI trial

Zilis, an executive at Musk’s brain implant startup Neuralink, served on OpenAI’s board from 2020 to 2023

Uncertainty looms as last oil tanker from Middle East arrives in California

With gas more than $6 in state, delivery of about 2m barrels is last planned shipment to pass through strait of Hormuz

Keep quiet ‘so we don’t go to jail’: the Israelis charged with bribery after suspicious bets placed on Iran strikes

Authorities allege that Omer Ziv and an unnamed air force major used classified information to bet on the timing of military operations on Polymarket

New York real estate titan likens the phrase ‘tax the rich’ to racial slurs

Steve Roth was responding to the announcement by New York’s mayor of tax on second homes worth more than $5m

Oil prices fall as Trump says strait of Hormuz ‘open to all’ if Iran accepts deal

US president says war will end if Tehran agrees to deal, but that ‘bombing starts’ again if it does not

Trainline says Middle East tensions hitting European rail bookings

Profits jump to £122m at ticketing retailer but it expects flat or declining revenues over the coming year

Norwegian government attacked over decision to reopen North Sea gasfields

Approval for exploration in 70 new areas prompts fierce backlash from fossil fuel opponents

In this budget, all eyes are on CGT. But Labor’s rumoured family trust tweaks might also help fight tax inequality

If Albanese’s newest budget can tame discretionary trust tax dodging, it will be a good step in ensuring the rich are treated the same as the rest of us