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Crispin Odey drops £79m libel claim against FT over sexual misconduct allegations

Ex-hedge fund manager ‘forced to accept’ newspaper likely to succeed in its public interest defence, say his lawyers

Fears of UK and EU flight cancellations as airports warn of jet fuel shortages

Summer holidays could be hit unless oil flows through strait of Hormuz recommence within three weeks

Starbucks’s retail arm gets £13.7m tax credit even as sales increase

Credit can be used to offset future bills as full-year losses at UK division widen to £41.3m and it adds 92 stores

European airports ‘face jet fuel shortages within three weeks’; Irish army called in over fuel protests – as it happened

Body representing European airports reportedly warning of “systemic” shortages if strait of Hormuz is not reopened; petrol demonstrations in Ireland now in their fourth day

Anger as swifts’ nesting holes in Derbyshire rail viaduct ‘blocked up’

Campaigners say birds could die trying to access ancestral nests that were sealed during rail refurbishment

US inflation soars in March as war on Iran drives economy into uncertainty

Prices were up 3.3% over the year, adding to the unpredictability that first came with Trump tariffs

Amazon to finally launch Leo satellite internet in ‘mid-2026’, says CEO

Andy Jassy tells shareholders that long-awaited rival to Elon Musk’s Starlink is ‘on the verge’ of going live

Dolce & Gabbana says co-founder Stefano Gabbana has quit as chair

Designer who left fashion house in January said to be considering options for his 40% stake ahead of talks with lenders

US summons bank bosses over cyber risks from Anthropic’s latest AI model

Reports say Fed chair Jerome Powell among attenders at meeting in Washington

Starmer says he is ‘fed up’ with Trump and Putin’s impact on UK energy costs

PM appears to draw comparison between Russian and US leaders’ actions and calls for plan to restore Hormuz strait shipping

Welcome to Y’all Street: bullish Dallas aims to steal New York’s financial crown

Texas city believes loose rules and low taxes will make the US’s biggest banks come running – can it pull it off?

The daughters of Dominican immigrants achieved the American dream. They’re bringing sweet chocolate success back to the homeland

Janett and Erika Liriano built a chocolate factory in their parents’ homeland – and gave farmers a stake in the company

‘Mental breakdown’: oil tanker workers stuck in Gulf for six weeks are reaching their limit

Seafarer refuses to sail through the strait, citing safety risks and mounting psychological toll

OpenAI shelves Stargate UK in blow to Britain’s AI ambitions

Artificial intelligence company cites high energy costs and regulation for putting landmark project on hold

UK to give £380m grant to Tata battery factory in Somerset

Investment in plant due to supply batteries to Jaguar Land Rover expected to boost economic growth and secure jobs

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  • Governments’ borrowing costs hit further multi-decade highs as US-Iran peace hopes fade
  • Cooling UK labour market ‘questions need’ for Bank of England rate hikes; grocery inflation slows to two-year low – business live
  • ‘Picky bits’ on the menu as British shoppers snap up picnic food in heatwave
  • UK pay growth slows as job vacancies hit five-year low
  • Sports Direct owner Mike Ashley tightens hold on Hugo Boss
  • Oil prices jump after US-Iran ceasefire expires and Trump threatens Oman
  • Student bank accounts: don’t be swayed by the freebies, freshers told
  • Half of homes in Great Britain taking longer to sell than last year amid mortgage volatility
  • At least 109 BHP workers sexually harassed colleagues in a single year, mining company says
  • Top economists urge Burnham to sign UK up to UN initiative on global inequality
  • Ministers drop plan to relax affordable housing rules after negative response
  • Virgin Trains a step closer to running services to Europe in blow to Eurostar
  • European farmers face ‘unprecedented crisis’ after successive heatwaves
  • US gas prices reach highest ever recorded for August amid stalled talks with Iran
  • China’s economy showing signs that slowdown may be extending
  • Leading economies’ borrowing costs hit highest since 2008 crisis
  • Alarm raised over ‘privacy dilemma’ of facial recognition technology at Coles and Woolworths
  • Government borrowing costs hit multi-year highs as markets fear inflation, and oil and gas prices rise – as it happened
  • UK government ‘irresponsible’ for not publishing emergency drought plans
  • Sainsbury’s store pauses AI scanning after false shoplifting accusation
  • JP Morgan boss Jamie Dimon warns UK chancellor not to hike taxes on banks
  • Thom Yorke, Romy and Brian Eno among 200 musicians urging PM to reject new North Sea drilling
  • Asking prices for newly listed homes in UK’s richest borough fall by £100k in one month
  • Are Microsoft’s AI plans being held back by a shortage of chips?
  • Summer jobs bounce back in UK thanks to busy calendar of sport and music
  • Water companies in England and Wales explore ‘surge pricing’ during drought
  • Interest rate dilemma for central banks as inflation rises but growth slows
  • ‘I see the incredible promise’: on set of an AI film shoot as new studios embrace controversial tech
  • ‘Why did it become personal?’: furore over plans to expand Kent oyster shack
  • Burnham urged to crack down on gig economy firms to protect 4m workers

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