Tech oligarchs reshape humanity while billionaires of old seem quaint From Gates to Musk and Altman, today’s ultra-rich steer AI and tech, raising questions about who decides the future
BrewDog sold Highland estate for knockdown price after abandoning its reforestation plans Self-styled ‘punk’ beer company bought land in 2020, pledging to plant Scotland’s ‘biggest ever forest’
Why an Iran war inflation shock could wreck global economic recovery Central bankers and economists warn prolonged conflict could raise retail prices and rip up growth forecasts
Caffè Nero says growth is ‘steady’ but coffee prices are likely to rise Founder of family-owned firm says it will pause acquisitions after takeover of 15 Compass Coffee stores in US
Trump shouldn’t ease Russia sanctions – they are choking its economy As the US waives its ban on India buying Putin’s oil for 30 days, Europe must bolster its own measures, such as stopping the flow of luxury cars
UK recruiter emerges from insolvency for third time, avoiding millions owed in tax Hampshire business seems to have benefited from ‘phoenixism’, which costs the taxpayer about £800m a year
Airline groundings expose depth of world travel’s reliance on Gulf corridor Restart of operations will be a relief to those stranded but may not dispel doubts raised by past week about key transit hub
‘Mainly, you fast fooded’: Monzo under fire over ‘shaming’ year-end reviews Bank criticised for tone of spending summaries, with one user complaining to ombudsman over ‘humiliating’ use of data
Investors are expecting Donald Trump to back down in the war with Iran – but what if he doesn’t? Global markets have become inured to the US president’s posturing over the past year, but economists warn they may be ‘a little bit complacent’ in anticipating a short conflict in the Middle East
Ian Arnot obituary Other lives: Public relations executive who was involved in many charitable causes in Scotland
US preparing system to process refunds on billions in illegal Trump tariffs Top official at customs agency says in filing that total sum held in relation to such tariffs is estimated to be about $166bn
Supermarkets hit by falling demand for nitrite-cured bacon due to cancer fears Sales of products made the traditional way dropped 7% in three months to 25 January while nitrite-free sales rose 20%
Iran war pushes oil price above $90, threatening rise in global inflation Reports Kuwait was cutting output pushed up cost of barrel of Brent crude to highest weekly gain since Covid pandemic began
North Korean agents using AI to trick western firms into hiring them, Microsoft says Firm says AI tools are masking identities of false applicants, who then funnel wages from remote IT jobs to North Korea
Brent crude hits $90 as Kuwait ‘starts cutting oil production’; shock as US economy loses 92,000 jobs in February – as it happened Huge miss in US jobs report suggests labor market weakening, as Middle East crisis drives oil price higher and higher