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How the US-Israeli war on Iran created a massive hole in global airspace

Airlines are using long-readied contingency plans but bottlenecks have formed that no amount of planning can fix

European Commission proposes ‘Buy EU’ plan to compete against China

Plan to create and preserve jobs in clean tech and low carbon sectors could include UK if there is reciprocal market access

After months of speculation, Gayle King is staying at CBS News

The morning show host’s contract extension is a victory for the Bari Weiss-led network news division

Union tries to seize control of works council at Tesla’s German factory

Lawsuits and slander claims fly in IG Metall’s battle with Elon Musk over employment rights and conditions

South West Water admits criminal offence over Devon parasite outbreak

Firm admits supplying water unfit for human consumption after nearly 150 people fell ill

UK motor fuel prices rise since Middle East conflict began, and energy bills could jump 10% in July – as it happened

Rolling coverage of the latest economic and financial news

War in Middle East ‘could wipe out growth in UK living standards’

Rising oil and gas prices may affect increase of £300 a year for typical working-age households, says leading thinktank

European stock markets rally after report of ‘secret outreach’ by Iran to try to end war

UK’s FTSE 100 up by more than 50 points, while pan-European Stoxx 600 share index rises 1.2%

Syngenta says it will stop making pesticide linked to Parkinson’s disease

Company will halt production of controversial paraquat weed killer by end of June as it faces thousands of lawsuits

Europe’s next-generation fighter jet project may collapse if row continues, says warplane maker

Dassault Aviation says €100bn project may soon be ‘dead’ if Airbus will not agree on how to share workload

Small investors turn on James Watt after BrewDog co-founder admits ‘many mistakes’

Watt apologises to 200,000-plus ‘equity punks’ who joined crowdfunding rounds but were left empty-handed after cut-price sale

Labor says Australia won’t run out of fuel due to the Iran conflict. So how much do we have and how long will it last?

The amount of crude oil being refined locally has dwindled in recent years – but officials say Australia’s strategic reserve means there’s no need to worry

UK oil firm fined £13m for repeatedly publishing inaccurate financial results

Wood Group’s ‘desire to maintain previously stated financial results’ influenced inaccurate reporting, says regulator

Small business owners: tell us how Trump’s tariff war has affected you

Trump’s sweeping tariffs have left many businesses facing higher costs and uncertainty. We want to hear how smaller companies are navigating the fallout

Workers at top 20 US low-wage firms rely on public assistance, report says

Exclusive: study finds workers at 20 S&P 500 firms rely on Medicaid and Snap as CEO pay and buybacks soar

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  • ‘Can’t enjoy your pint’: Wetherspoons customers welcome ban on loud phones
  • Ministers are waking up to Britain’s gas supply risks. It’s time for decisions
  • Philip Pullman and Maggie O’Farrell among authors urging Burnham to cut business rates on bookshops
  • Alex Ungar obituary
  • Cooling UK labour market ‘questions need’ for Bank of England rate hikes; grocery inflation slows to two-year low – as it happened
  • ‘A feudal relationship’: Stonegate Pub Partners under scrutiny after complaints of tenant mistreatment
  • Ikea to take on eBay and Vinted with UK online secondhand site
  • ABC sues Trump’s media regulator over demand for TV license renewals
  • UK risks running out of gas by 2030s, ministers told
  • Oil prices jump after US-Iran ceasefire expires and Trump threatens Oman
  • Governments’ borrowing costs hit further multi-decade highs as US-Iran peace hopes fade
  • ‘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
  • Student bank accounts: don’t be swayed by the freebies, freshers told
  • ‘I’ve always been fond of hairy creatures!’ Visual effects maestro Rick Baker on a monstrously good career
  • 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

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