US stock market caps off fifth consecutive week of closing down Dow fell 800 points as oil prices continue to climb, and markets are still on edge despite US pause on Iranian energy strikes
Wall Street hits six-month low and Dow falls into correction as Trump ‘appears to lose his grip on markets’ – as it happened Rolling coverage of the latest economic and financial news, as Brent crude trades over $110 a barrel for first time since Monday
Lloyds bank faces £66m court battle with car loan customers Law firm is preparing claim on behalf of 30,000 consumers who fear the FCA’s redress scheme will shortchange them
UK government borrowing costs hit 5% as Iran war fuels bond market sell-off Yields on 10-year debt reach highest since the 2008 financial crisis, raising concerns of faster interest rate rises
Asda warns of ‘temporary shortages’ at some petrol pumps amid Iran war Comments from boss Allan Leighton come as squeeze on supplies drives average UK petrol price above 150p a litre
Italy investigates beauty brands over concerns about young girls’ mental health Regulator fears use of ‘covert marketing strategies’ by Sephora and Benefit might fuel compulsive habits
Ministers should ‘start doing stuff’ to help farmers and cut fuel costs, says Asda boss Allan Leighton predicts food prices will inevitably rise, as group’s full-year profits dive by a third to £764m
‘It’s fired people up’: support grows, including within Labor, for new gas tax to curb wartime profits Government, industry and opposition see growing public support for a new gas tax but the industry is fighting back
Blink and miss: Trump’s tactic of threats first and U-turn later is proving stale in Iran war President’s move, dubbed Trump Always Chickens Out, appears to have soured as he loses hold on situation in Iran
Brendan Carr: is Trump’s FCC chair uniquely powerful or a paper tiger? Broadcasting regulator has become one of the nation’s most prominent newsmakers – he seems to relish the spotlight
UK car production falls 17% as industry warns of ‘worrying’ decline Weak demand and global trade pressures hit ouput, with energy price rises expected to bring further drop
Almost half a million Lloyds customers had personal data exposed in IT glitch Letter from group published by MPs blames 12 March glitch on software update to its mobile banking apps
$30 an hour by 2030: new pushes to increase minimum wage in New York and California Oakland and New York campaigns for $30 minimum wage gain steam as workers battle high costs and pushback
Five firms including Autotrader and Just Eat investigated over fake review failings CMA also looks into Pasta Evangelists, funeral operator Dignity and review company Feefo in latest crackdown
I was paid to write fake Google reviews – then my ‘bosses’ tried to scam me Undercover reporter gets a taste of the sprawling fraud industry in which cryptocurrencies play a crucial role