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Prolonged high oil prices could ‘crimp’ AI boom, WTO warns

Iran war and its impact on energy and fertiliser costs is the main risk to the global economy, report says

Middle East war: why tit-for-tat attacks on gasfields are a major escalation

Strikes on South Pars and Ras Laffan are first time fossil fuel energy production facilities have been hit. Why is it significant?

Horizon IT scandal compensation scheme set up for families of victims

Close relatives of affected post office operators will be able to make claim over harm scandal caused families

Europe’s biggest airlines say fuel price spike caused by Iran war will drive up fares

Carriers warn they cannot hold off passing on costs for long, while some airlines plan to increase flights via Asia

BoE delivers message Britons don’t want to hear as inflation – and rates – look set to rise

Decision to hold interest rates is backed by gloomy assessment of economy as Iran war pushes up oil prices

Bank of England holds interest rates at 3.75% and signals rise is possible within months

Decision comes as concerns mount over economic fallout from Iran war bringing inflation shock

PwC partners who fail to embrace AI have no future at firm, US CEO warns

Paul Griggs says senior staff at consulting firm who are not ‘paranoid about being AI-first’ are likely to be replaced

Buzz kill: US breweries shutter as fanfare over craft beers appears to fade

Covid-related downturns and reductions in alcohol consumption have taken a toll on a once booming industry

BP to sell German oil refinery as part of $20bn cost-cutting plan

Energy company plans full return to London by moving global HQ to new development on South Bank

UK pay growth sinks to five-year low as younger workers hit by hiring slowdown

Unemployment holds steady, but Bank of England is unlikely to be convinced by ONS data to cut interest rates

What will happen now the £100 contactless card limit has been scrapped?

Watchdog says banks will be able to respond to changing consumer demands, inflation and new technology

UK to cut climate aid to developing countries by 14% to £2bn a year in ‘refocus’

Move will put national security and lives overseas at risk, critics say, as overall UK aid budget is slashed to 0.3% of gross national income

Night buses will run to every Greater Manchester borough as Bee Network expands

Changes revealed by Andy Burnham to support night-time economy follow rapid growth in ridership

Trump threatens to ‘blow up’ all of Iran’s South Pars gasfield if Tehran strikes Qatar

US president says ‘extremely important and valuable’ site will be targeted if Iran continues to attack Qatar facilities

Inside China’s robotics revolution

The long read: How close are we to the sci-fi vision of autonomous humanoid robots? I visited 11 companies in five Chinese cities to find out

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  • Electricity costs put UK steelmakers in worst position in three years against EU rivals
  • Microsoft pulls out of AI datacentre project in Essex over power supply concerns
  • Small business owners are doing OK – but will that help Trump overcome his low approval ratings?
  • World leaders must wise up to threat of cyber-attacks or rogue fridges will be least of their worries
  • World Bank says ‘small AI’ could transform developing countries
  • More peas, please! 17 delicious ways to devour Britain’s most brilliant vegetable
  • Condé Nast’s UK profits drop by more than a third as sale of Vogue publisher ruled out
  • Heat pumps and insulation would cut UK living costs more than new oilfields, study suggests
  • Intensifying drone attacks on ships in Black Sea bring war ever closer to Nato shores
  • Why Britain should reject the lure of cheap – and scary – Chinese AI
  • Bank of England governor walks out of IMF summit in protest against Russia
  • Stinky business: south London bike shop hit by ‘unbearable’ stench from Thames Water sewer
  • Plan to make firms pay more to train older workers than youth apprentices in England
  • Healey backs pro-growth case for Heathrow third runway after Burnham ducks issue
  • No 10 leaves option open to impose Chinese EV tariffs if UK joins EU scheme
  • The Guardian view on the banks: too big to fail cannot mean too big to tax
  • Extreme heatwaves in Europe not changing Britons’ holiday plans, say travel bosses
  • IMF suggests UK should cut spending rather than raise taxes on banks, as Healey prepares budget raid – as it happened
  • Target pensions or welfare, not banks, IMF tells John Healey
  • UK risks losing key role in European space industry over satellite contract, says Airbus boss
  • For restaurants Covid-19 was a crisis – pandemic loans are proving a disaster
  • British food and drink exports to EU collapse by more than a third since Brexit
  • Elon Musk reveals ‘world’s first flying car’ at Tesla event
  • ‘We should all be worried’: calls grow to limit London rollout of robotaxis
  • Ofgem could force energy suppliers to pay rivals if they lure customers with cheaper deals
  • Revealed: VW, Ford and Tesla batteries linked to destructive deforestation of indigenous lands
  • Repairing Brexit economic damage should be Burnham’s top priority, business chief says
  • Number of cloned number plates on UK roads at record high, data shows
  • ‘People’s dignity, and democracy, is at stake’: meet the economist ditching ideology for reality
  • France drops opposition to UK being included in ‘Made in Europe’ legislation

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