The Guardian view on Adam Smith: he deserves rescuing from the free-market myth

Editorial: On the 250th anniversary of The Wealth of Nations, the Scottish philospher is still invoked by the right. Yet he worried about inequality, monopoly and the power of wealth

Three merchant ships struck as tensions rise in Hormuz strait amid Iran war

Crew of Thai-registered bulk carrier forced to flee fire, as US says it has destroyed 16 Iranian mine-laying vessels

Sir Ronnie Hampel obituary

Chief executive and chairman of ICI in the 1990s who oversaw the creation of the pharmaceutical company Zeneca

Will releasing millions of barrels of oil stockpiles really bring down fuel costs?

Despite rare act of multilateralism, there is no guarantee the IEA’s release of 400m barrels from reserves will depress prices

Lloyd’s of London stresses it is still insuring shipping in strait of Hormuz

Company at heart of global maritime cover fends off criticism over cancelled policies and sharp price rises

British fintech Revolut gets full banking licence

Group lodged application in 2021 but had to overcome accounting issues and reputational concerns

CMA to investigate heating oil suppliers over ‘blatant profiteering’ from Iran war

Competition watchdog says it will look into ‘concerning reports’ to see if they breach consumer protection laws

World’s energy watchdog orders emergency release of 400m barrels of oil to curb prices – as it happened

IEA’s oil release is largest in its history; UK government considering support schemes for households and businesses hit by surge in energy prices

‘I took two bites and had to spit it out’: candy makers are phasing out real cocoa in chocolate

Due to the volatile cocoa market, companies like Hershey are using replacement ingredients such as sugar, oil, milk and nuts

UK companies struggling to hire young people amid cost pressures, MPs told

Business lobby groups say firms less likely to take on staff with few qualifications or who have gaps in their CVs

IEA orders largest ever release of stockpiled oil to reduce crude price

Members agree unanimously to release about 400m barrels amid market volatility caused by Iran war

Labor must stop juicing house prices and make buying a home the Australian dream – not negatively gearing one

The rumours of action on the capital gains tax discount and negative gearing are louder than before any budget this century. But is the PM up to the task?

Porsche to cut more jobs after costly reversal of electric car strategy

German carmaker has struggled with rising competition in China, a key market for European luxury brands

US inflation stayed flat at 2.4% in February before effects of war on Iran kicked in

Effect of war on prices not reflected in data, as Trump says only ‘fools’ would think oil price shocks would be significant

Nearly 4,000 US meatpacking workers to strike at plant run by top Trump donor

Workers at JBS USA to strike Monday in what will be the first labor strike in the meatpacking industry in decades