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UK, Germany and Italy ‘working together’ to navigate commercial shipping through strait of Hormuz – as it happened

Rolling coverage of the latest economic and financial news

Trump’s re-election may have helped Albanese – but the US war in Iran is creating economic conundrums

Resurgent inflation, already a factor before the Middle East conflict, now risks intensifying, creating a problem for the prime minister

Cathay Pacific offers £20,000 Sydney-London flight amid disruption in Gulf

Hong Kong-based airline has business-class return listed at A$39,577, as travellers look for route avoiding Middle East

Crispin Odey was described as ‘sex pest’ by head of his hedge fund, court hears

Multimillionaire begins case against FCA ban over handling of investigation into sexual misconduct claims

VW to cut 50,000 jobs by 2030 amid Trump tariffs and falling Chinese sales

Car group reports 54% drop in pre-tax profits as it says Iran war could affect demand for Audi and Porsche brands

‘Everyone feels like they are being scammed’: can Central America’s small coffee growers survive as global prices fall?

Family-run farms in El Salvador and Honduras face mounting losses, rising costs – and the need to adapt or be left behind

Trump’s ‘free flow of energy’ vow fails to restart shipping in strait of Hormuz

Only two vessels not linked to Iran or Russia have braved ‘chicken run’ since US president’s promise on Friday

Iran war could knock UK homebuyer confidence, says builder Persimmon

Growing fears that elevated interest rates will continue, as Barclays finds worries that war will push up inflation

Scrapping North Sea windfall tax would not reduce UK energy bills, say experts

Rachel Reeves said to be considering levy cuts for oil and gas firms, but economists say this would just fatten profits

Oil prices fall and stocks rebound after Trump says Iran war could end ‘very soon’

FTSE 100 opens higher and European markets rise as US president describes conflict as ‘very complete’

Millions in England to pay higher water bills after suppliers appeal

Anglian, Southern, Wessex and South East allowed to raise charges more than originally permitted by watchdog

‘Vicious cycle’: panic buying is biggest risk to Australia’s petrol supplies, experts say

Government and motoring groups say there is no shortage of fuel supplies but stockpiling has left country service stations running dry, as Iran war sparks oil price fears

Qantas hikes international air fares citing volatile oil prices from war in Middle East

Airline reports spike in ticket sales to Europe in March, as passengers with carriers affected by flight chaos rebook

Ryanair insists we failed to board a phantom flight

Airline has refused refund after our flight was diverted because of bad weather and we were left on the plane for six hours

UK households that use heating oil face ‘frightening’ surge in bills over Iran war

Chancellor raises prospect of help after prices almost treble since start of conflict

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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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