Rachel Reeves should scrap the North Sea windfall tax now The UK should optimise North Sea oil and gas production while it transfers to renewables and nuclear developments
Energy bills could rise by £160 after Iran conflict pushes gas prices higher Household costs could reach £1,800 a year from July as UK market hits three-year high
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