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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

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  • Tesla and SpaceX explore merger as Elon Musk gives backing
  • United Airlines CEO faces rightwing backlash after calling for US wealth tax
  • What does the UK’s approval of the Jackdaw gasfield mean?
  • Andy Burnham faces climate revolt after approval of North Sea gas drilling
  • Nato increases Black Sea deployment amid escalating deadly Russian attacks
  • Nige seems tired and bored of himself as Kemi conjures a telepathic budget
  • NatWest cracks down on 13,000 staff attending office two days a month
  • Google Cloud outage: problems fixed for ‘most‘ customers, as regulators push for details – as it happened
  • European air fares could rise by as much as 20% in 2027, Ryanair boss predicts
  • Paddy Power owner blames tax rises for plan to shed up to 1,400 jobs
  • Thames Water creditors secure former Labour minister to drive rescue deal
  • All Rivers Spill Their Stories to the Sea review – stirring portrait of fishers driven to eco-activism
  • Billionaire Mukesh Ambani launches India’s biggest-ever IPO
  • Google cloud failure hits millions as UK courts and banks knocked offline
  • Excessive wealth, extreme emissions – and ecocide: what I learned at Europe’s big superyacht show
  • Surprise drop in UK unemployment to 4.7% as John Healey’s first budget looms
  • A modest increase in bank taxes is not the end of the world for lenders
  • Healey to reject calls to raise capital gains tax in budget
  • ‘No real sense of appeal’: Vinted sellers complain of unfair account ‘bans’
  • New Bradford railway station will ‘transform travel across the north’
  • Is this the beginning of the end of the AI stock market boom?
  • Burnham urges officials to come up with more radical options for Thames Water
  • North Sea strikes could severely disrupt UK fuel supplies, union warns
  • ‘Concerning issues’ found at GB power grid by inquiry into cover-up claims
  • France hit by debt sell-off as violent protests unnerve investors
  • Bank of England said to be reviewing Barclays’ handling of private credit loans
  • Violent street protests in France and Italy trigger stock and bond sell-off and send euro lower – as it happened
  • The Canary news website announces closure after ‘vicious campaign against us’
  • AI firm Anthropic to commit 5% of shares to fund for ‘public good’
  • HelloFresh workers claim physical abuse and denied bathroom breaks in class-action suit

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