Bank of England cuts interest rates to 3.75% in pre-Christmas boost for struggling economy
Rate-setters back quarter-point cut after steep fall in inflation and weak economic data but vote remained close
‘We wanted to take action’: US toy company fights back over Trump tariffs
Learning Resources is suing the administration, claiming the president’s tariffs are illegal – and millions of dollars are on the line
‘Uniquely evil’: Michigan residents fight against huge datacenter backed by top tycoons
Locals band together in David v Goliath fight against facility they say would jack up bills, increase pollution and destroy area’s character
Waterstones and Barnes & Noble owner looks to list booksellers on stock market
US hedge fund Elliott thought to prefer IPO in London over New York, which could be welcome boost to UK stock market
BP names Meg O’Neill as new CEO after incumbent ousted
O’Neill, who has led Woodside Energy since 2021, will be oil and gas company’s first female chief executive
MPs warn that UK agreements with Donald Trump are ‘built on sand’
Exclusive: Health select committee chair says UK government’s ‘naive belief’ Trump is a good faith actor ‘could cost UK taxpayer billions’
FCC chair suggests agency is not independent amid fears of Trump power-grab
Brendan Carr’s declaration raises concerns amid Trump efforts to exert greater control over independent agencies
UK government plays down reports of plan to bring EV sales target review forward
Though minister had said ZEV mandate review would be completed ‘quickly as we can’, government confirms it won’t be published until 2027
Ineos chemicals plant is saved. But what is the strategy for the rest of heavy industry?
Argument for ensuring ethylene production at Grangemouth is strong, yet policymaking on deindustrialisation is disjointed
Executives of bankrupt subprime auto lender Tricolor Holdings charged with fraud
Daniel Chu, company’s founder, charged with directing multiple executives since 2018 to defraud investors
What action is Trump taking against Venezuela’s oil industry?
The US president wants a blockade of oil tankers under sanctions to stop them entering and leaving Venezuela
Reeves defends Grangemouth intervention; Warner Bros urges investors to reject $108bn Paramount bid – as it happened
UK inflation falls more than expected to 3.2% cementing expectations of interest rate cut tomorrow; oil prices jump after Trump orders Venezuela blockade
Falling sales at Stella McCartney fuel fears over fashion label’s future
Directors blame ‘challenging market conditions’ as losses widen from £25m in 2024 to £33m
The stats don’t lie. Australia’s tax system is designed to benefit the wealthiest and the rest of us pay for it
Many progressives protest that they are not rich, despite being on a very good wicket. They always reel off their CV of working-class roots
Trump’s tariffs are choking small US manufacturers – even those making music magic
EarthQuaker Devices has served Smashing Pumpkins, PJ Harvey and Radiohead but says tariffs add costs up to 30%