Nationwide fined £44m by watchdog for financial crime control failings Ineffective systems culminated in serious case of Covid fraud that cost UK taxpayers £800,000
Crypto mogul Do Kwon sentenced to 15 years in prison for fraud Co-founder of Singapore-based Terraform Labs given more jail time by US judge than prosecutors sought
UK economy shrank unexpectedly before budget, data shows GDP fell by 0.1% in October as activity failed to regain momentum after cyber-attack on Jaguar Land Rover
New laws may be considered after ‘harrowing stories’ from ex-Vodafone franchisees Concerns about power imbalance in franchise agreements amid claims over firm’s treatment of small-business owners
‘Squeaky bum time’ as Great Britain’s new rail timetable goes live this weekend More trains, faster journeys and better reliability promised – but spectre of great timetable fiasco of 2018 looms large
Health and safety rules holding UK infrastructure back, says writer of government report Exclusive: John Fingleton says regulators need to change their attitude to risk to end the country’s economic stagnation
MPs announce inquiry into work of Office for Budget Responsibility Treasury committee will examine agency’s forecasting record and discover where it ‘needs to do better’
Disney wants you to AI-generate yourself into your favorite Marvel movie The media company is investing $1bn in OpenAI – and allowing its characters to be used in generated videos
Drax plans to convert part of its North Yorkshire power plant into datacentre Plans are response to surge in demand for AI capability and come after government signalled it would curb subsidies
The UK’s pharma deal was vital – but the GSK boss is right about US dominance It would be absurd to claim the UK has suddenly become a life-sciences leader thanks to the new pricing and tariffs pact
Senate rejects dual healthcare bills as Obamacare tax credits expiration nears Votes came as premium tax credits for estimated 21.8 million enrollees of plans set to expire at end of month
Dushan Chimbur obituary Other lives: Supporter of the Lifeline Humanitarian Organisation who arrived in the UK soon after the second world war as a displaced person
Disappointing Oracle results knock $80bn off value amid AI bubble fears Weaker-than-forecast quarterly data for Larry Ellison’s tech company shows slowdown in revenue growth and big rise in spending Business live – latest updates
Green biotech firms to open factories at Grangemouth; Oracle shares tumble 15% after results disappoint – as it happened Rolling coverage of the latest economic and financial news
US is the best place for drug companies to invest, says boss of London-based GSK Emma Walmsley’s praise for US pharmaceutical market piles pressure on UK government