Trump says he plans crackdown on defense firms over executive pay and stock buybacks President says he wants to raise military budget to $1.5tn and accuses US defense companies of delivery failures
Starmer vows to review franchise legislation in response to Vodafone case Prime minister to ‘look closely’ at outcome of legal claims against FTSE 100 telecoms group
UK housebuilding in deepest slump since 2020 lockdowns; Warner Bros rejects ‘inferior’ $108bn Paramount hostile bid – as it happened Rolling coverage of the latest economic and financial news, as UK construction sector shrinks for 12th month running
Venezuela to continue supplying oil to US ‘indefinitely’, White House says US to remove some sanctions to allow it to keep selling country’s supplies after laying claim to blockaded crude
‘We’re in limbo’: the garden centre ‘golden mile’ that may be lost to a new town Crews Hill near Enfield in north London could become a victim of Labour’s ambitious housebuilding goal
UK and Ireland cinema takings on post-pandemic high as A Minecraft Movie tops 2025 box office Video game spinoff was the highest-grossing film of the year at £56.88m as the sector continued its recovery after Covid
Surprise dip in inflation a lightbulb moment – but RBA unlikely to deliver interest rate bargains Reserve Bank will not find any reason in the new figures to cut rates next month, but the unexpected lower rate should prevent an increase
Warner Bros Discovery tells investors to reject ‘inadequate’ $108bn Paramount bid Board unwilling to accept hostile takeover despite $40bn guarantee from billionaire Larry Ellison
UK construction hit by worst run since global financial crisis Output shrank for 12th month in a row in December, while housebuilding in deepest slump since 2020
Trump claims Venezuela is set for an oil boom after US attack – history points to a bumpy road ahead From Venezuela to Libya to Iraq, removal of dictators has not always guaranteed a surge in oil production, data shows
‘We were sitting with our calculator saying “we can afford that!”’ Joy for families as cystic fibrosis drug prices fall within reach The cost of medication was too high for thousands of CF sufferers around the world. Now a Bangladeshi company is making a generic version that will change lives
FCA fines two former Carillion directors for misleading investors before collapse Richard Adam and Zafar Khan knew about serious problems but failed to alert the market, UK regulator finds
Maga media stars back Trump on Venezuela … mostly: ‘It doesn’t make any sense’ Maga media used to hate US foreign intervention – now some are cheering it on
Gambling platform Polymarket not paying bets on US invasion of Venezuela Gamblers who placed wagers totalling $10.5m angered after capture of Nicolás Maduro deemed not to qualify
Australia Post apologises for losing Aboriginal artist’s painting worth $4,000 Bobbi Lockyer says she sent the item express post with tracking as the national postal service says the search continues