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Scottish whisky market slides into supply glut amid falling sales and US tariffs

Global sales fall by 3% in third consecutive year of decline as distilleries scale back production or expand storage

US economic growth surges to fastest rate in two years; Tesla’s European sales drop again – as it happened

Rolling coverage of the latest economic and financial news

CDs return to Christmas shopping lists as gen Z embrace ‘retro renaissance’

Demand for CD players rises 74% this year amid deluxe releases from artists such as Taylor Swift and Pink Floyd

US economy grew strongly in third quarter, GDP report says

GDP rose at an annualized rate of 4.3% over the third quarter, far higher than expected

Ryanair fined €256m over ‘abusive strategy’ to limit ticket sales by online travel agencies

Italy’s competition authority says Irish airline implemented technical obstacles to force sales through its own website

Four-day week may be considered a sign of failure, England councils told

Local government secretary writes to town halls warning them against ‘part-time work for full-time pay’

Tesla’s EU sales slump continues as Chinese rivals thrive

Elon Musk’s brand sold 12,130 new cars across the EU last month, down from 18,430 in November 2024

‘We’ve seen it decimate areas’: Somerset town’s traders oppose parking charges

Traders on Clevedon’s Hill Road say they fear the proposals could hasten the decline of independent retail as councils across Britain look to raise income by forcing shoppers to pay to park

The second China shock is coming – and the UK’s response is too timid

Beijing’s push to dominate technology through state-backed industrial policy is reshaping global trade and could devastate European industry

Post Office and Fujitsu had deal 19 years ago to fix Horizon errors, paper shows

Document casts doubt on postal service claims it was unaware of bugs that could cause accounting shortfalls

The Guardian view on sending letters: the writing’s on the wall

Editorial: The Danish postal service has announced it will cease deliveries from 30 December after 400 years. Eventually, other countries may go down a similar route

Labour calls to rejoin EU customs union will become harder for Starmer to resist

Wes Streeting’s wish for deeper trade relations to help fight against Farage is shared by growing number of MPs

Rachel Reeves sets early March date for spring statement as OBR prepares forecast

Treasury announces 3 March date to prioritise ‘stability and certainty’ after criticism of buildup to November budget

Larry Ellison gives personal guarantee for Paramount takeover of Warner Bros Discovery

WBD had urged shareholders to reject $108.4bn hostile takeover bid from Paramount, which is controlled by the Ellisons, following $82.7bn Netflix deal

UK drivers being overcharged as fuel prices fail to track oil market, watchdog finds

CMA rejects retailers’ claims on operating costs, saying weak competition is not passing on lower wholesale prices

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  • Some of Europe’s highest energy costs expected in Britain this winter
  • Britain’s gas security needs reinforcement. Last-minute deals with Belgium are not a proper fix
  • Jim Chalmers faces a world of hard choices where the solution to one problem makes the other worse
  • Elon Musk reportedly invests $1bn in David Ellison’s Skydance
  • US judge orders Trump to sit for deposition in $10bn lawsuit against BBC
  • ‘No indications’ PHP code flaw has led to government systems being hacked, cyber security official says – as it happened
  • Meta strikes deal with Mark Zuckerberg to help him foot billionaire tax bill
  • Barclays to cut 5,000 jobs as bank’s bosses hail AI productivity advances
  • Barclays cuts 5,000 jobs as profits jump ahead of looming bank tax; French bond yields hit fresh 24-year high – as it happened
  • Tax online sales more heavily to save high streets, Burnham urged
  • Economy set to worsen, with higher unemployment and weaker growth on the way, Jim Chalmers reveals
  • Oil prices jump to five-month high as attacks threaten global supply
  • Too little, too late: Trump takes on gas prices as fuel costs hamper his midterm hopes
  • Sainsbury’s expects challenging run-up to Christmas as households feel squeeze
  • French borrowing costs overtake US amid budget turmoil
  • You be the chancellor: play our budget game to see if you can balance the books
  • Waitrose opens first new supermarket in eight years in north London
  • Tesla beats earnings projections after Musk floats SpaceX merger plan
  • Energy secretary leaning towards rejecting Rosebank oilfield
  • Jackdaw approval is a step towards a grownup North Sea policy
  • Booking.com under investigation by EU regulators over fake listings and scams
  • Total UK government debt hits £3tn for first time while inflation jumps to highest in nearly a year – as it happened
  • Cost-of-living crisis? You wouldn’t know it by looking at these companies’ profits
  • Double blow to Healey as inflation rises to 3.5% and monthly deficit hits £24bn
  • French borrowing costs hit 24-year high as civil unrest and budget fears spook markets
  • Bereaved civil service families could face ‘unjust’ tax bills due to pension scheme delays
  • Stratford International on track to get cross-Channel trains in budget boost
  • UK approves Jackdaw gasfield in North Sea
  • UK government borrowing rises to £24.5bn as John Healey prepares for budget
  • How might Andy Burnham tackle Thames Water debacle?

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