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Brent crude rises over $85 a barrel after US carries out third night of strikes against IranGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.Oil prices rose more than 2% after the conflict in the Middle East worsened, with the US carrying out a third consecutive night of strikes against Iran. Two tankers came under fire in the strait of Hormuz.Stasis has taken over markets as investors wait for the latest twist in the Iran confl

Government had been forced to pay back duties to companies that imported goods into the US that were hit by Trump’s tariffsThe US government has already paid back tens of billions of dollars in tariffs it collected before the supreme court ruled them illegal, according to budget figures released on Monday.Tariffs – taxes on imported goods – have been a key part of president Donald Trump’s game economic plan since he took office again last year. Continue reading...

Robust action is needed to protect European industries from unfair competition. The alternative is social strife amid growing insecurityAccording to a recent analysis, China enjoys a surplus in its manufactured goods trade with the European Union that is roughly equivalent to Italy’s national income. That trade disparity, it is estimated, continues to grow by about 30% each year. The stark implication, according to a paper from Centre for European Reform, is that Europe, with Germany i

Culture, media and sport committee questions bear a striking similarity to those racing industry has been askingLast Tuesday’s announcement by the Gambling Commission that it planned to introduce “Financial Risk Assessments” – or affordability checks – for gambling customers seemed to mark the end of racing’s fierce, five-and-a-half year campaign against the policy, but there has been a further twist to the extended tale after it emerged that the culture, media and sport committee (CMS

I’ve been asked to put away the dog bed – and even my shower gel. Surely prospective buyers should know that I’ll take all my mess with me when I leaveTrying to sell a house is pretty much a once-a-decade event for me, so I shouldn’t be surprised that times have changed. When I sold my first flat in 2006, the norm was actively anti-tidy. Obviously you’d spirit away food waste and animal detritus, maybe you’d put a lid on your laundry basket, but the market was overheated; everything wa

Exclusive: Three men killed in incidents over past year allegedly involving G4S guards, who replaced in-house team after previous deathsBereaved families and politicians have raised alarm about continued killings on Del Monte’s pineapple farm in Kenya despite the company hiring G4S to replace its in-house security team after previous deaths were exposed by the Guardian.Del Monte appointed G4S to guard the farm, which is estimated to cover at least 40 sq km, the area of a small city, af

Roaming charges also scrapped and trading terms continue for medicines, cars, art, jewellery and other goodsBritish nationals can expect shorter passport queues at Swiss airports and border crossings after a £5.2bn trade deal was sealed by Keir Starmer, likely his last big international agreement as prime minister.As part of the deal they will be able to use e-gates from later this year, starting with exit checks at Zurich airport and with Basel and Geneva, a leading airport for busine

Record numbers find there is little demand for their skills, as entry-level tech roles are hit by AI and automationThis time of year is graduation season in China: traditionally a bittersweet period of solemn goodbyes and family celebrations as university students transition from campus life into adulthood. Now it also increasingly represents trepidation about the future.Each year, millions more graduates are thrust into China’s already saturated jobs market. The situation for this yea

Premium cherry-on-the-vine are poised to take top spot in Britain’s £1bn-a-year tomato marketFor a long time the classic round, red tomato has dominated British salads and sandwiches, but its supremacy is coming under threat as sales of rainbow colours and the upmarket rival “cherry on the vine” take off.“Non-red tomatoes” sales are up 21% this year, a growth rate that far exceeds the overall market, according to Paul Faulkner, of Evesham Vale Growers. Continue reading...

Former owner and chairman of Chelsea FC who bought the club for a pound and helped restore it to the top rank of English footballFor more than 20 years, Ken Bates, who has died aged 94, was synonymous with Chelsea Football Club, which he bought in 1982 from the Mears family, who had lost control after rebuilding the west stand.Haemorrhaging money, hugely in debt and about to sink into what was then Division Three, the London club cost him £1. Two feuding, financially hectic decades lat

Larger vehicles crowd our roads and are far more dangerous to pedestrians. Let’s curb them before they do even more damageWe need an Ozempic for cars. They are growing at a phenomenal rate, wreaking havoc on the roads, squeezing out smaller vehicles in car parks and endangering pedestrians.Like ever-hungry teenagers, cars in Europe are growing, on average, a centimetre wider every two years, according to new research reported by the Guardian. And fewer than half of new cars in the UK c

These financiers want to remodel the UK into a form that suits them – one that could threaten to erode the barriers between crime and businessThis coming Tuesday, the government’s representation of the people bill comes back to the House of Commons for its third reading. It bundles up a multitude of measures, including an extension of the franchise to 16- and 17-year-olds and welcome changes to voter registration. But thanks to the continuing furore around Nigel Farage and his extremel