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US treasury secretary warns oil and gas companies to lower prices: ‘we’re watching’
Scott Bessent says he ‘encourages them to be good actors’ after Trump ranted about prices not dropping fast enoughScott Bessent, the US treasury secretary, issued a veiled warning to oil and gas companies to lower their prices on Tuesday, a day after Donald Trump berated those re
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Shetland councillors back plans to build tunnels to link some of largest islands
Financing options to be investigated for first two subsea projects that would link Mainland with Yell and Unst Councillors on Shetland have backed plans to build up to four tunnels to link some of the largest and most populated islands, after years of isolation and decline.The co
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Britain has finally grasped the nettle on defence, but tough choices lie ahead
The new PM must balance the security budget and other urgent spending priorities, with little room for manoeuvreBurnham left with £4.7bn bill for Starmer’s new defence investment planKeir Starmer’s defence investment plan leaves behind spending problems that his successor will no
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Northern Rail Project risks repeating costly HS2 failures, MPs warn
The £45bn scheme to link cities across north of England with new or upgraded lines has no convincing or properly costed plan, committee saysBuilding Northern Powerhouse Rail (NPR) risks repeating the failures of HS2 with “no convincing plan” to deliver it within a £45bn budget, a
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Energy price cap rise ‘will push millions in Great Britain into fuel poverty’
Typical bill will surge by £220 a year from Wednesday, forcing 13.5m homes to spend over 10% of income on fuelMillions of households in Great Britain will be pushed into fuel poverty after months of volatility on the global gas markets as energy bills rise by more than £220 a yea
Anthropic: US has lifted export controls on Fable and Mythos AI models after security risk
Anthropic: US has lifted export controls on Fable and Mythos AI models after security risk
The AI company was forced earlier this month to suspend access to its Fable 5 and Mythos 5 models for all foreign nationalsAnthropic has restored customer access to its powerful newest AI model, Fable, after a more than two-week blackout resulting from US government safety concer
Call to suspend new EU border system in peak holiday period as planes leave half full
Call to suspend new EU border system in peak holiday period as planes leave half full
Airlines and airports say passengers are struggling in queues of up to five hours for biometric checksAirlines and airports have called for the new EU biometric border check system to be suspended during the peak summer holiday period,saying some flights are leaving half full and
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Rapid spread of AI may worsen global inequality, UN warns
Panel proses shared framework for responsible AI development as adoption grows unevenly across worldA new United Nations report warns that the development of artificial intelligence may exacerbate global inequality and proposes a shared framework for how to responsibly develop AI
US cooking oil market shrinking due to Ice pressures on Latino households, Mazola owner sa
Economic squeeze and anti-immigration raids have hit Hispanic communities, prompting people to shop online and reuse oilBusiness live – latest updatesThe US cooking oil market is shrinking and unlikely to improve soon because of economic and immigration enforcement pressures on L
Up to 150 former WH Smith stores to close as high court approves restructure
Up to 150 former WH Smith stores to close as high court approves restructure
Restructuring plan involves writing off debts to suppliers and cutting rent for many landlordsBusiness live – latest updatesUp to 150 former WH Smith high street stores are to close after the high court approved a swingeing restructure that could affect thousands of jobs.The reta
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Halifax to disappear from UK high street as Lloyds axes bank brand after 173 years
Group confirms it will stop opening new accounts under the name and move existing ones to LloydsLloyds Banking Group has announced it is axing the Halifax brand, scrubbing the 173-year-old former building society’s name from UK high streets.The group will stop opening new account
Crypto and stock stakes: key takeaways from Trump’s financial disclosures
US president raked in more than $1bn from crypto – an industry he has sought to deregulate – and a total of $2.2bn last year, files revealAlarm bells over conflict of interest as filing shows Trump raked in $2bn in 2025Donald Trump’s money-making ventures enriched him by more tha