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Rachel Reeves faces bigger-than-expected hit in 26 November budget from revised OBR forecastBusiness live – latest updatesRachel Reeves will have to account for a bigger-than-expected £20bn hit to the UK public finances in next month’s budget, increasi…
Lukoil is selling its international assets in response to U.S. sanctions.
Lawsuit over Ponzi scheme drags on London-headquartered lender, whose profits plunge by 14%Business live – latest updatesHSBC has warned it could take years to finally settle a lawsuit over the Bernard Madoff Ponzi scheme, as the bank’s profits fell 14…
After months of delays to “purge out the propaganda”, Elon Musk on Monday announced the launch of Grokipedia to rival online encyclopedia Wikipedia, which he has accused of ideological bias. The content of Grokipedia is generated by artificial intelli…
Consultation over future pathway with employees as smelter struggles with high power pricesFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastRio Tinto says it is contemplating ceasing opera…
Even if Argentine President Javier Milei’s La Libertad Avanza party is still short of a majority in parliament after midterm elections, the self-described “anarcho-capitalist” now has more room to push ahead with radical economic reforms. Since coming…
This blog is now closedFirst person arrives on Nauru triggering Australia’s $2.5bn deal with island nationAnalysis: Sussan Ley goes after Anthony Albanese’s Joy Division T-shirt as the Coalition tears itself apart, againGet our breaking news email, fre…
Tom Hayes claims he was ‘hand-picked scapegoat’ for the Swiss bank as it tried to avoid regulatory scrutinyTom Hayes, the first banker jailed over Libor interest rate rigging, is suing his former employer UBS for $400m (£300m), claiming he was a “hand-…
Starmer’s announcement on visit to Ankara comes as jailed opposition leader Ekrem İmamoğlu faces fresh chargesBritain has agreed to sell 20 Typhoon fighter jets to Turkey in an £8bn deal despite concerns about alleged human rights violations by its gov…
One energy industry source says they expected an annual budget as high as £2bn to meet UK’s green energy targetsThe energy secretary, Ed Miliband, has set aside £1.1bn a year for offshore wind power developers investing in new projects in a funding rou…