Business

Donald Trump has raised hopes several times that the US-Israel military strikes on Iran may soon be over. But as we enter the third week of the conflict and its effects rage across the wider energy-rich Middle East, financial markets are reflecting nerves over the growing impact on the global economy. Brent crude oil prices…

If you’ve ever spent your morning commute daydreaming about starting afresh with your career, this feature is for you. Each Monday, the Money blog speaks to someone from a different profession to discover what it’s really like. Today we speak to Kieron Fosher, window cleaner and owner of KF Specialist Exterior Cleaning in Kent… To…

Businesses will be given a £3,000 government bonus for hiring a young person who has been out of work for six months. Work and Pensions Secretary Pat McFadden said the government wants to “back Britain’s young people” after youth unemployment hit its highest levels for 11 years. Politics latest: Starmer to offer ‘targeted’ energy support…

The UK economy grew by 0.2% in the three months to January but with zero growth that month, according to official figures, as the prospects ahead are clouded by uncertainty due to the effects of the Middle East war. Early estimates from the Office for National Statistics (ONS) pointed to better performances from industrial production…

The US treasury secretary has told Sky News that the US Navy will be escorting oil tankers through the Strait of Hormuz. Iran’s new supreme leader Mojtaba Khamenei said on Thursday he plans to use the effective closure of the strategic waterway, through which 20% of the world’s oil supplies passes, as leverage against the…

In a war increasingly determined by the flow and price of oil, one country is already emerging as a winner – and it’s not even a combatant. As US-Israeli strikes on Iran have sent the oil price soaring and raised questions about the American appetite for a prolonged price shock, Russia is already reaping the…

The government has been called on by an influential committee of MPs to quash convictions obtained with data from the Post Office’s Capture software, the predecessor to the faulty Horizon IT programme. As well as creating “urgent” legislation to have these earlier convictions quashed, a new report from the Business and Trade Committee (BTC) also…

The UK has been included in a fresh US trade investigation that could result in new tariff pressure being applied to dozens of countries. The US Trade Representative’s (USTR’s) office said ‌it had begun an unfair trade practice inquiry comprising 60 economies, also comprising the European Union and America’s Iran war partner Israel, over what…

One Battle After Another and Sinners are two films set for big wins at the Oscars this weekend – but with the studio behind them potentially facing a huge takeover, industry experts say this is a time of great uncertainty in Hollywood. Warner Brothers has 30 Oscar nominations in total, more than any of its…

British fragrance entrepreneur Jo Malone is facing legal action over the use of her own name by cosmetics giant Estee Lauder Companies. Ms Malone set up her self-named Jo Malone perfume brand before selling it to the firm in 1999, in 2011 she launched a new fragrance label called Jo Loves. High Court records show…