Guardian Business

Let’s be clear: the risk to humanity is unprecedented. Without an urgent public debate and robust use of international law, we will lose control of the future In my two years as attorney general, I spent more time working on national security than any other issue. The range and gravity of the threats posed to our nation are multifold, from terrorism, armed conflicts and nuclear proliferation, to the impacts of financial insecurity and the climate crisis. All profound challenges, yet ones our sup

Donald Trump’s deal to buy Russian diesel has been met with fury from Volodymyr Zelenskyy, who said it was ‘a weak decision’ and would generate ‘billions’ in extra revenue for Putin’s war effort. The Ukrainian president has also rejected US calls for an ‘energy ceasefire’, which would require Kyiv to stop striking oil refineries, saying Moscow must first end its attacks on energy infrastructure. Lucy Hough speaks to the Guardian’s senior international correspondent, Luke Harding – watch on YouTu

Boaz Weinstein’s hedge fund is waging an aggressive campaign against the FTSE 250’s Baillie Gifford US Growth Trust Business live – latest updates Here we go again: another episode in the Saba saga, the story of a New York hedge fund causing havoc in the UK investment trust sector by taking big stakes in funds and then demanding change, often in only vague terms. The best that can be said about Saba Capital (and it’s not much) is that its belligerent boss, Boaz Weinstein, has disturbed the compl

Rolling coverage of the latest economic and financial news The biggest prize in economics, the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, will be awarded today. Known as the Nobel Prize in Economics (although it’s not one of the original Nobels), the winner(s) will be announced at the Royal Swedish Academy of Sciences in Stockholm from 10.45am UK time. “Businesses head into this Budget with one clear message: no surprises. Cost pressures continue to squeeze margins,

The latest attack by Houthi rebels on Saudi Arabia may prove to be more calamitous for the region than the world imagines On Saturday, Houthi rebels launched a shocking and deadly attack on Saudi Arabia’s capital city, Riyadh. At the time of writing, the missile strike on King Khalid international airport has killed at least 13 people and left 300 injured, marking a significant turn in a regional conflagration that is only getting more intense. It was the single most deadly attack on any Gulf co

New post-Brexit rules mean that dual nationals cannot enter the UK unless they have a British passport My teenage daughter is unable to see her grandparents because of the UK’s new requirement for dual nationals to hold a UK passport. I’m a UK citizen, married to a French national, and we live in France. Our two older children have both French and UK passports. Our third child was born while we were living in Zimbabwe and only has a French passport. Continue reading...

Accountancy firm Deloitte Cyprus among those that appear to have backdated records outlining the Russian billionaire’s assets Aides of Roman Abramovich – including staff at the global accountancy firm Deloitte – falsified paperwork mapping the oligarch’s sprawling offshore business empire, records suggest, helping his businesses dodge tax and disguise assets. New analysis of leaked corporate records uncovers what appears to have been a long-running and carefully orchestrated strategy of backdati

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In the Atacama desert, the extraction of lithium – so crucial to addressing the climate crisis – comes with escalating social and environmental costs A high-altitude desert plateau traverses Argentina, Bolivia and Chile. I am on the Chilean side, sitting in a Jeep along with two other researchers. The afternoon air is thin and brisk but the sun is piercing – a combination I am familiar with from years of living and travelling in South America’s Andean range. The landscape is a study in contrasts

‘Even if AI supercharged the economy, its impact on the government’s finances would be muted’ Back through political history to the age of Ronald Reagan, Republicans have repeatedly promised the US public that tax cuts would pay for themselves, firing up economic growth and filling the government’s coffers. The promise never really panned out. From the Gipper’s day on, the Republicans’ tax cuts inevitably increased the budget deficit. Despite its failure, though, the promise is back, coated in a

Food producers are adding their voices to the chorus of warnings about the vulnerability of British supply chains “There are so many decent, capable, productive, efficient arable farmers out there, asking how they are supposed to finance the crop they are meant to be putting in the ground,” Jamie Burrows says. Sitting in his tractor at his arable farm in Norfolk, Burrows is listing the multiple challenges facing him and other food producers. Continue reading...

Just as Brown and Blair did in 2005, Andy Burnham aims to champion debt relief to help developing countries Developing nations face triple shock, UN warns From Washington to Paris, London to Tokyo, policymakers in every large economy have been counting the costs of bond market turmoil in recent weeks. But the brunt of the pain is being borne by heavily indebted developing countries that have little hope of influencing the whims of global investors, but pay the price regardless. Markets have resp

Welcome to Halloweenmas, weeks of themed fun and gifts – from costume parties to decorating trees – without the stress, rules or cost of Christmas The tree is up, the wreath is hanging on the front door and you’ve just opened your advent calendar. All told, it’s beginning to feel a lot like … Halloween. If it sounds like the stuff of nightmares then that’s the point: Britons are increasingly decorating their homes with ghoulish versions of Christmas traditions. Think of it as Halloweenmas. Conti

Appointment or renewal reminder appears in victims’ calendar to lure them into logging in to fake Google, Microsoft or PayPal page You’re preparing for the week ahead and take a look at your Google calendar. There’s an entry for a meeting that you must have completely forgotten. The note that pops up when you click on it says you’ll be reviewing a project and includes a link to more details. Confused, you follow it to find out more; the website you land on asks for logon details, and you provide

Tories plan to scrap low-carbon housebuilding, Greens back new nuclear reactors, and Labour put oil-drilling decisions on hold New homes could be built without solar panels, heat pumps and high-grade insulation, leading to higher household bills if the Conservative party wins the next general election. Kemi Badenoch made scrapping the future homes standard (FHS) one of the central planks of her bid to become the next prime minister at the Tory party conference this week. Continue reading...

There’s little prospect of the model changing in a country that welcomes wealthy international owners with open arms Football, the world’s most popular sport, played by laws drawn up in London in 1863. The Premier League is the UK’s greatest soft power export. Premier League clubs are owned by a deputy prime minister of Abu Dhabi, the public investment fund of Saudi Arabia, a billionaire based in Monaco for tax reasons and a disappointing assortment of investors and private equity funds. And wha

Fain was dogged by investigation but still decisively beat challenger Rich Boyer, who received just 13% of vote The president of the United Auto Workers, Shawn Fain, has easily won his re-election bid after an campaign period marred by accusations of corruption and election interference. The union’s election of leadership for a four-year term began with mail-in ballots being sent out in late August 2026, with vote tabulating commencing on 6 October. Continue reading...

Koos Bekker’s Newt estate encompasses luxury hotels, pubs and high street business, with local concerns including flooding When South African billionaire Koos Bekker bought an old country estate in a sleepy corner of Somerset to turn it into a luxury hotel, residents thought it was a sign their area was on the up. Walking through his peaceful manicured gardens, which feature a maze of apple trees twisted into perfect shapes using the espalier method, it’s easy to feel that all is well in this qu

Regulator looks to expand loophole to allow dangerous compounds in food as long as they’re not carcinogenic The US Food and Drug Administration (FDA) is proposing to expand a controversial loophole to allow some of the world’s most toxic chemicals to be added directly to food without a safety review. The “threshold of regulation” (TOR) exemption currently allows dangerous compounds to be used without review in food contact materials, such as packaging or processing equipment, if they are not car

Social media ‘chefluencers’ and open restaurant kitchens have made chefs more visible and inspired aspirational gadget-buying The Duchess of Sussex is no ordinary home cook, but when Meghan appeared on Instagram this week at a hob presided over by a special pot filler tap, it spoke to a shift in the everyday kitchen – the rise of “cheffy” kit. While the pot filler is now most often found in luxury residential kitchens, it was reportedly invented in the early 20th century as a functional fixture