Business

Trade war: UK among economies included in fresh investigation

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 […]

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Investigate miscarriage of justice and quash Post Office Capture convictions, MPs say

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

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Warner Bros looks set for Oscars success – but takeover plans have created uncertainty in Hollywood

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

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Why Trump’s war with Iran will help fund Russia’s assault on Ukraine

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

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US Navy to escort oil tankers through Strait of Hormuz, treasury secretary tells Sky News

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

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British fragrance entrepreneur Jo Malone facing legal action over use of her own name

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

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Economy grows by 0.2% but outlook clouded by war-linked inflation threat

The UK economy grew by 0.2% in the three months to January, 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 and services during January, though wet

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Oil rebounds above $100 as market counts cost of attacks on energy

Iran’s targeting of Middle East energy has driven oil prices back above the $100 a barrel level, with market experts expressing increased alarm over the prospects for long-term damage to the industry. Brent crude costs briefly hit $101 overnight after it emerged that key infrastructure in Gulf nations had been damaged or destroyed – both

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John Lewis Partnership hands out first annual bonus in four years

The John Lewis Partnership (JLP) has announced its first annual bonus since 2022 following further progress in its post pandemic turnaround . The employee-owned retailer, which encompasses not only the department store chain but also Waitrose supermarkets, revealed that its staff, known as partners, would receive an award worth 2% of salary for its last

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MPs launch investigation into student loans system

A committee of MPs is launching an inquiry into the student loan system and whether it’s fair for graduates The investigation will put further pressure on the government to relieve the burden on young people. Politics Hub: Follow the latest The Treasury Committee, a cross-party group, said it’s responding to people who are “intensely dissatisfied

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