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Why big oil giants may not rush to buy into Donald Trump’s Venezuelan vision

Why big oil giants may not rush to buy into Donald Trump’s Venezuelan vision

It may well be safer, easier and cheaper for US companies to procure whatever oil the US economy needs at homeThere are a few reasons that Donald Trump – now self-anointed acting President of Venezuela, as well as the United States – might be so excited about appropriating Venezuela’s oil.Trump may

Growth figures give boost to Reeves – but it’s too early to get carried away

Growth figures give boost to Reeves – but it’s too early to get carried away

While better-than-expected data for November offers hope for UK economy, clouds remain on the horizon• UK economy grew by better-than-expected despite budget uncertainty• Business live – latest updates• UK politics live – latest updatesAt the end of last year, Rachel Reeves was under fire for the im

Growth figures give boost to Reeves – but she shouldn’t get carried away

Growth figures give boost to Reeves – but she shouldn’t get carried away

While better than expected data for November offers hope for UK economy, clouds remain on the horizonAt the end of last year, Rachel Reeves was under fire for the impact of budget speculation on Britain’s economy. All of the noise about fiscal holes, tax increases and spending cuts before her late N

UK economy grew by better-than-expected 0.3% in November despite budget uncertainty

UK economy grew by better-than-expected 0.3% in November despite budget uncertainty

ONS says GDP expanded in news that is unlikely to deter Bank of England from making more interest rate cutsBusiness live – latest updatesThe UK economy grew by a stronger than expected 0.3% in November despite uncertainty around the chancellor Rachel Reeves’s budget, official figures show.Figures fr

UK economy grew by 0.3% in November, beating forecasts

UK economy grew by 0.3% in November, beating forecasts

The economy was boosted by a rebound in car production and from the services sector.

UK economy grew by 0.3% in November despite uncertainty over Reeves’s budget

UK economy grew by 0.3% in November despite uncertainty over Reeves’s budget

ONS says GDP expanded in news that is unlikely to deter Bank of England from making more interest rate cutsBusiness live – latest updatesThe UK economy grew by 0.3% in November despite uncertainty around Rachel Reeves’s budget, official figures show.Figures from the Office for National Statistics on

Labubu toy manufacturer exploited workers, labour group claims

Labubu toy manufacturer exploited workers, labour group claims

Investigators allege that a factory making Pop Mart products neglected staff safety and welfare.

Amazon to close Milton Keynes fulfilment centre, affecting 590 workers

Amazon to close Milton Keynes fulfilment centre, affecting 590 workers

The site was the UK’s first Amazon warehouse and staff will be offered a transfer to a new Northampton siteAmazon is planning to close one of its UK fulfilment centres, offering workers the chance to transfer to another site.The company announced a consultation on a proposal to close the site in Mil

South East Water could lose operating licence after outages in Kent and Sussex

South East Water could lose operating licence after outages in Kent and Sussex

Fine of 10% of annual turnover among other potential penalties as environment secretary calls for Ofwat reviewSouth East Water could lose its operating licence after residents across Kent and Sussex faced up to a week without water.The environment secretary, Emma Reynolds, has called for the regulat

Reeves doesn't rule out wider business rates support across hospitality

Reeves doesn't rule out wider business rates support across hospitality

Chancellor says support for pubs is on its way and leaves the door open for further tweaks to business rates changes

Six arrested over suspected £300m fraud at UK social housing fund

Six arrested over suspected £300m fraud at UK social housing fund

Serious Fraud Office mounts seven raids on sites linked to Home Reit which raised £850m to tackle homelessnessBusiness live – latest updatesThe Serious Fraud Office has arrested six people and raided seven sites in connection with a bribery and fraud investigation into a social housing fund.The agen

TGI Fridays closes 16 UK stores, with 456 job losses

TGI Fridays closes 16 UK stores, with 456 job losses

The UK restaurant chain's remaining 33 restaurants will stay open after a rescue deal was reached.

Offshore windfarm contracts to fuel 12m homes in Great Britain after record auction

Offshore windfarm contracts to fuel 12m homes in Great Britain after record auction

Subsidies awarded to eight new projects after ministers increased funding available to developersWill Great Britain’s offshore wind subsidy auction mean lower energy bills?Ed Miliband: With this record wind power auction, we’ve proved the rightwing doubters wrongA make-or-break auction for the UK go

BP to take hit of up to $5bn on green energy as it refocuses on fossil fuels

BP to take hit of up to $5bn on green energy as it refocuses on fossil fuels

Energy company also under pressure from worse oil trading performance and weaker oil pricesBusiness live – latest updatesBP has said it expects to write down the value of its struggling green energy business by as much as $5bn (£3.7bn), as it refocuses on fossil fuels under its new chair Albert Mani

US supreme court could issue ruling on legal challenge to Trump’s tariffs today – live

US supreme court could issue ruling on legal challenge to Trump’s tariffs today – live

A supreme court ruling is expected later today, though it is unclear what it will beWith the China economy numbers prominent on many US news sites, Trump this morning has re-tweeted- or “re-Truthed” as his platform calls it -one of his posts last week broadcasting US trade numbers and GDP prediction

McKinsey asks graduates to use AI chatbot in recruitment process

McKinsey asks graduates to use AI chatbot in recruitment process

Blue-chip consultancy’s boss says firm has an AI ‘workforce’ of 20,000 agents operating alongside its 40,000 staffBusiness live – latest updatesMcKinsey is asking graduate applicants to “collaborate” with an artificial intelligence tool as part of its recruitment process, as competence with the tech

Trump hits back at JP Morgan CEO’s defence of Federal Reserve

Trump hits back at JP Morgan CEO’s defence of Federal Reserve

US president says Jamie Dimon was wrong to suggest he was undermining independence of central bankBusiness live – latest updatesDonald Trump has hit out at the JP Morgan boss Jamie Dimon, saying the Wall Street executive was wrong to suggest he was undermining the independence of the Federal Reserve

Rail upgrade in north of England 'will actually happen', says chancellor

Rail upgrade in north of England 'will actually happen', says chancellor

The scheme will be delivered in phases, starting with upgrades to lines between Leeds, York, Bradford and Sheffield.

Netflix ‘plans to switch to all-cash offer to seal $83bn Warner Bros deal’

Netflix ‘plans to switch to all-cash offer to seal $83bn Warner Bros deal’

Aim is to speed up acquisition of WBD studio and streaming businesses and hold off rival Paramount bidNetflix is reportedly preparing to switch to an all-cash offer to seal its takeover offer for the studios and streaming businesses of Warner Bros Discovery (WBD), as it tries to speed up the deal an

UK secures record supply of offshore wind projects

UK secures record supply of offshore wind projects

The government needs to significantly boost its capacity of offshore wind projects if it is to meet its clean power targets.

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