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Economic historian and politician who was a leading authority on the life and work of John Maynard KeynesIn the summer of 2008, Robert Skidelsky, who has died aged 86, thought he was done with John Maynard Keynes. Having devoted two decades to writing his biography of the foremost British economist of the 20th century, he was turning his attention to other interests.For Skidelsky, completing the three volumes had been a labour of love. He had moved into Keynes's Sussex home so that he would pick up the right vibes, configuring the study so that it looked as it had in the 1930s. He wrote at the same desk that Keynes had used. Continue reading......

Benjamin Netanyahu has brushed aside European concerns over Gaza, the West Bank and Lebanon. A tougher approach from Brussels is overdueIn recent months, European expressions of concern over the actions of Benjamin Netanyahu's government have regularly hardened into outright condemnation. Last September, the European Commission president, Ursula von der Leyen, expressed horror and outrage at aid restrictions that she said created a “man-made famine” in Gaza. Brussels has inveighed against settler violence and land grabs in the West Bank, which undermine the possibility of a viable Palestinian state. Responding to the bombing of Lebanon following the US-Israeli ceasefire with Iran, the EU's foreign policy chief, Kaja Kallas, said: “Israel's right to self-defence does not justify this destruction.”The angry words and exhortations have achieved nothing. Mr Netanyahu and his ministers have generally treated European critics with barely concealed contempt, presumably reassured by the fact that their...

FTSE 100 slides and UK gas prices up amid fears strait of Hormuz will be closed for extended periodMiddle East crisis – live updatesBusiness live – latest updatesOil prices have risen sharply and European stock markets have fallen after the US seizure of an Iranian vessel dented hopes for a peace deal.Brent crude, the international benchmark for oil prices, rose by 4.8% on Monday to $94.69 (£70.07) a barrel. Continue reading......

Bets placed on Middle East conflict has led to US firm experiencing big increase in volumePolymarket, the online prediction platform that hosts bets on events such as the Iran war, is in talks to raise $400m (£296m) at a valuation of up to $15bn.The company has gained notoriety in recent months over wagers placed on the Middle East conflict, including on the timing of US-Israel strikes against Iran, and on a US-Iran ceasefire, some of which appeared to bear signs of insider trading. Continue reading......

Claims system launches months after supreme court ruled Trump had no legal authority to impose tariffsSign up for the Breaking News US email to get newsletter alerts in your inboxThe Trump administration began on Monday accepting applications from businesses seeking refunds for more than $166bn in tariffs, months after the supreme court ruled that the president had no legal authority to impose them.The administration launched on Monday the digital claims system, named Cape, which they said in court filings could handle about 63% of affected import filings, with the remainder to follow. Continue reading......

Conservationists in Denbighshire 'angry and heartbroken' after Nant-y-Ffrith site emptied during breeding seasonMore than 1,000 toads may have died after a reservoir important to the local ecosystem was drained by a water company, conservationists in north Wales have said.Volunteers at Wrexham Toad Patrols help toads returning to the Nant-y-Ffrith reservoir on the Llandegla moors in breeding season, this year assisting 1,500 of the amphibians to cross busy roads to help protect the declining species. Continue reading......

Only those in unassailable positions of power would ditch capital letters – or reply to colleagues with a thumbs up emojii recently learned that, in february, jack dorsey – formerly of twitter, now of block – wrote a 600-word email announcing a mass layoff (4,000 employees) all in, you guessed it, lowercase.This was the jumping-off point for an investigation into the tech broligarchy's “new language of power” by journalist Zak Jason for Business Insider. Jason conducted his own no-caps experiment, recklessly deploying lowercase in messages to his boss, colleagues, fellow parents and “every outreach to sources for this story – biz etiquette experts, comms gurus, & sam altman”. He agonised less and responded quicker, he concluded, but lost clarity. Continue reading......

RMT has called action in two 24-hour tranches this week over opposition to four-day working patternA strike by London Underground drivers will severely disrupt transport in the capital over the next four days.The RMT union and Transport for London (TfL) said that the strike would go ahead from midday on Tuesday 21 April, with no last-minute talks planned on Monday. Continue reading......

Ex-Mattel boss behind Barbiemania pivots retailer towards more premium fashion after reopening UK storesFrom the 80s through to the early noughties it was the go-to high street store for casual hoodies and jeans, before falling out of favour. Now almost 30 years after its heyday, Gap is hoping to turn things around. Key to its comeback strategy? A pivot to more premium fashion.On Thursday the retailer will unveil a collection with the luxury fashion designer Victoria Beckham. The collaboration is the next step in the luxification of Gap being led by Richard Dickson, who joined Gap Inc as its president and chief executive from Mattel, the US toymaker, in 2023. Continue reading......

Trump administration launches online portal on Monday after supreme court struck down tariff policy earlier this yearSign up for the Breaking News US emailOil prices have risen sharply and European stock markets have fallen after the US seizure of an Iranian vessel dented hopes for a peace deal.Brent crude, the international benchmark for oil prices, rose by 4.8% on Monday to $94.69 a barrel. Continue reading......

Norway leads the way in terms of switching as data shows 224,000 new EVs were registered in MarchBusiness live – latest updatesSales of electric cars soared 51% in continental Europe last month, amid a rise in petrol and diesel costs driven by the Iran war.Data shows that 224,000 new electric vehicles (EVs) were registered in March, and 500,000 across the first three months of the year – a 33.5% increase on a year earlier, according to analysis of national sales data in 15 countries by New AutoMotive and E-Mobility Europe, a trade body. Continue reading......

Owner of X summoned along with former CEO Linda Yaccarino over investigation by cybercrime unit into spread of deepfake contentElon Musk has been summoned to Paris, where investigators are looking into allegations of misconduct related to the social media platform X, including the spread of child sexual abuse material and deepfake content.The world's richest man and Linda Yaccarino – the former chief executive of X – were on Monday summoned for “voluntary interviews”, while other employees of the platform were scheduled to be heard as witnesses throughout this week, the Paris prosecutor's office said. Continue reading......

Reviews website features pages praising unlicensed sites' supposed qualities as if they were legitimate businessesTrustpilot, the reviews website that offers to “find a company you can trust”, is hosting ratings of illegal casinos, raising concerns in Westminster about the potential risks posed to consumers.Unlicensed casino operators linked to financial harm, addiction and even suicide have flooded the UK market in recent years, often targeting people who are trying to limit their gambling by “self-excluding” from licensed operators. Continue reading......

Heavily indebted UK-listed gambling company says it is discussing possible offer from US group at 50p a shareBusiness live – latest updatesEvoke, the London-listed gambling company that owns William Hill and the 888 online casino brand, is in takeover talks with the US casino operator Bally's Intralot.The heavily indebted company said in a statement to the stock market that it is in discussions with Bally's “regarding a possible offer” for the business at 50p a share, almost a third higher than its closing price on Friday and valuing the group at £225m. Continue reading......

Twin reports from top accounting firms underline scale of economic threat as Iran war shatters business confidenceA quarter of a million people could lose their jobs by the middle of next year as Britain “flirts with recession”, analysis suggests, after business confidence was shattered by the US-Israel war on Iran.As the chancellor, Rachel Reeves, summoned bank chiefs for talks aimed at containing the fallout, twin reports from top accounting firms underlined the scale of the economic threat facing the UK. Continue reading......

As fossil fuel prices soar 'the era of clean energy security must come of age', energy secretary will sayEd Miliband will double down on Labour's commitment to net zero in the face of the Middle East conflict this week, insisting that as fossil fuel prices soar “the era of clean energy security must come of age”.The energy secretary is set to announce a package of new policies in a speech on Tuesday in response to an expected energy crisis prompted by Donald Trump's war with Iran. Continue reading......

Retail analysts say breaking up food and fashion group would make sense in challenging business environmentPrimark may break free from Kingsmill, Twinings and the sugar business this week when Associated British Foods announces plans on a mooted demerger.The potential split comes at a tricky time for the group controlled by the billionaire Weston family, with its fashion and food arms facing tough competition and rising costs. Continue reading......

US president's unreliable style sows diplomatic confusion but leaves Tehran clear on strategic value of strait of HormuzDonald Trump's decision to send US officials to Islamabad for further talks on Monday with Iran just 24 hours after Iran once again closed the strait of Hormuz will signal to Tehran that the strategic waterway remains a bargaining asset beyond parallel.It will also confirm in Iran's eyes that the US president's chaotic approach to diplomacy doubles the need for Tehran to act calmly and strategically – two competencies it believes he totally lacks. Continue reading......

Chris Wright says 'I don't know' when asked about lower cost of gas as average price soars to $4 a gallon in USChris Wright, the Trump administration's energy secretary, acknowledged Sunday that it might not be until 2027 before US gas prices come back under $3 a gallon.Asked by Jake Tapper, the CNN State of the Union host, when he thought “it's realistic for Americans to expect the gas will go back to under $3 a gallon”, Wright replied: “I don't know. That could happen later this year. That might not happen until next year.” Continue reading......

Buying habits | Trump's messiah complex | Team Pope Leo XIV | Leaning towers | Mandelson vettingI sympathise with people mourning the demise of once‑loved stores and the pitiful state of their high streets (Wildings in Newport, Wales: the grand department store that became an illicit cannabis farm, 16 April). This is not the fault of the government, but rather a result of changing consumer habits. Perhaps we are all guilty. These shops are not charities, there to adorn the public realm. They are businesses and if people don't shop there they will close. All that any government – national or local – can do is to help a well-designed shrinking of the retail estate by encouraging changes of use.Gillian WilliamsonLondon• The weirdest aspect of Donald Trump's messiah complex cartoon (Trump deletes post with AI image of himself as Jesus-like figure after outcry, 13 April) is that the increasingly deranged, thin-skinned president appears to be trying to cure his long-time, eminently san...