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International Energy Agency recommends emergency measures, including working from home, as Iran war hits fuel supplyLowering speed limits to minimise fuel consumption is among potential contingency plans being drawn up by the UK government as the crisis in the Middle East threatens global oil supplies.Sources stressed that there is no shortage of fuel in the UK, but said that officials in the Department for Transport are working with the Department for Energy Security and Net Zero (DESNZ) on an analysis of how what measures could be taken to curb oil demand. Continue reading......

In-service training is best for the workforce and industry, writes Alan AckroydThe government is taking the wrong approach by teaching vocational qualifications in the classroom (Editorial, 15 March). Vocational training should take place primarily in the workplace and employers should be forced to include relevant training and qualification packages for all staff.I have had two different experiences of this. When I first left school I entered an apprenticeship in my local printing firm. They made me competent in what they did but refused to allow me to take a day-release course (that I had arranged for myself) for fear that it would lead to my leaving the company. I left the industry for tertiary education. Continue reading......

Across south-east Asia, governments are scrambling to find ways to conserve energy and shield the public from soaring costs, as war in the Middle East causes huge disruption in the global oil market. In Thailand, news anchors have been ditching their jackets after orders to reduce air conditioning use, while government workers in the Philippines are operating on a four-day week. Asia relies heavily on imported energy, much of which passes through the strait of Hormuz, and officials have warned further measures could be considered if the energy crisis worsens. Lucy Hough speaks to the Guardian's south-east Asia correspondent, Rebecca Ratcliffe Continue reading......

Move follows the granting of a worldwide asset-freezing order on company's founder, Paresh RajaWhat is the £1.3bn MFS mortgage scandal and what is private credit?The UK's financial regulator has launched an investigation into Market Financial Solutions (MFS), the mortgage lender that collapsed last month amid allegations of fraud.The move follows the granting of a £1.3bn worldwide asset-freezing order on MFS founder Paresh Raja on Wednesday, as creditors successfully gained court orders in London and Dubai barring the tycoon from dissipating assets. Continue reading......

CBS News Radio to shutter after nearly 100 years as editor Bari Weiss tells staff cuts were 'necessary' decisionSign up for the Breaking News US email to get newsletter alerts in your inboxCBS News announced it is laying off dozens of employees on Friday and ending CBS News Radio – its nearly 100-year-old radio service – as part of a strategic restructuring.The news was announced in a memo to staffers from its editor-in-chief, Bari Weiss, and president, Tom Cibrowski. Employees will be informed by the end of the day if their job has been affected, the two executives said in the memo. Continue reading......

Many MPs say they are frustrated with communications strategy that brands both Reform and Greens as extremistsCabinet ministers have been studying a blueprint for Labour to radically overhaul its economic offer and messaging, including devolving tax powers, abolishing national insurance and major property tax reforms.Passed around dozens of MPs, the paper argues that without a major rethink, the failure to tackle the discontent on the cost of living will hand the next election to a hard-right government. There is also increasing concern that the war with Iran – pushing up prices of fuel, energy, food and mortgages – will fuel further mass public anger. Continue reading......

Insurers at Lloyd's of London say cover is available at a price, while merchants view the danger level as too highShipping risk been insured by Lloyd's of London for more than 330 years, but now the centuries-old heart of maritime insurance is getting to grips with the most modern of threats – drones and missiles threatening hundreds of vessels stuck in the Gulf region amid the escalating Middle East conflict.For nearly three weeks, the crucial strait of Hormuz has effectively been closed to the more than 100 gas and oil tankers and container ships that usually pass through each day. Continue reading......

As missiles fall from the sky and energy infrastructure is targeted, the limitations of relying on the US for protection are becoming all too obviousFor more than two weeks, missiles and drones have been crossing the skies of the Gulf, as a war many in the region sought to avoid – between the USand Israel, and Iran – continues to escalate. Airlines are diverting flights, shipping routes are being disrupted and air defence systems across the region are operating at constant alert. Now, with attacks extending to energy infrastructure including gas facilities and production sites, it is likely that the war has entered into a dangerous phase of escalation.Yet the governments now living with these risks were among those that most tried to prevent the conflict, encouraging negotiations in recent months and warning about the dangers of escalation.Sanam Vakil is the director of the Middle East and North Africa programme at Chatham House Continue reading......

Record 171 million passengers are expected to fly this spring, even as TSA funding lapse risks longer airport linesSpring breakers in the US could see their long-awaited trips to party destinations disrupted by a trifecta of issues: airport security delays, high gas prices, and chaotic weather.The potential for flight delays comes as US airlines expect that they will see a record-shattering spring travel season. Airlines for America, an aviation industry group, said that 171 million passengers are expected to fly – a 4% increase from the 2025 spring travel period. Continue reading......

Teenager files application to prevent fake productsLittler defies boos to fight back and defeat Gerwyn PriceLuke Littler has made an application with the Intellectual Property Office to trademark his face. It is understood the application will prevent fake products powered by AI using his picture without permission and breaking copyright laws.The teenager, who has won back-to-back World Darts Championship titles, is highly marketable and his face appears on a wide variety of branded products, from his own dart board to video games and bags of nuts. Littler has already trademarked his “the Nuke” nickname in the US. Continue reading......

Fire service warns ubiquity of batteries in everyday products is outpacing public understanding and safety regulationsLithium-ion batteries represent a new technological hazard that one fire science expert has said keeps him awake at night, as fire service chiefs warn the ubiquity of lithium-ion batteries in everyday products is outpacing public understanding and safety regulations.The blaze that devastated a historic building in Glasgow and resulted in the continuing closure of Central Station, Scotland's largest rail interchange, is believed to have started in a shop selling vapes, which are powered by lithium-ion batteries. The latest data reveals a sharp increase in battery-related fires across Scotland, while firefighters in London attend an e-bike or e-scooter fire every other day. Continue reading......

Closure of strait of Hormuz – a key fertilizer production and transportation route – has squeezed farmers as prices jumpRodney Bushmeyer has been farming as long as he can remember. Bushmeyer's father was a farmer, as was his grandfather.The family-run Bushmeyer Farms in Illinois dates back more than 100 years, when his ancestors came to the US from Germany. They acquired the first 80 acres cost-free as homesteaders, cleared the land, and worked it. Continue reading......

Consultancy's forecast of £1,972 annual dual fuel bill follows conflict pushing UK's gas market past three-year highsBusiness live – latest updatesHousehold energy bills in Great Britain could soar by more than £330 a year to almost £2,000 from this summer after the war in Iran pushed the UK's gas market past three-year highs.A typical combined household gas and electricity bill is now forecast to reach £1,972 a year from July under the UK government's quarterly price cap, according to analysis by Cornwall Insight, an energy consultancy. Continue reading......

Company says tool to compare self-reported hours with computer estimates is for 'awareness, not enforcement' JP Morgan Chase has started to compare the hours junior investment bankers claim to have worked against logs on its IT system.The US bank said it would begin issuing reports to junior bankers that compare computer-generated estimates of their work weeks against their self reported timesheets as part of a pilot scheme. Continue reading......

Group, which also owns Dove and Hellmann's, will focus more on personal care products if deal agreedUnilever, the owner of Marmite, Dove and Hellmann's mayonnaise, is in talks to combine its food business with the US-based spice and seasoning maker McCormick.The Anglo-Dutch food company – which last year spun off its ice-cream division, the home to Ben & Jerry's, Magnum and Wall's – has entered discussions over the future of the “highly attractive” business. Continue reading......

Data comes amid increasing fears that Iran war could send British government's plans off courseBusiness live – latest updatesBritain's public finances showed a higher than expected monthly deficit of £14.3bn last month, official figures showed on Friday, amid growing fears the Iran conflict could blow the government's plans off course.The figures from the Office for National Statistics (ONS) showed public sector net borrowing – the difference between spending and income – had widened £2.2bn year on year in February, and was higher than the £8.5bn City economists had forecast. Continue reading......

Rolling coverage of the latest economic and financial newsBritain's government borrowed more than expected last month, new data shows.The difference between total public sector spending and income widened by £2.2bn year-on-year in February, to £14.3bn.“Borrowing was higher than the same month last year and was the second-highest February figure on record. While receipts were up on last year, that was outweighed by a rise in spending, including the later timing of some debt interest payments.“However, across the first eleven months of this financial year as a whole, borrowing was down, as receipts increased by more than spending.” Continue reading......

Clubs may be able to roll over squad cost ratio allowance£30 price cap on away tickets extended until 2027-28 seasonThe Premier League is poised to amend its new spending rules before they are introduced next season to give clubs greater flexibility in the transfer market.Under squad cost ratio (SCR) rules approved last November, clubs will be restricted to spending 85% of their revenue on player costs, with a levy payable to the Premier League, for distribution among the other clubs, in the event of a breach. A six-point deduction would be imposed if a club's spending reached 115% of revenue. Continue reading......

'There are clear similarities to football,' says NorwegianCompatriot Magnus Carlsen, the world No 1, likely to playErling Haaland has become a significant investor in a new world chess championship tour that is expected to star his fellow Norwegian Magnus Carlsen, the Guardian can reveal.The deal was agreed shortly before Manchester City played at West Ham last Saturday, with Haaland shown on Sky Sports wearing a Norway Chess cap as he entered the London Stadium – without anyone noticing. Continue reading......

London museum defies drop in numbers seen elsewhere, attributed to cost of living and fall in international touristsLondon's Natural History Museum (NHM) was the most popular attraction in the UK during 2025, with its renovated gardens, new climate gallery and lack of entry fee leading to record-breaking numbers of visitors.More than 7.1 million people passed through its doors, a 13% increase in visitors year on year and an all-time record for any UK museum or gallery. Continue reading......