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Three women in their 40s, 50s and 60s interviewed under caution in relation to alleged abuse by late Harrods ownerThree women have been interviewed under caution on suspicion of facilitating one of Britain's worst sexual abuse scandals involving the former Harrods owner Mohamed Al Fayed and his alleged attacks over four decades.Scotland Yard said the number of victims had reached 154 women, feared to have suffered rape and sexual assault by Fayed, or sexual exploitation and human trafficking. Continue reading......

Sales of products made the traditional way dropped 7% in three months to 25 January while nitrite-free sales rose 20%UK supermarkets have been hit by a “bacon backlash” as consumers fear that chemicals used to preserve it increase the risk of cancer.Campaigners against the use of nitrites in meat production claimed the fall in sales showed that a “consumer revolt” against the traditional, nitrite-cured form of bacon was gathering pace. Continue reading......

The European media giant Axel Springer has scuppered the Daily Mail owner. But why did it not bid sooner? And what will Brexit-backing readers think?After three years, a series of failed bids stretching from the US to Abu Dhabi, internal rebellions and even changes in the law, it should be no surprise that the tortured sale of the Telegraph has delivered another spectacular twist with a blockbuster offer from the media giant Axel Springer.It has torpedoed the long-held dreams of the Daily Mail proprietor, Lord Rothermere, to secure the Daily Telegraph and Sunday Telegraph and begin the next chapter of his family's love affair with the British press. Continue reading......

Reports Kuwait was cutting output pushed up cost of barrel of Brent crude to highest weekly gain since pandemic beganThe Iran conflict has driven the oil price past $90 a barrel to its highest weekly gains since the Covid-19 pandemic six years ago, threatening a fresh rise in global inflation.Reports that Kuwait had begun cutting production of oil at some fields after running out of space to store it drove the cost of a barrel of Brent crude to as high as $91.89 at one point on Friday – its highest since April 2024 and up from about $72.50 just before war broke out. Continue reading......

Announcing the InterPositive deal, the actor says he was moved from being scared of the technology to embracing itBen Affleck has sold his artificial intelligence company to Netflix in a surprise deal, saying he had been driven to embrace a technology that had initially “really scared” him.Netflix has acquired the postproduction startup InterPositive from the Oscar-winning actor, director, producer and screenwriter for an undisclosed sum. Continue reading......

The unemployment rate was 4.4% in February, with 130,000 jobs added in JanuaryBusiness live – latest updatesThe US lost 92,000 jobs in February, an unexpected major slackening in the labor market that came just before Donald Trump threw the global economy into upheaval with his conflict in Iran.The unemployment rate edged up to 4.4% in February. In comparison, the US added a revised 126,000 jobs in January, far surpassing expectations of 70,000 jobs but still less than January 2025. Economists predicted an increase of 60,000 jobs added in February and a steady unemployment rate of 4.3%. Continue reading......

Donor who has given £12m to Reform UK had previously wanted Nigel Farage to keep open mind about deal with ConservativesChristopher Harborne, the ultra-wealthy political donor who has given £12m to Reform UK, has told the Guardian he is “no longer” interested in a Reform-Conservative pact before the next general election.A possible collaboration between Reform UK and the Conservative party had been an important aspect of discussions about donations between Harborne and senior figures including Nigel Farage, sources familiar with the conversations said. Continue reading......

Richard Eaton, who said this week that importers must be paid back, reportedly meeting customs agency lawyersA US judge will reportedly meet government lawyers to agree how to refund up to $175bn in tariffs that were collected illegally from more than 300,000 importers.Judge Richard Eaton of the US court of international trade would hear from lawyers for the customs agency responsible for the repayments on Friday, Reuters reported. The supreme court decided last month that a 1977 law designed to address national emergencies did not provide the legal justification for most of the Trump administration's global tariffs. Continue reading......

'The first thing is: Where are we? And how much fuel have we got and where do we need to go?', Australian veteran pilot saysKeith Tonkin has flown a Boeing 747 towards airspace where missiles were being fired, and knows the pressure pilots have been under this week.“You're stuck in that airplane until you land safely,” the veteran Australian pilot says. Continue reading......

Company says first-class deliveries will rise to £1.80 and second-class stamps will increase to 91p from 7 AprilBusiness live – latest updatesRoyal Mail has been criticised for announcing another hike in the cost of first- and second-class stamps while providing what Citizens Advice described as a “failing service”.From 7 April, the price of a first-class stamp will increase by 10p, or 6%, to £1.80. The cost of the second-class service is going up by 4p, or 5%, to 91p. Royal Mail blamed the need for price increases on the “continued rise in the cost of delivery for every letter”. Continue reading......

'We want to keep investing in the team'United fan group 'disappointed' with decisionManchester United insist a 5% increase in ticket prices around Old Trafford next season will help in their quest to “return to the top of domestic and European football”. United are third in the Premier League under their interim head coach Michael Carrick and are well placed to return to the Champions League after a rare season without European football.The club want to kick on and mark their 150th anniversary in 2028 with a first league title since 2013 and say increased ticket prices in the 2026-27 campaign will help them invest in football and facilities. Continue reading......

After years of court action and complaints, trademark office in Spain rules name is counter to 'public order and morality'A Spanish restaurant chain called The Mafia Sits at the Table may soon have to change its name after the country's patent and trademark office heeded objections from the Italian government and ruled that the brand's nomenclature ran counter to “both public order and morality”.Italy has pursued its claim against the chain – known in Spanish as La Mafia se sienta a la mesa – through various courts and official bodies over the past few years, alleging that the name trivialises both organised crime and efforts to fight it. Continue reading......

Meg O'Neill will be first woman to serve as CEO of 117-year-oil firm when joining from Woodside Energy in AprilThe incoming chief executive of BP will take home at least £11.7m this year after joining the embattled oil company from a rival, more than double the pay packet earned by her predecessor.Meg O'Neill will join BP from the Australian oil company Woodside Energy in April as the company's first external hire to its top job, and the first woman to serve as chief executive at the 117-year-old oil major. Continue reading......

German owner of Bild and Die Welt is understood to have agreed all-cash deal for one of UK's oldest newspapersBusiness live – latest updatesAxel Springer, the owner of Politico and Business Insider, is to acquire the Telegraph after tabling a £575m deal that has scuppered a rival deal from the owner of the Daily Mail.Springer, which also owns Europe's biggest newspaper, Bild, and the daily Die Welt, is understood to have agreed an all-cash deal for the Daily and Sunday Telegraph. Continue reading......

Engineering work means there will be no mainline services between London Euston and Milton Keynes from 3-8 AprilRail passengers planning to travel over the Easter break face disrupted journeys owing to a six-day shutdown on Britain's biggest intercity line.Engineering work means that there will be no mainline services on the west coast mainline between London Euston and Milton Keynes from Good Friday (3 April) to Wednesday 8 April. Continue reading......

Cheap semaglutide, the drug in Ozempic and Wegovy, could help millions with diabetes and obesity in 160 countriesWeight-loss jabs such as Wegovy and Ozempic could be made for just $3 a month, according to new analysis, potentially making the treatment available to millions in poorer countries as patents expire.More than a billion people live with obesity worldwide, with rates rising fast in lower-income nations as they shift to westernised diets and more sedentary lifestyles. Continue reading......

UK house price growth slowed in February as value of typical home rose 0.3% to £301,151Business live – latest updatesHalifax has warned that the US-Israel war on Iran could slow mortgage rate decreases this year, as it said that house price growth eased dramatically in February.Halifax, which is part of Lloyds – Britain's biggest mortgage lender – said the conflict in the Middle East is likely to affect global economies, stoke inflation and reduce the likely rate of interest rate cuts that influence borrowing costs for homebuyers. Continue reading......

The city was portrayed as an aspirational place to live, but now those who moved there are realising the precarity that comes with being an economic migrantTo be fooled by a mirage, you needn't be lost in the desert. Sometimes, the illusion is strongest just when you thought you were safely home, posting from the pool about your teenage daughter's spa party and your own glittering life in a city where “the possibilities are endless”, as they tend to be for billionaires' daughters living in tax havens. Only then does the fantasy explode in a puff of intercepted missile smoke, leaving just another woman in her pyjamas telling Instagram (as Petra Ecclestone did at the weekend) that she moved to Dubai “to feel safe” and war was never mentioned in the small print.Who could have guessed that living a few hundred miles as the drone flies from Tehran might have risks? Certainly not the anonymous hedge funder who fumed to the Financial Times that “the trade was not that you were getting exposed to geo...

Rolling coverage of the latest economic and financial newsIran war live updates: US temporarily lets India buy Russian oil amid energy fears; Israeli military launches strikes on BeirutGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.The oil price is on track for its biggest monthly gain in four years, fuelling fears of an inflation spike that will reignite the cost of living crisis and hurt growth around the globe.7am GMT: Halifax house price index for February1.30pm GMT: US non farm payrolls employment data for February1.30pm GMT: US retail sales report for January Continue reading......

In this week's newsletter: From nature projects to biodiversity funds, key programmes will suffer as the UK aims to lower its international climate finance commitments by billionsThe UK's spy chiefs are accustomed to being listened to at the highest levels of government. Prime ministers and cabinets take notice when the joint intelligence committee (JIC), which directs MI5 and MI6, warns of threats to national security. Except, it seems, when it comes to the future of the planet.Last year the JIC produced a hard-hitting report which, the Guardian revealed, found the collapse of globally important ecosystems around the world – including the potential shift of the Amazon from rainforest to savannah, the demise of coral reefs, and the loss of glaciers – would threaten the UK's national security, through food shortages at home and the potential for conflict overseas.Dirty water, death and decline: the inside story of a privatisation scandalGlobal sea levels have been underestimated due to poor modellin...