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Households on a default dual-fuel tariff in Great Britain could cut costs by moving to a fixed dealExperts have told households whose energy bills are pegged to the price cap not to “rest on their laurels” as they could save more than £200 a year on a fixed deal.This week, Ofgem said the price cap in Great Britain would drop by 7% from April. This usually only matters if you are on a default tariff, but this time the reduction applies to everyone because the government is removing green charges from bills. Continue reading......

Rolling coverage of the latest economic and financial newsAnalysts suspect that regulators, such as California Attorney General Rob Bonta, could attempt to challenge Paramount's takeover of Warner Bros Discovery.Bonta, a Democrat, said late on Thursday that his office would take a 'vigorous' approach to the deal.“Paramount/Warner Bros is not a done deal. These two Hollywood titans have not cleared regulatory scrutiny — the California Department of Justice has an open investigation, and we intend to be vigorous in our review.”“We've always been disciplined, and at the price required to match Paramount Skydance's latest offer, the deal is no longer financially attractive, so we are declining to match the Paramount Skydance bid.” Continue reading......

Care roles hit particularly hard by UK's lurch to the right on migration, according to analysis of Home Office dataHospitals and care homes in the UK face “an impending car crash”, experts have warned, as research shows the number of overseas nurses and carers has collapsed.Analysis of Home Office quarterly data reveals the number of overseas nurses granted entry to the UK has fallen by 93% over three years. Just 1,777 overseas nurses were granted entry in 2025, compared with 26,100 in 2022. Continue reading......

RFU due to confirm shake-up of rugby's top divisionKnighthead Capital Management in early discussionsBirmingham City's owner, Knighthead Capital Management, is among a number of American investors exploring the purchase of potential new franchises in Prem Rugby before a radical shake-up of the sport due to be ratified by the Rugby Football Union on Friday.The RFU council will vote at Twickenham on proposals to ringfence the 10-team Prem with no promotion or relegation until 2030, when a staged expansion is planned, beginning with the addition of two more teams. Continue reading......

Deficit is the highest ever recorded by an English clubBlueCo partner Strasbourg also lost £69m in same periodChelsea made a financial loss of £355m in the 2024-25 season, according to new data released by Uefa, the biggest deficit ever recorded by an English football club.According to Uefa, Chelsea's losses were more than double the ­second-worst in Europe, the £171m posted by Lyon. The figures are also about £260m worse than those posted by the Blues in 2023-24. Continue reading......

European Anti-Fraud Office to look into the former US ambassador's time as trade commissioner in BrusselsPeter Mandelson is facing an inquiry by the EU's anti-fraud agency after the European Commission requested the body look into his activities during his time as trade commissioner in Brussels.The commission said it referred the peer, 72, to the European Anti-Fraud Office, known as Olaf, last week after the US Department of Justice released documents allegedly showing he shared sensitive government information with sex offender Jeffrey Epstein. Continue reading......

OpenAI-powered assistant will help to 'understand overall service patterns', company says, as move sparks backlashFrom hospitality workers to retail employees, the exaggerated “customer service voice”, often mocked in internet memes as wildly different from someone's real voice, has long been a cultural trope. Fast-food giant Burger King is now taking that voice one step further, saying it will detect whether employees are using words like “please” and “thank you” through the assistance of artificial intelligence.On Thursday, Burger King announced it is rolling out a new AI chatbot connected to employee headsets at hundreds of locations in the US as part of a platform called BK Assistant, powered by OpenAI, the maker of ChatGPT. Continue reading......

The latest rush of docudramas seems to suggest that anyone in the public eye must expect a degree of intrusion. But where does that end?Was that really Peter Mandelson getting into a police car on Monday? Was it really the same Mandelson who had supposedly been about to flee to the British Virgin Islands, the man called “a traitor” to his country and the buddy of a sex trafficker of girls? Was he really to be questioned for nine hours by the police over “misconduct in public office”, an offence few people have ever heard of? For a moment, I thought it must be a trailer for a new Epstein docudrama “inspired by real-life events”.For two months, news desks on both sides of the Atlantic have been trawling through the Epstein files, daily releasing sensational details. This one story – now years old – is crushing out many others. The name of Jeffrey Epstein this past week has claimed precedence over Donald Trump, China, Iran and Ukraine. Each night's BBC television news has demoted Keir Starme...

Company walks away from planned takeover as co-chiefs say deal 'no longer financially attractive'Sign up for the Breaking News US email to get newsletter alerts in your inboxNetflix has walked away from its planned takeover of Warner Bros Discovery, declining to raise its offer for the media conglomerate's storied Hollywood studios and streaming business after it determined a sweetened rival offer from Paramount Skydance to be “superior”.In a statement on Thursday evening, Netflix co-chief executives Ted Sarandos and Greg Peters said that “at the price required to match Paramount Skydance's latest offer, the deal is no longer financially attractive”. Continue reading......

Back then, France punched above its weight when it came to tech. The EU needs it to rediscover its taste for the cutting edgeIn the 1960s, France became the third country, after the US and Soviet Union, to independently place a satellite (Astérix) into orbit, and the only country to send an animal into space and – crucially, for Félicette the catstronaut – bring it back alive. A decade later, the Franco-British Concorde flicked passengers across the Atlantic in three and a half hours and the TGV began to propel them through the countryside first at 250km/h (155mph), and then 320km/h. Then, in the late 1980s, the French space agency designed a crewed spaceplane, Hermès, that corrected for the Nasa space shuttle's vulnerability by being integrated into its launch vehicle rather than perched atop it.A concerted buildout of nuclear power left France with one of the least carbon-intensive economies in the world. And then, of course, there was the Minitel. More than a decade before anyone was typing “...

Readers respond to an interview with Beth Gardiner on how the oil industry is pumping billions more into plasticsBeth Gardiner is right to argue that plastic is not merely a recycling failure ('They pushed so many lies about recycling': the fight to stop big oil pumping billions more into plastics, 19 February). It is something far more consequential: an oil growth strategy.Petrochemicals – of which plastics are the dominant output – now account for roughly 75% of net global oil-demand growth, and are projected to become the largest driver of future oil demand. Plastic production has already doubled in the past two decades. Major oil companies are responding accordingly. Recent consolidation – including a $60bn merger creating one of the world's largest plastics producers – reflects a deliberate pivot toward petrochemical assets as a long-term demand anchor. Continue reading......

Readers respond to articles by Gaby Hinsliff and Sumaiya Motara on the availability of first jobs, and the hoops applicants are made to jump throughGaby Hinsliff may be right to link the current lack of starter jobs to recent increases in minimum wage and national insurance costs for employers (Do you remember your first crappy job? Today's young people would wish for half your luck, 20 February). But there's more to it.In the 250-plus years between the invention of the water-powered spinning jenny and artificial intelligence, we have developed technology and technique with the primary aim of reducing the number of people necessary to employ for a given amount of output. On a finite planet, the amount of output must eventually stabilise. We cannot maintain for ever the notion that everyone must have a job in order to be allowed to have a life.Donald SimpsonRochdale, Greater Manchester Continue reading......

The UK, like many other countries, has a falling birthrate. But Danny Kruger's perverse 1970s-style policies offer nothing to mothers-to-beBabies are beautiful. I always want to smile at them in the street, perhaps because they are a rarer and more precious sight in this ageing country or because they remind me of my grandchildren. There are about 3.5 million children aged four and under, while dogs on the streets are a more plentiful 13.5 million. Is the dog boom compensating for fewer children? As time goes by, there are going to be ever more grandparents and ever fewer children to beam at foolishly.That is not only a sadness and a loss, but becoming an aged society is a cultural and economic threat. Older people, by and large, are not the innovators or new thinkers. An ageing society risks declining in optimism, creativity and, above all, risk-taking: a top-heavy preponderance of older people makes for a conservative and fearful electorate. We are there already – and it's getting worse.Polly Toynbe...

Firm's automated warehouses are struggling to compete against swift deliveries from stores by bike ridersOcado to cut 1,000 jobs in £150m cost-saving driveOnly six years ago, the boss of Ocado Group was writing the obituary for supermarkets as he predicted that a surge in online grocery shopping during the pandemic had brought forward the hi-tech future.“Not every store will disappear, but there will be a dramatic shift,” Tim Steiner said at the height of the Covid pandemic, when shopping from the sofa became the only option for many. Continue reading......

Liz Kendall to launch consultation next week that will also explore alternatives such as curbs on infinite scrollingMinisters will take another step towards banning social media for under-16s next week as they launch a consultation on the policy, with government insiders increasingly certain Keir Starmer will back the idea.Liz Kendall, the technology secretary, will publish the terms of reference for the consultation, which is expected to explore options including an age limit and less hardline action such as curbs on infinite scrolling. Continue reading......

Families are 'struggling with cost of heating their homes', letter says as Trump repeatedly pledges to slash utility billsAs energy prices for US households soar nationwide, Democratic and progressive lawmakers are calling on the energy department to stop increasing exports of liquefied natural gas (LNG).“The Trump administration's LNG export policies are not putting America first: they have jacked up utility prices for families, leaving many Americans struggling with the cost of heating their homes this winter,” reads a letter to energy secretary Chris Wright, sent Democratic senator Elizabeth Warren of Massachusetts, Independent senator Bernie Sanders of Vermont, and seven others. Continue reading......

Every country supports its aerospace business, while keeping the production at home is vital. At least with Rolls, the UK is backing a winnerRolls-Royce, the engine-maker and defence firm that is spitting out so much cash it can shove £7bn to £9bn towards buying back shares over the next three years, would like UK taxpayers to find a few quid – reportedly up to £200m as a first slug – to help fund one its big bets. The company would “appreciate” financial support from the government to smooth work on a new engine, says its chief executive, Tufan Erginbilgiç.Outrageous? Well, corporate welfare for Rolls is obviously absurd in the abstract. If there is a definition of a company that can afford to pay for its own research and development, this is it. One might also say Rolls owes us a favour since it was the recipient of billions of pounds-worth of loan guarantees from the UK's export finance agency when the Covid wolf was at the corporate door in 2020. Continue reading......

The owner of the Yorkshire plant has been criticised for burning material from controversial pellet production plantsThe owner of Drax power plant has started reducing the amount of Canadian wood pellets it burns, and will stop burning trees from British Columbia entirely within the next year.The FTSE 250 company Drax Group said its Canadian wood pellet plants, which once supplied millions of tonnes of biomass to be burnt in its North Yorkshire power plant, had cost the company almost £200m in financial impairments last year. Continue reading......

Børge Brende admitted dining with the convicted sex offender on three occasions between 2018 and 2019The boss of the World Economic Forum (WEF) has quit following criticism of his connections to the disgraced financier Jeffrey Epstein.Børge Brende said he will step down as president and chief executive after more than eight years leading the body, which is best known for its annual meeting held each January in the Swiss mountain resort of Davos. Continue reading......

Exclusive: DHS chose firm with ties to Corey Lewandowski after demanding partisan loyalty, in departure from federal procurement guidelinesThe US Department of Homeland Security has awarded a $250,000 public relations contract to a Republican political consulting firm led by former Trump campaign officials with connections to Corey Lewandowski, a senior adviser to DHS secretary Kristi Noem, according to federal records reviewed by the Guardian.On 26 September 2025, DHS posted an opportunity for “public affairs consulting services”, specifying that the successful applicant would provide “strategic counsel” to top officials at the department including Noem. The work would also include ensuring that media outlets in “alignment with DHS priorities” were present at appearances with Noem, as well as drafting position papers and devising negotiation strategies “tailored to DHS's priorities in border security, immigration enforcement, and cyber defense”. Continue reading......