businessSee all
A picture

Stellantis recalls 44,000 UK vehicles over fault that could cause fires

The European carmaker Stellantis has issued a recall for 44,000 UK vehicles after discovering a fault that could result in its cars catching fire.The fault has been found in certain models across its Peugeot, Citroën, DS Automobiles, Vauxhall, Lancia, Alfa Romeo, Jeep and Fiat brands, produced between 2023 and 2026. Key vehicles affected by the recall include the Citroën C3, Peugeot 208 and Vauxhall Mokka.The manufacturer said the issue related to a lack of clearance between the gas filter pipe and a component of the belt starter generator, which could cause water to leak into the engine bay during wet driving conditions. That created a “potential risk of fire” in the engine, in the worst-case scenario

A picture

UK firms expect to raise prices more quickly as Iran war pushes up costs

Companies in the UK expect to raise their prices more rapidly over the coming months as the war in the Middle East drives up costs, Bank of England research shows.The Bank’s regular survey of more than 2,000 chief financial officers conducted last month, after the Iran conflict began, shows they now expect to raise their prices by 3.7% over the coming year.That was a rise from 3.4% in February, while the bosses’ expectation of inflation across the economy has risen from 3% to 3

A picture

‘From high flyer to dead parrot’: former billion-dollar eco-shoe brand Allbirds sold for $39m

Allbirds, the San Francisco sustainable trainer brand once valued at more than $4bn, is being sold for just $39m (£29.6m) after global demand for its wool-based footwear failed to materialise.American Exchange Group, the owner of a string of brands including the fashion label Ed Hardy and the accessories maker Born, is snapping up the struggling company once touted as the future of footwear.Allbirds listed on the US stock market in 2021, but its shares have since tumbled by more than 99%, leaving it valued at just over $20m.In its early years, the brand enjoyed rapid success, and in the first two years since its official launch in March 2016, Allbirds sold more than 1m pairs of its original merino wool trainers

A picture

‘If he’d stayed on the golf course, we’d be in a better place’: experts on Trump’s tariffs, one year on

Before Donald Trump declared “liberation day” on 2 April 2025 and shocked the world by raising import tariffs on nearly every country the US did business with, he had spent almost three months causing chaos in Washington.The wholesale slashing of government jobs under Doge (the “department of government efficiency”) and the defunding of US aid agencies had shown White House watchers that the US president was in a hurry to upset institutions he considered profligate or useless.Investors quickly understood that chaos was an essential tool in Trump’s armoury. Almost as soon as he was inaugurated, there was a steady decline in the value of the dollar against other currencies. Investors sold assets denominated in dollars and bought assets elsewhere: Europe, Asia, South America

A picture

Secondhand clothes sales forecast to hit $289bn as AI helps shoppers find deals

Secondhand clothing sales are forecast to surge 12% this year to $289bn (£217bn) and continue to step up, as AI and social media influencers help shoppers find the items they want.The rise of sites such as Vinted, Depop, Vestige and ThredUp is expected to power an average 9% annual growth over the next five years to reach $393bn, twice the pace of the overall clothing market.The prediction came in ThredUp’s annual resale report, which uses research from market analysts GlobalData. In 2021 the market was worth just $141bn, less than half this year’s expected total.Brands such as Dr Martens, Zara and Mulberry have begun selling their own secondhand items or repairing and reviving used items as demand booms

A picture

Thames Water ‘close to deal that would spare it new Ofwat fines until 2030’

Thames Water is said to be close to a deal with its regulator that would allow the company to avoid new fines for four years, as long as it commits to investing in the business.The controversial offer, reported by the Financial Times, has been put forward by creditors who are hoping to save the struggling utility from being temporarily renationalised.Thames has been trying to stave off financial collapse for more than two years, after building up a £17.6bn debt pile in the decades after its privatisation. Bosses tried to sell the company last year but faced embarrassment when their preferred bidder, KKR, pulled out of the deal at the last minute

A picture

Larva lamped: Colin the Caterpillar loses to eight lookalikes in cake taste test

After a busy 35 years as a British party favourite, not to mention a bruising court battle with an alleged copycat, you might think Colin the Caterpillar had earned his place at the top.But the “original” chocolate caterpillar cake has now been labelled the worst, bested by lookalikes in a taste test.In a contest against eight supermarket rivals including Cecil, Charlie and Wiggles, Colin came bottom with a score of 64%.Almost half (44%) of the 75-strong panel of cake-testers assembled by the consumer champion Which? complained Colin’s sponge was “too dry”. By contrast, the Waitrose progeny Cecil triumphed with 78% and was awarded a coveted “best buy” gong

A picture

Polymarket and other prediction platforms driving oil market, traders say

Online betting platforms are directly driving the global oil market as they increasingly rely on anonymous prediction markets to determine multimillion-dollar trades, energy traders have warned.Market experts have said that datafeeds from prediction platforms such as Polymarket are being used to create the algorithms that influence trading in the global Brent crude futures market.The “widespread” use of Polymarket in oil futures trading has emerged amid concerns that anonymous account holders may be using insider knowledge to place bets.Energy traders have raised concerns that the platform could also be used to influence pricing in the global oil market.One energy trader said Polymarket had become the best predictor of the oil market’s direction since the US-Israel war with Iran triggered a global oil crisis, making it an essential part of the algorithms used to determine trades

A picture

UK food inflation ‘could hit 9%’, trade body warns as Reeves meets retail chiefs

Food inflation could hit 9% in the UK this year even if the strait of Hormuz opens within the next few weeks, figures suggest, as the Iran war pushes up energy prices.The Food and Drink Federation (FDF), which represents 12,000 food and drink manufacturers, has predicted prices will rise by “at least” 9% by the end of 2026, almost tripling a forecast of 3.2% that was made before the Middle East conflict.The chancellor, Rachel Reeves, met supermarket bosses on Wednesday to discuss how to ease any impact of cost inflation on prices at the till, while global markets rallied on remarks from Donald Trump suggesting the war could end in “two to three weeks”.The FTSE 100 shut 1

A picture

Starmer’s ‘five-point plan’ was not a plan | Nils Pratley

‘We have a five-point plan for the immediate crisis,” declared the prime minister during his remarks from Downing Street on Wednesday. Really? Two of his five points were measures on energy bills that pre-date the Iran war. One was a description of support for a sub-set of consumers but dodged the key question of who else could get help.Another stated the government’s longstanding energy strategy in unchanged terms. The last was a diplomatic policy, presumably shoehorned into the cost-of-living passage because a five-point plan sounds better than a four-point one

A picture

UK is most vulnerable European country to jet fuel shortages, Ryanair boss says

The UK is the most vulnerable country in Europe to potential jet fuel shortages as the Iran war throttles supplies from the Gulf, the boss of Ryanair has said.Michael O’Leary, the chief executive of the budget airline, said Britain would be the most exposed to jet fuel shortages because it relies on Kuwait for about 25% of its supply.“Of all the European countries at the moment, the one that is most vulnerable is the UK because of the market share that the Kuwaitis have here,” he said. “There could be a surplus of jet A-1 fuel in the Middle East, but you have still got to ship it to Europe and we don’t know when or how that happens.”Airlines around the world have been forced to cancel some flights after the war in Iran triggered a surge in jet fuel prices

A picture

Oil tumbles and UK’s FTSE 100 posts biggest daily rise in a year on hopes Middle East war will end soon – as it happened

As the clocks ring noon in the City of London, here’s the situation.European and Asia-Pacific stock markets have rallied sharply, after Donald Trump signalled that the Iran was could end soon.The UK’s FTSE 100 share index is up 1.9% now at 10,369 points, up 192 points to a two-week high.The pan-European Stoxx 600 index is up 2%, with gains in Frankfurt, Paris, Madrid and Milan

recentSee all
A picture

Australia says it won’t raise drug prices after Trump’s 100% tariff on pharmaceuticals imported into US

Australia will not cave in to pressure from pharmaceutical giants and the Trump administration by removing consumer price protections on common medications, the health minister, Mark Butler says.Donald Trump imposed a new 100% tariff on branded pharmaceuticals imported into the US overnight, Australian time, trying to force manufacturers to agree to drug-pricing deals or commit to making their products domestically.It is the latest challenge for Australian manufacturers selling products to American consumers and comes as the White House tries to force changes to Australia’s Pharmaceutical Benefits Scheme, which guarantees lower prices for prescription holders here.Under a new executive order signed by Trump, large pharmaceutical companies will have 120 days to announce plans to avoid the new tariff, while smaller companies have 180 days.Companies agreeing to move manufacturing to the US can see a reduced 20% tariff, with some carve-outs given to companies agreeing to preferred pricing deals for US consumers

A picture

Blue Owl Capital limits withdrawals after investors try to redeem $5.4bn

A major private credit investment firm, Blue Owl Capital, has imposed a cap on withdrawals after investors tried to pull $5.4bn from two key funds, in the latest sign of crumbling confidence in the unregulated lending market.The New York-headquartered firm released filings on Thursday that showed a surge in redemption requests, with investors asking to take back 21.9% of the cash stored in Blue Owl’s $20bn (£15bn) Credit Income Corp fund between January and March. Meanwhile, investors requested 40

A picture

Google to tap into gas plant for AI datacenter in sharp turn from climate goals

Google’s plan for a partnership with a natural gas power plant that could provide energy for one of its datacenters in Texas was unearthed by new research and confirmed by the company. The move is part of an ongoing about-face for the tech giant, which once pledged to be carbon neutral by 2030 and has long been seen as a pioneer in clean energy.The gas power plant is slated to be built in Armstrong county, a sparsely populated area in the Texas panhandle. According to a report by the research organization Cleanview, the project is being led by Crusoe Energy, which partnered with Google to develop the datacenter campus known as “Goodnight”, named after a nearby town.Crusoe filed for a permit in January to build the 933-megawatt power plant on the site of the Goodnight campus, which showed the facility would operate off the grid and provide energy to at least two buildings on the campus, according to Cleanview

A picture

Court dismisses former WhatsApp security chief’s lawsuit against Meta

A US court has dismissed a lawsuit from WhatsApp’s former security chief, who alleged that parent company Meta ignored internal flaws he flagged about the messaging app’s digital defenses.Abdullah Baig, who claims he was fired in retaliation for raising these concerns, had alleged that billions of users had been put at risk because of these vulnerabilities. Thousands of employees could view sensitive user data, including profile photos and location, Baig claimed in the lawsuit filed in September. A judge ruled he had not presented enough evidence to move forward.The US district court in northern California ruled last month to dismiss Baig’s claims, with the judge, Laurel Beeler, writing on 19 March that “the complaint does not contain sufficient facts to show that the plaintiff reported violations of SEC rules or regulations

A picture

Alana King spins Australia to crushing win over West Indies to seal ODI series sweep

Alana King has spun Australia to a commanding nine-wicket victory over West Indies as the tourists completed an ODI series sweep in St Kitts.The leg-spinner ripped through the hosts with a stunning spell of 5 for 19 from 10 overs as the West Indies collapsed after a bright start to be bundled out for 136 in the third and final ODI in the series.Australia raced to their target inside 20 overs as opener Phoebe Litchfield (68 not out from 56) and veteran Ellyse Perry (33 not out) steered them home.King claimed her second-best figures in women’s one-day internationals in the crushing win over West Indies, after she claimed 7 for 18 at the World Cup last year.The 32-year-old leaves the Caribbean with 11 wickets across six white-ball matches after returning to the T20 team in style with five scalps from three games in the shorter format

A picture

Washington Wizards apologize after $10k April Fools’ prank draws backlash

The Washington Wizards apologized on Thursday after an April Fools’ Day in-game promotion during their loss to the Philadelphia 76ers prompted criticism on social media.During Wednesday night’s game at Capital One Arena, a fan was brought on to the court for a blindfolded half-court shot promoted as being worth $10,000. The shot missed, but arena staff and performers reacted as if it had gone in and briefly presented the fan with a ceremonial check as part of what later was revealed to be a scripted skit.Video of the sequence circulated online and led to questions about whether the fan had been misled.“To do this to a fan that chose to come see a 17-win team is unhinged,” Jemele Hill, a contributing reporter for the Atlantic, wrote on X

A picture

Starmer must call energy summit akin to 2008 crisis response, Labour MP says

Keir Starmer should convene a global energy summit of the same order as Gordon Brown’s response to the 2008 financial crisis and put Britain on a “war footing” to reduce its exposure to fossil fuels, a Labour MP and former government adviser has said.Polly Billington, who was an aide in Brown’s government, warned that economic pain was “hurtling down the tracks” and a bigger response was needed to protect the British people from the consequences of the US-Israeli war on Iran.The MP for East Thanet said the impending energy crisis caused by the war was “as big as the financial crash” and required “a response of equal magnitude”. She said the increase in prices would not be temporary or regional, and that “economic pain, falling living standards and social anger create fertile ground for extremist politics”.While she said the government’s convening of 35 countries to discuss the reopening of the strait of Hormuz was a good step, a bigger global response was needed on energy

A picture

Drip-feed of Reform UK controversies puts party’s policy drive in shade

It was a week that started with a candid admission from Nigel Farage. When asked if Reform UK’s vetting process was finally up to scratch, the party leader said: “I accept that at the last general election basically there was no vetting really.” He was speaking after the latest of what a senior colleague had described as a “series of abhorrent incidents”.That latest incident had involved a Welsh Senedd candidate, Corey Edwards, who was forced to step down last Friday after a picture of him appearing to do a Nazi salute surfaced online.Yet while Farage went on to tell reporters at a Heathrow press conference on Tuesday that they would find Reform was “doing pretty well now”, just two days later another frontline party member was in hot water

A picture

Cocoa-crazy: chocolate-infused liqueurs deserve their own moment

Among my minor childhood traumas was the time my dad returned from a business trip to Belgium with a smart box of assorted chocolates (cue tiny violins). Expecting caramel, I bit into a truffle and was met by an explosion of very boozy liqueur. The box seemed to be an exciting change from the usual duty-free Toblerone, but after this incident, truffle assortments have always struck me as deeply unsafe. (I have tried liqueur-filled chocolates since, but still remain flummoxed by them.)The Guardian’s journalism is independent

A picture

Baked cheesy smoked haddock and lemon icebox pudding: Henry Harris’ alternative Easter lunch

Sometimes all you want is a hot, bubbling dish and a spoon, and for me today’s cheesy haddock is that dish – a 15-minute supper to be enjoyed in front of the telly with a salad or a large bowl of hot buttered peas. Add a lemony, biscuity iced dessert, and you have a light, very easy and enjoyable supper that’s almost the perfect close to a long Easter weekend.Choose your smoked haddock carefully: you want large, thick fillets of undyed fish. Stating the obvious, here, but a good fishmonger will have this; a supermarket never. The creme fraiche must be a French, naturally soured cream, too, becausethe cheaper English versions coagulate when heat is applied, resulting in an unpleasant, watery gunk

A picture

Stephen Colbert on Trump attending birthright citizenship hearing: ‘That’s mob-boss-level intimidation’

Late-night hosts tore into Donald Trump’s intimidation tactics at the supreme court hearing on birthright citizenship and another judge’s order to halt construction of his White House ballroom.Wednesday was “a big night on all the broadcast networks”, said Stephen Colbert on The Late Show, as Trump gave a primetime national address on the war in Iran.“It was concise, intelligent and brought the nation together with shared purpose,” Colbert said. “April fools! Trump gave a speech tonight, on the first night of Passover. So whether you’re Jewish or not, I recommend having had four glasses of wine

A picture

Colbert on Trump’s shifting tone on Iran: ‘It’s a military strategy known as starting a 1,000-piece jigsaw puzzle’

Late-night hosts touched on soaring oil prices from Donald Trump’s war in Iran as he backs down from solving the crisis in the strait of Hormuz.Stephen Colbert opened Tuesday’s monologue with an acknowledgment that for the first time since 2022, gas prices have soared to more than $4 a gallon. “I mean, who could’ve seen this coming? Just two days ago gas was a reasonable $3.98,” the Late Show host quipped. “Yesterday it was $3

A picture

How to turn a leftover roast lamb bone into Wales’ national dish – recipe | Waste not

Cawl is Wales’ gift to the world of thrifty, slow-cooked broths and, like all great peasant dishes, it’s seasonal, versatile and immensely practical. A few years ago, Food & Drink Wales invited me to create two food sustainability toolkits, one for hospitality and one for the public, with both celebrating Welsh produce and recipes. This led me to explore Wales’ national dishes and discover cawl (or lobscows, the northern Welsh name for the dish) properly for the first time. Inspired by Welsh culinary legends Dudley Newbery and Tomos Parry’s recipes, it’s the perfect way to turn lamb leftovers, or even just a bone, into a hearty meal.The magic of cawl lies in its sheer simplicity

A picture

Australian supermarket Easter eggs taste test: ‘The quality of Easter chocolate is simply worse’

Nicholas Jordan goes on the hunt for good Easter eggs. After nibbling through 29 products, he is glad the ovum ordeal is overGet our weekend culture and lifestyle emailIf you value our independent journalism, we hope you’ll consider supporting us todayWhen I was a kid, chocolate usually came with some kind of regulatory statement: “you can have some if you finish your dinner”, or “don’t eat it all at once”. But at Easter, that went out the window. The amount of chocolate I ate then is barely believable.Now that adult me is making the decisions, I can eat chocolate whenever I want, with the fervour of an unaccompanied labrador in a pet food shop

A picture

What a slip-up! The shop in Orkney that accidentally ordered 38,000 bananas

Name: Banana bonanza.Age: A few days old – and getting riper by the minute.Appearance: Try to imagine a lot of bananas.Easy. How many bananas is a lot of bananas? About 38,000 bananas

A picture

Ways to use mint sauce without having to roast a lamb

My wife adores roast lamb with mint sauce. However, after an online purchasing blunder, my larder now contains six jars. How can I make use of them apart from serving roast lamb every Sunday from now until the crack of doom?John, by emailAs is so often the case, it all starts with a shift in mindset. “When you see a jar of sauce, there’s a real tendency to think, ‘I must use this as a sauce,’” says Kate Young, author of Dinner at Mine? Start treating that surplus mint sauce as an ingredient instead, however, and your life will be a whole lot easier. “If John is planning on using chopped fresh mint with, say, meat, cheese or veg, then consider how you might use mint sauce in its place,” Young adds

A picture

Sami Tamimi’s recipes for slow-cooked lamb with spicy pickled lemon and jewelled Easter rice

Whenever I’m asked about my favourite dish to serve to friends and family, in most cases I’d say slow-cooked lamb at the centre of the table. After a long, slow cook, the meat becomes tender and rich, and the spices melt into every bite. Served with flatbreads, tahini, fresh herbs and sharp pickles, it invites everyone to build their own perfect mouthful. Across the Middle East and Mediterranean, lamb symbolises generosity and celebration, especially at Easter, when roasting it remains an adored tradition.The lamb is marinated with garlic, olive oil and aromatic spices the night before, to give the flavours time to deepen, then, after luxuriating in the oven, it emerges golden, fragrant and meltingly tender

A picture

I can’t believe it’s got butter: this double-dairy ice-cream has gone viral – but how does it taste?

What’s yellow, a new superfood (according to the internet) and essential for hot cross bun consumption? Butter. The once-vilified member of the food pyramid is now the snack of choice for many and liberally slathered on to everything. Not even the humble soft serve has been able to escape its greasy grasp.The butter-dipped soft serve, popularised on Instagram, is characteristic of food made for social media: the questionable flavour pairing enhances its desirability. Soft serves with pale yellow shells are already being sold by Cherry’s Goods and Air Lab in Sydney and Timboon Fine Ice Cream in regional Victoria

A picture

Rukmini Iyer’s quick and easy recipe for artichoke, olive and feta pithivier | Quick and easy

Pithiviers look absolutely beautiful at the table. For the classic shape, you can buy circular all-butter puff pastry (Picard does an excellent one, with two sheets in one packet) or cut regular puff pastry into circles. That said, it’s just as delicious and there’s more bang for your buck with a big rectangle. Either way, it’s filled with moreish artichokes, olives and feta, with fresh lemon and parsley to lift the flavours. It’s 100% the type of meat-free main that everyone else wants to try, too

A picture

Carrot crumble and sprouting broccoli with almond butter: Chantelle Nicholson’s vegetable recipes for Easter

The intense sweetness that comes from roasting carrots should not be underestimated. And, when that’s topped with a savoury, nutty crumble, it’s a great combination. Add the wonderfully seasonal purple sprouting broccoli on the side, and it’s a luscious Easter celebration. A few low-waste tips, too: always use the parsley stalks, and try pickling the shallots in leftover gherkin brine. Trust me! And it wouldn’t be a spring recipe without our beloved wild garlic, so make the most of that while it’s about

A picture

How we can improve food security in Britain | Letters

Although I agree with George Monbiot’s analysis of the serious risks that we face from a breakdown in the UK food supply chain, there are two important points we need to recognise (We’re letting big corporations gamble with our lives. Act now, or the food could run out, 25 March). First, we must seek to increase food production on UK farms because this has been falling for several decades.Food self-sufficiency in the UK fell from 78% in 1984 to 62% in 2024. The decline is largely due to the loss of farmland to non-farming use: buildings, roads and railways, conservation and wildlife schemes, solar farms and recreation

A picture

How to make Easter chocolate nests – recipe. | Felicity Cloake's Masterclass

Much as I love Easter eggs – and I really do, despite being that irritating person still nibbling away at them at Christmas time – these charming, crunchy little nests full of colourful treasure are up there with hot cross buns as my favourite seasonal produce. Top tip: they’re even easier to make if you enlist a small sous chef or two to help stir the pan!Prep 20 min Cook 5 minChill 2 hr Makes About 1280g Shredded Wheat (about 3½ full-sized ones), or other cereal (see step 1)75g dark chocolate (see step 3)100g milk chocolate 35g butter, or vegan alternative50g golden syrup 1 pinch salt ¼ tsp mixed spice (optional)Finely grated zest of ¼ orange (optional)36 miniature chocolate eggs (about 115g)Shredded Wheat (or another brand of similar cereal) is not the only choice here: you could substitute corn or bran flakes, puffed rice, Weetabix and so on, but it does look the most authentically twig-like. Try to get the big ones, if possible, because it’s all too easy to crush the bite-size variety to dust.Break the Shredded Wheat into pieces (leave flaked cereals, puffed rice and so on whole, and crumble Weetabix) in a large bowl – use your hands, the end of a flat rolling pin or glass, or the bottom of a smaller bowl to do this, and aim for a variety of lengths, rather than crushing the cereal to smithereens.Almost any chocolate will work here (this is, in fact, a great use of last year’s Easter eggs or Christmas chocolate, if you still have some left), though be careful with white chocolate, which doesn’t always melt well

A picture

The Wellington, Margate, Kent: ‘Worth risking a werewolf attack to get to’ – restaurant review | Grace Dent on restaurants

The ever-changing menu is a paean to things that make me happyThe Wellington has been drawing crowds to Margate of late, due to a recent takeover by chef Billy Stock and front-of-house queen Ellie Topham. Stock is formerly of nearby Sète, which I loved very much, and also cooked at London’s The Marksman and St John, which is a pedigree that says: “I like feeding people proper food, not fancy, itsy-bitsy suggestions of food.” So with that, I set off to the south-east Riviera on a day when the weather ranged from hailstones to simply freezing gales.Much is said about Margate being freshly desirable, hip and charming, but on a freezing day at the tail end of winter, this seaside town certainly tests the prescription of one’s rose-tinted spectacles. None of the down-from-London brigade cries, “Let’s move to Margate!” as icy hail plink-plonks off their nose while they cower in the door of the Turner Contemporary

A picture

Five Guys CEO says he gave a $1.5m bonus to his workers so he wouldn’t get shot in the back

Five Guys’ chief executive officer, Jerry Murrell, said he gave a $1.5m bonus to employees of his US-based burger restaurant chain because “I didn’t want anybody shooting me” after the company recently “screwed … up” a buy-one-get-one-free promotion.Murrell did not elaborate on the comment, which he gave to Fortune in an interview published on Wednesday – but it came a little more than a year after the UnitedHealthcare CEO Brian Thompson was shot dead on a midtown Manhattan street in what was widely considered a murderous rebuke of the US health insurance industry’s profit-driven practices.Fortune’s conversation with Murrell revisited a two-for-one promotion that Five Guys organized in February to celebrate its 40th anniversary that proved to be much more popular than the chain expected. Five Guys’ app crashed as customers sought to take advantage of the promotion, and many overwhelmed chain locations discontinued the offer early, inviting backlash on social media