businessSee all
A picture

Ed Miliband to double down on net zero with measures to combat Iran energy shock

Ed 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.These will include speeding up the warm homes plan to encourage the rapid take-up of solar panels and electric vehicles; expanding the use of solar on public land; and delinking gas and electricity prices, to cut consumers’ bills.“As we face the second global energy shock in less than five years, the lesson for our country is clear; the era of fossil fuel security is over, and the era of clean energy security must come of age,” he is expected to say.Oil prices plunged on Friday amid claims that the key maritime choke point of the strait of Hormuz was reopening – but those hopes were dashed over the weekend, with Iran insisting it would remain under “strict control”

A picture

ABF poised to reveal result of Primark and food business demerger plan

Primark 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.ABF, which owns bakeries, a sugar production business and provides ingredients to the restaurant trade alongside selling brands including Patak’s spice flavourings, Blue Dragon sauces and Jordans cereals, said in November last year that it was considering a demerger of Primark, its fashion arm. It said a strategic review carried out with the help of the advisory company Rothschild & Co had “a view to maximising long-term value”.That was followed by a subdued statement on Christmas trading in January when the company admitted that annual sales were likely to be flat year on year and profits down

A picture

We all share blame for the decline of our high streets | Brief letters

I 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

A picture

Independent bookstores make quiet comeback as big chains dominate retail

For years now, we have heard that Amazon and the big chains are crushing small businesses, but independent bookstores are suddenly making a comeback.About 422 new indie bookshops opened in 2025, according to the American Booksellers Association, a 31% rise from 2024. Countless independent restaurants, coffee shops, fitness centers, movie theaters, clothing stores and other small businesses also continue to thrive even in this era of ever-bigger retailers, fast-casual restaurants and massive e-commerce platforms.The reasons are obvious.For starters, we live in a big country

A picture

Bank bosses called to meeting with Reeves over impact of Iran war on UK economy

The bosses of Britain’s “big five” retail banks have been summoned to a meeting with the chancellor, Rachel Reeves, this week to discuss how to limit the economic impact of the crisis in the Middle East triggered by the US and Israel’s attacks on Iran.The chief executives of HSBC, Barclays, Lloyds, NatWest and Santander have been asked to attend an emergency summit on Wednesday, amid increasing acceptance that a major economic hit from the Iran war is unavoidable.Talks will focus on how to protect those most vulnerable to the ripple effect, according to a source familiar with the plans, with borrowers who are braced for mortgage rate increases a particular area of focus.This will include an update on banks’ commitment to support 1.6m customers whose fixed-rate deals end between now and the end of the year, under the government’s mortgage charter

A picture

Falling fertility, debt and AI: is the US headed toward a population crisis?

Americans having fewer kids plus an ageing population could be a recipe for disaster that further erodes social stabilityRemember environmentalist Paul Ehrlich’s 1960s-vintage prediction about how overpopulation would deplete the Earth’s resources and condemn millions to starvation? His Malthusian condemnation of humanity’s voracious appetite has kept a grip on the debate over the future of the planet, even scaring the young out of having children.Ehrlich was wrong. Yet as we have come around to the thought that overpopulation won’t kill us all, we are being walloped by another demographic emergency: we are not having too many kids, we are having too few. This problem is real.The most recent scare came from government figures released last week suggesting the fall in US fertility – the number of children a woman will have over her lifetime – may be speeding up, hitting a record low of 1

A picture

Labour’s ‘crabwise’ approach to closer EU ties must address damage of Brexit | Heather Stewart

Rachel Reeves joined EU finance ministers for dinner in Washington last week, on the sidelines of the International Monetary Fund spring meetings – the first time a chancellor had done so since Brexit.It was the latest symbolic step in Labour’s marked shift towards prioritising closer EU relations.That makes perfect sense against the backdrop of Donald Trump’s reckless Middle East conflict. But domestic politics and economics have increasingly aligned in favour of a lean towards the EU, too – or, rather, Labour has increasingly opened its eyes to them.As political scientists such as Rob Ford and Ben Ansell have been all but screaming for some time, Labour is losing many more voters to the left wing, pro-EU Greens and Liberal Democrats than to Nigel Farage’s Reform UK

A picture

‘I don’t want to waste the gas’: Uber and Lyft drivers reeling as fuel prices soar

Drivers for Uber and Lyft across the US are spending hundreds more dollars on fuel each month after the US-Israel war on Iran triggered a sharp rise in oil prices.Support offered by the ride-hailing companies amounts to a “slap in the face”, drivers operating their services told the Guardian, as many are forced to choose between driving more to make the same money as previously – or cutting back their miles to reduce costs.The companies have both expanded rewards and discounts through financial services products in recent weeks, as average US fuel prices surged from $2.98 a gallon at the end of February to above $4.But gig workers at Uber and Lyft say such support is not enough, and “pretty hollow” compared to any increase in pay for drivers

A picture

Vodafone incentivised security staff to fine its own franchisees

Vodafone incentivised its security staff to increase “clawbacks” levied on its own franchisees, as part of a programme that led to the telecoms group fining its own shopkeepers millions of pounds for seemingly small administrative errors.The policy – which included one alleged case of a £10,000 penalty for a franchisee whose mistake cost Vodafone £7.08 – involved setting “key performance indicators” (KPIs) for the telecoms group’s internal employees to collect total annual fines of £1.5m from the small business people running the FTSE 100 company’s high street stores.The existence of the fines regime has proved controversial for years and forms part of a high court claim brought by 62 former Vodafone franchisees in 2024, who allege the mobile phone company “unjustly enriched” itself by up to £85m by using tactics MPs have compared to the Post Office Horizon IT scandal

A picture

More Britons opt to holiday in UK this summer amid uncertainty over flights

Holiday companies have predicted a surge in bookings for UK summer breaks after a jump in interest from Britons fearful of flight cancellations linked to the Iran war.Summer bookings are expected to rise in the coming weeks amid warnings of possible jet fuel shortages and resulting cancellations by airlines across Europe.Raoul Fraser, the chief executive of Lovat, a holiday park operator with sites across south-west England, said traffic to its website had increased after reports of jet fuel warnings last week. “It is definitely having a positive impact for us,” he said.“Our holidays bookings are up over 30% this year

A picture

Carmakers scramble to plug £3bn shortfall for UK loan scandal payouts

Carmakers are under pressure to drum up £3bn to cover payouts for motor finance scandal victims after failing to adequately prepare for a UK-wide compensation scheme that is due to begin this summer.Company filings show the lending arms of big vehicle manufacturers including Ford, BMW, Stellantis and Volkswagen may have massively underestimated the final costs of the financial regulator’s £9.1bn redress scheme.The Financial Conduct Authority (FCA), which released the final terms of its compensation plan last month, has said about 42%, or £3.8bn, of the total bill will be shouldered by carmakers’ motor financing divisions

A picture

Reeves rightly fears the bond market, but she can afford to ditch one unhelpful rule | Phillip Inman

There is a good reason Rachel Reeves is wary of the dreaded bond market vigilantes. Anyone who inherits a mountain of debt and then finds out that many of the lenders act like sharks is right to be concerned.Most of the participants in financial markets are not actively predatory. They swim in a sea of money with only one rule, to stick together, hoovering up as much profit as they can at the lowest risk.Bond vigilantes, on the other hand, are traders with a remit to pursue juicy prey, even if it means going hungry for a while

recentSee all
A picture

European stock markets fall and oil and gas prices jump 5% as strait of Hormuz ‘chaos’ worries investors – business live

European stock markets have dropped at the start of trading, as last Friday’s optimism about a Middle East peace deal evaporates.In London, the FTSE 100 has dropped by 42 points, or 0.4%, to 10,626 points, away from a six-week high at the end of last week.Germany’s DAX has fallen by 1.3%, and Italy’s FTSE Mib is down 1

A picture

Oil prices rise and markets fall after US seizure of ship hits Iran peace deal hopes

Oil 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

A picture

Sonos Play review: a great jack-of-all-trades portable speaker for home or away

The Play is a new portable wifi and Bluetooth home speaker that packs the best of Sonos into a jack of all trades that is intended to be a reset point in the company’s recovery from its app debacle that lost it faith, favour and a chief executive.The Guardian’s journalism is independent. We will earn a commission if you buy something through an affiliate link. Learn more.It is the first truly new music speaker since Sonos launched its new app in May 2024, which junked fan-favourite features while causing stability and usage problems for new and old customers alike

A picture

How a fiery attack on Sam Altman’s home unfolded

In the early hours of 10 April, a man approached the gate of OpenAI CEO Sam Altman’s house in San Francisco and hurled a molotov cocktail at the building before fleeing. The suspect, 20-year-old Daniel Moreno-Gama, was arrested less than two hours later while allegedly attempting to break into the headquarters of OpenAI with a jug of kerosene, a lighter and an anti-AI manifesto.Federal and California state authorities have charged Moreno-Gama with a range of crimes including attempted arson and attempted murder. His parents issued a statement this week saying that their son had recently suffered a mental health crisis. Moreno-Gama, who has not yet entered a plea, faces up to life in prison if convicted

A picture

Hampshire v Somerset, Warwickshire v Essex, and more: county cricket – live

As lunch approaches:Somerset need 74 to beat Hampshire with four wickets remaining. Tom Abell, vitally, still there on 63. Big Craig, been and gone. Liam Dawson weaving magic.Lancashire, spearheaded by Keaton Jennings, 74 not out, are nearly there

A picture

Floods, baskets and Billie Jean King: how the rough and tumble WBL set the stage for the WNBA

It was the night before the 1980 Women’s Professional Basketball League draft in New York City and the Dallas Diamonds had the No 1 pick. But the team’s top brass was split. Coach Greg Williams wanted to take the 6ft 5in Danish star Inge Nissen, and the team’s GM Nancy Nichols prized Nancy Lieberman, the American point guard people called “Lady Magic”.“We argued for days about Nissen versus Lieberman,” Nichols tells the Guardian.Nichols remembers the hours after dinner that night; everyone had retired to their rooms

A picture

Starmer expected to lead Labour into next election, says minister, but warns there are ‘no certainties’ amid Mandelson scandal – UK politics live

Douglas Alexander, the Scottish secretary, was on the government voice on the airwaves this morning. Along with Pat McFadden and Darren Jones, he is one of the ultra ‘safe pair of hands’ ministers trusted to do a media round when the government is in a really tricky position.His argument was that the appointment of Mandelson as ambassador to the US was a mistake, that Keir Starmer has already admitted this and apologised for it, but that he did not lie because he was not told about Mandelson in effect failing the security vetting. Starmer should have been told, Alexander said. He told Sky News:double quotation markI think most people watching this programme would think if there was material information, that the UK vetting agencies had come up with concerns and made a recommendation in relation to what’s a highly intrusive vetting process, that rightly and reasonably, that would be flagged to the ministers concerned

A picture

Naming Mandelson as ambassador before vetting was mistake, minister says

It was a mistake to announce Peter Mandelson as the UK’s ambassador to the US before he was security vetted for the role, one of Keir Starmer’s senior ministers has said before the prime minister’s statement to MPs about the scandal.With Starmer aiming to explain to the Commons on Monday afternoon why he did not know the Foreign Office had overruled a decision to refuse Mandelson vetting, some senior government figures believe the coming week could decide whether or not he remains in No 10.Douglas Alexander, the Scotland secretary, sent out by Downing Street on the Monday morning broadcast round, said when asked if Starmer would lead Labour into the next election: “I expect so.”He added: “Yes, I think he will. There are no certainties

A picture

How to make creme caramel – recipe | Felicity Cloake's Masterclass

I don’t know why this classic French dessert isn’t more popular online, given how pleasant it is to watch a softly set custard jiggling seductively on screen, or to admire the way the light bounces off its glossy, caramel top. Worse still, it’s also increasingly hard to find on menus, too. Well, you know what they say: if you want something done well, do it yourself.Prep 15 min Cook 50 minCool 4 hr+ Makes 6For the custardSoft butter, or neutral oil (eg, sunflower, vegetable or groundnut), for greasing500ml whole milk (see step 2)1 vanilla pod, or 1 tsp vanilla extract 2 whole eggs 100g caster sugar 4 egg yolksFor the caramel60g caster sugar 40g soft dark brown sugar (see step 3)1 pinch saltLightly grease six dariole moulds, small pudding bowls or smooth-sided ramekins.Arrange these on a baking tray or shallow tin, preferably one just large enough to hold them all without too much room around the edge, and put it within easy reach of the hob

A picture

Making a splash: demand for raw and ‘brewed’ milk growing in UK

Farmers and delivery firms launch new options for those seeking alternative to traditionally pasteurised productRaw milk has long been popular, as well as controversial, in the US. While health authorities warn it can carry harmful bacteria, supporters argue it is more natural, and it has also become tied to anti-government and “natural living” movements.In the UK, it is now gaining popularity, particularly among younger consumers, farmers say, as a less processed option, with new products launching to meet demand.Raw milk comes straight from the cow (or sheep or goat) and has not been pasteurised, the process of heating liquids to eliminate harmful pathogens and make them safe to drink.Because it does not undergo this heat treatment, the Food Standards Agency warns that raw milk can cause food poisoning, posing particular risks to pregnant women, young children and people with weakened immune systems

A picture

V&A East Storehouse and Norwich Castle among finalists for museum of the year

The V&A East Storehouse, the National Gallery and an accessible castle in Norwich are among the contenders for this year’s Art Fund museum of the year award, the most prestigious UK prize in the sector.The annual prize offers the winner £120,000, with £20,000 going to each of the other finalists, who the Art Fund’s director, Jenny Waldman, said had all “innovated in different ways”.This year’s list is dominated by some of the biggest names in the cultural sector that have undergone big refurbishments or invested in significant new outposts, such as the V&A’s East Storehouse, which will be seen by many as a frontrunner.Based in the Olympic Park in Stratford, east London, the space aims to reimagine what a storeroom can be, with partitions removed so visitors can see “and breathe the same air” as the objects. Waldman said the V&A Storehouse, which opened in spring 2025 at a cost of £65m, had broken the boundaries of what a store could be

A picture

‘Women want to experience pleasure’: how the female gaze caught the attention of film, TV and fiction

From passionate romantasy novels to premium television dramas, culture is bringing the agency, desires and interior lives of women to the fore. It’s proving good for business, but is this a permanent revolution?Do you voraciously read the pages of steamy romantasy bestsellers by Sarah J Maas or Rebecca Yarros? Or flood your group chat with breathless recaps of the latest goings-on in TV series such as Heated Rivalry or Bridgerton? Or even immerse yourself in the divisive and challenging cinematic worlds of Emerald Fennell? If so, you surely can’t have failed to notice that in pop culture, the female gaze – storytelling that highlights the meandering, textured, sublimely messy inner worlds and wants of women – is enjoying an explosion.On TV, you can see it everywhere, in the interior lives and desires taken up by Big Little Lies, Sirens or Reese Witherspoon and Kerry Washington’s Little Fires Everywhere. Romantasy harbours it in the shape of powerful maidens and sex in fae (fairy) realms, while Fennell’s Wuthering Heights and Promising Young Woman are marketed with the promise of converting women’s experiences into dark beauty on the big screen.A shift, a moment or a commercial juggernaut? That depends how deeply you look

A picture

Just the tonic: why it’s more than a mixer

If a tonic is something that “makes you feel stronger and happier”, my tonics come in the form of good wine, bad chocolate and an ageing whippet called Ernie. Recently, though, I’ve found myself craving the OG tonic – tonic water – which started life as a malaria treatment in the age of the British empire.The Guardian’s journalism is independent. We will earn a commission if you buy something through an affiliate link. Learn more

A picture

Move over matcha: how ube cocktails and coffees are hitting the UK’s sweet spot

Bright purple coffees and cocktails made with a root vegetable called ube have hit the high street in the UK after the yam’s striking hue caused a sensation on social media. Many are calling ube the “new matcha”, and it has a nutty, creamy, sweet taste, like a mix between coconut and vanilla.Ube coloured and flavoured drinks became popular in the US last year, after an earlier boom in Australia. Farmers in the Philippines, where the root vegetable is often sourced, have been struggling to meet demand.Now, the purple drinks have crossed the pond: Starbucks and Costa both launched ube drinks in their UK stores last month

A picture

Rachel Roddy’s ‘high-ranking’ penne with potatoes, cabbage, butter and cheese – recipe

In December 2023, the magazine La Cucina Italiana ranked Italians’ favourite pasta shapes, according to data gathered by Unione Italiana Food (“the leading association in Italy for the direct representation of food product categories”). I love this sort of thing. According to the UIF, by processing NielsenIQ data (comprehensive market research, consumer intelligence and retail measurement), they identified the five most popular shapes from over 500, and examined how preferences vary in different regions.In first place was spaghetti, while penne came in second, with these two shapes – which also takes in thinner spaghettini, chunkier spaghettoni and both ridged and smooth penne – accounting for 78% of all pasta sold in Italy in 2023. The regional variations of three, four and five are as follows: in the north-west and north-east, fusilli, short pasta and mixed pasta for broth or minestra; in central Italy, short pasta, fusilli and rigatoni; in the south, mixed pasta for broth or minestra, short pasta and tortiglioni

A picture

How to turn old bread into a brilliant Italian cake – recipe | Waste not

Old sourdough is my secret ingredient. To stop it going mouldy, I take it out of any plastic packaging and keep it in the bread bin with plenty of airflow around it – that way, it will dry out slowly, rather than turning mouldy. Any odds and ends, meanwhile, I store in a cloth bag to use in various dishes, from pangrattato (or poor man’s parmesan) to strata, a savoury bread-and-butter pudding.My new favourite recipe discovery for using up stale bread is today’s torta paesana, or village cake, from Lombardy. The best way I can come up with to describe it is that it’s a bit like a firm baked custard

A picture

Roast chicken, cheesy scones and a genius cocktail: Ravinder Bhogal’s recipes for cooking with lime pickle

I’m obsessed with lime pickle. It’s savoury, sour, funky, spicy and full of bold personality that enlivens anything it’s smeared on. It’s made by salting and fermenting limes with chillies and spices for a fierce, flavour-packed condiment that’s traditionally eaten as a side to poppadoms or with simple dal and rice. Over the years, I have also folded it into grilled cheese toasties, marinades for fat prawns to barbecue in the summer or made compound butters with it to smother over sweet potatoes before roasting. It’s an instant flavour bomb and my pantry is never without a jar

A picture

Vegemite is recognised globally – but how many people know Milo was invented in Australia?

The chocolate malt powder is sold in more than 40 countries, and Australian cafe owners say there’s ‘jingoistic pride’ in serving it on their menusGet our weekend culture and lifestyle emailWhen I order the jumbo-sized Milo Godzilla at Ho Jiak in Sydney’s Haymarket, it arrives as advertised – it’s comically large. The Malaysian restaurant prepares the drink by swirling Milo powder with hot water, adding sweet drizzles of condensed milk then chilling the mix with ice. Scoops of ice-cream are added and extra choc-malt powder is showered on top. Served in a one-litre jug, it’s so big I can’t finish it solo: staff hand me three takeaway cups to transport the leftovers.Like many beloved Milo drinks, the Godzilla is native to south-east Asia

A picture

What can I do with leftover rice? | Kitchen aide

How do I store cooked rice safely, and what can I make with it the next day?Michael, by email“It’s a bit of a running joke with rice, because I think of all the people in China who aren’t spreading their leftover rice immediately on to a tray to cool and are still alive,” says Amy Poon, of Poon’s at Somerset House in London. “But I have to be responsible and say: cool the rice as quickly as possible, within the hour, and put it in an airtight container and pop it in the fridge [or freezer] straight away.” The reason being, as food science guru Harold McGee notes in his bible On Food & Cooking, “Raw rice almost always carries dormant spores of the bacterium Bacillus cereus, which produces powerful gastrointestinal toxins. The spores can tolerate high temperatures, and some survive cooking.” In short: good storage practices will prevent bacterial growth, not to mention open a whole world of dinner opportunities

A picture

José Pizarro’s recipe for nettle (or wild garlic) and goat’s cheese tortilla

When I was growing up in the small village of Talaván in Extremadura, Spain, we never ate nettles. They were wild plants that grew along the edges of the fields, and the sort you tried to avoid: like many children, I learned about them the hard way, brushing against them while playing and getting stung. It was only when I came to the UK that I first saw nettles used in cooking, which surprised me: suddenly, this wild plant had a place in the kitchen. Now, whenever I visit my mum, Isabel, I see them everywhere. It makes me smile to think that at this year’s Spring Garden at the Chelsea flower show, I will be cooking among a world of magnificent plants and gardens

A picture

Gone from shop shelves, but not forgotten | Letters

How lucky for Adrian Chiles that he didn’t live in the German Democratic Republic (Rose’s Lime Marmalade? Gone. Dark chocolate Bounty? No more. But what about their heartbroken fans?, 8 April). After reunification, there were street markets selling the last of products from the old days, and there was an exhibition in a national museum – memorably called “They’ve even taken our tomato ketchup” – lamenting the loss of many food products and other features of former times, such as children’s TV programmes.Derek JanesDuns, Scottish Borders Can Adrian Chiles tell me where to find Halls’ chocolate sour lemons? Maybe they stopped being made because they turned your tongue black, but they tasted great

A picture

Cornichon shortage leaves British sandwich shops in a pickle

With their sharp flavour and crunch, pickled cucumbers are an essential component of any sandwich worth its salt.But an unexpected shortage of cornichons has caused consternation in sandwich shops across the country as cafes scramble to get their hands on jars of the small green pickles.A favourite sandwich of hungry office workers is the simple jambon beurre. A staple across the Channel, the French sandwich contains ham, a generous amount of butter, and, crucially, a sharp, crunchy cornichon to cut through the fat.Sandwich chain Pret a Manger brought it to popularity in the UK, and a jambon beurre retails for about £4 in its shops

A picture

Rukmini Iyer’s quick and easy recipe for chilli eggs with miso beans and spinach | Quick and easy

My go-to cheat ingredient for a dash of heat is White Mausu’s peanut rāyu – it has a gentler flavour profile than, say, Lao Gan Ma crispy chilli in oil, and works perfectly in this dish of creamy, lemon-spiked beans and eggs. I recommend using jarred white beans for the speediest cook time. For an easy, get-ahead breakfast, make and chill the spinach and beans the night before, then reheat the next morning and crack in the eggs when the beans are piping hot.Prep 10 min Cook 20 min Serves 2-32 tbsp neutral oil 2 onions, peeled and roughly sliced2 garlic cloves, peeled and finely grated200g baby spinach, roughly chopped570g jar white haricot or butter beans, drained and rinsed (400g net)2 heaped tsp red miso paste (white will work, too) 150ml single cream Juice of ½ lemonSalt (optional)2 eggs 2-3 tbsp White Mausu peanut rāyu, to tastePut the oil in a large, heavy-based saucepan on a medium heat, then add the onions and stir-fry for five minutes, until just colouring around the edges. Stir in the garlic, turn down the heat to low, then partly cover the pan and cook for five minutes, to soften

A picture

The US small town coffee shop that created a viral drink: ‘I still don’t understand how it went so far’

A viral coffee drink created by a little college town coffee shop on the outskirts of Minneapolis is now making its way around the world after its inventors decided to give the recipe away for free.After Little Joy Coffee’s raspberry danish latte, a spring seasonal drink, went viral in March, the shop’s owners decided to encourage coffee shops to rip off the recipe directly and add it to their menus.Posting both a home recipe and step-by-step instructions for coffee shops, they asked shops if they wanted to be added to a map of places that will serve the raspberry danish latte. Hundreds of shops quickly signed up. A map of the shops shows a presence on every continent except Antarctica, with pins in dozens of countries