Finance

Foreign Secretary Yvette Cooper has said “a critical diplomatic moment” is approaching as the end of a two-week US-Iran ceasefire draws near.

Two reports from top accounting firms suggest the economy is on the brink as gas and oil prices surge following Tehran’s blockade on the Strait of Hormuz.

Downing Street is striving to secure agreements on steel and electric cars with the EU as it aims to strengthen the post-Brexit economic relationship.

Nutella maker Ferrero has been raided by EU officials as part of an investigation into possible uncompetitive practices.

Rachel Reeves’ flagship wealth fund has announced a new round of financing for Rolls-Royce SMR following its partnership with Ed Miliband’s state-owned energy company.

Apple UK racked up just shy of £5bn in turnover last year, as strong iPhone demand helped power growth across its British operations, according to newly filed accounts.

More than 20,000 students have been informed they must repay university maintenance loans and grants after reportedly receiving them in error.

Britain has finalized a U.S.-UK pharmaceutical trade deal, granting tariff-free access for UK-made medicines to the United States in exchange for paying higher prices for new U.S. medicines.

A prominent private credit investment firm, Blue Owl Capital, has set a limit on withdrawals after investors attempted to withdraw $5.4 billion from two major funds, highlighting the latest indication of diminishing confidence in the unregulated lending market.

Petrol stations across Scotland have been forced to close today after running out of fuel ahead of the Easter weekend amid soaring prices.

According to estimates from Oxfam, the global super-rich may have as much as $3.55 trillion hidden from tax authorities.

Compensation payouts are due on around 12.1 million unfair motor finance deals, at an average of £829 each, the financial watchdog has said as it unveiled the final plans for its redress scheme.

MPs and benefit claimants are to receive bumper payments this week to help cushion them from the cost-of-living crisis.

Mastercard is exploring the sale of the real-time payments business it acquired from Denmark’s Nets Group in 2019 for approximately $3.2 billion, effectively unwinding one of its largest acquisitions to date.

Lloyds Banking Group is gearing up for a lawsuit from more than 30,000 consumers who claim to have been mis-sold car loans, in a sign that they believe that the regulator’s long-awaited redress scheme will favour large banks.

Next week, filling up an average-sized family car is likely to cost £100, writes Giles Sheldrick.

The boss of National Savings and Investments has been dismissed over a series of errors regarding payouts and its bereavement services.

The government has been accused of ‘blowing their money’ on ‘lifestyle perks’ after they spent more than £550,000 on meditation apps for civil servants since Covid.

Banking group Close Brothers will slash roughly 600 jobs in the UK and Ireland over the next 18 months to cut down on annual costs by £85 million.

Welsh Water is set to pay a proposed £44.7 million after the industry regulator found “serious and unacceptable” breaches in the supplier’s sewage and network services.

Europe’s largest automaker, Volkswagen, is set to shed 50,000 jobs by the end of the decade, as it faces declining sales in China and North America and punitive US tariffs imposed by Donald Trump.

It comes after Daily Mail and General Trust had previously agreed to buy the Telegraph last year.