News

We’ve teamed up with the BBC to bring you the very latest business and finance news as it happens.

• UK economy shrank unexpectedly by 0.1% in October

  The impact of the JLR cyber-attack continued to affect output, while analysts say spending was hit by Budget uncertainty.

• Nationwide fined £44m for 'ineffective' crime controls

  The building society failed to monitor its customers' activity effectively between 2016 and 2021, the regulator says.

• Lululemon boss to step down early next year

  Calvin McDonald's decision to leave at the end of January comes amid a run of poor sales for the firm in the US.

• Venezuela says Trump wants its oil. But is that the case?

  The South American nation's output has plummeted and restoring its former glory would be a heavy lift.

• Gatwick Airport drop-off charge rises to £10

  Drop-off fees will rise from £7 to £10 at the West Sussex airport from 6 January.

• 'It's amazing' – the wonder material very few can make

  Just a handful of companies can make cadmium zinc telluride, a material with powerful properties.

• 'It's ruined my life': Flat-owner says building work by freeholder has left her homeless

  A botched roof extension caused the ceiling to collapse at Kate Morris’s top-floor flat.

• Inquiry into role of Budget watchdog launched by MPs

  It comes after intense scrutiny of the Office for Budget Responsibility in the run-up to the Budget.

• 'No empty shelves at Christmas' as Guinness workers strike

  About 90 workers at a Guinness canning factory in Belfast have walked out in protest over pay.

• Google asks UK experts to find uses for its powerful quantum tech

  UK researchers will get a chance to develop applications for the tech giant's quantum processor.

• Trump signs order to block states from enforcing own AI rules

  California's governor Gavin Newsom issued a strongly-worded statement in response to the executive order.

• Crypto fraudster sentenced for 'epic' $40bn stablecoin crash

  In August, Do Kwon pleaded guilty to conspiracy to defraud and wire fraud and apologised for his actions.

• Banks to tell you where you might invest your money

  Targeted support will allow banks and financial firms to make suggestions on how to handle savings.

• UK pharma boss says US is the best country to invest in

  In an interview with the BBC, Dame Emma Walmsley says she will not "shy away" from GSK's US expansion.

• Workers' rights bill standoff continues after Lords defeat

  It comes after ministers struck a deal between businesses and unions aimed at allowing the bill to progress.

• Shares in AI giant Oracle fall after revenue results ramp up bubble fears

  The cloud computing giant's revenue miss renews questions about its financial health.

• Ex-Abercrombie & Fitch CEO fit to stand trial, prison officials say

  Mike Jeffries, who was ruled "mentally incompetent" by a court, is now competent to stand trial, medical experts declare after a forensic evaluation.

• The Swiss city that lets you pay for most things with bitcoin

  Shops, restaurants and even the local council in Lugano now accept the cryptocurrency.

• 'Architects of AI' named Time Magazine's Person of the Year

  Nvidia boss Jensen Huang is among the influential tech figures that adorn one of the two covers.

• Mexico approves up to 50% tariffs on China and other countries

  The levies are set to take effect on 1 January and will apply to goods like cars, clothing and appliances.