FCC chair suggests agency is not independent amid fears of Trump power grab Brendan Carr’s declaration raises concerns amid Trump efforts to exert greater control over independent agencies
UK government plays down reports of plan to bring EV sales target review forward Though minister had said ZEV mandate review would be completed ‘quickly as we can’, government confirms it won’t be published until 2027
Ineos chemicals plant is saved. But what is the strategy for the rest of heavy industry? Argument for ensuring ethylene production at Grangemouth is strong, yet policymaking on deindustrialisation is disjointed
What action is Trump taking against Venezuela’s oil industry? The US president wants a blockade of oil tankers under sanctions to stop them entering and leaving Venezuela
Reeves defends Grangemouth intervention; Warner Bros urges investors to reject $108bn Paramount bid – as it happened UK inflation falls more than expected to 3.2% cementing expectations of interest rate cut tomorrow; oil prices jump after Trump orders Venezuela blockade
Falling sales at Stella McCartney fuel fears over fashion label’s future Directors blame ‘challenging market conditions’ as losses widen from £25m in 2024 to £33m
The stats don’t lie. Australia’s tax system is designed to benefit the wealthiest and the rest of us pay for it Many progressives protest that they are not rich, despite being on a very good wicket. They always reel off their CV of working-class roots
Trump’s tariffs are choking small US manufacturers – even those making music magic EarthQuaker Devices has served Smashing Pumpkins, PJ Harvey and Radiohead but says tariffs add costs up to 30%
Warner Bros Discovery urges shareholders to reject Paramount’s $108.4bn takeover bid After WBD accused Paramount of misleading investors, the network assured it had ‘all necessary financing’ for the deal
‘It’s shattered our family’: how illicit offshore bookies exploit struggling gamblers who are trying to quit International network appears designed to profit from gamblers who have signed up with UK self-exclusion scheme GamStop
Amazon in talks to invest $10bn in developer of ChatGPT OpenAI seeking to strike latest deal in its efforts to pay for huge spending on datacentres
Paddy Power and Betfair to pay £2m settlement after failing to protect users Failings included allowing customer to place £20,000 in bets across eight-hour session, Gambling Commission finds
Warner Bros reportedly poised to reject Paramount’s $108bn hostile takeover bid Decision will pave the way for Netflix to proceed with buyout of film and TV group
Inflation drop makes Bank of England early Christmas present to Reeves almost a certainty Monetary policy committee, cautious in recent months, expected to respond with cut in interest rates
UK inflation falls sharply to 3.2% amid slowdown in food price rises Drop in November annual rate adds to case for Bank of England cut to interest rates on Thursday