Category Archives: Business

NSW lifts drone ban over Sydney beach after shark attack – as it happened

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The Senate will deliver its report from the NDIS inquiry on Tuesday. Butler doesn’t directly answer a question about whether or not he is willing to make any significant changes to the legislation the government has put forward.

He says:

Look, the direction of travel I think is an important one for us to follow through. This largely reflects reviews and insights that we’ve gathered over the last three years since the independent review was done of the NDIS in 2023 and endorsed by all governments at national Cabinet later that year.

I’m utterly convinced this is the right plan for the NDIS… I’m not saying there won’t be any change. We heard ideas from the crossbench in the debate in the House of Representatives. I’ve very much heard that people want greater reassurance about what won’t change because of the reforms we’re putting in place.

We have to constrain that growth. Without reforms it would grow to $20 billion by the end of the decade and that’s simply not a sustainable position.

It’s also allowed us, as I said, to protect the core supports people rely upon for that safety that was part of your introduction.

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How doing a wash while you watch the World Cup at 2am could cut energy bills

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Change in viewing habits offered by match times at 2026 tournament could mean using cheaper off-peak power

Watching late-night or early hours football could provide UK households with a practical opportunity to cut their energy bills, as even just doing the washing when cheaper electricity rates apply can net a decent saving.

At a time when energy costs are back at worrying highs, research by E.ON Next shows the potential to save money on a time-of-use tariff – in this case, its Next Smart Saver deal, which has three rates: peak, off-peak and super off-peak.

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Jessie J’s triumphant return puts lucrative Chinese market in spotlight

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Other western acts have attempted to crack country’s music scene since singer’s breakout success in 2018

One week after announcing she was “cancer free”, the British pop star Jessie J did what any recovering patient would do and travelled thousands of miles around the world to perform for an audience of more than a billion people.

On 29 May, the singer-songwriter, whose real name is Jessica Cornish, belted out a stage-rattling rendition of Frank Sinatra’s My Way on the stage of Singer, a hugely popular Chinese singing competition similar to The Voice. She also performed her new song, California, briefly adapting the lyrics to change California to Changsha, the Chinese city where Singer is hosted.

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Oil prices plummet as Trump claims he is close to US-Iran deal

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Brent crude falls as optimism rises that strait of Hormuz could reopen over the weekend

Global oil prices fell on Friday to lows not seen since the first week of the Iran crisis after Donald Trump claimed he was close to reaching a peace deal with Tehran.

The price of Brent crude began to tumble from about $93 a barrel in overnight trade after the US president called off further military strikes against Iran scheduled for the evening.

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Can Starmer’s late-night World Cup openings help Britain’s struggling pubs?

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While venues could stay open until 2am, rising costs remain a far bigger concern for many landlords

Picture the scene: it’s 1am on a sultry July night and Jude Bellingham has just scored the decisive penalty to send England into the World Cup semi-final. Cue wild celebrations among millions of pub goers, fuelled by the realisation that there is still an hour until closing time.

Keir Starmer may have imagined a national morale-boosting spectacle such as this when his government told hospitality venues that they could stay open until 2am on some World Cup match days.

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Record number of young people fear long-term unemployment

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Report says confidence among 16- to 21-year-olds has fallen sharply as they doubt hard work will be rewarded

Young people in England are increasingly “losing faith in their futures” according to a report, as record numbers fear long-term unemployment.

Analysing survey data, including from the Office for National Statistics, the Institute for Public Policy Research (IPPR) said 16- to 21-year-olds were less confident about being successful than a decade ago.

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ECB raises eurozone interest rates as Iran war stokes inflation

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European Central Bank increases main deposit rate to 2.25%, with two further rises expected by next spring

The European Central Bank has raised interest rates for the first time since 2023 in response to higher inflation caused by the war in Iran.

The ECB raised its main deposit rate from 2% to 2.25% in a move that financial markets expect to be the first of three rises by next spring.

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Ryanair investigated over charging parents to sit with their children

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Budget airline describes inquiry as ‘bogus’ as watchdog says it is only large carrier flying from UK to impose charge

Europe’s biggest low-cost airline, Ryanair, is facing an investigation over the mandatory fee it charges a parent to sit with their child.

The Competition and Markets Authority (CMA) said the Irish carrier’s terms and conditions require at least one parent to sit with their children, including those with disabilities, and bills them about £8 a flight to do so.

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Home Office contractor investigates claims of staff racism and hate speech

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Whistleblowers from Mitie allege some employees have made offensive remarks or liked abusive social media posts

One of the government’s key contractors has launched an investigation into allegations of racism, antisemitism, Islamophobia and hate speech among staff working in immigration removal centres, the Guardian has learned.

Whistleblowers from the company, Mitie, have alleged that some staff members working in immigration removal centres and deporting migrants have made offensive comments at work and in social media posts.

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WH Smith raises £100m as it warns on profits due to Iran war

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Retailer plans to shut unprofitable stores as falling US airport traffic due to Middle East conflict hits trading

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WH Smith has issued a profit warning after shopper numbers at its stores in US airports fell as a result of the war in the Middle East, prompting the company to raise fresh capital from investors.

The retailer, which operates 1,200 outlets globally in airports, railway stations and hospitals, raised £102m through a share sale on Wednesday to strengthen its balance sheet, pay down debt, invest in technology and shut down unprofitable stores after “a downturn in trading conditions”.

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Weight-loss drug users save more than £400 a year on food as take-up triples

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Research suggests households that include a GLP-1 user collectively spent £780m less on grocery bills

Weight-loss drugs are saving users’ households more than £400 a year on grocery bills, according to a survey, which found use of GLP-1s has nearly tripled in the past two years to 1.9 million adults.

More than 6.3% of households in Great Britain now include at least one GLP-1 user, according to the research by Worldpanel by Numerator. This marks a sharp rise from 4.1% of households in 2025 and 2.3% in 2024.

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Global brands ‘likely’ using mineral that funds rebels accused of atrocities in DRC, investigation finds

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Amazon and Sony among firms that may have sourced coltan, used in phones, from supply chains controlled by the M23 rebels, says Global Witness

Leading global brands including Amazon, Ericsson and Sony are “likely” to have sourced minerals linked to a militia accused of widespread sexual violence, summary executions and torture, a new investigation claims.

The companies allegedly, but unknowingly, acquired coltan smuggled from mines in the Democratic Republic of the Congo (DRC) that are occupied by the M23 militia, which has committed myriad atrocities in eastern DRC.

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US stadium and hotel workers threaten strikes ‘to make things fair’ during World Cup

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Low wages and fears of ICE crackdowns have set workers on edge of strike as thousands set to arrive during World Cup

Hospitality and food service workers in several US cities hosting World Cup games are warning of looming labor disputes and possible strikes as the largest single sport tournament in the world gets ready to kick off on 11 June.

In Los Angeles, California, cashiers, dishwashers, cooks, bartenders, concessions workers and food attendants at the SoFi stadium reached a tentative agreement on Tuesday afternoon, but the union noted it has a contractual right to walk off the job if it determines that federal immigration enforcement is threatening worker safety during the World Cup. The US’s opening match, against Paraguay, is scheduled to take place at SoFi Stadium on 12 June.

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EU quota system ‘could kill Ukrainian steel industry’, boss says

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Protectionist measures will deal blow to country’s budget as it defends itself against Russia, says Metinvest chief

New EU limits on steel imports could destroy Ukraine’s industry and deal a big blow to the country’s budget as it defends itself against Russia, according to the head of its biggest steelmaker.

Yuriy Ryzhenkov, the chief executive of Metinvest, said the new EU quota system due on 1 July could “kill the Ukrainian steel industry”.

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Unions attack ‘year-long delay’ for Tata Steel furnace’s grid connection in south Wales

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Government urged to help speed up vital industrial project amid growing alarm over National Grid delays

Trade unions have called for the government to intervene to speed up Tata Steel’s connection to the electricity grid in south Wales, after the company said its new furnace would be delayed by up to a year.

Tata Steel last month told investors that National Grid had said it would face a six- to eight-month delay. That could stretch to 12 months amid unexpected engineering difficulties.

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‘Poisoned’ AI: the ChatGPT shopping scams that lead to fake websites

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Buyers are ripped off after assuming online stores were genuine because they are recommended by an AI tool

You want to buy a new bag and so you ask ChatGPT for help. You have always liked Russell & Bromley so you ask ChatGPT what is popular there at the moment.

The artificial intelligence (AI) assistant gives you cross body, shoulder, casual and formal options with the prices listed beside them. You click through from the sources to what looks like the official Russell & Bromley site and buy your new bag, which is conveniently on sale.

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‘Immediate national priority’: ministers accused of complacency over UK food supply

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Cold storage and logistics body warns food supplies at risk from fuel shortages, cyber attacks and extreme weather

Ministers have been accused of being complacent about the risks to vital supplies of food into the UK amid concerns over fuel shortages, cyber attacks and extreme weather.

The trade body for cold storage and logistics has urged the government to make potential disruption to the UK’s food system an “immediate national priority”.

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‘Historic’: Canadian warehouse workers sign first-ever union deal with Walmart

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Union says collective agreement is just the start of a broader fight to unionize major employers across the country

Canadian warehouse workers have signed the first-ever collective agreement with Walmart, a breakthrough labour organizers are calling a “historic and powerful step”.

But the union says the deal with a corporation long hostile to organized labour is only an opening salvo in a broader fight to unionize major employers across the country.

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Thames Water should be nationalised, says Andy Burnham

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Exclusive: Labour’s Makerfield byelection candidate advocates public ownership of water companies as he prepares for potential leadership bid

Thames Water should be nationalised, Andy Burnham has said, revealing public ownership of water companies would “absolutely be an option” under his potential leadership of the Labour party.

Burnham, Labour’s candidate in the Makerfield byelection, has previously called for “greater public control” over the companies. In an interview with the Guardian, he has confirmed this could mean nationalisation.

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More than a quarter of UK musicians lost all EU work since 2021, report finds

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Average tour earnings down 45%, with nearly three-fifths of musicians saying touring in Europe is no longer viable

More than a quarter of British musicians have lost all their work in the European Union since 2021, according to new research.

The report by European Movement UK, a cross-party campaign group advocating closer UK-EU relations, found that nearly half of British musicians had experienced a reduced amount of work in the EU since 2021, while more than a quarter had stopped working there altogether.

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