UK holidaymakers told to fly with hand luggage only to reduce airport queues

GMB union says passengers should consider not checking bags into hold amid shortages of ground and air staff

Holidaymakers facing long queues at UK airports amid shortages of ground and air staff have been told they should travel with only hand luggage to minimise the disruption.

GMB, one of the unions that represents aviation workers, said passengers should consider taking a small bag and not checking anything into the hold, as the country’s travel hubs battle delays and cancellations amid a surge in half-term demand.

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Klarna criticised for chaotic handling of job cuts

UK employees said they were ‘blindsided’ by the Swedish firm’s announcement

Sacked staff have criticised the buy now pay later firm Klarna for its chaotic handling of job cuts, including in the UK, and questioned the chief executive’s decision to publicise a list of fired staff who are now scrambling for work.

UK employees affected by the cuts told the Guardian they felt “blindsided” by the Swedish firm’s announcement last week, when its co-founder and boss Sebastian Siemiatkowski revealed it would be cutting more than 700 of its 7,000-plus global staff, including some hired just weeks earlier.

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‘World of pain’: warnings of gas shortages amid soaring power prices add to Australia’s energy woes

Aemo has identified a possible shortfall of gas supplies on Thursday in Victoria, SA and Tasmania amid ongoing burst of cold weather

Australia’s energy woes are mounting with the market operator warning of potential gas supply shortages on Thursday, one of the largest generators issuing a profit warning and more retailers turning away customers as wholesale power prices soar.

Just hours after new treasurer, Jim Chalmers, warned of “this perfect storm of energy price spikes … doing enormous damage to our employers, to our households, and to our national economy,” spot power prices were soaring towards $1,000 per megawatt hour in most of the east coast grid after an alert – now cancelled – that Victoria was facing evening reserve shortages.

More concerning, though, was a separate warning by the Australian Energy Market Operator (Aemo) that it had identified a possible shortfall of gas supplies in Victoria, South Australia and Tasmania on Thursday amid an ongoing burst of cold weather.

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Julia Gillard says Covid-led shift to remote working could render some female employees ‘invisible’

Former PM joins panel discussion of pandemic’s effect on workplace gender equality and urges bosses not to overlook women

Former prime minister Julia Gillard says women risk becoming “invisible behind the screen” during the Covid-led transition to remote working and has urged bosses to ensure female employees working from home aren’t overlooked for promotion.

Australia’s first female prime minister on Wednesday also welcomed the record number of women in Anthony Albanese’s cabinet, calling it “very important” as the Labor ministry was sworn in.

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Russia cuts gas supplies to Netherlands and firms in Denmark and Germany

Gazprom raises stakes in sanctions war after EU move to embargo most Russian oil imports and companies miss deadline to pay in roubles

Russia has further cut off gas supplies to Europe, after state energy giant Gazprom turned off the taps to a top Dutch trader and halted flows to some companies in Denmark and Germany.

The intensification of the economic battle on Tuesday over Russia’s invasion of Ukraine follows the EU’s overnight decision to place an embargo on most Russian oil imports as part of its financial sanctions against the Kremlin.

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Consumer groups urge Asic to mount full investigation into collapsed funeral fund Youpla

Letter from Save Sorry Business coalition also asks that regulator continue misleading and deceptive conduct case against company in federal court

Consumer groups have written to the corporate regulator, asking it to mount a full investigation into whether civil or criminal action can be pursued against people involved in Youpla, a funeral insurance group that has collapsed leaving at least 13,000 Indigenous people without coverage.

In a letter to the chair of the Australian Securities and Investments Commission, Joe Longo, the groups also ask that the regulator continue a court case against Youpla, alleging it engaged in misleading and deceptive conduct, even though the group has collapsed.

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Shanghai’s full Covid lockdown ends after two months

City of 25 million people emerges from prolonged isolation under ruthlessly enforced restrictions

Shanghai has lifted a painful two-month lockdown, to the relief of the city’s 25 million residents, with authorities dismantling fences around housing compounds and ripping police tape off public squares and buildings.

Most residents have spent the past two months under a ruthlessly enforced lockdown that has caused income losses, stress and despair for millions struggling to access food or emergency healthcare.

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Andrea Leadsom condemns Boris Johnson’s ‘unacceptable failings of leadership’ – UK politics live

Latest updates: former minister says she agrees with Sue Gray report that is was ‘extremely unlikely senior leaders were unaware of what was going on’

Bob Neill, Conservative chairman of the Justice Select Committee spoke of Sue Gray’s “very, very strong condemnation of a failure in leadership both on the civil service side and on the political side”.

The MP for Bromley and Chislehurst told Times Radio:

Now I’m surprised frankly that some senior civil servants in Downing Street are still in post after what was found, but ultimately the political leadership, I’m afraid, stops with the Prime Minister and the accountability to the public stops with the Prime Minister.

That requires, I think, a fresh momentum and it requires real drive and I don’t think that the situation that unfortunately has happened in Number 10 leaves the prime minister able to take that initiative.

In the long term, charisma which the prime minister has and energy which he’s shown isn’t always enough. There has I think also to be a sense of seriousness of purpose and of responsibility and I think the British people are going to expect that particularly as we are facing some very tough times over the next couple of years. To do that I think we have to get the tone right and optimism has its place, but also seriousness and self discipline and restraint has its place too.

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Bespoke glove makers Chester Jefferies to close

Young people lack interest in working at Dorset-based factory on ‘old fashioned craft’ says founder’s son

For over 85 years, Chester Jefferies has made gloves fit for a Queen. But now, the company that once supplied the royal family is closing down, with its owner saying many young people lack the interest or patience to take on the “old-fashioned craft”.

Mark Pearce, who has worked at Chester Jefferies glove makers in Gillingham, Dorset, since he was 14, alongside his father who founded the company, predicted that the bespoke industry could cease to exist in Britain within 10 years.

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Unilever shares rise as billionaire investor Nelson Peltz joins board

Hedge fund boss – whose daughter married Brooklyn Beckham – holds 1.5% stake in Unilever

Unilever’s share price has risen after the consumer goods company announced that the billionaire activist investor Nelson Peltz is to become a board member.

Peltz, the US founder and chief executive of Trian Fund Management, has been building his Unilever stake since January amid growing speculation that he will push the Dove soap and Marmite manufacturer to shake up its sprawling operations, with the company under increasing pressure to sell off brands or consider a break-up.

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Hinkley Point B owner says it will not extend life of nuclear plant

EDF Energy tells staff reactors will be shut down in summer despite concerns of blackouts later this year

The owner of one of the UK’s six nuclear power plants has said it will not extend its life beyond a planned shutdown in summer, despite officials raising concerns over the danger of blackouts in the months that follow.

The French-owned EDF Energy sent a memo to staff on Monday in which it said it would not postpone the closure of the two reactors at Hinkley Point B in Somerset, which are scheduled to be shut down on 8 July and 1 August.

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‘Complex and volatile’: cryptocurrencies should be regulated by financial watchdogs, say consumer advocates

Treasury inquiry told ‘crypto is high-risk and unsophisticated investors are at high risk of losing significant funds’

Consumer groups have called for strong financial regulation of cryptocurrency markets and investments in Australia, saying crypto assets are “complex, volatile and high-risk products that can cause harm to Australian consumers.”

In a submission to the federal treasury’s consultation paper on cryptocurrency, consumer group Choice has urged the federal government to “strongly consider regulating all crypto assets under the existing financial product regulatory regime for better outcomes for consumers and the community”.

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Could a cartel of large energy consumers cut oil and gas prices?

Italy’s PM Mario Draghi suggests big consumers club together to limit how much is paid and raises idea of EU gas price cap

Energy prices are skyrocketing as the world confronts the economic ramifications of Russia’s invasion of Ukraine, supply chain bottlenecks and the lingering effects of Covid-19 lockdowns. But Italy’s prime minister, Mario Draghi, has a plan.

The celebrated former European Central Bank president recently broached the idea of creating a “cartel” of oil consumers at a meeting with Joe Biden. Just as the biggest oil-producing nations club together through Opec to agree annual oil production quotas, Draghi has suggested big energy consumers join forces to increase their bargaining power.

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AGL’s coal implosion shows what a disorderly transition to clean energy looks like

What happens from here is unclear, but the company’s turmoil can’t be divorced from the Coalition’s policy failures

The spectacular implosion at AGL Energy, Australia’s biggest corporate greenhouse gas polluter, has been years in the making and should have ramifications across Australia’s political and business classes.

The short story is that this is what a disorderly transition to a clean economy looks like – the kind that we have long been warned will happen if governments don’t plan for the future.

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‘Same nightmare week after week’: UK firms fed up with post-Brexit EU trade

Exporters fear Northern Ireland protocol row will spur trade war with Brussels, making an already difficult job even harder

Mark Brearley is still frustrated by Brexit. More than a year from Britain’s formal withdrawal from the EU, on terms agreed by Boris Johnson’s government, exporting the goods his company produces hasn’t got any easier for the London-based manufacturer.

Describing it as “the same nightmare week after week”, he says: “A lot more time is spent with things going wrong. The EU really feels like the hardest place in the world to ship things to sometimes.”

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Most small firms fear long-term fallout from UK’s cost of living crisis

Half worry rocketing prices will cut spending, while three in four fear long-term damage to businesses

Three-quarters of small and medium-sized companies are worried about the long-term impact the cost of living crisis, soaring energy bills and rising inflation will have on their business, a survey has found.

Just over half (51%) of SMEs said they were concerned that rocketing prices would dent consumer spending, in response to Barclays’ SME Barometer, a quarterly survey of business sentiment conducted for the bank.

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Holidaymakers face queues, cancellations and delays

Rebounding demand and a string of last-minute flight cancellations have compounded half-term travel woes

Holidaymakers are facing flight cancellations and the prospect of delays on the road as half-term starts and the UK gears up for an extended bank holiday weekend.

The June half-term traditionally heralds the start of the summer tourist season, and this year comes amid rebounding consumer demand for leisure breaks following the relaxation of UK Covid travel restrictions.

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Loophole could let North Sea oil and gas giants slash UK windfall tax bill

Critics warn chancellor Rishi Sunak will raise only a fraction of planned £5bn if firms offset new investment against profits

North Sea oil and gas companies that already benefit from huge tax breaks could use fresh rules to slash how much they pay under a new windfall tax announced by Rishi Sunak as part of his £15bn cost of living package, according to a thinktank.

The chancellor risks raising a fraction of the £5bn he expects from the complex scheme – which allows the cost of new investments to be offset against profits – should oil and gas companies take the opportunity to dramatically reduce their contribution to the exchequer, said the left of centre Common Wealth.

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Australian company to ship baby formula to shortage-hit US

Joe Biden welcomes ‘good news’ as Bubs Australia increases production and reassures local customers

An Australian company is planning to ship at least 1.25m cans of its baby formula to the US to help ease a nationwide shortage.

The US Food and Drug Administration said some of it was now in stock for transport and more would be produced by Bubs Australia in the coming weeks and months.

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‘Free meals for homeless’ cafe in London’s East End at risk as donations dry up

The Canvas’s founder says takings were so low as cost of living crisis bites she thought tills were broken

The founder of a London social enterprise that gives free meals to refugees and the homeless has said it is at risk of closure because the cost of living crisis has led to a collapse in sales and donations.

Ruth Rogers, the founder of The Canvas in the East End of London, said there had been a dramatic collapse in trade in its cafe in recent weeks, with takings so low that one day she thought its tills were broken.

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