business

Vivian Jenna Wilson, Elon Musk’s eldest child, has spoken out publicly about her father, saying that Musk “definitely [did] a Nazi salute” at two rallies in January and that he is part of a White House that’s “cartoonishly evil”. In a new interview with Teen Vogue, her second interview with the media since she publicly … Read more

Protesters have disrupted a House of Lords session commemorating the 80th anniversary of VE Day with calls for the abolition of the upper chamber. About six people in the Lords public gallery interrupted the culture minister, Lady Twycross, shouting “Lords out, people in”. They threw leaflets into the chamber reading: “Never mind the Lords, here’s … Read more

Coles and Woolworths increased prices during a cost-of-living crisis to boost profits and used promotions that made it hard to judge a good shopping deal, the competition regulator concluded in a major report investigating the sector. The Australian Competition and Consumer Commission (ACCC) also found the big chains, along with discount rival Aldi, are among … Read more

The education secretary, Linda McMahon, presented sweeping reductions at the US Department of Education as an efficiency drive, hailing firings and funding cuts as a “significant step toward restoring the greatness” of the country’s schools system. Staff inside the department disagree. The Trump administration has axed many research programs which have yet to be completed, … Read more

Herbert Smith Freehills, the elite global law firm based in London, has been fined by the British government after its former Moscow office made millions of pounds in payments to sanctioned Russian banks. The Office of Financial Sanctions Implementation (OFSI), said it had imposed a penalty of £465,000 on HSF Moscow, which was a subsidiary … Read more

Nuclear whistleblowers who try to draw attention to cultural and safety issues face bullying, MPs have warned. Members of parliament’s public accounts committee have said they are concerned about the way people who raise concerns around culture and safety on nuclear sites are treated. “There is generally a problem with whistleblowing and a safety culture,” … Read more

M23 rebels have captured a strategic mining hub in eastern Democratic Republic of the Congo, defying calls from the presidents of Rwanda and the DRC for an immediate ceasefire. A Congolese army spokesman said M23 was in control of the town of Walikale. An officer separately told Agence France-Presse its forces were around 20 miles … Read more

The London Metal Exchange has been fined £9.2m by the City watchdog for mishandling the nickel market chaos in 2022, marking the regulator’s first penalty against a top investment exchange. The Financial Conduct Authority investigation showed that the LME was unprepared for the “serious risks” that emerged in March that year, when Russia’s invasion of … Read more

Regional tensions over the South China Sea have tanked the sales of a popular children’s doll in Vietnam after it was put under investigation and accused of being unpatriotic because a design marking appeared to resemble China’s “nine-dash line”. The Baby Three doll is Chinese-made and had reportedly been hugely popular among children and Gen … Read more

A woman who was killed when a van mounted a pavement in Aldwych in central London has been named as 20-year-old Aalia Mahomed. She was pronounced dead at the scene near King’s College London at about noon on Tuesday morning. In a statement issued through the Metropolitan police, her family described her as a “bright, … Read more