business

More than £4bn has been wiped off the value of Tesco, Sainsbury’s and Marks & Spencer stock since Friday amid fears that rival Asda will step up the grocery price war. Tesco, the UK’s biggest supermarket, took the biggest hit as its share price fell more than 12% on Monday, while second-place Sainsbury’s was down … Read more

The EU’s foreign policy chief, Kaja Kallas, expressed disappointment over US funding cuts to Radio Free Europe and said the EU could not automatically fill the gap. The US Agency for Global Media stopped grants over the weekend to Radio Free Europe/Radio Liberty (RFE/RL), which was founded during the cold war and broadcasts to 23 … Read more

Staff cuts and a freeze on international collaborations at a leading US science agency will have a “chilling effect” on climate science and may “severely degrade” Australia’s ability to accurately forecast the weather, scientists have warned. The Trump administration fired 880 workers at the US National Oceanic and Atmospheric Administration (Noaa) on 27 February, and … Read more

Another day, another trip to Downing Street for the nation’s regulatory chiefs as the chancellor attempts (again) to “kickstart” growth and chop back red tape. A novelty this time was the suggestion that the Competition and Markets Authority would be told to restrict the number, or at least the type, of deals it investigates. There … Read more

The US defense department webpage celebrating a Black Medal of Honor recipient which was found to be no longer operational and had the letters “DEI” added to the site’s address has been restored – and the letters scrubbed – after an outcry. On Saturday, the Guardian reported that US army Maj Gen Charles Calvin Rogers’s … Read more

Regulators will face twice-yearly performance reviews from ministers, aimed at forcing them to be more growth-friendly, as the chancellor warned that “too much bureaucracy” is holding back the economy. Rachel Reeves met financial, environmental and health regulators in Downing Street on Monday and urged them to continue to streamline their approach, to make it more … Read more

The White House has denied allegations that it engaged in a “a blatant violation” of a judge’s order by deporting about 250 Venezuelan alleged gang members to El Salvador on Saturday, with the judge scheduling a hearing for Monday afternoon to demand an explanation. On Saturday, the US district judge James E Boasberg issued an … Read more

Clean up efforts have started in several US states which endured destructive storms that killed more than 40 people over the weekend. The massive storm system in question swept across at least eight states in the south and midwest over the weekend, with multiple tornadoes, wildfires and dust storms hunkering down on the region, destroying … Read more

Lithuanian prosecutors have blamed the Russian military intelligence service for being behind an arson attack on an Ikea store in Vilnius last year, calling it “an act of terrorism”. Lithuania, a Nato member, has been a staunch ally of Kyiv since Moscow invaded Ukraine in February 2022, and has frequently warned of Russian sabotage attempts. … Read more

A TikTok star who died after consuming a poisonous substance she bought online told an NHS support worker about the purchase a month before her death, an inquest has heard. Imogen Nunn took a poisonous substance and died in Brighton, East Sussex, on New Year’s Day 2023. The 25-year-old, who was deaf, raised awareness of … Read more