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Company reported loss of £125m after cyber-security attack hit sales and claims of ‘toxic’ culture Business live – latest updatesThe Co-op Group has announced that its boss will step down this weekend after a difficult year that included a cyber-attack and recent claims of a “toxic” culture at the business.Shirine Khoury-Haq will step down as chief executive on 29 March, with Kate Allum, a board member and former boss of dairy group First Milk, stepping in as interim boss while a permanent replacement is found. Continue reading...

Government-backed bank in talks about recompensing about 37,000 people whose money was misplacedUK politics live – latest updatesBusiness live – latest updatesNational Savings & Investments is preparing to repay hundreds of millions of pounds to its customers over missing savings, in what is expected to be the single biggest payout in the bank’s 160-year history.The government-backed savings institution is in discussions with the Treasury to recompense about 37,000 people whose money has been misplaced due to historical failings. Continue reading...

One struck a market in North Darfur and the other hit a truck carrying civilians in North Kordofan as the country’s civil war approaches its fourth yearAt least 28 civilians have been killed in two separate drone strikes in Sudan, according to health workers, as the country’s brutal civil war between the army and the paramilitary Rapid Support Forces approaches its fourth year.A strike hit a market in the town of Saraf Omra in North Darfur state on Wednesday, killing “22 people, including an infant, and injuring 17 more”, a health worker at the local clinic told AFP. Continue reading...

OECD says the Middle East war will test the world’s resilience with Australia expected to suffer from higher rates and inflationGet our breaking news email, free app or daily news podcastThe world economy is on the brink of a major inflationary spike as soaring fuel prices threaten growth in European and Asian nations, the OECD has warned, and local economists are slashing Australia’s growth prospects for this year and the next amid the ongoing US-Israel attack on Iran.The Organisation for Economic Cooperation and Development’s latest interim outlook said the US-Israel war on Iran will “test the resilience of the global economy”, and warned of the “significant downside risk” to their forecasts should the oil supply disruptions prove more persistent and push energy prices even higher. Continue reading...

Organisation for Economic Cooperation and Development says UK economy will grow by just 0.7% this yearThe conflict in the Middle East will damage the UK’s economy more than any other industrialised nation, according to analysis by the Organisation for Economic Cooperation and Development (OECD), which warned over rising inflation.In the first major assessment by a leading international thinktank of the economic impact from the attack on Iran, the OECD said the UK economy would grow by just 0.7% this year, compared with its last forecast, made in December, of 1.2% for 2026. Continue reading...

PM tells Jo Boydell of concerns about her lack of availability to discuss how staff gave man access to victim’s room• UK politics live – latest updatesKeir Starmer has written to the chief executive of Travelodge to press the hotel chain to “seriously engage” with MPs raising concerns about its protocols after a woman was sexually assaulted by a man who was given her room number and a key card by staff.MPs who had sought an urgent meeting with Jo Boydell said the case of Kyran Smith, 29, who was jailed for seven and a half years last month, raised “deeply concerning” questions. He attacked the woman after a party in December 2022. Continue reading...

Teesside site mothballed in September given £100m in government investment to restart production for at least three monthsA shuttered carbon dioxide plant is to reopen on Teesside with £100m of government investment in response to fears the war in Iran could trigger shortages of the gas that multiple industries rely on.The business secretary, Peter Kyle, has approved the reopening of the Ensus plant to help bolster production of CO2, which has uses ranging from carbonating drinks and keeping food fresh to medical procedures and the sedating of animals for slaughter. Continue reading...

Rule change follows high court challenge brought by two doctors prevented from working in specialist fieldsDoctors who have been prevented from working in the NHS while they wait for asylum decisions are celebrating after the Home Office agreed to lift the ban. The changes come into force on Thursday.The changes to the immigration rules follow a high court challenge by two specialist doctors who had the relevant qualifications to work for the NHS but were prevented from taking up work. Doctors who have a break in their practice can quickly become deskilled. Until now, the ban has remained in place despite shortages of doctors and other healthcare professionals in some parts of the NHS. Continue reading...

The government has launched a consultation on banning social media for under-16s but peers voted to move fasterHouse of Lords pushes for Australian-style social media ban for under-16sGood morning. It is going to be a busy political news day, but potentially quite a mixed and messy one. Keir Starmer is in Helsinki for a meeting of the Joint Expeditionary Force (the northern European military pact – the Nordics, the Baltics, the Dutch and the UK), and he has already been speaking to the media. In the Commons it is the last day before the Easter recess, which means it is “take out the trash day” – the trash, in this case, being government announcements that have to be reported to parliament (so they can’t be announced during the recesss), but which have been held back because they’re moderately embarrassing (or sometimes just too dull). There are 24 written ministerial statements (full list here). Few, if any, of these are likely to produce big headline stories, but there should be a lot here for people interested in the workings of government.And, with the parliamentary session also about to end soon (the new king’s speech is expected to take place on Wednesday 13 May), the government is also trying to get all its bills onto the statue book. And it faced a new problem last night after peers voted for a second time to insert a clause into the bill committing the government to an Australian-style social media ban for under-16s.Obviously we’ll study that ruling very carefully, but I’m absolutely clear that we need to go further.The status quo isn’t good enough. We need to do more to protect children. Continue reading...

Keir Starmer responds after Kemi Badenoch spokesperson says she ‘raised eyebrow’ in relation to theft of aide’s phoneKeir Starmer has said it is “far-fetched” to suggest that the theft of his former chief of staff’s mobile phone is somehow connected to a subsequent push for the release of documents relating to Peter Mandelson’s appointment as US ambassador.Downing Street has come under pressure to say whether key messages between Morgan McSweeney and the former ambassador were lost after it emerged that the government-issue phone was stolen last year. Continue reading...

Jena Lisa Jones says she backed Trump in 2024 election because of his campaign promises to release Epstein filesAfter casting her vote for Donald Trump in 2024 in hopes that he would bring transparency around the Jeffrey Epstein case, Epstein survivor Jena Lisa Jones said in an interview this week that she now fears “we’re not going to get justice in all of this”.“I wanted my day in court,” said Jones, who has said she was abused by Epstein when she was 14, in an interview on the Shadow Sessions podcast that aired on Thursday morning. “I didn’t get that, and we were so close to it, it really got ripped from us, and then after [Epstein] passed, everything just went into a circus show.” Continue reading...