1bn

Watchdog says legal challenges from Consumer Voice and three lenders ‘create fresh uncertainty for millions of consumers’Business live – latest updatesThe UK financial watchdog is facing four legal challenges against its £9.1bn compensation scheme for victims of the motor finance scandal.The Financial Conduct Authority (FCA) said that it will defend the scheme “robustly” as the “fastest, simplest route for consumers and the most efficient way for firms to put things right”. Continue reading...

Donors exceed funding target at Berlin conference but prospects for ceasefire remain distantMore than £1bn (€1.15bn) has been pledged for war-ravaged Sudan at a conference in Berlin, eclipsing the funding target organisers had set to help mitigate the world’s largest humanitarian crisis.The financial commitments made on Wednesday will also help offset a chronic humanitarian funding shortfall in a country devastated by three years of conflict, where two-thirds of its population – 34m people – require assistance. Continue reading...

On Monday, a public inquiry will reopen, nine years after the plan was proposed and a toxic local battle beganWhen Fidelma O’Kane retired more than a decade ago from her career as a social worker and lecturer, she thought she would be “travelling and having a glass of wine and eating chocolate and reading books” while based in the quiet, hilly corner of rural County Tyrone where she has lived almost all her life.It didn’t quite work out that way. Instead, an idle remark from a neighbour would set O’Kane on a path that would become an all-consuming mission. A mining company, the neighbour told her, was planning to drill for long-rumoured reserves of gold in the Sperrins, the low peatland mountain range in Northern Ireland where O’Kane’s family has lived for generations. Continue reading...

Artificial intelligence company cites high energy costs and regulation as reasons for putting Stargate project on holdOpenAI has put plans for a landmark project to strengthen the UK’s AI capabilities on hold, citing high energy costs and regulation.Stargate UK was a part of the landmark UK-US AI deal announced last September, in which US companies appeared to commit £31bn to the UK’s tech sector, part of a larger series of investments intended to “mainline AI” into the British economy. Continue reading...

Trump administration announces deal with TotalEnergies to redirect investment in wind to oil and gas insteadAs a fuel crisis triggered by the war in Iran drives up global fossil fuel prices, the Trump administration has announced it will pay French energy major TotalEnergies $1bn to kill plans to construct wind farms off the US east coast.The deal is the latest blow to the US offshore wind industry, which has faced repeated disruptions to multi-billion-dollar projects under Donald Trump. Continue reading...

Founder Julian Hearn, actor and fellow investor Jonathan Ross likely to get big payday after takeover by French groupBusiness live – latest updatesHuel, the protein shake maker which counts actor Idris Elba and TV presenter Jonathan Ross among its investors, has agreed to be acquired by the French consumer goods group Danone in a deal worth about €1bn (£870m).The British company, which makes food powders, snack bars and meals from a blend of plant-based ingredients and fortified with vitamins, started out selling its powders online. It is now available in more than 25,000 stores around the world. Continue reading...

Swift leads with 1.6m vinyl sales of The Life of a Showgirl in 2025 while Sabrina Carpenter and Kendrick Lamar round out the LP chartsFor the first time in over four decades, US vinyl sales have topped $1bn in annual revenue.Vinyl purchases reached $1.04bn in 2025, per a new report by the Recording Industry Association of America (RIAA) published on 16 March. It marks the 19th consecutive year of growth for the format that was once considered a niche interest. Continue reading...