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International Airlines Group expects to spend £1.7bn more on fuel than planned since US-Israeli attack on IranBusiness news – live updatesThe parent company of British Airways has issued a profit warning and said it expects to spend about €2bn (£1.72bn) more on fuel than planned this year due to the Iran war.International Airlines Group (IAG), which also owns Aer Lingus, Iberia and Vueling, said it has hedged 70% of its expected fuel use for this year with costs expected to be about €9bn, up from previous forecasts of €7.1bn. Continue reading...

Chair Tim Martin says pub chain could miss expectations, in latest sign UK hospitality sector buckling under higher billsBusiness live – latest updatesThe boss of JD Wetherspoon has said the pub chain could miss profit expectations because of rising costs, in the latest sign the UK hospitality industry is buckling under the pressure of higher energy, food, labour and tax bills.The company’s chair, Tim Martin, told investors on Wednesday: “As many hospitality operators, including Wetherspoon, have reported, there have been substantial increases in costs.” Continue reading...

Experts say counterfeits lack UV filters, increasing the risk of eye damage, and urge shoppers to check for safety marksWhile many will be enjoying the spring sunshine, experts have cautioned against wearing fake designer sunglasses, warning they could do more harm than good.As the College of Optometrists notes, sunglasses not only protect the eyes against glare on sunny days, but can also shield them from harmful ultraviolet (UV) light. Continue reading...

Reuters-Ipsos, AP-NORC and NBC polls show approval in mid-30s, with economy, Iran and immigration concernsUS politics live – latest updatesA trio of political polls indicate public approval of Donald Trump’s management of the US economy, immigration and the Iran conflict is slipping, flashing warning lights for Trump-aligned Republican candidates with six months to go until the US midterm elections.Polls by Reuters-Ipsos poll, Strength in Numbers-Verasight and AP-NORC had the president’s approval rating hovering in the mid-30s, at 36%, 35% and 33% respectively, which are near his lowest numbers. Continue reading...

Unwanted vessels left to decay release fibreglass shards into the water, harming marine life. Steve Green – with his trusty van Cecil – is determined to clean things upSteve Green, a boat engineer from Cornwall, was pulled over by the police just before Christmas. He was driving a decrepit-looking VW campervan and towing an even more dilapidated yacht up to Truro. He hadn’t broken any laws, but he admits that Cecil the campervan, which runs on donated chip oil from local pubs and has a crane and a winch on the front, “wasn’t quite what VW intended”.Green (and Cecil) are on a mission to rid the beautiful hidden creeks of Cornwall’s Helford and Fal rivers of 166 abandoned fibreglass yachts, which are leaking plastic and toxins into the predominantly marine waters. Marine biologists have likened the thousands of shards of fibreglass they have found embedded in the flesh of sea-creatures in areas with wrecks such as these to asbestos, a substance known to have a noxious effect on humans.Green uses a detachable crane system at the front of his van to move around bags of plastic after they have been weighed. Cecil is upholstered in recycled denim Continue reading...

• President Trump delivered an emergency announcement from the Oval Office, placing the US on high alert over unspecified national security threats. • The speech called for public vigilance and federal coordination based on credible intelligence, stunning observers. • Reactions poured in from Congress, the Pentagon, and global markets amid a developing situation.

ABF, which owns Kingsmill, Twinings and Patak’s, to demerge fashion chain to maximise shareholder returnsBusiness live – latest updatesPrimark is to break free from its sister food company, which owns Twinings, Kingsmill and Patak’s, next year despite warning that the conflict in the Middle East is likely to hit consumer spending.The fashion chain’s owner, Associated British Foods (ABF), confirmed the plan to split off Primark from the rest of the group, first mooted last year. Continue reading...

• Russian President Vladimir Putin issued a bombshell speech from the Kremlin warning against Western military intervention in Iran, marking a significant strategic pivot and directly challenging Trump administration foreign policy. • The address has dramatically escalated geopolitical tensions and prompted immediate reactions from global capitals assessing implications for international security and the balance of power in the Middle East. • Putin's declaration signals Russia's strategic commitment to the region amid the ongoing US-Iran crisis and fragile ceasefire negotiations.

• President Donald Trump delivered an emergency announcement from the Oval Office on April 12, issuing an urgent national warning that has placed the country on high alert amid unspecified threats to national security. • In his live address, Trump detailed pressing concerns requiring immediate public awareness and federal action, prompting rapid responses from Congress, the Pentagon, and global financial markets. • The announcement's vague nature regarding specific threats has generated questions from lawmakers and media about the nature and severity of the security concerns cited by the administration.

• Golf legend Jack Nicklaus, 86, warns fans to 'look out' following a close call with health issues, shared via social media today. • The Masters Tournament icon emphasizes vigilance amid his ongoing recovery, resonating with sports entertainment followers. • Nicklaus's message underscores aging athletes' influence in US pop culture as Augusta National events approach.

Baby was delivered during Caribbean Airlines flight from Kingston to the US; nationality of child to be determinedSign up for the Breaking News US email to get newsletter alerts in your inboxA routine passenger flight from Jamaica landed at New York’s John F Kennedy international airport with one more person than it took off with after a woman gave birth in midair, potentially setting up a tricky situation over the newborn’s citizenship.The “medical event” occurred on a Caribbean Airlines flight from Kingston on Saturday, according to a news release from the carrier. Continue reading...

President’s press conference after White House Easter egg roll did little to dispel fears he has lost touch with realityDonald Trump began his day standing with a person in a giant bunny costume and boasting about the Iran war to an audience of children.The annual Easter egg roll on the White House South Lawn conjured a fitting Alice’s Adventures in Wonderland image for a US president who has disappeared down what many would call a rabbit hole. Continue reading...

• Estonia has formally warned Russia against aggressive actions in the Baltic region and pledged a military response to any violations. • The Baltic nation reaffirmed its commitment to NATO defense protocols and regional security frameworks. • The warning reflects heightened tensions between NATO members and Russia along Eastern European borders.

Brent crude jumps 6.5% as US president vows to hit Iran ‘extremely hard’ over coming weeksBusiness live – latest updatesOil prices soared and stocks sank after Donald Trump vowed in a televised speech to hit Iran “extremely hard” over the coming weeks, knocking investors hopes of a near-term end to the conflict in the Middle East.Brent crude prices jumped by 6.5% on Thursday morning to more than $107.6 a barrel, reversing Wednesday’s drop when hopes of a de-escalation pushed the international benchmark below the $100-a-barrel mark at one point. Continue reading...

Prime minister threatens to withdraw NHS training posts for residents doctors if they don’t call off strikeGood morning. Keir Starmer is chairing a meeting of the government’s Cobra emergency committee later to discuss the Iran war, but domestic issues don’t go away and he (or, to be more accurate, his staff) have also found time to write an article for the Times delivering a warning to resident doctors in England planning to go on strike. As Jamie Grierson reports, the PM is threatening to withdraw an offer of thousands of extra NHS training posts for resident doctors if they do not call off the strike within 48 hours.Judging by what Dr Jack Fletcher, chair of the BMA resident doctors committee, told the Today programme in an interview this morning, Starmer may have as little success with his ultimatum as Donald Trump seems to be having with his inconsistent and increasingly apocalyptic warnings to what is left of the Iranian government.I’m very happy to sit down with the government at any point to try and negotiate a settlement, but I don’t think that’s done by writing in newspapers and issuing threats unilaterally.The government made very late changes to the pay offer, reducing the pay investment and stretching it over a longer period in a way that had not been previously talked about.Ministers effectively moved the goalposts on the deal at the last minute.Two weeks ago, the government took that investment, reduced it, and then stretched it over three years. That is a very, very, very different outcome to the one that we were discussing just two weeks ago. Continue reading...

Kuwait says fire broke out after Iranian attack on giant tanker and warns of possible oil spill in surrounding watersHello and welcome to our continuing live coverage of the US-Israel war on Iran and its impact on the region, the world and the global economy.Iran attacked and set ablaze a fully loaded crude oil tanker off Dubai on Monday while Donald Trump warned the US would obliterate Iran’s energy plants and oil wells if it did not open the strait of Hormuz.Blasts were heard in Tehran and power cuts hit some areas of the capital, Iranian media reported on Tuesday. Israel earlier carried out missile strikes on what it called military infrastructure in Tehran and infrastructure used by Iran-backed Hezbollah in Beirut, leaving black smoke hanging over the Lebanese capital.Two successive Iranian missile launches targeted central Israel, the Times of Israel reported, quoting the emergency service as saying it had not received any reports of injuries.Turkey reported a ballistic missile launched from Iran had entered Turkish airspace before being shot down by Nato air and missile defences.Oil prices were headed on Tuesday for a record monthly rise while Asian shares were headed for their steepest fall since 2022, capping a tumultuous month as the war fanned fears of higher inflation and slower growth. Bonds were headed for their largest decline in months, while the dollar recorded its strongest gain in eight months.The US national average retail price of fuel crossed $4 a gallon for the first time in more than three years on Monday, data from price-tracking service GasBuddy showed, as tightening global supplies pushed US crude prices above $101 a barrel.Three UN peacekeepers from Indonesia were killed in two separate incidents in southern Lebanon.Thousands of soldiers from the US Army’s elite 82nd Airborne Division have started arriving in the Middle East, two US officials told Reuters. , as part of a reinforcement that would expand Trump’s options to include the deployment of forces inside Iranian territory, even as he pursues talks with Tehran.The White House later said talks with Iran were progressing and Trump wanted to reach a deal with Tehran before a 6 April deadline he set last week after extending an earlier deadline he had set for Iran to open the largely blocked strait of Hormuz oil route.Trump had told aides he is willing to end the military campaign against Iran even if the strait or Hormuz remains largely closed and leave a complex operation to reopen it for a later date, the Wall Street Journal later reported.Iran said on Monday it had received US peace proposals via intermediaries and that they were “unrealistic, illogical and excessive”. Continue reading...

Flash flooding threatens the wheatbelt region and Perth, as weather system expected to continue south-east from Geraldton on SaturdayGet our breaking news email, free app or daily news podcastEx-Tropical Cyclone Narelle was downgraded to a tropical low on Saturday morning after making landfall in Western Australia on Friday.Storm-ravaged communities were warned not to let their guard down, however, as residents along the state’s coastline prepared to assess the trail of damage along the Pilbara and North West Cape. Continue reading...

• Three historical factors that preceded double-digit stock-market declines are present simultaneously in 2026, according to DataTrek co-founder Nicholas Colas, signaling heightened risk for U.S. equity investors. • The S&P 500 has dropped 4.7% in March alone and is down 4.2% year-to-date, on track for its worst monthly performance since March 2025 and first quarterly loss since Q1 2025. • Despite warning signs, Colas maintains a cautiously optimistic outlook, stating there is still time to avoid a double-digit loss if Middle East tensions de-escalate swiftly and crude-oil prices decline.

Speaking after signing trade agreement in Canberra, the European Commission president warns ‘situation is critical’ for global energy supplyGet our breaking news email, free app or daily news podcastThe US and Iran must come to the negotiating table to immediately end the de facto closure of the strait of Hormuz and stop hostilities in the Middle East, the head of the European Commission says.Ursula von der Leyen, the European Commission president, said Iran’s efforts to block the strategic waterway via attacks on unarmed commercial vessels and critical infrastructure “must be condemned”. Continue reading...

• The S&P 500 dropped approximately 1%, Nasdaq slid 2.3%, and the Dow remained slightly higher on Wednesday as technology led a broad risk-off move triggered by renewed AI disruption fears and weak corporate guidance. • AMD plunged nearly 17% on disappointing outlook, dragging the semiconductor complex lower with Broadcom falling 7%, Micron dropping 11%, Lam Research down 10%, and Applied Materials declining 9%. • Software stocks extended recent declines as investors reassessed competitive risks following new AI product releases, raising concerns that automation could erode pricing power and margins across enterprise, legal, and financial software sectors.

Demonstrators on Sunday will be arrested for expressing support for Palestine Action or intifada chants, says MetPolice have warned demonstrators that they will be arrested for expressing support for Palestine Action or intifada chants at a protest on Sunday.About 12,000 people are expected to take part in the annual al-Quds Day rally in London, an international demonstration of support for Palestinian rights. The event takes its name from the Arabic version of Jerusalem and was created by Ayatollah Ruhollah Khomeini after Iran’s 1979 revolution. Continue reading...