CEO admits talks with Chery as other European carmakers discuss plans with Chinese firms to share factory spaceBusiness live – latest updatesNissan’s chief executive has confirmed he would consider building cars for other manufacturers at the UK’s largest car factory in Sunderland, amid talks with China’s Chery.Ivan Espinosa said Nissan was “looking at options” for Sunderland and its 6,000 workers as the struggling Japanese carmaker on Wednesday reported steep losses for the year to March. Continue reading...

13 May 2026 11:54 ✍️ RSS THE GUARDIAN

Watchdog to examine whether Reform UK leader should have declared sum he received before entering parliamentNigel Farage is facing a formal investigation by the parliamentary standards watchdog over a £5m gift from the crypto billionaire Christopher Harborne.The Reform UK leader received the money weeks before announcing he would stand as a candidate in the 2024 general election. Continue reading...

13 May 2026 16:03 ✍️ RSS THE GUARDIAN

With US inflation at a three-year high, US president insisted he’s not focused on economic hardship sparked by the conflictSign up for the Breaking News US newsletter emailDonald Trump has said the growing financial pressure inflicted on Americans by the war on Iran is “not even a little bit” motivating him to make a peace deal with Tehran.With US inflation at a three-year high, and fuel costs still climbing after a sharp rise in oil prices, the US president said on Tuesday that he is not focused on the economic hardship sparked by the conflict. Continue reading...

13 May 2026 14:03 ✍️ RSS THE GUARDIAN

New rules would enable single-ticket bookings across multiple rail operators throughout EuropeCross-border train journeys through several European countries are the stuff of many a holidaymaker’s dreams.But the reality of trying to buy the tickets, navigating multiple websites without knowing who can help if a connection is missed, can prove less than relaxing. As one MEP puts it, it can often require “five tabs, three apps and a prayer”. Continue reading...

13 May 2026 15:49 ✍️ RSS THE GUARDIAN

Low-profile Modella has positioned itself as a key creditor, landlord and brand owner to struggling TG Jones as store closures and job cuts loomShoppers at WH Smith were once accustomed to being offered cheap chocolate stacked high at the counter while buying their morning newspaper. Now, the chain’s former high street stores have themselves become the subject of a cut-price deal – as the low-profile investment group that snapped them up appears set to pay less than half of the original cash price.The paperclips to books chain had notched up 233 years on the British high street when it was bought by Modella Capital last summer. Continue reading...

13 May 2026 06:00 ✍️ RSS THE GUARDIAN

FTSE 100 business ‘minded to recommend’ £60-a-share tilt from company owned by billionaire Wallenberg familyBusiness live – latest updatesThe laboratory testing company Intertek has become the latest FTSE 100 business to agree to a takeover, backing a £10.6bn approach from a private equity firm owned by Sweden’s billionaire Wallenberg family.After rebuffing three previous approaches, Intertek’s board said it was “minded to recommend” the £60-a-share tilt from the Swedish buyout firm EQT to shareholders, if there was a firm offer. Continue reading...

13 May 2026 11:29 ✍️ RSS THE GUARDIAN

Fugitive faces charges including corruption and money laundering in US and Malaysia for role he allegedly played in scandalThe fugitive Malaysian financier Jho Low, a central figure in the multibillion-dollar scandal at the state fund 1Malaysia Development Berhad (1MDB), is reportedly seeking a pardon from the US president, Donald Trump.Low faces multiple charges including corruption and money laundering in the US and Malaysia for the important role he allegedly played in the misappropriation of at least $4.5bn (£3.3bn) from 1MDB. Continue reading...

13 May 2026 10:07 ✍️ RSS THE GUARDIAN