Ministers should hold their nerve as it is not yet clear what the regulator, Ofwat, will propose

Bank says it has started search for a successor as it reports quarterly profits beat forecasts

Rolling coverage of the latest economic and financial news, as French GDP accelerates, and HSBC announces CEO’s retirement

Justices reject appeal from CEO, who said requirement amounts to ‘prior restraint’ on his speech in violation of first amendment

Australian company and its partner Vale unleashed largest spill of mining waste in history

Grocery service grew during Covid pandemic but has retreated amid competition and waning demand

Second phase of physical checks could result in price increases in shops, as businesses pass on costs to consumers

Brussels to act later this week against Facebook and Instagram owner over policies on deceptive advertising and political content, reports say

Lithuania-based site is expanding while its rivals Depop and RealReal reported losses last year

The construction sector accounts for 62% of waste: that could be drastically cut if we chose refurbishment over demolition, says writer Phineas Harper

Rolling coverage of the latest economic and financial news

 

Changpeng Zhao pleaded guilty to money laundering charges

With tourists struggling to access the two primary digital payment apps, Alipay and WeChat pay, Beijing has put measures in place to make cash payments easier

Letters: Axel Scheffler, the illustrator of The Gruffalo, on the government’s rejection of a youth mobility scheme with the EU. Plus a letter from Ray Kirtley

Editorial: Farmers, even more than consumers, need a stable and predictable global food system

Tesla boss reportedly meets Premier Li Qiang in visit aimed at sealing rollout of Autopilot software and transferring data overseas

The two-decade transformation of the industrial site north of King’s Cross station in London, once notorious, now a pleasant enclave of offices, homes, shops, bars and boulevards, is essentially complete. It’s a huge success – and yet ...

Long waiting lists are creating a boom in the medical insurance market, leading to fears of a long-term change in attitudes to the health service

Don’t be deluded by media hullabaloo – but smart employers can get creative with schedules to attract and retain talent