Thames Water will seek High Court approval for a £3bn rescue plan in a four-day hearing beginning at the Royal Courts of Justice on Monday. The indebted utility is seeking a judge's approval for a restructuring plan centred on an emergency loan it says it needs to avoid running out of cash by the end

Shares on Asian markets tumbled in early trade on Monday as Donald Trump's tariffs on goods from Canada, Mexico and China sparked fears of a global trade war. Japan's Nikkei opened down 2.9% this morning while Australia's benchmark - often a proxy trade for Chinese markets - fell 1.8%. Stocks in Hong Kong, which include

The UK economy is forecast to improve more slowly than previously predicted after stagnant growth late last year. The EY ITEM Club expects UK gross domestic product (GDP) to grow by 1% in 2025, down from a previous estimate of 1.5%. The economic forecaster is the latest influential group to cut its predictions amid continued

The boss of GB Energy has told Sky News it could take 20 years to deliver a Labour government pledge of 1,000 jobs for Aberdeen. Sir Keir Starmer promised voters his flagship green initiative, which will be headquartered in the northeast of Scotland, would cut consumer energy bills by as much as £300. It is

Barclays says an IT glitch that left some customers locked out of their accounts has been resolved after the disruption entered a third day. The bank said the "technical issue" has been fixed and delayed payments processed. In a statement on Sunday, Barclays said: "We are working on bringing balances up to date for some

Donald Trump has long threatened increasing tariffs on goods from Mexico, Canada, and China. The second-time president argues higher levies will help reduce illegal migration and the smuggling of fentanyl to the US. On Saturday, the president confirmed that he would subject Mexican and Canadian goods to the full 25% tariff - and Chinese imports

Canada and Mexico have hit back with retaliatory tariffs on President Donald Trump's steep tax on goods imported from its neighbours. Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum both announced the counter-tariffs on Saturday night. Mr Trudeau said Canada would impose 25% tariffs on $155bn Canadian dollars (£85.9bn) of US goods in

Barclays has advised customers to contact food banks after a major IT glitch left some locked out of their accounts - with the disruption likely to continue today. The bank has warned that some customers may see an outdated balance, and payments made or received may not show following the initial outage on online and

Donald Trump plans to impose 25% tariffs on imports from Canada and Mexico and 10% tariffs on goods from China. The expected move raises fears of price increases for US consumers as the American president suggested he would try to blunt the impact on oil imports. He has been threatening the tariffs to ensure greater

Barclays has advised customers to seek help from friends and family or even contact food banks after a major IT glitch left some locked out of their accounts. Hundreds of people reportedly claim they are experiencing interrupted services and missing funds after the issue struck on what was payday for many British workers and the