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Mike Ashley’s Frasers Group acquires Knightsbridge-headquartered retailer after it went into administrationBusiness live – latest updatesThe owner of Sports Direct has bought Harvey Nichols out of administration after the upmarket department store chain warned it could run out of money if it did not find new funding.Mike Ashley’s Frasers Group said on Thursday it had bought the department store chain, which is headquartered at its store in Knightsbridge, for an undisclosed sum on the s

It’s a great betrayal: poor communities neglected while multimillionaires peddle a global Maga agenda. How is that America first?“THE CORRUPTION IS AT LEVELS RARELY SEEN BEFORE,” Donald Trump posted on Truth Social in February 2025. He was not referring to his own administration, but to the US Agency for International Development (USAID). “CLOSE IT DOWN!” the president added.Just a few hours later USAID was in effect closed down, with most of the staff placed on indefinite administrati

Union exploring options to oppose program that would put US airport screening into hands of private contractors The labor union representing workers at the Transportation Security Administration (TSA) is raising alarms over a new program that will expand privatizing security checkpoints at three airports.The agency informed the union last month of plans to enact the TSA Gold+ program, which would shift security and control of the screening technology into the hands of private contracto

Government has so far returned $100bn to companies from levies that US supreme court struck downBusiness live – latest updatesThe Trump administration has refunded about $100bn from the tariffs it collected before the US supreme court ruled them illegal, according to reports.The $100bn (£74bn) figure, which represents 60% of the total $165bn collected from Donald Trump’s “liberation day” tariffs, was reported by customs officials to the US court of international trade (CIT) on Tuesday,

Trump’s FCC is developing a measure to bar US imports of new models of Chinese datacenter devices, sources sayThe Trump administration is reportedly drafting a ban on US imports of new models of Chinese datacenter components, in the latest sign US authorities are scrambling to respond to the rapid development of AI technology in China.Four people familiar with the matter told Reuters that the Federal Communications Commission (FCC), which oversees the US ⁠telecommunications industry, i

Guardian analysis found the removals coincided with the Trump administration’s push to weaken efficiency rulesAs millions of Americans prepare for another brutal heatwave, it’s now harder to find information about ways to stay cool while saving energy and keeping utility costs down.At least 1,662 department of energy webpages offering guidance on protecting the electrical grid during heatwaves have gone dark as of 3 July, according to a Guardian analysis of a list of deleted URLs provi

Andrew Bailey warns that US will not be able to achieve its ambitions aloneThe Bank of England governor has called for international cooperation to tackle growing AI threats, warning that the US and Trump administration would not be able to achieve their ambitions alone.Andrew Bailey’s comments come weeks after the US president, Donald Trump, temporarily banned foreigners from using Anthropic’s powerful Claude Mythos model. Continue reading...

Public health advocates warn of conflicts of interests and say panel likely to provide justification for key rollbacksThe Trump administration has stacked a top chemical safety board with industry-aligned scientists who have a range of financial conflicts of interest and stand to profit from deregulation, public health advocates say.The Environmental Protection Agency’s science advisory committee on chemicals (SACC) is slated to review research for dozens of toxic chemicals during the

New Trump administration rules would undermine longstanding research practices. It’s death by a thousand cutsA politician who aims to gradually privatize and ultimately destroy an institution funded by tax dollars – say, a public school system or public transportation network – may choose to do so by strategically disinvesting resources from that institution until it becomes barely functional, leading users to look elsewhere to meet their needs. Eventually, the user-base of the public