British Airways fares to rise in attempt to offset £1.7bn fuel cost hit

08/05/2026 11:52 The Guardian

Owner IAG expects to recover 60% of additional fuel bill caused by Iran war through ‘revenue and cost management’Business news – live updatesBritish Airways fares will rise to try to recoup most of a €2bn (£1.7bn) hit in fuel costs this year, its parent group has said, adding that the Iran war will dent profits.The International Airlines Group (IAG) said its annual fuel bill was now expected to be about €9bn, up from the forecast €7.1bn, as 70% of its supply was hedged, shielding it from the full impact of soaring jet fuel prices since the start of the conflict. Continue reading...

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Elections 2026 live: ‘I’m not going to walk away,’ says Starmer as Farage hails ‘historic shift in British politics’

The Reform UK leader said Labour is being ‘wiped out by Reform in many of their traditional areas’ as results paint a bleak picture for the prime minister2026 election results: latest from local, Scottish and Welsh votesWe’re getting statements from some of the political parties now as we wait...

08/05/2026 13:06 The Guardian

Middle East crisis live: Iranians ‘never bow to pressure’, says foreign minister after clashes in the strait of Hormuz

Trump says ceasefire still intact as Rubio tells reporters that the US should get a response from Iran today on proposals to end the warCeasefire under threat after strikes exchanged in straitThe ship monitor Tanker Trackers has posted the following on X about the Ocean Koi oil tanker:Her new name i...

08/05/2026 13:04 The Guardian

Steve Hilton: British strategist becomes unlikely frontrunner for California governor

Former David Cameron adviser says a vote for him will make California ‘Califordable’ – not everyone is convinced He “knows how to wind people up like Trump”, according to friends, and made his name in the UK with zany policy ideas including making the country sunnier using state-owned clou...

08/05/2026 13:04 The Guardian

Nato refusing US permission to use bases is ‘a problem’, says Rubio after Meloni meeting – Europe live

US secretary of state has been meeting Italian leader amid strained tensions over IranThe European Commission also insisted that airlines must not charge customers extra fuel fees after they have already bought tickets, as the aviation sector feels the pain from high energy prices because of the Mid...

08/05/2026 12:49 The Guardian

Iran war costs Toyota £3bn as prices of materials soar and sales fall

Carmaker gives one of biggest warnings yet of conflict’s impact on businesses while Trump tariffs also take tollToyota has reported a £3bn hit from costs from the war in Iran, as prices of parts and materials soared and sales dropped.The world’s biggest carmaker said profits declined in its fin...

08/05/2026 12:09 The Guardian

First Thing: US-Iran ceasefire at risk after exchange of fire in strait of Hormuz

Donald Trump insists ceasefire remains intact after the most serious test yet. Plus, David Attenborough’s 100 most spectacular momentsDon’t already get First Thing in your inbox? Sign up hereGood morning.The US and Iran traded fire late on Thursday in the greatest test so far to their month-long...

08/05/2026 11:24 The Guardian

Trump walks back threat to rip up part of EU trade deal but tells bloc to ratify by 4 July

US president expresses impatience at speed of EU’s implementation and warns of ‘much higher’ tariffsUS trade court rules against Trump’s 10% global tariffsBusiness live – latest updatesDonald Trump has walked back from his threat to tear up part of the US trade deal with the EU by hiking t...

08/05/2026 10:39 The Guardian

UK house price growth forecast halved as Iran war fallout hits housing market

Halifax says cost of typical home fell by 0.1% in April, the second consecutive monthly drop, with pace of annual growth down from 0.8%. to 0.4%Business news – live updates UK house prices fell for a second consecutive month in April, as Halifax halved its estimate for the annual rate of growth du...

08/05/2026 07:30 The Guardian

UAE says air defences engaging with Iranian attacks – as it happened

This blog is now closedUS-Iran ceasefire under threat after exchange of strikes in strait of HormuzThe European Union is set to tell airlines the impact from the Iran war on tourism is not yet severe enough to justify emergency measures for the sector, draft EU guidelines seen by Reuters showed.“T...

08/05/2026 04:27 The Guardian

Trump ally Roger Stone condemned for providing lobbying services to Myanmar’s military junta

Stone being paid $50,000 a month to ‘rebuild’ relations between Washington and Myanmar’s military-backed governmentThe US lobbyist Roger Stone, a longtime friend and ally of Donald Trump, has been condemned for accepting $50,000 a month to “rebuild” relations between Washington and Myanmar...

08/05/2026 00:57 The Guardian

Australia news live: two Victorian women charged with crimes against humanity offences after return from Syria

Woman arrested at Sydney airport after arriving back from Syria last night; two more women face charges in Melbourne. Follow updatesGet our breaking news email, free app or daily news podcastDeputy opposition leader also critical of Albanese governmentJane Hume, the deputy leader of the opposition,...

07/05/2026 21:56 The Guardian

Australia news live: woman to appear in court charged with joining Islamic State

Woman arrested at Sydney airport after arriving back from Syria last night; two more women face charges in Melbourne. Follow updatesGet our breaking news email, free app or daily news podcastGallagher says Australia will ‘spend what we need to’ regarding Syrian returneesKaty Gallagher, the finan...

07/05/2026 21:49 The Guardian

Woman killed by partner at home in London feared ‘he was on the warpath’, court hears

Weeks before her death, Annabel Rook, 46, from Stoke Newington, left her sister a voice message about Clifton George’s abusive behaviourThe co-founder of a social enterprise who was fatally stabbed by her partner said he was “on the warpath” shortly before she died, in a voice message that was...

07/05/2026 18:21 The Guardian

Whirlpool warns of ‘recession-level’ slump as Iran war and tariff ruling hit sales

Appliance giant slashes earnings forecast and hikes prices by 10% with another 4% spike plannedWith the war in Iran and economic concerns putting pressure on consumers and how they spend their money, Whirlpool is having to adjust to Americans delaying big-ticket purchases while also raising prices t...

07/05/2026 18:18 The Guardian

US and Iran close to temporary truce, Pakistani officials claim

Latest briefings float hope of basic deal that would keep peace and free shipping while further negotiations continueMiddle East crisis – live updatesThe US and Iran are close to a temporary agreement to halt the war in the Middle East, officials in Pakistan claimed on Thursday, as diplomatic acti...

07/05/2026 18:13 The Guardian

Iran mocks Trump’s ‘Project Freedom’ as adversaries wrestle over talks to end war

President indicated that deal had materialised but truth was that Saudi Arabia had stopped US use of its basesMiddle East crisis – live updatesWhen Donald Trump abruptly pulled the plug on “Project Freedom”, the scheme to open the strait of Hormuz, barely a day after it had been announced, he...

07/05/2026 17:54 The Guardian

Hantavirus outbreak ‘not start of pandemic’ says WHO, as Canaries secure concessions over cruise docking plans - as it happened

Health body gives briefing as Spain says ship will not dock in Tenerife but be anchored offshore and passengers will have no contact with the publicMeanwhile, Hungary’s incoming prime minister Péter Magyar has arrived for talks at Palazzo Chigi in Rome, where he is due to meet with Italy’s prim...

07/05/2026 17:53 The Guardian

Royal Navy tracks Russian frigate for one month off UK coast

Moscow steps up maritime presence in North Sea after UK threats to seize shadow fleet oil tankersBritain’s Royal Navy tracked and followed a Russian frigate every day last month as it sailed from the Atlantic to the North Sea, as Moscow steps up its maritime presence after UK threats to seize shad...

07/05/2026 17:09 The Guardian

Vatican stresses need for peace as Rubio meets pope amid strained relations

US secretary of state speaks with Leo and officials after tensions following attacks by Trump over Iran warThe Vatican has said it raised the “need to work tirelessly in favour of peace” in talks with the US secretary of state, Marco Rubio, who is in Rome on a trip widely regarded as an effort t...

07/05/2026 15:59 The Guardian

JD Sports says Iran war and youth unemployment to hit consumer spending

Retail group with 4,800 stores worldwide expects drop in profits this year amid ‘muted market’Business live – latest updatesThe sports fashion retailer JD has said that profits will fall this year amid a “muted market” hit by concerns about the Middle East conflict and weaker spending by y...

07/05/2026 14:06 The Guardian

Authorities search home linked to 1996 killing of college student Kristin Smart

Smart went missing in California after returning from a party, and was declared legally dead in 2002 Authorities plan on Thursday to enter the second day of their search of a home connected to the man convicted of killing 19-year-old college student Kristin Smart in 1996, according to law enforcemen...

07/05/2026 14:04 The Guardian

UK construction firms face some of sharpest cost rises in nearly 30 years

Monthly rise in prices of fuel and raw materials, driven by Iran war, is one of steepest since survey began in 1997Business live – latest updatesConstruction companies in the UK are experiencing some of the sharpest cost rises in nearly 30 years as the war in Iran drives up prices for fuel and raw...

07/05/2026 12:49 The Guardian

Republicans poised to vote on new House map that would erase Democratic seat in Tennessee – US politics live

Such a move could reshape the electoral map ahead of the midterms by carving up a majority-Black congressional districtSign up for the Breaking News US emailDonald Trump is in Washington today. As we noted earlier, he’ll welcome President Luiz Inácio Lula da Silva of Brazil to the White House for...

07/05/2026 12:05 The Guardian

Uncertainty looms as last oil tanker from Middle East arrives in California | First Thing

State can meet fuel demand for next six weeks with its current supply, says energy commission vice-chair. Plus, alleged Epstein suicide note unsealed by federal judgeDon’t already get First Thing in your inbox? Sign up hereGood morning.Gas prices have risen above $6 in California – but there is...

07/05/2026 11:52 The Guardian

Kumanjayi Little Baby: Advocates say five-year-old’s death ‘should not be politicised’ as hundreds gather at vigils

Crowds were invited to stand in silent solidarity with the family of the Warlpiri girl who was allegedly murdered in Alice Springs last weekWarning: This article contains references to Indigenous Australians who have diedGet our breaking news email, free app or daily news podcastThe national body re...

07/05/2026 10:42 The Guardian

Fertiliser shortages to have dramatic effect on food prices, says Duke of Westminster’s firm

Powerful property and farming firm Grosvenor Group says knock-on effect of Iran war could arrive next yearFertiliser shortages caused by the Iran war have driven up costs for UK farmers by up to 70% and will have a “dramatic” impact on food prices globally next year, according to one of Britain...

07/05/2026 09:39 The Guardian

New gasfield approved near Twelve Apostles puts climate and ‘pristine’ ocean in jeopardy, environmentalists warn

Victorian and federal Labor governments greenlight Otway basin drilling project with potential to supply one-third of state’s gasFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcasA new gas drilling project approved for Victoria’s Otwa...

07/05/2026 06:09 The Guardian

Europe’s AI translation industry told it risks reputation by partnering with US firms

Partnership between top startup DeepL and Amazon comes amid concern about Silicon Valley’s monopoly over digital infrastructureAI companies in Europe risk losing their world-leading status in the field of machine translation, industry figures have said, after the decision by one of the continent...

07/05/2026 06:00 The Guardian

Cut UK speed limits to reduce Iran war impact on consumers, thinktank urges

Cap of 20mph in towns and cities and 60mph on motorways would cut fuel demand and combat rising prices, IPPR saysBritain should lower speed limits for drivers as part of a package of measures to reduce the impact of the Iran war on consumers, a thinktank has said.Capping legal speeds at 20mph in tow...

07/05/2026 04:00 The Guardian

New Hungarian PM’s voters want action on climate and LGBTQ+ rights, poll finds

Exclusive: Voters remain split on issues critical to EU, such as support for Ukraine and dependence on Russian energyMore than three-quarters of Hungarians who voted for Péter Magyar in last month’s election want his government to do more to address the climate crisis, and more than 70% want him...

07/05/2026 04:00 The Guardian

BREAKING NEWS

08/05 13:17 - Many Russians in No Mood for Celebration on Kremlin’s Biggest Day of the Year 08/05 13:17 - Russia and Ukraine accuse each other of breaching Victory Day ceasefire 08/05 13:06 - Elections 2026 live: ‘I’m not going to walk away,’ says Starmer as Farage hails ‘historic shift in British politics’ 08/05 13:04 - Middle East crisis live: Iranians ‘never bow to pressure’, says foreign minister after clashes in the strait of Hormuz 08/05 13:04 - Steve Hilton: British strategist becomes unlikely frontrunner for California governor 08/05 12:59 - Emirates Doubles Down on U.S. and Israeli Ties Amid Iran War 08/05 12:51 - Watch: Return of Palestine Marathon attracts thousands of runners 08/05 12:49 - Nato refusing US permission to use bases is ‘a problem’, says Rubio after Meloni meeting – Europe live 08/05 12:47 - Energy security vs climate crisis: Norway reopens three old gas fields 08/05 12:44 - Russia forced to scale down its victory parade for the first time in almost 20 years 08/05 12:39 - ‘Very well organized’ business – expert on Iran war oil bets (VIDEO) 08/05 12:29 - The disaster unfolding on Russia’s Black Sea coast is of its own making 08/05 12:29 - The disaster unfolding on Russia’s Black Sea coast is of its own making 08/05 12:09 - Iran war costs Toyota £3bn as prices of materials soar and sales fall 08/05 11:52 - British Airways fares to rise in attempt to offset £1.7bn fuel cost hit 08/05 11:24 - First Thing: US-Iran ceasefire at risk after exchange of fire in strait of Hormuz 08/05 11:14 - Philip Caputo, Who Wrote Blistering Vietnam War Memoir, Dies at 84 08/05 11:14 - White House calls Mark Hamill 'sick' after actor's Trump grave post 08/05 10:56 - US jet fuel could be used in Europe to ease possible shortages 08/05 10:46 - Oil Prices Steady After U.S. and Iran Test Truce With Military Strikes 08/05 10:45 - Ukraine may have turned tide of Russian territorial gains, says think tank 08/05 10:45 - Ukraine may have turned tide of Russian territorial gains, says think tank 08/05 10:39 - Trump walks back threat to rip up part of EU trade deal but tells bloc to ratify by 4 July 08/05 09:39 - Three dead after volcano erupts on Indonesian island 08/05 09:22 - US, Iran clash in Hormuz as war escalates: What happened, why it matters 08/05 09:22 - US, Iran clash in Hormuz as war escalates: What happened, why it matters 08/05 09:16 - Russia and Ukraine trade major attacks despite Victory Day ceasefire 08/05 09:11 - Iran on the verge of economic asphyxiation -- rare footage from Tehran 08/05 08:31 - Putin's 'paranoia': 'He is fearful of Ukrainians & afraid the elite around him is starting to break' 08/05 08:13 - The companies making billions from the Iran war 08/05 08:01 - If You Hate The Heat, These 29 Things Will Help You Discover Trace Amounts Of Joy Once The Temp Warms Up 08/05 07:55 - North Korea's Kim Jong Un and daughter eat with crew on new warship 08/05 07:44 - Russia, Ukraine trade fire, blame despite Victory Day ceasefire 08/05 07:44 - Russia, Ukraine trade fire, blame despite Victory Day ceasefire 08/05 07:40 - Amid Ukraine’s daring assaults, Russia scales back Victory Day celebrations 08/05 07:40 - Amid Ukraine’s daring assaults, Russia scales back Victory Day celebrations 08/05 07:30 - UK house price growth forecast halved as Iran war fallout hits housing market 08/05 07:11 - Southeast Asia’s leaders confront fallout from Iran war at ASEAN summit 08/05 07:11 - Southeast Asia’s leaders confront fallout from Iran war at ASEAN summit 08/05 06:59 - 'Like getting the vicar to swear' – Dubois finding his voice 08/05 06:32 - Iran war day 70: US, Iran trade fire in Hormuz amid ceasefire tensions 08/05 06:32 - Iran war day 70: US, Iran trade fire in Hormuz amid ceasefire tensions 08/05 04:43 - China Sees a ‘Giant With a Limp’ as U.S. Drains Weapons on Iran War 08/05 04:27 - UAE says air defences engaging with Iranian attacks – as it happened 08/05 04:00 - How Energy Prices Are Driving Demand for Solar Panels and Heat Pumps 08/05 00:57 - Trump ally Roger Stone condemned for providing lobbying services to Myanmar’s military junta 08/05 00:46 - U.S. strikes Iran in response to attacks on warships, military says 08/05 00:41 - Tennessee Approves New Map Aimed at Flipping the Last Democratic Seat 08/05 00:00 - Iran war live: Ceasefire holds despite Iran, US blows; Israel hits Lebanon 08/05 00:00 - Iran war live: Ceasefire holds despite Iran, US blows; Israel hits Lebanon 07/05 23:12 - Middle East war live: UAE responds to Iranian attacks as fragile ceasefire is challenged 07/05 22:20 - Thousands of North Koreans fought for Russia. A memorial hints at the death toll 07/05 22:03 - Strait of Hormuz: What role for France? 07/05 21:56 - Australia news live: two Victorian women charged with crimes against humanity offences after return from Syria 07/05 21:49 - Australia news live: woman to appear in court charged with joining Islamic State 07/05 21:22 - Aides cite friendly meeting as Rubio aims to mend U.S. ties with Pope Leo 07/05 21:17 - ICE Arrests Violated Order Requiring Warrants in D.C., Judge Rules 07/05 20:36 - Grogu is real star of new Star Wars film, says Pedro Pascal 07/05 20:32 - As Stockpiles Fall, U.S. Sells More Missiles Worth $17 Billion to Gulf Nations 07/05 20:10 - US issues new Cuba sanctions as UN experts warn of ‘energy starvation’ 07/05 20:10 - US issues new Cuba sanctions as UN experts warn of ‘energy starvation’ 07/05 19:23 - Appeals Court Looks Unlikely to Allow Hegseth to Punish Mark Kelly for Video 07/05 19:02 - Can China help end the Iran war? 07/05 19:02 - Can China help end the Iran war? 07/05 18:31 - Major rail disruption expected in southern England until end of day 07/05 18:21 - Woman killed by partner at home in London feared ‘he was on the warpath’, court hears 07/05 18:18 - Whirlpool warns of ‘recession-level’ slump as Iran war and tariff ruling hit sales 07/05 18:17 - Still no sign of a solution in Iran: US president says war will be over soon 07/05 18:13 - Trump's 'irresponsible war' to blame for economic slowdown, German minister says 07/05 18:13 - US and Iran close to temporary truce, Pakistani officials claim 07/05 17:54 - Iran mocks Trump’s ‘Project Freedom’ as adversaries wrestle over talks to end war 07/05 17:53 - Hantavirus outbreak ‘not start of pandemic’ says WHO, as Canaries secure concessions over cruise docking plans - as it happened 07/05 17:37 - True Believers Blow Trump’s Mind 07/05 17:36 - House Republican Proposes Bill to Wind Down the Iran War 07/05 17:33 - Russia, Ukraine trade major attacks ahead of Kremlin's WWII celebrations 07/05 17:33 - Russia, Ukraine trade attacks ahead of Kremlin's World War II commemoration parade 07/05 17:29 - Almost 10 Weeks Into The US And Israel's War With Iran, The Secretary Of State Is Trying His Hand At Something Very New And...Unexpected 07/05 17:09 - Royal Navy tracks Russian frigate for one month off UK coast 07/05 16:55 - Trump calls for ‘incitement’ charges against top Democrat Hakeem Jeffries 07/05 16:55 - Trump calls for ‘incitement’ charges against top Democrat Hakeem Jeffries 07/05 16:37 - Why Stocks and Bonds Are Responding Differently to the Iran War 07/05 16:37 - Why is Alexander Dugin suddenly attacking ‘Whites’? 07/05 16:29 - Airlines facing ‘worse than Covid’ crisis – AirAsia CEO 07/05 16:00 - Rosenberg: Russia's Victory Day parade with no tanks a sign Ukraine war not going to plan 07/05 15:59 - Vatican stresses need for peace as Rubio meets pope amid strained relations 07/05 15:36 - Can nuclear power resolve the energy crisis? 07/05 15:26 - Norway's Svalbard archipelago, a pawn on Russia's chessboard 07/05 15:18 - Sutton's predictions v boxing world champion Fabio Wardley 07/05 15:09 - Rubio Meets Pope Leo Amid Growing Tensions Between Trump and Vatican 07/05 15:03 - Middle East war live: Lebanon, Israel to hold new talks in Washington May 14-15 07/05 14:51 - Propaganda war: The Gen Z team behind Iran’s hit anti-Trump videos 07/05 14:47 - 'I'll collect the trash' - Dubois on Wardley's bin-man jibe 07/05 14:22 - Fears of renewed Gaza war as Hamas disarmament talks stall 07/05 14:15 - Russia Ramps Up Threats Toward Ukraine Over Victory Day Parade 07/05 14:15 - Russian attacks kill 27 before deadline for ceasefire proposed by Kyiv 07/05 14:11 - Israel's war priorities sidelined as Trump pushes toward a limited deal with Iran 07/05 14:09 - War in the Middle East: Satellite imagery reveal scale of damage to US bases in Gulf 07/05 14:06 - JD Sports says Iran war and youth unemployment to hit consumer spending 07/05 14:04 - Authorities search home linked to 1996 killing of college student Kristin Smart 07/05 13:57 - US-Israel war on Iran leaves Jordan’s Petra nearly empty of tourists