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

07/05/2026 18:18 The Guardian

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 to help stabilize its North American business.The company known for brands such as KitchenAid, Maytag and its namesake, said that the Iran war led to a “recession-level industry decline” in America as consumer confidence collapsed in late February and March. Revenue dropped nearly 10% in the quarter as sales of major appliances in North America declined more than 7%. Continue reading...

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Middle East crisis live: Iran reviewing peace proposal as Trump says a deal ‘very possible’

The US and Iran have offered conflicting messages over the likelihood of a deal being reached imminentlyThe 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...

07/05/2026 19:18 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
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
Macron says ‘all parties must lift the blockades’ – as it happened

This blog is now closedUS fires on Iranian-flagged oil tanker as Trump gives Tehran fresh ultimatumThe UK work and pensions secretary, Pat McFadden, has warned that job losses “could happen” in Britain due to the economic impacts of the Iran war.He said the UK economy was “going in the right d...

07/05/2026 00:35 The Guardian
Australia news live: BHP loses Brazil dam collapse case; man charged with hate speech over NSW parliament rally

Mining company cannot appeal against liability for 2015 dam collapse in Brazil. Follow today’s news liveGet our breaking news email, free app or daily news podcastLenders told to ‘support customers’ facing hard timesLenders are being warned they remain in the frame of Australia’s corporate w...

06/05/2026 21:59 The Guardian
US fires on Iranian-flagged oil tanker as Trump gives Tehran fresh ultimatum

President tells Iran to accept deal to end war or face new wave of bombing at ‘much higher level and intensity’The US military fired on an Iranian-flagged oil tanker on Wednesday, shortly after Donald Trump issued a fresh ultimatum to Tehran, telling it to accept a deal to end the war or face a...

06/05/2026 21:03 The Guardian
Uncertainty looms as last oil tanker from Middle East arrives in California

With gas more than $6 in state, delivery of about 2m barrels is last planned shipment to pass through strait of HormuzMiddle East crisis – live updatesThe average price of a gallon of gas in California already stands at more than $6, but more uncertainty looms as the last oil tanker from the Middl...

06/05/2026 19:02 The Guardian
‘Climate solutions will bring down bills and restore nature’: green issues and May elections

As Reform vows to block solar and windfarms, energy leaders say renewables offer most secure future, insulating UK from hostile forcesUK politics live – latest updates• May elections: What’s at stake across England, Wales and Scotland?The defining issue of Thursday’s local elections, feedbac...

06/05/2026 17:59 The Guardian
Oil prices fall as Trump says strait of Hormuz ‘open to all’ if Iran accepts deal

US president says war will end if Tehran agrees to deal, but that ‘bombing starts’ again if it does notOil prices fell and stock markets rose as Donald Trump said the war with Iran would end and the strait of Hormuz would be “open to all” if Tehran struck a deal with Washington.The US presid...

06/05/2026 16:58 The Guardian
Pussy Riot protest at Venice Biennale forces Russian pavilion to briefly close

Demonstrators, angered by Russia’s inclusion at arts festival, shouted ‘Curated by Putin, dead bodies included’The Russian pavilion at the Venice Biennale was forced temporarily to shut its doors on the second day of the preview after the activist group Pussy Riot staged a chaotic protest agai...

06/05/2026 16:35 The Guardian
Lib Dems accuse Badenoch of being willing to ‘put Farage in No 10’ after she hints she would approve council pacts – as it happened

Conservative leader says her party ‘are willing to work with people who will help deliver Conservative policies’Labour has criticised Zack Polanski for saying he was concerned about how the suspect in the Golders Green stabbings was treated when he was arrested by the police.Referring to what Po...

06/05/2026 16:20 The Guardian
Pope Leo rejects claim he supports nuclear weapons after Trump tirade

Pontiff responds after US president accuses him of ‘endangering a lot of Catholics’ with stance on Iran warPeople in the US: what do you think of Chicago-born Pope Leo?Pope Leo has said he has never supported nuclear weapons and that those who criticise him need to speak the truth, in response t...

06/05/2026 16:13 The Guardian
‘Putin only cares about parades’: fury as Russia rains missiles on Ukraine during 24-hour truce

Dozens killed despite ceasefire announced by Zelenskyy, after Moscow asked for Saturday truce for military paradeEurope live – latest updatesKyiv has criticised Russia for attacking several Ukrainian cities overnight with more than 100 combat drones and three missiles in spite of a unilateral 24-h...

06/05/2026 16:01 The Guardian
CNN legend Christiane Amanpour expresses concern about Ellison take-over

Ahead of Paramount Skydance merger with Warner Bros Discovery, Amanpour talks ‘ideological realignment of CBS’One of CNN’s most recognizable and influential voices, chief international anchor Christiane Amanpour, has voiced concerns about CBS News parent company Paramount Skydance’s acquisit...

06/05/2026 15:58 The Guardian
Another day, another pivot as Trump flails in an Iran trap of his own making

Latest proposal, derided by Tehran as a ‘wishlist’, could yet be a way out – but with 5,000 dead, it comes at an awful priceAnother day, another hairpin turn in the world of Donald Trump’s foreign policy.The weekend was all about war, and Trump insisting Iran had not yet “paid a big enough...

06/05/2026 15:51 The Guardian
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