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The Guardian Business
FinanceEN-GB

Federal judge allows Trump’s $10bn defamation lawsuit against BBC to proceed

Trump-appointed judge Jeffrey T Kuntz partially denies British broadcaster’s motion to dismiss over edit Federal judge Jeffrey T Kuntz ruled on Tuesday that Donald Trump’s lawsuit against the BBC can proceed, denying in part the British broadcaster’s motion to dismiss the case. The president’s $10bn defamation lawsuit stems from the BBC’s splicing together of disparate comments he made before the 6 January US Capitol insurrection, as rendered in a Panorama documentary called Trump: A Second Chance. “Accepting the allegations in the complaint as true, the Court finds Trump plausibly pled damages where Trump alleges a defamatory documentary released toward the election caused reputational harm,” the Trump-appointed Florida district court judge wrote. “It would be difficult for the Court to accept a different framing without completely negating the significance and fragility of political elections.” Continue reading...

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people walking outside a building
The Guardian Business
FinanceEN-GB

Bank of England’s inflation response ‘risks higher interest rates for longer’

Thinktank Niesr says timid rate rise last week likely to make inflation more persistent feature of UK economy The Bank of England is risking higher interest rates for longer after a hesitant response to rising inflation, according to leading thinktank. In a searing critique of the central bank’s tactics, the National Institute of Economic and Social Research (Niesr) said a timid increase in interest rates last week was likely to mean inflation staying above the Bank’s 2% target until at least 2030. Continue reading...

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People outside the Bank of England, which has scaffolding on it
The Guardian Business
FinanceEN-GB

Maybe it’s a new tagline. Maybe it’s more punctuation. Maybelline’s 35-year-old slogan has an update

First introduced in 1991, ‘Maybe she’s born with it’ is out the door – but is the new slogan a glow-up? Alyx, I hear a certain makeup brand has updated its tagline. Why is this a big deal? The jingle that has been burned into the minds of women around the world since its Christy Turlington-helmed debut in 1991, “Maybe she’s born with it, maybe it’s Maybelline”, has received what has being described as a “modernisation”. In a new campaign with Miley Cyrus, the “she’s” will be replaced with “we’re”, which both changes the observer’s perspective to something a little more self-directed and makes it more inclusive. But it’s a punctuation change that is raising eyebrows. Continue reading...

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Miley Cyrus attends a Maybelline x Miley Launch Party in Los Angeles, California in 2025.
The Guardian Business
FinanceEN-GB

US justice department sues Lyft over alleged refusal to serve passengers with disabilities

Lawsuit filed in California claims drivers routinely refuse to transport individuals with service animals or mobility devices The Department of Justice sued Lyft on Monday, accusing the ride-share giant of discrimination for denying service to passengers with disabilities. The federal lawsuit, which was filed in the US district court for the northern district of California, said Lyft drivers have routinely refused to transport individuals who depend on service animals or use mobility devices, such as wheelchairs, an alleged violation of the Americans With Disabilities Act (ADA). Continue reading...

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a sticker on a car window
The Guardian Business
FinanceEN-GB

French police raid Ritz hotel in Mohamed Al Fayed sexual abuse investigation

Arrests made after three properties were searched in relation to inquiry into late businessman French police have made arrests after raiding three properties, including the Ritz hotel in Paris, in relation to an investigation into sexual abuse and trafficking by Mohamed Al Fayed. Several individuals were taken into custody for questioning last month and later released, according to the Paris public prosecutor’s office. Another property in Paris and one in Saint-Tropez, both with links to Fayed, were also searched in mid-October. Continue reading...

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Mohamed Al Fayed, in a patterned shirt and suit jacket, looks upward outside the High Court
The Guardian Business
FinanceEN-GB

Falkland Islanders face ‘devastating consequences’ if Argentina blocks oil project, says UK

Countries clash over Sea Lion project as Hamburg tribunal risks deepening sovereignty dispute The people of the Falkland Islands face “devastating consequences” if Argentina is successful in blocking development of its offshore oilfield, the attorney general for England and Wales has told an international tribunal. Ellie Reeves, representing the British government at a hearing of the international tribunal for the law of the sea (Itlos), said billions of pounds vital to the future of the British overseas territory would be lost. Continue reading...

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Milei looks sideways in a crowd
The Guardian Business
FinanceEN-GB

Growth at all costs is not a sustainable policy | Letters

The key task should be to ensure that essential services improve the wellbeing of individuals and local communities, writes Peter Riddle. Plus letters from Sheila Triggs and Stephen Smith A key lesson for the UK from the US midterm elections is that a different approach to managing the economy is essential if Labour hopes to retain power in two years’ time. Voters in the UK will judge Andy Burnham’s government just as harshly as American voters have judged Donald Trump if they too feel the economy is not working for them. Meeting the rising costs of food, utilities, transport and housing has become a daily challenge for millions of people. The pain of rising costs is compounded by a collapse in the quality and reliability of many vital public services and a sense that many people feel that their community life has become more fractious, fragile and unsafe. Continue reading...

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A worker in a hi-vis vest crosses an empty Strangeways street past parked hire bikes and shuttered shops
The Guardian Business
FinanceEN-GB

Britain willing to discuss paying into EU to join electricity market, says minister

Hamish Falconer says UK has ‘not accepted principle’ of linking electricity trade to ‘cohesion fund’ but two sides will discuss issue Britain is willing to discuss paying towards infrastructure schemes in poorer parts of the EU in return for access to the European electricity market, according to the minister in charge of renegotiating the bilateral relationship. Hamish Falconer, the cabinet minister in charge of EU talks, told the Guardian he was sure the two sides would discuss the issue after this month’s summit, as ministers look to deepen ties with the union over the next few years. Continue reading...

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Wind turbines near Schipkau in Germany.
The Guardian Business
FinanceEN-GB

UK social media ban expansion for under-16s could cover YouTube Kids

Regulations under consideration could affect up to 150 platforms, including LegoPlay, Spotify and eBay, sources say A substantial expansion of the social media ban for under-16s could inadvertently lead to a ban on YouTube Kids and other sites that had been thought exempt, sources briefed on the government’s proposals have said. One source close to the talks said the regulations now under consideration meant up to 150 platforms, including games platforms such as Lego Play, could be covered by the ban, which is set to come into force in March. Continue reading...

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A smartphone screen shows the YouTube Kids app listing on an app store
The Guardian Business
FinanceEN-GB

Call it tough love, with the love removed: it’s Kemi’s war on benefits claimants

The Tory leader outlines her £36bn welfare cuts, again, to an audience of an age and a wealth that they don’t need to work Call it tough love. Only without any of the love bit. Let’s face it. There comes a time in every Conservative politician’s life when you have to say enough is enough. That it’s just not fair on the rest of us. Now, MPs might just have enjoyed a five-day mini-recess, but they deserve every minute’s free time they get. Because they clearly work far harder than everyone else. But on a Tuesday morning it sticks in the throat to think of people lying around at home, being paid to have disabilities that exist mainly in their imaginations, while you have to give a speech in central London. The thing is, we just haven’t been ambitious enough for people on welfare payments. Let me introduce you to KemiWorld. Think of the double amputee who ran a marathon. Though try not to think of the cost to the NHS of the prosthetics. Welfare is very much a one-way balance sheet as far as Kemi Badenoch. The point is that most disabled people just sit at home and moan. They need to get out more. Let’s face it, if a double amputee can run a marathon then it ought to be a doddle for a single amputee to run a double marathon. Just get out there and do it. On Tuesday 1 December, join John Crace and Pippa Crerar as they skewer the biggest stories from Westminster and beyond, as part of the Guardian’s year in review event. Joined by fellow Guardian writers, expect candid conversations, witty remarks and surprises as they look back on the year-defining stories of 2026. Book tickets here or at theguardian.live Continue reading...

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Kemi Badenoch speaks animatedly at a podium in front of several large Union Jack flags
The Guardian Business
FinanceEN-GB

‘Flying cars’ could launch in China next summer, maker of two-seat model says

XPeng says its $300k low-altitude device will soon be ready for emergency services and recreational use in rural areas People could start taking trips in so-called flying cars in China as soon as next summer, the manufacturer of a two-seater vehicle with autopilot model has said. Deli Zhao, the chief executive of the Chinese flying car company XPeng, said the $300,000 (£225,000) low-altitude device would be ready for use by recreational users in rural locations and by emergency services in the second half of 2027. After 10 years of development including trials of flying motorbikes at the company’s Guangzhou base, it has been approved by China’s civil aviation authorities for limited use. Continue reading...

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Aridge unveils new modular 'flying car'
The Guardian Business
FinanceEN-GB

Anthropic targets valuation of up to $1.4tn in stock market flotation

Claude chatbot developer had been reported to be aiming for $2tn IPO on Wall Street before investors cooled on AI Anthropic is seeking a valuation of up to $1.4tn (£1.1tn) in its imminent stock market flotation, short of the $2tn that had been expected before investors started to question the durability of the AI boom. The developer of the Claude chatbot was widely reported to be targeting a $2tn initial public offering on Wall Street but its sights have been set lower, according to a US regulatory filing on Tuesday. Continue reading...

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The Anthropic logo on a laptop with stock graphsbehind it
The Guardian Business
FinanceEN-GB

Inquiry launched into UK budget bank tax leak; Wall Street hit by US inflation shock – business live

Rolling coverage of the latest economic and financial news, including live coverage of the Bank of England Watchers conference in London Young people in UK hit by ‘low-gear economy’, warns Bank of England deputy The AI poster boy, the ‘Chinese spy’ and Trump: how an affair may have harmed US security Jensen Huang’s image has been shattered. Could he be pushed out at Nvidia? A senior US central banker is calling for a hike in interest rates next month. Federal Reserve governor Christopher Waller is arguing that the Fed should raise short-term borrowing costs next month even if government data shows inflation cooling. “While I am hoping for an improvement over September, even if this occurs, I would still support a 25 basis point increase in the FOMC’s policy rate at our December meeting.” “The affair itself is unlikely to be the central issue for shareholders. What matters is whether shareholders have suffered loss due to Nvidia failing to disclose material information, particularly given the sensitivities surrounding China, AI chips and US export controls. “US plaintiff lawyers will be looking closely at matters such as what Nvidia and its board knew and when, what was said publicly and whether any material information was withheld from the market. For example, if previously undisclosed information is subsequently revealed to the market and may have caused investors significant losses, the ingredients for shareholder litigation could begin to emerge. But there is a considerable distance between reputational controversy and proving actionable shareholder claims.” Continue reading...

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Bank of England deputy governor Clare Lombardelli
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