Business

Bank of England governor walks out of IMF summit in protest against Russia
Posted on Saturday October 17, 2026

Andrew Bailey among finance leaders to leave session in Bangkok when Russian finance minister addressed group

The Bank of England governor, Andrew Bailey, has taken part in a walkout of finance leaders who left an International Monetary Fund meeting in protest against Russian involvement.

Bailey joined counterparts from France, Germany and a number of Scandinavian and Baltic countries who left the session in Bangkok when the Russian finance minister, Anton Siluanov, addressed the group in Russian.

Plan to make firms pay more to train older workers than youth apprentices in England
Posted on Saturday October 17, 2026

Exclusive: Ministers considering overhaul of apprenticeship funding scheme to tackle youth jobs crisis

Employers in England are to be forced to pay more to train an older worker than a youth apprentice under plans being drawn up by the government to tackle the youth jobs crisis.

The Guardian understands ministers plan to overhaul Labour’s apprenticeship funding scheme to increase the cost of training by 25% for a worker over the age of 25 in order to encourage businesses to train young people instead.

The power of AI is worrying senior Labour figures – as is the fear of ‘falling behind the public’
Posted on Saturday October 17, 2026

Westminster appears to be waking up to warnings over AI safety, with concerns over its use by extremist groups and bad actors

“I have this sense that, within a few months, AI is going to be all anyone is talking about,” said one cabinet minister, with an ominous stare.

It was Labour conference, with everyone from ministers to activists jubilant at Andy Burnham’s takeover and a bounce in the polls after the change of leader.

From 3,000 feathers to pet portraits, Rolls-Royce rides high on custom craze
Posted on Saturday October 17, 2026

In our second in a series on high-end UK manufacturing, we visit the artisans producing rich clients’ bespoke luxury cars

‘Our town is making jeans again’: meet the firm reviving jobs and skills in Wales

They are the plaything of kings, presidents and A-listers, with Rolls-Royce enthusiasts ranging from the Sultan of Brunei to Rowan Atkinson, from King Charles III to Kermit the frog.

And at the carmaker’s factory in Goodwood, West Sussex, special requests from customers get more indulgent every year. An interior lined with 3,000 iridescent feathers, or a built-in champagne cooler, or a car built in homage to its owners’ dog, have all become part of the job.

Stinky business: south London bike shop hit by ‘unbearable’ stench from Thames Water sewer
Posted on Saturday October 17, 2026

Owner and mechanics fear for their health and future of the Herne Hill shop with no date for fixing problem

The leafy south London neighbourhood of Herne Hill is a haven for cyclists who can often be seen lapping the local parks and refuelling at the many cafes that line the suburban streets. But there is something foul in the air of this corner of the capital – and for once it’s not the traffic fumes hitting bicycle riders.

A toxic stench thought to be caused by untreated sewage stuck in Thames Water drains has been emanating from the subterranean depths for months, most likely caused by the summer’s lack of rain.

Squash down: smaller pumpkins expected this Halloween after drought in England
Posted on Saturday October 17, 2026

Data shows 2026 could be worst harvest on record, as growers suggest painting faces on vegetables instead of carving

In the lead-up to Halloween, front porches across the country feature fat, proudly carved pumpkins, lit from within by tea lights.

But this year there is likely to be a shortage due to drought, experts have warned, with the squashes much smaller than usual.

‘Countries are defying gravity’: how much longer can global economy resist chaos?
Posted on Saturday October 17, 2026

Sky-high oil prices and geopolitical turmoil have made less of a dent than feared … just don’t bank on it to last

Inside the vast, glass-walled Queen Sirikit conference centre in Bangkok, the air-conditioned atmosphere was calm as policymakers from more than 100 countries gathered this week for the International Monetary Fund’s annual meeting – and contemplated the surprising strength of the global economy.

A small army of smiling, uniformed Thai staff were on hand to explain the baffling geography of the heavily guarded building, where lunch options were as cosmopolitan as the delegates – including, improbably, a Burger King.