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The Guardian Business

Headlines from The Guardian Business. News24x7 shows the headline and a short extract only — every link opens the full report on https://www.theguardian.com/business.

Publisher website: https://www.theguardian.com/business

‘Just worry upon worry’: Europe faces a bleak winter as supply shock pushes factories to the brink (opens on the publisher’s site)

From Shropshire to Hamburg, depleting reserves and spiralling costs are spawning a continent-wide energy crisisBridgnorth Aluminium has faced down Brexit, Covid and repeated energy shocks in recent years. But this winter is bringing extra “stress and pressure”, says its head of sales, Adrian…

The ‘great grid upgrade’ is off track – ministers should spell out the risks for bills | Nils Pratley (opens on the publisher’s site)

National Audit Office calls for greater transparency on £70bn programme that is running over budget and behind scheduleSpeed up electricity grid upgrade or else face higher bills, warns UK watchdogIt’s an open secret in the energy industry that “the great grid upgrade” – the £70bn programme to…

‘Baggage reclaim was pandemonium’: passengers hit by airport IT chaos in UK recount their ordeals (opens on the publisher’s site)

From hours stuck on planes awaiting takeoff, to sleeping the night on the floor at Heathrow. Here are some travellers’ experiencesMore than 2,000 flights have been cancelled after an air traffic control system failure that has thrown airports across the UK into chaos. Nats, the air traffic control…

The Guardian view on Donald Trump’s oil deal: Venezuela pays for his vanity | Editorial (opens on the publisher’s site)

The US president seized a nation’s natural wealth in a modern-day version of gunboat diplomacy to feed his ego – not to lower Americans’ fuel billsImperialism does not require a flag to be planted or a governor dispatched. It can be a powerful nation deciding who governs a smaller, weaker country…

Air traffic control boss given a week to report after UK flight chaos causes 2,000 cancellations (opens on the publisher’s site)

Government remains confident in under-pressure Martin Rolfe but transport secretary believes glitch was avoidableHow have you been affected by UK air traffic disruption?The head of the air traffic control provider Nats has been given a week to report back on the reasons for a technical failure…

AI could kill all humans in next decade, warn experts: but how seriously should we take them? (opens on the publisher’s site)

Alarming warnings from industry insiders increase pressure for curbs on artificial superintelligenceDoes artificial superintelligence really pose a risk greater than nuclear weapons? Is there a significant chance of “a Chornobyl-sized catastrophe”. Might there even be a greater than 10% chance…