Conservatives complain to whips about fellow MP’s comments on legally settled people


Retail sales in Great Britain hit highest since 2022, boosted by gold demand; Trump terminates US-Canada trade talks – business live
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.Retail sales across Great Britain have risen, in a sign that consumer spending is holding up despite the pressure from inflation.New data from the Office for National Statistics this morning shows that retail sales volumes increased by 0.5% in September, and were 1.5% higher than a year earlier

Car production slumps to a 73-year low after JLR cyber-attack
Car production in British factories slumped in September to the lowest level for the month since 1952 after Jaguar Land Rover was hit by an unprecedented cyber-attack.JLR, Britain’s largest automotive employer, was forced to shut down all its computer systems at the start of September and was unable to make another car until early October.That contributed to a 27% slump in total UK car production in September compared with the same month a year earlier, according to the Society of Motor Manufacturers and Traders (SMMT), a lobby group.Car output dropped to 51,100, from 70,000 in September 2024, while output for the first nine months of the year was down by 8%. Van production has also slumped by nearly 40% so far this year, after the closure by the Vauxhall owner Stellantis of its factory in Luton

Amazon reveals cause of AWS outage that took everything from banks to smart beds offline
Amazon has revealed the cause of this week’s hours-long AWS outage, which took everything from Signal to smart beds offline, was a bug in automation software that had widespread consequences.In a lengthy outline of the cause of the outage published on Thursday, AWS revealed a cascading set of events brought down thousands of sites and applications that host their services with the company.AWS said customers were unable to connect to DynamoDB, its database system where AWS customers store their data, due to “a latent defect within the service’s automated DNS [domain name system] management system”.DynamoDB maintains hundreds of thousands of DNS records. It uses automation to monitor the system to ensure records are updated frequently to ensure additional capacity is added as required, hardware failures are handled and traffic is distributed efficiently

Trump pardons founder of Binance, world’s largest crypto exchange
Donald Trump issued a pardon for the founder of the world’s largest cryptocurrency exchange on Thursday.“President Trump exercised his constitutional authority by issuing a pardon for Mr Zhao, who was prosecuted by the Biden administration in their war on cryptocurrency,” a White House statement said. “The war on crypto is over.”Changpeng Zhao pleaded guilty in late 2023 to one count of failing to maintain an anti-money laundering program and stepped down as CEO of Binance, which paid $4.3bn to settle related allegations

The epic three-way F1 title tussle at the Mexico Grand Prix … in 1964
In an extract from his new book, our Formula One correspondent tells how a race featuring Graham Hill, John Surtees and Jim Clark chimes with this year’s title fightFormula One entered the 1964 season finale at the Autódromo Hermanos Rodríguez in Mexico City with a first for the championship: three drivers representing three teams were still in the fight for the title and what a lineup they presented. Graham Hill for BRM, John Surtees for Ferrari and Jim Clark at Lotus were all in contention in one of the great deciders that, by its close, established a motor racing milestone that decades later remains unmatched.The season had opened by defining what was expected to become the championship battle. Clark, the defending champion, and Lotus looking defiant if not quite as dominant as in 1963, fighting off the BRM of Hill and the Brabham of Dan Gurney. Clark had won three of the opening five races, while Hill and Gurney had won in Monaco and France

Chess: Fide to ‘discipline’ Kramnik over Naroditsky cheating allegations
Fide has responded to the death of Daniel Naroditsky by promising to take faster action over allegations by former world champion Vladimir Kramnik, which were made without significant evidence.The Fide president, Arkady Dvorkovich, announced on Wednesday that the case will be referred to its ethics and disciplinary committee, which has the power to ban players for life. The omens for that are not promising. A similar referral of the Magnus Carlsen v Hans Niemann episode at the 2022 Sinquefield Cup took more than a year, and produced just a €10,000 fine for Carlsen and no other penalties.Meanwhile, Kramnik has denied any bullying or personal insults directed at Naroditsky, and has announced his intention to file a lawsuit against Fide, accusing the organisation of launching a smear campaign against him

Oil price jumps and FTSE 100 hits new high after Trump puts sanctions on Russian firms

Dining out ‘under pressure’ as Britons cut back due to price rises, says YouGov

Foxtons shares drop sharply after it warns of ‘subdued’ pre-budget sales

Aerospace groups link up to create European rival to Musk’s SpaceX

Lloyds profits plunge 36% as it feels impact of UK car finance scandal

Thames Water ranked worst supplier in England as firms’ ratings hit record low