UK car factories running out of parts due to coronavirus, warns Jaguar

Jaguar Land Rover Carmaker says it has two weeks’ supply left as Apple cuts billions of dollars off sales forecast and big firms warn of fallout Live blog: Japan to trial HIV drugs The Jaguar assembly plant in Castle Bromwich, UK. Photograph: Bloomberg/Bloomberg via Getty…

Spain risks US ire after approving digital services tax

Spain Similar levy on tech firms in France provoked threats of retaliation from Washington Officials around the world are grappling with ways to tax tech companies such as Google and Facebook. Photograph: Pau Barrena/AFP/Getty Spain’s government has approved a digital services tax, after a similar…

Apple’s coronavirus warning spooks markets – business live

Rolling coverage of the latest economic and financial news Apple issues revenue warning over coronavirus South Korea: it’s an economic emergency LIVE Updated An electronic stock board showing Japan’s Nikkei 225 index at a securities firm in Tokyo today Photograph: Eugene Hoshiko/AP Key events Show…

BT ready to break with tradition to chase Netflix generation

BT Broadcaster will scrap pay-TV packages in favour of monthly opt-ins for prime content Users with 24-month subscriptions will be able to build or change their package online. Photograph: Suzanne Plunkett/Reuters BT is to scrap its traditional pay-TV packages and allow customers to pay for…

Concerns over safety at Amazon warehouses as accident reports rise

Amazon Figures obtained by GMB show safety at its UK warehouses could be worsening GMB has called for a full parliamentary inquiry into safety standards at Amazon warehouses. Photograph: Ina Fassbender/AFP via Getty Images More than 600 Amazon workers have been seriously injured or narrowly…

NS&I announce interest rate reductions for 25m customers

Savings Changes will take effect from May hitting premium bonds and savings accounts There will be less £100,000 and £100 prizes available for May’s draw, NS&I confirmed. Photograph: NS&I Millions of savers are to be hit by a series of interest rate reductions announced by…

West Midlands canals to help heat hospitals in renewable energy drive

Environment Government pledges to spend £20m turning canals, mines and rail lines into heat sources The Gas Street Basin in Birmingham, West Midlands. Photograph: tupungato/Getty Images/iStockphoto The canals of the West Midlands may seem an unlikely source of warmth, but these waterways could soon be…

Japan’s economy heading for recession, and Germany wobbles

Economics International trade slump and coronavirus outbreak combine to weaken consumer demand Japan’s plunge in output at the end of 2019 amounted to a fall of 1.6% in the quarter. Photograph: Eugene Hoshiko/AP Japan’s economy is heading for a recession this year after figures showed…

UK consumer confidence at highest level since 2009

Economic growth (GDP) Households’ optimism over finances and job security rise in February, survey shows The poll shows a rise in optimism about the UK’s immediate economic prospects. Photograph: NurPhoto/Getty Consumer confidence in Britain has risen to the highest level in more than a decade…