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(Sharecast News) - The US government has already paid back tens of billions of dollars in tariffs it collected before the supreme court ruled them illegal, according to budget figures released on Monday. Tariffs - taxes on imported goods - have been a key part of president Donald Trump's game economic plan since he took office again last year. But in February, the supreme court shut down a big chunk of the extra tariffs Trump ordered, forcing the government to return money to the companies that had paid them. - Guardian
The UK's North Sea oil industry has made a last-ditch attempt to curry favour with the Labour government by appealing to Andy Burnham's reindustrialisation agenda just days before he is expected to become Britain's next prime minister. Industry lobbyists have written to more than 400 Labour MPs to call on the government's new leaders to allow more oil and gas drilling in UK waters to support homegrown energy and show "a commitment to UK manufacturing, industrial capability and the skilled workforce that has powered the nation for generations". - Guardian
The founder of online bank Monzo has become the latest high-profile figure to join Anthropic, the AI company behind the Claude chatbot. Tom Blomfield, who is one of Britain's most successful tech entrepreneurs, will take a leave of absence from his current role at start-up investor Y Combinator to join Anthropic, which recently overtook OpenAI as the world's most valuable AI company. - Telegraph
Electric vehicle (EV) owners will be taxed for driving abroad under Labour's pay-per-mile plan. In a consultation response published on Monday, the Government said charging drivers for overseas mileage was proportionate because not doing so would require the use of location data to show where they were - raising privacy concerns. - Telegraph
The United Arab Emirates is building another port in an attempt to bypass the Strait of Hormuz, having already expedited the construction of a new oil pipeline. The new port would join an existing facility in Fujairah along the country's eastern coastline and past the tip of the strait that Iran closed to shipping during the war with the United States. - The Times
