Business news live: FTSE 100 falls and US takes $1.36bn in tariffs from goods sold in UK

A company called dCarbonX has plans to build an emergency gas storage facility, to help insulate Britain against the threat of energy blackouts.

Holding six days’ worth of gas would boost the current levels by 50 per cent, the Telegraph reports.

The UK’s current plans are for 95 per cent of energy to come from green sources but with gas reserves held for periods of volatility.

The company’s boss, Tony O’Reilly, said: “Without domestic gas storage, the UK is exposed to global gas market volatility, especially during winter.

“The question isn’t whether we need more storage, it’s whether we’re serious about building it.”

Morning all, hope you had a good weekend.

A few bits to catch up on which broke across the business world last night so let’s get straight into it: airports, TikTok, tariffs, stock markets and more on the way.