Magic mushrooms remain illegal in California but you wouldn’t know that from the gatherings in San Francisco

The party’s real problem is a consistent tolerance of obvious losers

Country’s populist pro-Russian forces continue to oppose adoption of the euro

Moscow aims to eject government and place soldiers on Ukraine border in Transnistria, premier says

Chancellor also rules out raising income tax, VAT or employee national insurance

Ayatollah Ali Khamenei’s comments are his first since US submitted proposed deal to Tehran

The principles underpinning what the Trump administration calls ‘western civilisation’ differ on either side of the Atlantic

Ties are strained over slow approval of export controls for rare earths

Sanctions and military threats have encouraged locals to buy into bullion, but price volatility has hurt some savers

Officials fear that the US president will play the big issues off against each other over five weeks of wide-ranging talks

KKR’s exit highlights difficulty of pursuing market-based solution for embattled utility

Speakers were to include chancellor Rachel Reeves and business and trade secretary Jonathan Reynolds

Jo Harris’s exit follows launch of ‘premier’ service offering ‘tailored lifestyle perks’ to well to do customers

After years of scepticism, co-founder of AQR has embraced AI when determining investment strategies

But UK bosses are pressing Sir Keir Starmer for a rapid implementation of the trade deal agreed with the president

US president escalates trade war by doubling levies on all exporters except the UK

Boston Consulting Group puts partner on leave over contentious US-backed scheme to replace UN-led system

US-backed group temporarily shuts hubs after health ministry in the strip says Israeli soldiers killed 27 Gazans

Billionaire lashes out as US president urges Senate to pass his ‘big, beautiful’ fiscal plan

Wall Street bank had put rules in place following Parkland school shooting in 2018

UK’s largest utility at risk of nationalisation after KKR walked away from £4bn rescue deal

Commitment to new target expected at summit despite fresh questions for Keir Starmer over funding

Potential successor to Jamie Dimon adds oversight of international consumer business to remit

Given all this fragility, recessionary or inflationary shocks — or even both together — are conceivable

Dick Schoof to remain in caretaker capacity until fresh elections following collapse of rightwing coalition

Tie-up with Constellation Energy comes as Big Tech groups seek power sources for AI boom

Prosecution closes its case in London insider-trading criminal trial

Democratic party candidate pledges to protect democracy after securing clear victory over conservative rival

BoE governor tells MPs that central bank expects to ‘see pay coming down this year’

Chancellor lines up £113bn infrastructure investment package as part of next week’s government spending review

No one knows what the US president’s desired endgame with Beijing really is

Audacious drone raid threatens Moscow’s military operations and exposes vulnerability deep within its territory

Investors bet on a return to sub-zero interest rates as central bank tries to restrain soaring Swiss franc

May figure comes as central bank meets this week to consider further cut to borrowing costs

Departure could trigger fresh elections or parliament could try to find a new coalition

Growth forecast for 2026 cut to 1% from 1.2% as Britain ‘faces substantial downside risks to growth’

Organisation slashes forecasts and says US will be hit particularly hard

US private equity firm’s withdrawal throws future of Britain’s largest water utility into doubt

Presidential election defeat triggers fresh infighting within government and speculation over early election

Accounting groups hope to emulate previous profit gains from audits of companies’ ESG metrics