Mark Mazower on the long history and troubled present of the transatlantic relationship

I won’t join in, but the global trend towards sobriety is a wise one

People are willing to tolerate transparent conflicts of interest but they won’t stand for hypocrisy

More no-deposit deals to come after launches this month, say industry figures

Prospective scholars think twice about Trump’s America and consider applying to universities elsewhere

Fiscal worries and demographic changes knock demand for super-long bonds

US defence secretary warns that Beijing’s actions in Asia are ‘wake-up call’ for America’s allies

US president escalates global trade war two days after a court ruled against the legality of his levies

Wall Street’s S&P 500 gains 6% in May

JPMorgan Chase chief calls on Trump administration to set country on better fiscal path

Japanese sportswear groups Asics and Mizuno to use alternative materials following decades of activist pressure

Heavy casualties and the risk of widespread starvation have led to new pressure on Israel to halt its offensive. But US influence will be decisive

NatWest is no longer a ward of the state, but the UK’s GFC-era moral crusade has had enduring effects

Government sells final shares after rescue at height of financial crisis

Donald Trump’s ‘big, beautiful’ budget bill could make or break the market trend

French leader says grouping could help shield international order rather than choosing sides among superpowers

President’s sweeping levies have increased cost of foreign goods

Veteran republican leader awarded €100,000 in damages at Dublin’s High Court

Opportunity and upward mobility are more important than GDP growth

The painter on breaking auction records, the fascination of the human form — and her first proper UK retrospective

Ice cream maker is already in a legal dispute with parent company Unilever over its political activism

Washington warns talks with Beijing are ‘stalled’ two weeks after reaching deal that temporarily lowered duties

The professor and MPC member on making monetary policy in an age of uncertainty

Beer, wine and spirits companies debate how best to counter public health groundswell against drinking

US company benefits from double subsidy on biofuels as surge in imports threatens to wipe UK ethanol industry

Deteriorating economic and social ties between the neighbouring cities tear at fabric of cross-border community

Investors are fretting about a clause that would penalise foreign holders of US assets

The billionaire achieved a fraction of the savings he promised while damaging his business brands

The hacking attack on Marks and Spencer shows breaches are inevitable and firms must focus on resilience

A surge in claims for pension credit could exceed the reduced welfare savings

Alan Taylor says price rises are being driven by one-off factors as he stressed hit from Trump trade war

Tougher US export restrictions on advanced chips give added urgency to testing of domestic alternatives

Judicial rulings have challenged the president’s trade policies, and some think he should respond by softening his plans

Legislation would erode the appeal of US financial assets, warn banks and investors

Andrew Bailey makes case for minimising the negative effects of Brexit

Attorney-general Richard Hermer says ‘pseudo-realist’ politicians risk providing ‘succour to Putin’

Tim Leissner helped divert billions in Malaysian funds to corrupt officials but pleaded guilty and aided prosecutors

Central bank chair meets president at the White House to discuss economic expectations

Proposed levy would affect companies including Google and Meta

Claim filed to New York court against corrupt banker tests US compensation laws