US president renews attack on Jay Powell and says borrowing costs should fall to 1%

Central bank toned down scenario to measure lenders’ resilience from previous year

Reform UK wooing the City after executives expressed concern about uncosted policies

Global leaders struggle to understand the impulses and stratagems of the US president

Closure of historic Norfolk plant would put 1,300 jobs at risk and be the latest blow to the country’s auto industry

US president says he will set a new tariff on imports from the country within a week

As Israel and Washington celebrate, there is a sense of dread and uncertainty throughout the region

Spending on working-age health and disability benefits is forecast to hit £66bn by 2029-30

Alberta’s premier Danielle Smith says voters ‘have had enough’

Birthright citizenship ruling backs US president’s claims that lower courts have interfered with policy initiatives

Wall Street’s S&P 500 ended the session up 0.5%

Financier Gentry Beach in talks over Rubaya coltan mine as Washington dangles investments to accompany end to regional conflict

Government climbdown on welfare reveals the perpetually problematic relationship between Labour’s front and backbench

Move raises likelihood of further tax rises and could damage government’s credibility with investors

Climbdown over comments that echoed language of Enoch Powell is latest reversal from PM

Rome and Madrid fear they will have to take back asylum seekers who cross the Channel

The president of the English and Welsh courts on tackling record backlogs, defending frightened judges — and being the first woman in the role

The capital has been skewing Britain’s economic geography for more than a century

Downing Street counts political and financial cost after initial response fanned flames of unrest

‘If there’s one family that hasn’t profited off politics, it’s the Trump family,’ president’s son says in an interview

Calls for European governments to repatriate the bullion they store in the US are a sign of something bigger

‘Quantitative tightening’ is driving up borrowing costs and piling pressure on public finances, according to fund managers

All sides are keen to reach an investment decision in July after years of delay and months of negotiations

The FT30 celebrates its 90th birthday next week — and the UK’s oldest continuous stock index has quite a story to tell

Omead Afshar leaves electric vehicle maker as the company contends with a steep slump in sales

Output plunges after Aston Martin and other British carmakers halt exports to the US

Scott Bessent says deal with G7 would stop global minimum taxes from applying to American companies

Maga’s ‘second American revolution’ has inspired European politicians on both left and right to rebrand themselves

The hope (and hype) is as powerful as ever but it is hard to see where the needed revenues will come from

Brussels has warned German chancellor not to expect UK-style carve-out for car sector in EU deal with Donald Trump

Figures are latest to show distortion to trade caused by US president’s ‘liberation day’ trade levies

Preliminary assessments indicate Tehran was able to move much of its stockpile

How users treat a product in the real world can diverge wildly from what the designers intended

Central bank governor highlights lower labour demand and ‘significant decline’ in wage growth

Former Centrica chief thinks UK oil major will need painful restructuring if it is to avoid being taken over

Judge says former Barclays chief did not fully disclose relationship with convicted sex offender but trims £1.8mn fine

Official data fuels concerns over Labour’s ambition to attract foreign capital to Britain

Retreat on welfare cuts is a blow to the UK prime minister’s authority

Supreme leader’s comments come amid conflicting accounts of the damage to country’s nuclear facilities

With peaceful norms fading, a new weapon has made conflict cheaper and easier