Donald Trump’s EV policies and consumer backlash against CEO Elon Musk’s political activities hit car sales

Company forecasts capital expenditures well above analysts’ estimates

Quarterly revenue tops $81bn as sales in unit that includes Azure platform surge 26% from a year ago

Chair Jay Powell says robust growth and steadying jobs market show borrowing costs are not ‘restrictive’

Lord Jason Stockwood had previously suggested that tech companies could pay a windfall levy to fund the payments

Moves fuelled by surge in prices of precious and base metals triggered by heightened geopolitical tensions

Plus, more on gold

Race for new chair heats up as Jay Powell’s final meeting as head of US central bank comes into sight

Gold and silver are on a tear but buyer beware . . .  

Delivery and logistics group has been reducing its ‘volume’ from ecommerce giant by approximately 1mn pieces per day

Greenback rebounds after Treasury secretary rejects speculation that Washington is intervening to boost yen

Optimism over earnings powers Wall Street rebound from Greenland crisis

Big Four accounting firm has improved profitability in Britain as it recovers from series of scandals

Unexpectedly festive burials turn mourning into an act of defiance

Prosecutors search lender’s Frankfurt headquarters and a site in Berlin

Marco Rubio tells Capitol Hill that ‘regime is probably weaker than it has ever been’

The continent needs a sense of crisis in order to change, and Donald Trump keeps it just short of that

Cuts will bring total number of lay-offs to 30,000 over past three months amid higher spending on AI

Metal has gained more than 20 per cent this year amid geopolitical volatility and questions over US currency

Four-day visit to China overshadowed by concerns about human rights and spy threats

Prime minister launches attack on Matt Goodwin ahead of high-stakes vote next month

Europe has a key role to play in building a successor to the US-led global order

Celestial calendar meets high finance, as billionaire’s personal impulses shape plans to raise $50bn in record listing

Alpine currency at strongest level since 2015 shock appreciation, putting pressure on central bank