President’s decision on successor to Jay Powell comes at pivotal moment for world’s most important central bank

Platinum and copper also fall on expectations Trump will pick Warsh as next Fed chair

President has announced Kevin Warsh as his pick to chair US central bank

Finance, banking and professional services seek to grow footprint in mainland market despite past challenges

Delayed western payments keep country’s air defences ‘simply empty’, allowing Russia to knock out power, says president

Matthew Pennycook says far-reaching reform is needed to ‘get more volume out of the system’ and deliver more homes

The government says it is ‘aware’ of the issue facing tenants and working on a solution

Leading labels have signed deals with tech companies in the hope of creating new revenue streams and reducing the amount of slop. But artists are worried

Tussles over what to put on euro banknotes are symbolic of deeper dysfunction

Relations between Chinese Communist leaders and the army have always been fraught

Stocks, bonds and currencies have all soared as dollar weakness puts focus on fundamentals

Correlation with equity benchmarks hits highest in at least five years, raising concerns over performance during downturns

UK prime minister travels to Shanghai seeking to drum up deals after meeting Xi Jinping

Ruling comes after Donald Trump’s vow to ‘take back control’ of shipping lane and reassert US influence in region

PM holds three hours of ‘warm and constructive’ talks with Xi Jinping in bid to revitalise London-Beijing relationship

US president says he will announce nominee to replace Jay Powell on Friday morning

Democrats and Republicans have two more weeks to agree measures to end heavy-handed tactics by federal agents

Lender ‘maniacally focused’ on rebuilding investment bank in one of its home markets

Changes to student loans have, in effect, privatised undergraduate teaching in England

Strong holiday season and boost from China drive 23% increase in smartphone revenue

Move would mark return to growth after shuttering hundreds of poorly performing stores last year

US president personally asked Russian counterpart for ‘energy’ ceasefire amid frigid temperatures in Kyiv

Ola Källenius declined offer but warns that Europe needs to realise it faces competition for investment

Beleaguered programme may continue in scaled-back form, after Airbus CEO said his company had given up on fighter jet