The £11.6bn shortfall is a boost for chancellor Rachel Reeves’ efforts to keep a lid on the public finances

Swedish investment group seeks foothold in private equity secondaries with acquisition

Gold softens after US president retreats from EU tariff threats

EU leaders to meet as US president drops tariffs and military threat to take Arctic island from Denmark

Middle-power diplomacy of the sort the Canadian PM calls for requires governments to throw off domestic constraints

Dutch group is selling £2bn unit in latest example of M&A in pensions and insurance sector

More than 20% of S&P 500 companies provided security benefits amid mounting threats

Sovereign issuers are curbing sales of long-term bonds amid waning demand from pension funds