Treasury secretary heads back to Washington after two days of talks with Chinese counterparts

A seminal 1940s study remains hauntingly relevant today

Deal would almost triple valuation of OpenAI’s rival to $170bn

Keir Starmer has faced increasing pressure from ministers over Britain’s stance on the issue

Israel still not enabling movement of enough food to stave off ‘catastrophic human suffering’, World Food Programme says

Revenue rise comes as drugmaker plans $50bn US investment in face of looming tariff threat

Fund says fall of US currency has helped lessen effect of Donald Trump’s tariffs

Confusion persists over which EU products will be exempt from 15% levy expected to enter into force on Friday

Figures for June show funds were funnelled into savings including Isas

Share slide wipes more than €60bn off value of Danish maker of Ozempic and Wegovy

British Retail Consortium warns that expected tax increases in autumn could lift prices further

Information overload may be contributing to the S&P 500’s resilience

Bank says revamp will deliver £10bn to shareholders by end of 2026

Britain has signalled to oil companies ‘we don’t want you’, US president says

Analysts dismiss plan but executives welcome sign of more support for fossil fuel exports

Central bank at centre of row with employee committee after asking elected representatives to spend more time doing their day jobs

Advisory group’s Johannesburg office to become ‘a services hub supporting global operations’

Swiss bank has told advisers to stop pitching foreign exchange derivatives to many clients after losses

Chancellor’s aim to discuss fintech becoming fully fledged bank thwarted by BoE governor

Washington has locked in tariffs on almost 45% of American imports

The UK consumer health group Haleon is using a practised strategy to introduce its brands more widely

When a foreign competitor gains an unexpected technological capability, it can precipitate conflict

Brussels aims to spend €17bn on upgrading transport networks to be prepared for conflict

Police investigate attack on Midtown Manhattan skyscraper that is also home to Blackstone and KPMG