US president’s billionaire backer acknowledges posts on social media platform X went too far

Chief executive Mark Read pushed to adopt artificial intelligence but is set to exit with the share price languishing

History of optimistic official outlooks fuels concern that Rachel Reeves will struggle to achieve goal of eliminating deficit

Sophisticated criminal networks are illegally importing huge volumes of fuel — and piling pressure on Mexico’s president

Reducing disclosure of C-suite packages under the guise of cutting red tape carries risks

Largest single severance payment of €11.2mn in pool split between 2,100 staff at seven banks since 2018

But chancellor’s large scale capital investment will contrast with tight budgets for many Whitehall departments

Blow to Donald Trump’s ‘energy dominance’ goal as EIA predicts production decline in 2026

Co-founder Stephen Schwarzman sees ‘signs of change’ across the region

Emerging economies outside of Asia becoming ‘development-free zone’, lender says

Deal would be one of the biggest of its kind and give Facebook parent a 49% stake in the start-up

Greensill Capital founder says negotiations with Japanese group left him with ‘third-degree burns’

Donald Trump vows to ‘liberate LA’ as he defends troop deployment in California’s largest city

Chief Evan Spiegel looks past investor doubts with AI-powered device designed to ‘bring out the best in humanity’

Their credibility is strong, the spillovers are small and financial conditions are improving

Two partners say they will bring down Knesset if government does not pass law on religious exemption for military service

US bank says figure will be up by a ‘few hundred million dollars’ from previous quarter

UK chancellor has seen her approval ratings plunge since taking office

Trump’s tariff war brings with it unpredictability and a consequent loss of confidence

Moves announced with Canada, Australia, New Zealand and Norway are first western sanctions against ministers from Israel

Eurozone’s former crisis spots have shaken off concerns over rising debt levels as investors bet on fiscal co-operation

Echostar’s fortunes, and share price, could be decided in large part by what the Federal Communications Commission does next

Tariffs of up to 62.4% will apply to imports of hardwood varieties

Delegations to present plan to Donald Trump and Xi Jinping after Geneva ceasefire came under pressure

European Commission due to present 18th series of measures against Moscow on Tuesday

Sending the National Guard into LA is the administration’s clearest step yet towards authoritarianism

State-owned Central Huijin in spotlight after big intervention in domestic stock markets to boost economy

Vacancies fall and number of people claiming jobless benefits rises

Consortium led by British engineer selected as preferred bidder out of four shortlisted last year

Founder Ren Zhengfei says US is exaggerating his company’s technology amid trade talks between Washington and Beijing

Shoppers traded down to cheaper items, especially in non-food areas such as clothing

Could the British state have done more to help Rhianan Rudd?

Health and defence will receive a bump, but other departments face a further squeeze

It’s not necessarily correct that our brains struggle more as we age

Domestic buyers take advantage of tumbling prices as new non-dom tax regime cools interest from abroad

US president’s move described as misuse of executive power that puts soldiers’ lives at risk

UK chancellor also considers funding settlement of up to £25bn for social housing in Wednesday’s spending review

Latest money raises total taxpayer investment in power station site to £17.8bn

Rail group seeks to attract corporate customers looking for alternatives to air travel

Deploying federal troops is a warning to states opposed to immigration clampdown