Senior figure in rightwing populist movement says role is ‘no longer good use of my time’

US president says billionaire Tesla boss who bankrolled his campaign has become ‘hostile’

Wall Street titans increasingly voicing concerns about prospects of a higher deficit due to government spending

Test your knowledge of how the US president’s trade war actually affected import duties

Leaders hold phone call amid simmering trade tensions between the world’s two largest economies

Quarter-point reduction comes after Eurozone inflation fell below target in May

This government inherited a mess but it also hobbled itself with tax pledges and a plan dependent on higher growth

Kemi Badenoch’s failure to signal changed Conservative party makes saying sorry a pointless expression

The City gets road rage

Fresh blow to London market struggling to compete with Wall Street

Annual inflation in April was overestimated at 3.5% because of issue identified in vehicle tax figures

Metal investment company pulls IPO weeks after announcing plans for $230mn share offering

Top investors including Qatar are realising they may have backed a business that largely reported artificial revenues

Donald Trump’s trade war and rapidly mounting government debt have shaken confidence in American assets

How the scion of Toyota’s founding family has expanded his influence since becoming chair

Despite past criticism by Scott Bessent and Stephen Miran, the debt strategy persists and is spreading internationally

Decline is led by oil sector, where lower prices are forcing companies to reassess their plans, says IEA

Chancellor Rachel Reeves faces ‘make or break’ moment for government’s pledge to deliver 1.5mn new homes

US president also scraps visas for foreign students looking to study at Harvard

Former PM hits back at Mel Stride speech that argued her 2022 fiscal event ‘damaged credibility’ of party

US government says institution violated anti-discrimination laws during pro-Palestine protests

Spanish lender had previously announced Alexsandro Broedel Lopes would be new chief accounting officer

US president says after call with Russian counterpart that Moscow is not ready for ‘immediate peace’ with Kyiv

Senior bondholders propose injecting equity to match KKR’s defunct bid but plan needs approval from Ofwat and courts

The industry has suffered from overproduction and protectionism for decades

Partnership between US and Chinese tech groups stalled by Beijing regulator in wake of geopolitical tensions

MPs criticise agency for not disclosing phishing attack, which happened last year, sooner

Administration insists legislation will slash the deficit

European trade commissioner Maroš Šefčovič raises shortage of vital materials with Chinese commerce minister

US president says Federal Reserve has been too slow to lower borrowing costs in contrast to ECB

Stephen Cresswell told tribunal he lost his job after repeatedly warning over rail link’s costs

Magic mushrooms remain illegal in California but you wouldn’t know that from the gatherings in San Francisco

The party’s real problem is a consistent tolerance of obvious losers

Country’s populist pro-Russian forces continue to oppose adoption of the euro

Moscow aims to eject government and place soldiers on Ukraine border in Transnistria, premier says

Chancellor also rules out raising income tax, VAT or employee national insurance

Ayatollah Ali Khamenei’s comments are his first since US submitted proposed deal to Tehran

The principles underpinning what the Trump administration calls ‘western civilisation’ differ on either side of the Atlantic

Ties are strained over slow approval of export controls for rare earths

Sanctions and military threats have encouraged locals to buy into bullion, but price volatility has hurt some savers