Tom Homan says move would be contingent on reaching deal over prisons with local authorities

The smell of death is descending on a directionless government

Future of the company lies in equipping and running a global fleet of driverless taxis and in selling humanoid robots

Gold and silver also soar to new highs on concerns over US dollar and geopolitical turmoil

Official purchases fall 20% amid historic rally and are expected to decline further this year, says World Gold Council

Crude exports to Havana are drying up, according to Kpler, amid US blockade of Venezuela and pressure on Mexico

South Korea’s Samsung and SK Hynix post record earnings but say capacity expansion will be limited this year and next

AI start-up turns to three of its biggest suppliers in blockbuster $100bn funding round

Build-up of American military power comes as US president weighs strikes

New research describes how commerce shaped our culture

The success of weight-loss drugs has driven demand for injectable compounds that claim to improve everything from sleep to skin

Rise of UK challengers is increasing pressure on top firms to retain senior professionals

Two leaders meet in Beijing as both sides seek improved relations

London raises subject with Washington after stinging criticism from Trump

Prime minister hopes pact will help Britain tackle gangs bringing migrants from France in small boats

Sharp drop in production caused by fall-off in exports prompts carmakers to contemplate diversifying

Elon Musk’s electric-car maker invests $2bn in the billionaire’s xAI

Strong earnings appear to quiet demands from Wall Street to justify up to $135bn in capital expenditures

Revenue rises 17% to a record $81bn, but 66% surge in capital expenditures revives debate about returns on vast AI costs

Chair Jay Powell says robust growth and steadying jobs market show borrowing costs are not ‘restrictive’

Lord Jason Stockwood had previously suggested tech companies could pay windfall levy to fund payments

Moves fuelled by surge in prices of precious and base metals triggered by heightened geopolitical tensions

Plus, more on gold

Race for new chair heats up as Jay Powell’s final meeting as head of US central bank comes into sight