The Guardian view on Britain’s AI strategy: the risk is that it is dependency dressed up in digital hype

Editorial: The UK’s plans seem to outsource sovereignty for phantom efficiency. Public services provide the data and power while US tech giants reap the rewards

Two Carnival cruise guests drown at new Bahamas resort on same day

Deaths of Americans aged 74 and 79 occurred at Celebration Key, a private destination for Carnival cruise passengers

Soho House agrees to be taken private in $2.7bn deal; European shares dip ahead of Ukraine peace talks – as it happened

Ashton Kutcher to join private members’ club’s board

Reeves considers replacing stamp duty with new property tax

Exclusive: Treasury examines options including tax on homes sold for more than £500,000 as well as overhaul of council tax

Monzo plans to launch UK mobile phone service

Move could increase competition among big phone providers and help diversify revenues for digital bank

UK metals firms threaten to sue government over tariffs on steel imports from Asia

Companies send letter to business secretary complaining new rules were imposed with 24 hours’ notice

Soho House to go private in $2.7bn deal as Ashton Kutcher joins board

MCR Hotels to lead new equity investors in members’ club chain after four years on New York stock exchange

Rail fares in England could rise by ‘outrageous’ 5.6% next year

Campaigners say passengers may be priced off trains as July inflation figure is likely to push up ticket prices

Trump is promising a US manufacturing renaissance. Many experts are dubious

Economists doubt US duties will bring about a resurgence of US factory jobs, notably due to Trump’s erratic tariff rollout

Qantas fined $90m for illegally sacking ground staff as judge describes airline as ‘the wrong kind of sorry’

Lawyer for Transport Workers’ Union calls record penalty the ‘darkest day’ in airline’s 105-year history

Record salaries for UK chief executives as pay rises for third year in a row

Report finds more than £1bn handed out to just 217 FTSE 100 bosses in the last financial year

Record number of EVs registered in western Europe across last quarter

Nearly 600,000 BEVs hit the road as carmakers such as Renault and Stellantis attract more price-sensitive buyers

Sanjeev Gupta readies last-ditch plan to save UK speciality arm of Liberty Steel

Attempt to secure pre-pack administration deal comes as government officials step up planning for its collapse

From royal hatters to top tailors: James Bond lawyers line up trademark fight team

How the company that controls 007 merchandising is taking on the Austrian challenging for ownership

Want more productivity, Rachel Reeves? It’s time to embrace Mancunian swagger

Manchester is closing the gap on London, with public money having helped to ‘crowd in’ a lot of private investment