Royal Mail owner received takeover offer from Czech billionaire IDS shares rise after reports that it rejected bid from Daniel Křetínský’s EP Group
Beware risks of voter giveaways to public finances, countries facing elections told IMF says reduction in national insurance may have made cutting UK national debt more difficult
Bank of England governor shrugs off smaller-than-expected fall in inflation Andrew Bailey says inflation is in line with BoE forecasts but markets view data as pushing back interest rate cuts
Royal Mail bid from Czech billionaire should be treated with deep scepticism Daniel Křetínský has failed to answer vital questions – and the company should not slip into private ownership from abroad
Former Royal Mail chair apologises for ‘tragic’ Post Office prosecutions Allan Leighton denies having received any warnings that the Horizon IT system was unreliable
Compensation payouts to UK rail passengers for delays hit £100m a year Record sum follows cancellation or part-cancellation of almost 320,000 train services in past year
Funding Australia’s renewable transition isn’t ‘picking winners’ – it’s securing our future Government support for green manufacturing is actually the easy part. To truly reduce emissions, we must stop digging up and burning fossil fuels
Australia rises to second in world budget management rankings, IMF data shows Treasurer and finance minister hail ‘remarkable achievement’ as monitor finds balance to be behind only Canada among G20 countries
UK interest rate cut hopes fade after inflation falls by less than expected – as it happened City investors trim their forecasts for rate cuts this year, after inflation falls by less than expected to 3.2%
TikTok questioned by EU over Lite app that ‘pays’ users for watching videos European Commission has concerns about app’s impact on children, as well as addiction
Post Office chief Nick Read cleared of misconduct in separate inquiry Existence of whistleblower allegations added to scandal over Horizon computer system
Taylor Swift fans given ‘urgent warning’ as £1m lost in ticket scams Lloyds Bank says more than 600 of its customers have been tricked by fraudsters so far
‘Victories would be nothing less than an earthquake’: can UAW win in the south? United Auto Workers faces first real test in campaign to unionize 13 automakers across US as Volkswagen workers vote in Tennessee
Asos says it will take ‘necessary actions’ after 18% drop in sales Online fashion retailer says it is becoming ‘faster and more agile’, after pre-tax losses of £120m
Sunak hopes of pre-election interest rate cuts frustrated by inflation slow puncture Shift in rate reduction predictions to autumn hits prime minister’s strategy of winning back mortgage payers