Global economy to slow as Donald Trump’s trade wars hit growth, OECD warns – business live
Rolling coverage of the latest economic and financial news, as OECD forecasts global growth will slow to 2.9% in 2025 and 2026
UK will slump to 1% growth next year as Trump tariffs bite, says OECD
US, Mexico and Canada economies likely to be worst affected by ongoing tariff battles, says forecast
Thames Water preferred bidder KKR pulls out of rescue deal
Future of troubled supplier in doubt as US private equity group says it cannot proceed with acquiring £4bn stake
AI pioneer announces non-profit to develop ‘honest’ artificial intelligence
Yoshua Bengio’s organisation plans to create system to act as guardrail against AI agents trying to deceive humans
High-rise, high expectations: is Casablanca’s finance hub a model for African development?
Morocco’s commercial centre has brought investment to the continent – but critics say it masks domestic inequality
RBA ready to use rapid-fire rate cuts if Trump policies rattle Australia’s economy, minutes reveal
Reserve Bank vetoed a 50 basis point cut in cash rate last month, but is willing to take such action if global economy demands it
UK ‘fully prepared’ to take Roman Abramovich to court over frozen £2.5bn
UK government ready to escalate efforts to secure money from the sale of Chelsea which are earmarked for humanitarian causes in Ukraine
US firms say Trump trade war is hitting production as dollar nears three-year low
Manufacturing survey signals third monthly decline in output in a row amid uncertainty over tariffs
US manufacturers hurt by Trump trade war; pound near three-year high against dollar – as it happened
Rolling coverage of the latest economic and financial news
Gina Rinehart helped Liberals raise nearly $400,000 at exclusive dinner that led to wrongful dismissal claim
Victorian Liberal party embroiled in dispute as Fair Work Commission accepts submission from sacked event organiser
M&S boss’s pay package soared to £7.1m weeks before cyber-attack
Stuart Machin received 39% bump for year ending March thanks to sharp rise in performance-linked bonuses
Ex-minister Greg Hands to advise Royal Mail buyer Daniel Křetínský
Former Tory MP will work with Czech billionaire’s EP Group in the UK and Germany
Facebook and Instagram owner Meta to enable AI ad creation by end of next year
Move sends shock waves through traditional media industry by posing threat to advertising agencies
Drugmaker Indivior to abandon London listing amid exodus of companies
Firm behind opioid addiction treatment drugs quits London Stock Exchange after moving primary to US last year
Report casts doubt on Labour’s ability to hit affordable housing target
Exclusive: Chancellor urged to increase funding as study suggests government has overestimated its housebuilding figures for England