Secondhand fashion seller Vinted moves into profit after 61% sales rise Lithuania-based site is expanding while its rivals Depop and RealReal reported losses last year
Ireland emerges from technical recession; UK house buyers hit by rise in mortgage payments – business live Rolling coverage of the latest economic and financial news
OpenAI to use FT journalism to train artificial intelligence systems Under deal, ChatGPT users will receive summaries and quotes from Financial Times content and links to articles
‘Watershed moment’ for Tesla as Elon Musk’s visit to China reaps quick reward Deal to use mapping data from web search giant Baidu is a big step towards launching driver assistance tech in world’s biggest car market
Hipgnosis backs £1.3bn private equity takeover by Blackstone Deal would end six years of turmoil for owner of back catalogues of star artists ranging from Blondie to Neil Young and Justin Bieber
Optus announces $1.6bn network sharing deal with rival TPG Chief of Singtel-owned company says a similar deal it opposed between TPG and Telstra ‘very different in that Optus is not the dominant player’
Binance founder faces possible three-year jail term over ‘wild west’ business model Changpeng Zhao pleaded guilty to money laundering charges
Ireland reaps €700m Brexit bonanza from customs duties Dublin records near-doubling of tax revenue from duties on imports of clothing, food and other goods from Great Britain
There’s a hard-right tidal wave about to hit Europe – and it will only make the economic crisis worse Near-zero growth has crushed living standards across the EU, sending voters towards populist demagogues. But they have no solutions to offer, says former UK PM Gordon Brown
Ocado pay backlash looms as firm moves to offer boss £14.8m package Investors urged to vote against online grocer’s remuneration for CEO Tim Steiner at upcoming AGM
‘Washout winter’ spells price rises for UK shoppers with key crops down by a fifth Analysts say impact on wheat, barley, oats and oilseed rape harvests means price rises on beer, bread and biscuits and more food imported
Taxing big fossil fuel firms ‘could raise $900bn in climate finance by 2030’ Levy on oil and gas majors in richest countries would help worst-affected nations tackle climate crisis, says report
Real terms average pay lower in most UK local authorities than in 2008, TUC finds Union body says austerity is to blame for longest squeeze on wages since Napoleonic era with most ‘wage black spots’ in London
Thames Water collapse could trigger Truss-style borrowing crisis, Whitehall officials fear Exclusive: Concerns over effect on UK’s finances lead officials to believe utility should be renationalised before general election
The Guardian view on rethinking economics: a discipline in disarray holds too much sway in the UK Editorial: Gordon Brown challenged Conservative ideas to fix the economy. His successors unfortunately will not