Trump-Putin talks likely ‘in coming days’ but Kremlin aide plays down three-way summit with Zelenskyy – Europe live

Yuri Ushakov says ‘concrete preparations’ underway for Russia-US meeting but prospect of three-way talks have not been discussed

Bank of England governor warns against cutting borrowing costs ‘too quickly’, after rate cut to 4% – business live

Monetary Policy Committee deeply split over decision to cut interest rates to lowest since March 2023

Protests set to greet vice-president on visit after governor said redistricting ‘looks like it’s going to happen across many Republican states’

In their economic outlook the rate setters see a threat from rising prices of food, energy and business services

Class action lawsuit argues the online travel platform distorted market with ‘best price’ clauses

Bank’s policymakers cut base rate by quarter point to 4% amid concern about strength of UK economy

Base rate reduction to 4% will hit some savers, but people with tracker home loans will see immediate benefit

Rushanara Ali accused of hypocrisy after claims she evicted tenants from east London property before putting up rent by almost £700 a month

Advertising group halves interim dividend after pre-tax profit plunges to £98m in first half of its financial year

Jobs and Skills Australia deputy commissioner says upcoming economic reform roundtable must tackle economic inequality facing women

Japanese carmaker cuts operating profit guidance by 16% day after rival Honda reported 50% drop in profits

Quarter-point reduction expected, with City investors predicting a three-way split among rate setters

Donald Trump’s latest wave of ‘reciprocal’ rates were in place as of a minute past midnight Washington time on Thursday

The US president’s ‘reciprocal’ tariffs on dozens of countries came into effect at a minute past midnight Washington time on Thursday

Ground stops were issued nationwide including at hubs in Chicago, Denver, Houston, Newark and San Francisco