Alarm over US government’s burgeoning debt rattles markets

Bond yields rose and the dollar weakened as Trump administration tries to play down significance of setback

Labour will hope EU deal is final piece of jigsaw to boost UK economy

Acknowledgment from business sector that Britain is an appealing investment proposition is one aim

Diageo ought to be fine but given the turmoil of the past couple of years, the market wants to wait and see

Long-term US borrowing costs hit 18-month high over 5%, as bond market flashes ‘warning signals’

As South Western becomes the latest operator to be renationalised, there are questions about whether the changes will lead to lower fares

Campaigners say secretive ownership structures are becoming the ‘go-to vehicle for kleptocrats’

Impact of tariffs demands ‘considerable downgrade’, to 0.9% this year and 1.4% in 2026, says European Commission

Ofgem price cap on gas and electricity likely to drop by £129 to £1,720 a year, says consultancy Cornwall Insight

Rightmove says figure has risen in May by 0.6% compared with April despite lower demand from new buyers

Chief executive Michael O’Leary says full-year results are ‘robust’ and airline will pay about €400m in dividends

Staff tell Guardian ripped-off Americans will have ‘nowhere to turn’ if Consumer Financial Protection Bureau is undone

Brussels understood to have dropped demands to link deal duration for food checks with fishing rights in run-up to summit

Anglers say more than a third of freshwater sites breach phosphate levels for good ecological status

FTSE 100 group, which also owns Tanqueray and Smirnoff, is to cut costs – which could lead to job losses

From planning ahead to knowing what looks (and smells) good, a carnivore’s guide