Rachel Reeves says May’s fall in GDP is ‘disappointing’; Trump tariffs knock markets – business live UK GDP falls by 0.1% in May, following 0.3% fall in April.
US will impose 35% tariffs on Canadian imports, Trump says in letter New levies, apart from the 25% on auto parts and 50% on steel and aluminium, will come into effect on 1 August
Spreadsheets and day trips to Egypt: how gen Z is ‘soft saving’ for the future Young adults are traveling, just not spontaneously and with an eye to putting money aside for the future
National Trust to cut at least 550 jobs after £10m rise in costs from Reeves’s budget Exclusive: Charity hit by increase in employer national insurance and minimum wage and aims to save £26m
Fall in UK GDP puts focus back on expectations of tax rises in autumn budget Depressing data comes as Rachel Reeves and her team were daring to hope business confidence was recovering
Fears Heathrow’s move to raise airport fees by ‘excessive’ 17% will push up fares Airport is seeking increase to expand passenger capacity and fund new lounges, shops and restaurants
UK economy shrinks unexpectedly by 0.1% in blow to Rachel Reeves May’s fall in GDP fuelled by sharp declines in manufacturing and construction
UK government considers rescue package for second major steel plant Exclusive: Speciality Steel UK, which employs 1,450 people in South Yorkshire, could be supported if it enters administration
Rubio in bind as he seeks to reassure Asia, even as region faces punishing Trump tariffs Questions over US commitment to the region coupled with Trump’s tariff polices could be a boon to China
Welcome to Prime Day, when thousands of product thumbnails blur together to form a giant pile of garbage I love a sale – but scrolling the list of Amazon’s deals is overwhelming to the point of delirium
Government inheriting poor value assets due to bad handling of PFI contracts, watchdog says Public accounts committee warns UK infrastructure risked becoming ‘stony ground’ for investors without major overhaul
Trump v Lula: what to know about the tariffs spat between the US and Brazil Brazilian president threatened a 50% tariff on US goods in retaliation for Trump’s levy on the Latin American country
Lula threatens 50% tariff on US goods in retaliation for Trump levy on Brazil Brazilian president says ‘if he charges us 50%, we’ll charge him 50%’ after Trump cited trial of Bolsonaro to justify tariff
Zonal pricing is dead. Now Miliband should be less absolutist on his 2030 goals The imperative ought to be to bear down on costs for consumers, starting with a more pragmatic approach to generation targets
Photo agencies to boycott Oasis tour over rights restrictions Exclusive: Move comes after band’s management says rights to concert images will last for only one year