The UK’s bank ringfencing doesn’t need large-scale reform

The Treasury is mulling ‘meaningful’ changes in the interests of economic growth but it’s far too soon for such a move

US treasury secretary Scott Bessent calls for half-point interest rate cut at next Fed meeting – business live

Bessent calls for big rate cut in September after steady US inflation, sending global stocks rallying

Tighter US border rules are putting European visitors off, says Tui

Holiday company boss says tourists are opting instead for destinations such as Canada, Africa and Asia

Labour to revive Northern Powerhouse Rail project

Starmer and Reeves expected to announce move before Labour conference, with aim of boosting backbench morale

Inheritance tax: how does it work and what may be changing?

The Guardian has learned the Treasury is looking at ways to raise more money from IHT. Here’s how it could affect you

Chinese firm a leading contender to buy Thames Water, reports say

Hong Kong’s CKI among those lining up to acquire struggling company if it collapses

PwC tracks UK office attendance with ‘traffic light’ dashboard

Accountancy firm’s staff concerned by system that monitors wifi logons and swipes of work passes

Dairy farmers say worker shortage is threatening UK food security

The Arla cooperative says five in six farmers receive very few or zero applications for job vacancies

NGOs urge Nandy to halt sale of Telegraph over China links

Letter from rights groups says RedBird Capital’s proposed takeover threatens media pluralism and transparency

The Guardian view on Labour’s feelgood economy: it’s not for everyone – especially the poorest

Editorial: Ministers boast of rising wages. But for low earners, the cost of living crisis endures – with food and rent inflation erasing any pay gains

Trump’s China trade truce extension spurs market rally

Bourses in Australia and Japan hit record highs as hopes grow of trade deal within latest 90-day pause

Treasury targeting inheritance tax reforms to help plug UK deficit

Exclusive: Chancellor also looking at tweaks to capital gains tax to try to bridge £40bn-plus spending gap before budget

UK employers cut back on bonuses and hiring as economic slowdown hits jobs market

Unemployment remains steady but vacancy rates drop and pay growth slows

Three more interest rate cuts may be on the way. But when is increasingly looking like anyone’s guess

The prospect of lower rates is good news, but Michele Bullock’s vision for the future appears blurrier

US inflation unexpectedly stays at 2.7%; UK ministers appoint advisers for Thames Water collapse ‘contingency plans’ – as it happened

US and China extend 90-day tariff truce; UK labour market slows as employers hold off hiring