Billionaires’ wealth surged $6.5tn over past decade, Oxfam reports Real-terms gains of $33.9tn for world’s richest 1% ‘enough to end annual global poverty 22 times over’, charity says
Chinese exports to UK rise as firms seek to avoid US tariffs Data shows 16.1% jump as Bank of England suggests influx of cheaper goods could bear down on inflation
Post-Brexit Britain ‘too focused’ on major trade deals, ministers say New strategy to focus on ‘more agile’ modest agreements, as opposed to wide-ranging deals
Anthropic did not breach copyright when training AI on books without permission, court rules Judge says firm made ‘fair use’ of literature but storage of pirated books in central library constituted infringement
Shell denies it is in talks to buy BP after reports of potential £60bn takeover Spokesperson says report that it is considering bid for struggling rival is ‘further market speculation’
It’s also a ‘new era’ for share prices in the defence sector Nato’s spending splurge has made Babcock hot – a sign fundamental change in dull income defence stocks is happening
British Business Bank back in the spotlight with £10bn UK growth mandate Louis Taylor, CEO of state-owned lender, targets investment in eight key UK sectors as he prepares defence at Covid inquiry
Eurostar services restored after severe delays due to huge cable theft in France Engineers repair high-speed line after day of chaos for passengers, caused by 600m of cable being stolen or cut
Asda owner slumps to near £600m loss as sales fall Group battles heavy debts and problems transferring IT systems from former parent Walmart
Eurostar passengers suffer ‘nightmare’ disruption after ‘cable theft’ disrupts services; Nasdaq 100 tech share index hits record high – as it happened Disruption between St Pancras and Gare du Nord after theft of cables at Lille leave passengers stranded
Super tax debate highlights everything wrong with Australia’s media and economic system The way superannuation is mostly covered by the media in Australia is about how to avoid paying tax and how to use it to fund inheritance
Dating app Bumble to lay off hundreds of staff amid turnaround bid Company is cutting 30% of its global workforce as part of an effort to return to a ‘start-up mentality’
Universal theme park deal secured with UK pledge to spend £500m on transport Attraction at site of former brickworks in Bedford could boost UK economy by £50bn and create 28,000 jobs
Purdue Pharma plan moves forward despite challenge from opioid victim Plaintiff says company’s bid to exit bankruptcy omits US government plan to seize $225m that should go to victims
Union leaders’ exit from DNC exposes ‘mind-boggling’ tensions inside Democratic party Lee Saunders and Randi Weingarten say party not standing up for working people amid ‘existential battle’ under Trump