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Price of olive oil expected to rise again as European crops feel the heat

Farmers warn impact of high temperatures, drought and wildfires on range of foodstuffs means costs will increase

What, no sequinned crooners? How cruises became the home for world class theatre

Forget cheesy acts, these days cruise ships boast the cutting edge tech to stage hip West End productions and Olivier award-winning musicals – and young people are loving it

‘This quarter was otherworldly’: Palantir earnings surge past expectations

Shares soar as yearly revenue up 93%, even as opposition grows to company’s role in Trump immigration agenda

US states sue Trump administration over new tariffs on 60 trading partners

Coalition of 25 states asks US Court of International Trade to halt tariffs and declare them them unlawful

Apple launches legal challenge against UK government demand to access data

The Home Office has made a fresh request for ‘back door’ access to encrypted iCloud data belonging to British users

AstraZeneca should stick to its winning formula. It doesn’t need a $400bn US mega-merger

The Anglo-Swedish drugmaker’s flirtation with a grand combo with US group Bristol Myers Squibb is baffling

AstraZeneca falls to third-largest UK company amid US merger talks

Proposed $400bn tie-up with Bristol Myers Squibb would create world’s fourth-largest drugmaker but analysts question rationale

UK economy faces recession if strait of Hormuz remains closed, EY warns – as it happened

Rolling coverage of the latest economic and financial news

Oil prices plunge and Europe’s markets rally after Trump calls off Iran strikes

Brent crude drops by 5% after US president claimed talks on Middle East peace deal would resume

Iran in talks with Oman over shipping route but not US, says Tehran

Iran discussing creation of temporary route through strait of Hormuz with its neighbour, says spokesperson

Barbie sequel at risk as salary talks with Robbie, Gosling and Gerwig hit impasse

Warner Bros faces losing rights to the blockbuster sequel if deals with the film’s stars and director are not agreed by December

UK manufacturing growth picks up as Trump tariff chaos eases

Factories in upbeat mood despite fears over economic impact of US war on Iran, poll finds

Yen hits three-month high after Trump helps prop up currency

US and Japanese governments confirm they carried out a rare joint intervention late last week

Why has Trump stepped in to prop up Japan’s currency?

The US has bought up yen to strengthen the currency for the first time in almost 30 years, with the moves raising questions about America’s motives

At least five Mohamed Al Fayed abuse survivors confirmed as human-trafficking victims

Decision comes after group of survivors claimed ex-Harrods owner’s associates must have helped facilitate his crimes

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  • US long-term borrowing costs rise to 25-year high, as inflation fears hit bond sale – business live
  • Tougher crops and beaver dams: how UK farmers are tackling drought
  • Searches for UK homes with air conditioning more than double
  • BAE Systems to pay $36m penalty after 104 violations of US arms export rules
  • Water customers are not a ‘blank cheque’, Burnham tells suppliers
  • Energy nationalism and interconnectors: the next power threat?
  • Ukraine ‘offering Russia deal to halt attacks on civilian ships in Black Sea’
  • Edinburgh international film festival showcases a Scottish industry in rude health
  • Sports Direct owner Mike Ashley buys Harvey Nichols
  • Jack Crabtree obituary
  • Tesla paid Elon Musk 2.5m times more as CEO than its average worker in 2025
  • Is Australia’s buy now, pay later boom at an end?
  • Polls open in Clacton, where Farage spent more than £10,000 in byelection against Count Binface – as it happened
  • Andy Burnham ‘angry’ over water company bill increases; Sports Direct owner buys Harvey Nichols – as it happened
  • UK economy shows surprising resilience – but that may not last
  • South Korean airport becomes busiest in world for global traffic amid Iran war
  • UK economic growth slows down as Iran war pushes up energy prices
  • Australia’s largest aluminium smelter to run on renewables by 2033 after Rio Tinto strikes $2.5bn taxpayer bailout deal
  • India fuels worldwide jump in planned coal production
  • Telstra CEO gets $700,000 pay rise to $6.8m despite Australia-wide outage
  • Greenland forces Trump-linked US oil firm to delay drilling
  • The Guardian view on Japan’s yen: Trump wants to keep the easy-money machine running
  • Trump sued over $100,000-a-month early-access offer to Truth Social posts
  • Zhu Rongji obituary
  • Great Britain braced to pay millions for backup electricity during solar eclipse
  • Isn’t it amazing what a policy that actually tackles the cause of outrageous house prices can do?
  • US credit card debt climbs to $1.26tn, nearing last year’s record high
  • Canadian airline WestJet agrees to settle flight attendants’ sexual harassment class action
  • Global energy watchdog warns oil stockpiles ‘rapidly depleting’ – as it happened
  • US inflation cooled slightly to 3.4% in July but prices still elevated

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