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