Climate sceptics cheering as they melt in record temperatures? This heatwave is where satire has come to die

Delegates at an ‘anti-woke’ conference disparaged Ed Miliband’s net zero policies. But even they could not ignore the sweat on their foreheads, says Guardian columnist Jonathan Freedland

Great Britain’s grid operator warns again over power supplies in heatwave

Neso asks generators to provide extra electricity on Friday evening to meet demand from fans and air conditioning

Key TG Jones landlords back restructuring plan; oil price hits four-month low – as it happened

Rolling coverage of the latest economic and financial news

VW plans to cut up to 100,000 jobs and shut plants, report says

German firm reportedly considering doubling previously announced staff reductions amid Chinese competition

OpenAI staggers AI model release after Trump administration request

Sam Altman announces limited preview of GPT 5.6 in move that echoes launch of Anthropic’s Mythos

‘Fork in the road’: CEO of Amazon-backed Rivian on why carmakers need to invest in EVs

RJ Scaringe says firms focused on selling fossil fuel engines risk being ‘woefully behind’ on technology by end of decade

‘Make people dream’: how to build an economy for the common good

Economist Prof Mariana Mazzucato says governments must ‘get back their mojo’ and believe they can change the world

ITV shelves rugby in-game adverts after brands pour cash into World Cup instead

The broadcaster is keen not to antagonise viewers after hydration breaks proved unpopular at the football World Cup

Revolut pushes new recruits into office in shift from ‘remote-first’ policy

Hundreds of graduates and interns at finance firm will now have to work in office at least three days a week

First major hydropower projects in Great Britain in 40 years given go-ahead

Three pumped storage hydroelectric power station sites in Scotland on list of 16 long-duration electricity storage plans

As billionaires’ wealth soars, US workers struggle: ‘The rich keep getting richer for no good reason’

Ultrarich face backlash as billionaire tax in California makes it to the ballot and Americans organize for higher wages

Heathrow expects fall in passengers and profits this year because of Iran war

Airport has also been ‘engaging closely’ with regulator to discuss cost of plan to build third runway

Too hot for work: why extreme heat is a threat to Europe’s productivity

High temperatures make some workplaces dangerous, with economists warning disruption will dent growth

Crown estate makes more than £1bn profit for third year running

King Charles’s property management firm rakes in £1.2bn as it continues to benefit from offshore windfarm boom

US media regulator Brendan Carr accuses Disney of ‘misinformation’ on investigations

Disney-owned ABC launched awareness campaign about two FCC investigations it faces, urging viewers to write in