Crackdown on tech platforms will go ahead despite US intervention, says No 10

US embassy came out against UK’s proposed under-16 social media ban, which would affect American firms

UK’s biggest retailers urge government to act on youth unemployment

Bosses of M&S, Sainsbury’s and Tesco among those writing to Starmer that the ‘ladder of opportunity’ is wobbling

175-year-old Stoke-on-Trent company says Christopher Bailey’s investment will ensure continued production

Rolling coverage of the latest economic and financial news, as the AI trade bounces back

National average gas price stands at about $4.16 per gallon as Americans grapple with price hikes sparked by the war

Deal to create a streaming and sports powerhouse will be scrutinised by Competition and Markets Authority

Price of dairy product has risen fivefold after users of GLP-1 medications advised to increase protein consumption

Fears that EES checks requiring personal information and biometrics will cause summer of travel chaos in Europe

Complaints-led approach could pile £6bn of extra costs on to lenders, says City watchdog

Also: Anthropic advocates for a ‘pause’ on AI advancement – days after filing to go public on the US stock market

Nuvalent’s late-stage lung cancer treatments zidesamtinib and neladalkib are expected to launch later this year

Governor urges people to report videos on X that falsely show the men clashing in the Question Time studio

Updated Pentagon list includes swathe of China’s top technology firms in move that could inflame tensions between the countries

The magazine writes: ‘Resisting Gen-Z socialism is therefore an urgent task.’ That urgency must outweigh any urgency of feeding hungry people

Trump administration says restrictions could impose ‘disproportionate’ burden on US tech companies