BBC to cut up to 2,000 jobs in biggest downsize in 15 years

Announcement comes before Matt Brittin replaces Tim Davie as director general next month

UK’s largest housebuilder to buy less land in blow to Labour’s homes target

Barratt Redrow blames effects of Iran war and expected impact on mortgages and costs for further reduction

IMF calls for countries to economise on energy supplies, and hails UK’s budget deficit improvement – as it happened

Rolling coverage of the latest economic and financial news, as IMF managing director Kristalina Georgieva gives a press conference in Washington DC

Government’s 1.5m housebuilding target in England is suffering from subsidence

As the country’s biggest housebuilder cuts land buying and the Iran war pushes up costs, setting such an ambitious figure appears even more foolish

New EU entry-exit system causing up to three-hour delays, say airports

Airport body has asked for power to suspend EES checks requiring personal information and biometrics

Big US banks rake in near $50bn profit as Iran war shakes markets

Six lenders, including Bank of America, Morgan Stanley and JP Morgan report jump in first-quarter earnings

Gina Rinehart has been forced to share her riches. But will she fight on or end the family feud?

A 15-year court battle costing millions of dollars ended in a partial defeat for the tycoon. Will she now bury the hatchet or double down and keep fighting her children and rivals?

The IMF refuses to name the cause of this global chaos. It starts with ‘Donald’ and ends in ‘Trump’

The International Monetary Fund remains stuck in a situation where the biggest concern about inflation is wages

Will Qantas and Virgin continue raising fares and cutting routes? This graph may give the answer

Price of jet fuel has climbed by 125% since start of Iran war – giving Qantas and Virgin a big challenge as fuel accounts for a fifth of expenses

Trump threatens to fire Fed chair Jerome Powell amid pressure campaign

US president says he has ‘held back’ on firing the head of the Federal Reserve leading up to end of Powell’s term in May

Economic shock from Iran war risks driving up global debt levels, says IMF

Conflict is pushing up price of energy and food, fuelling higher borrowing costs and hitting growth, report says

How the US-Israel war on Iran is affecting African economies

For some, the impact is already being felt but others remain in limbo over their energy security and are hostage to an unlikely de-escalation

Norwegian group in talks to buy former Liberty Steel works in South Yorkshire

UK official receiver understood to prefer Blastr as buyer for SSUK’s electric arc furnace in Rotherham and site in Stocksbridge

$30m an hour: big oil reaping huge war windfall from consumers, analysis finds

Exclusive: Climate action blockers including Saudi Arabia, Russia and major fossil fuel firms set to make extra $234bn by end of 2026

Gina Rinehart’s Hancock Prospecting to pay hundreds of millions’ worth of royalties to rival family in ‘half loss half win’

Landmark ruling finds Wright Prospecting successfully made out its contractual claim to 50% of past and future royalties from Hope Downs iron ore project