The British food scene was booming. Why has it suddenly gone bust?

Once mocked internationally, the UK became a gastronomic hotspot in recent decades – London was hailed as the foodie capital of the world. Now many Michelin-starred restaurants have closed and the rot is spreading

World’s largest banks pledged $906bn to fossil fuel companies in ‘unfathomable’ increase in 2025, report finds

JPMorgan Chase leads 65 banks making decisions incompatible with restraining rising temperatures, researchers say

Air passengers ‘risking lives by grabbing bags and filming in emergencies’

Fines may be needed to deter travellers from retrieving hand luggage, says official from airlines body Iata

EU quota system ‘could kill Ukrainian steel industry’, boss says

Protectionist measures will deal blow to country’s budget as it defends itself against Russia, says Metinvest chief

Healthy cooperation: how northern universities are linking with NHS trusts to drive innovation

Backed by a mix of private and public finance, Huddersfield and Manchester are among many in the academic sector helping to create jobs and growth

Pilot ‘hyperlocal’ job support scheme in England shows promising signs of effectiveness

Government-funded JobsPlus trial in 10 neighbourhoods could be scalable nationwide, evaluation shows

OpenAI confidentially files for initial public offering on US stock market

ChatGPT maker expected to be valued at more than $850bn, one of most highly valued listings in market history

France and Germany abandon joint project to build European fighter jet

Paris and Berlin conclude firms involved unable to agree on way forward in blow to Europe’s common defence push

Oil price falls back and Wall Street rallies after Iran announces ‘end of military operations’ against Israel – as it happened

Rolling coverage of the latest economic and financial news, as South Korea’s KOSPI index slumps by 8%

Nationwide nearly doubles CEO’s pay packet to £4.7m despite bonus row

Debbie Crosbie receives £3.2m in bonuses after mutual building society’s takeover of Virgin Money

City watchdog sues Neil Woodford for allegedly offering unauthorised investment advice

Move comes months after the FCA announced plans to ban the former investment star from holding senior City roles after collapse of popular equity fund

Stock markets fall as concerns persist over tech firms at heart of AI boom

Drops follow sharp sell-off of US tech stock last week while oil prices seesaw after Iran and Israel exchange strikes

Unions attack ‘year-long delay’ for Tata Steel furnace’s grid connection in south Wales

Government urged to help speed up vital industrial project amid growing alarm over National Grid delays

‘I’m tired of getting kicked in the teeth’: firefighting union leader seeks to shake up Congress

Pennsylvania’s Bob Brooks is one of a slew of working-class Democrats on the ballot – can he beat a Koch-backed rival?

Tate & Lyle agrees £2.7bn takeover by US rival in new blow to London market

Venerable but struggling UK firm backs deal with Chicago-based Ingredion putting nearly 500 jobs worldwide at risk