World held hostage by reliance on fossil fuels, Christiana Figueres warns – and climate health impacts are ‘mother of all injustices’

Former UN climate chief to co-chair Lancet Commission examining how sea-level rise is reshaping health, wellbeing and inequality

Oil and gas crisis from Iran war worse than 1973, ​1979 and 2022 together, says IEA

Oil prices swing and stock markets tense on approach to Trump’s deadline for Iran to reopen strait of Hormuz

Universal Music, home to Taylor Swift and Drake, receives €55bn takeover offer

Bill Ackman’s Pershing Square claims world’s biggest music company has suffered because of delay of US listing

Oil back above $110 in volatile markets as Trump deadline looms for Iran to reopen strait – as it happened

IMF head warns Middle East war will lead to higher inflation and slower global growth while IEA director says oil and gas crisis ‘more serious than the ones in 1973, ​1979 and 2022 together’

BP shareholders advised to vote against chair over climate resolution exclusion

Glass Lewis says blocking of proposal to share company’s longer-term strategy at AGM raises transparency issues

Hedge fund borrowing exposes emerging markets to greater Iran war risk, says IMF

Analysis shows developing economies more likely to experience higher interest rates and currency shocks

Musk’s SpaceX courts retail investors as it aims for record-breaking stock market flotation

Elon Musk’s aerospace to AI company will host summer event to try to convince buyers it is worth $2tn

JP Morgan reaches agreement with City airport for Canary Wharf’s tallest tower

Bank to submit planning application shortly, after securing deal on 265m-high London Docklands building

DC’s highly qualified workers can’t find jobs: ‘What is happening?’

Washington DC has the highest unemployment rate in the US

Iceland chain offers job to man sacked by Waitrose after confronting shoplifter

Iceland’s chair Richard Walker says Walker Smith is ‘welcome to a job with us’ as public fundraiser hits £7,500

My mother has been overpaid her civil service pension and ordered to repay it

Through no fault of their own, she faces repaying £100 a month until she is 93 or face legal action

UK City firms report fastest turnaround in fortunes in 30 years

CBI figures showing surprise jump in financial sector’s growth will be welcome news for Rachel Reeves

Want to know capitalism’s endgame? Just look at private equity – it has captured our everyday lives

These companies now own everything from nurseries to care homes, squeezing vital services for profit while we foot the bill, says Hettie O’Brien, author of The Asset Class: How Private Equity Turned Capitalism Against Itself

UK manufacturers ‘will pay £940m a year more in business rates due to Reeves changes’

Government should look at ways to help as firms are paying disproportionate bills, says MakeUK

‘Italy has the best benefits’: Milan takes on Dubai as home for the super-rich

With the UAE under fire from Iranian missiles, wealthy investors are turning to Italy’s flat-tax haven