Kevin Warsh sworn in as Fed chair as Trump faces backlash over economy Former Wall Street banker takes over amid growing concern over cost of living and disapproval of Trump’s agenda
‘Everyone is proud of it’: dismay in Halifax at Lloyds’ threat to historic brand The bank, formerly a building society, has carried the name of the Yorkshire town since 1853 and most locals think it should be preserved
‘I’m not trying to replace him’: meet the media mogul taking over Stephen Colbert’s time slot on CBS Byron Allen’s show Comics Unleashed will take the 11.35pm time slot vacated by the cancellation of The Late Show
UK bond yields set for biggest weekly drop since 2024; retail sales fall as drivers cut back on fuel – as it happened Rolling coverage of the latest economic and financial news
What is immunotherapy and how does it treat cancer and other conditions? From infections and allergies to brain diseases and autoimmune disorders, a wave of trials offers hope
Estée Lauder ends merger talks with Gaultier owner Puig Key sticking point to building beauty powerhouse was level compensation demanded by Charlotte Tilbury
Standard Chartered boss apologises for ‘lower-value human capital’ comments amid job cuts Bill Winters faced backlash over remarks about some of near 8,000 staff set to lose roles to AI
Britain braces for long, hot traffic queues amid extra border checks Almost 19m drivers expected on roads over bank holiday weekend, with heaviest traffic on Friday and Saturday
Hyperlocal, seasonal and eco-friendly: British flower farms are coming up roses Figures show domestic flower growers are expanding their market share, as the government gives sector official recognition
Local US newspaper workers allege Hearst is trying to ‘destroy unions’ Media company says it is ‘committed to good faith bargaining’ amid claims including contract violation
Mars colony and Grok warnings: five strange details in SpaceX’s pitch to investors IPO filing from Elon Musk’s company reveals look at finances, cosmic ambitions and insight into tech empire’s quirks
Number of air conditioned UK homes doubles to more than 4m in three years Greater working from home and hot summer temperatures believed to be driving increase in ownership
UK borrows more than forecast in April as inflation adds to benefits bill The £24.3bn figure comes amid rising cost of pensions as bond market jitters take monthly debt interest to £10.3bn
Biggest drop in petrol purchases in six years hits retail sales in Great Britain Drivers conserve fuel amid Iran war uncertainty, pushing overall sales down 1.3% in April
Ditched government projects lost taxpayer £6.6bn last year, watchdog says Spending committee finds MoD most wasteful and also points to cancelled schemes such as Rwanda and Stonehenge