US Senate confirms Kevin Warsh as Federal Reserve chair, replacing Jerome Powell

Warsh will serve four-year term as chair, taking over amid rising inflation and pressure from Trump to lower rates

Milka maker milked shoppers over size of chocolate bars, German court rules

Brand owner Mondelēz was accused of reducing weight of Alpine Milk bar from 100g to 90g without significantly altering the packaging

Watchdog to examine whether Reform UK leader should have declared sum he received before entering parliament

Reform UK leader insists the sum did not have to be declared but there are also other aspects of his finances to be addressed

Uline, owned by billionaire Republicans Richard and Liz Uihlein, halts construction of a new facility in Kenosha

Keir Starmer set out bills to abolish NHS England, overhaul Send provision, limit jury trials and forge ties with EU

Co-founder of Gap whose tastes helped establish the template for the clothing brand’s affordable ‘preppy’ look

IEA warns that mounting supply losses from the Strait of Hormuz are depleting global oil inventories at a record pace

Council has voted to lease the Tropicana to entertainment company Live Nation which plans to turn abandoned space into events venue

With US inflation at a three-year high, US president insisted he’s not focused on economic hardship sparked by the conflict

CEO admits talks with Chery as other European carmakers discuss plans with Chinese firms to share factory space

FTSE 100 business ‘minded to recommend’ £60-a-share tilt from company owned by billionaire Wallenberg family

Bovis Homes owner’s shares plunge 10.5% after being forced to cut prices as buyers become cautious

Invitation to be part of group including Elon Musk and Tim Cook highlights American AI and tech ambitions

Low-profile Modella has positioned itself as a key creditor, landlord and brand owner to struggling TG Jones as store closures and job cuts loom