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US added 115,000 jobs in April in surprise gain amid Iran war uncertainty

Unemployment remained steady at TK% as the US-Israel war on Iran continues to rattle the American economy

Iran war costs Toyota £3bn as prices of materials soar and sales fall

Carmaker gives one of biggest warnings yet of conflict’s impact on businesses while Trump tariffs also take toll

British Airways fares to rise in attempt to offset £1.7bn fuel cost hit

Owner IAG expects to recover 60% of additional fuel bill caused by Iran war through ‘revenue and cost management’

Tell us: has your flight been cancelled?

How has this affected you? Have you been able to make alternative plans?

Trump walks back threat to rip up part of EU trade deal but tells bloc to ratify by 4 July

Trump sets Fourth of July deadline as he vents impatience at speed of EU’s implementation

Airline emissions in Europe top pre-Covid levels despite pledge to decarbonise

Promises to cut emissions and use more fuel-efficient planes fail to stop rise, with Ryanair’s carbon footprint 50% up on 2019

Our cities are choked by cars – here’s how experts would fix them

Turning parking bays into green spaces and prioritising cyclists may be the fastest routes to improving urban life

‘The worst time for wheat’: US farmers face losses to extreme heat and drought

Temperature swings have left crops across the Plains in terrible conditions, with some farmers opting not to harvest

UK house price growth halved as Iran war fallout hits housing market

Halifax says cost of typical home fell by 0.1% in April, the second consecutive monthly drop, with pace of annual growth down from 0.8%. to 0.4%

The dubious story of a student who won $100,000 betting on the weather

Urban legend has it AI-based system scanned aviation data and weather-betting sites, then identified mismatches to get good odds

GameStop CEO opens eBay storefront to pay for potential eBay acquisition

Ryan Cohen selling tube socks and baseball cards after offering $55.5bn, although source of funds remains unclear

Gas-fired power still looks a safe bet for Centrica in the renewables era

There will still be a need to have gas in the wings to keep the lights on, so the financials stack up on Severn plant purchase

Senate Democrats press top media regulator Brendan Carr to back off ABC

Senators sent letter to FCC chair, Brendan Carr, in protest at commission’s order last week challenging ABC’s licenses

Financial stability risks are rising as AI fuels cyber-attacks, IMF warns; oil below $100 on Iran peace hopes – as it happened

Rolling coverage of the latest economic and financial news

Climate campaigners attack Shell over ‘windfall’ profits from Iran war

Firm benefits from conflict to rake in $6.9bn as higher energy prices turbocharge profits

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