Senate Democrats move to stall Trump’s ‘absurd’ bid to install new Fed chair Democratic lawmakers urged Republican leaders to postpone the confirmation hearing of Kevin Warsh
Rachel Reeves warns other budgets may be cut to lift defence spending Chancellor says she is ‘working through a range of options’ to boost the armed forces but does not want to put up taxes
Next chief Simon Wolfson paid record £7.4m – and could get far more this year ‘Sustained outperformance’ merits pay rise, says company after it ups profit guidance to £1.2bn for year to January 2027
It will take more than £600m a year to boost UK industrial competitiveness Bics fix accepts nose-bleed energy bills are a structural problem but pretends they are only an issue for a narrow section of industry
IMF chief Georgieva warns ‘everyone will feel the impact’ of energy price shock, as UK growth beats forecasts – as it happened There will be flight cancellations ‘soon’ if oil supplies are not restored in coming weeks, says head of IEA
Europe has only six weeks’ supply of jet fuel left owing to Iran war, says energy chief There will be flight cancellations ‘soon’ if oil supplies are not restored in coming weeks, says head of IEA
Metro Bank boss handed record £2.6m a year after slashing 1,000 jobs Dan Frumkin’s pay package comes after bank’s near collapse and rescue by Colombian billionaire
Wall Street seems to have decided the recession risk is over. Can the Australian market do the same? Experts say US market ‘may have run ahead of itself’ while ASX 200’s more modest recovery is due in part to Australia’s reliance on fuel imports
News of BBC jobs cuts ‘real concern’, says UK’s culture secretary Lisa Nandy says staff have been strongly affected as some express frustration that high-paid presenters and executives likely to be safe
Starmer tells social media firms: ‘Things can’t go on like this’ PM demands real world changes in Downing Street meeting with senior figures from Meta, TikTok, Google and X
Stakes high as supreme court set to rule on law involving Monsanto’s weed-killing pesticide Risks from cancer and other diseases could be hidden with little accountability if justices favor big firms, critics warn
Pedro Pascal v Pedro Piscal: actor in legal battle with Chilean spirit brand Pedro Piscal pisco is latest Chilean brand to resemble a Hollywood name – and others have fought off the lawsuits
‘A dollar or two increase is devastating’: US readers on toll of rising gas prices Guardian readers describe how their lives have been upended by cost hikes stemming from Trump’s Iran war
MSC’s ‘blue tick’ scheme creates illusion of ethically sourced fish, study claims Sustainability certification by Marine Stewardship Council may be obscuring labour abuses in seafood supply chains, say researchers
Tesco warns profits could fall amid Iran war uncertainty Boss Ken Murphy plays down food inflation fears as supermarket’s annual profits rise by 8.5% to £2.4bn