Lawyers for Fed governor accuse Trump administration of ‘cherry-picking’ facts in fraud case
Lisa Cook’s lawyer details defense against accusations she misrepresented residences to get better mortgage rate
Japan and Switzerland’s economies contract as US tariffs hit exports; Alphabet shares jump after Warren Buffett reveals stake – as it happened
Rolling coverage of the latest economic and financial news
Reselling tickets for profit to be outlawed in UK government crackdown
Touts, and ordinary consumers, will no longer be able to charge anything more than price at which they bought ticket
UK officials ‘working day and night’ to resolve NHS drug pricing row’
Patrick Vallance says government trying to rebuild relations with pharma industry as he outlines life sciences ambition
GWR train fitted with F1 tech for two-month superfast wifi trial
Tryout of system, which switches between signals from 5G masts to low Earth-orbit satellites, could lead to wider rollout
‘Making films is who I am’: Tom Cruise gets lifetime achievement Oscar
The Hollywood star – who had been nominated for multiple Oscars but never previously won – was honoured at the Academy’s annual Governors awards, along with Dolly Parton, Wynn Thomas and Debbie Allen
TotalEnergies buys €5.1bn stake in Czech tycoon’s power plants business
Daniel Křetínský to become a major shareholder in French oil firm as part of deal creating 50/50 joint venture
Thames Water bidder says it is offering £1bn extra cash injection
Castle Water says restructuring plans do not go far enough and extra funds will help resolve pollution crisis
AI firms must be clear on risks or repeat tobacco’s mistakes, says Anthropic chief
Artificial intelligence will become smarter than ‘most or all humans in most or all ways’, says Dario Amodei
WPP shares leap amid takeover bid speculation
Advertising group declines to comment on reports of interest from rival Havas and private equity groups Apollo and KKR
Undisciplined? Entitled? Lazy? Gen Z faces familiar flood of workplace criticism
A new generation of younger workers are being derided as delusional and unreliable, just as millennials were
Reeves could allow holiday tax on English hotel and Airbnb stays
Move to give mayors powers to raise funds through levies, but industry says it will ramp up prices and inflation
Paul McCartney joins music industry protest against AI with silent track
Former Beatle and artists including Sam Fender, Kate Bush and Hans Zimmer record silent LP Is This What We Want
FCA’s first deputy CEO calls for stronger grip on vital tech firms
Sarah Pritchard suggests City regulator will make use of oversight powers amid growing number of outages
Asking prices fall as UK housing market hit by budget speculation, Rightmove says
November drop of 1.8% is biggest for this time of year since 2012, with chancellor’s plans looming