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British American Tobacco accused of helping North Korea fund terrorism in lawsuit

Victims of terrorist attacks say BAT’s operations in North Korea helped fund weapons used in the Middle East

Donald Trump expected to nominate Kevin Warsh as US Federal Reserve chair

Choice of former Fed governor to succeed Jerome Powell comes amid attack on central bank’s independence

SpaceX reportedly mulling Tesla merger or tie-up with Elon Musk’s xAI firm

Rocket company examining feasibility of both options before potential $1.5tn stock market flotation, report says

Friday briefing: How Britain’s high streets became a barometer of national decline

In today’s newsletter: As boarded‑up units spread from coastal towns to former industrial centres, a new ​Guardian investigation reveals how ​o​ur high streets have become a litmus test for public frustration and ​p​olitical choices

UK’s first rapid-charging battery train ready for boarding this weekend

Great Western Railway service recharges in three and a half minutes between trips on west London line

Trump threatens tariffs on goods from countries that sell oil to Cuba

White House cites Cuba’s ties to hostile powers as order ratchets up Trump’s pressure to topple its government

Apple reports massive spike in iPhone revenue, particularly in China

The iPhone maker reported first-quarter earnings after market close

AstraZeneca to invest £11bn in China after rowing back on UK expansion

Keir Starmer says the move, announced during his trip to Beijing, will help support thousands of British jobs

What agreements have been made during Starmer’s trip to China?

Several deals have been struck so far but there does not appear to be a big bundle of investments worth billions

Organic salmon certifier forced to share findings amid claims consumers misled

Information tribunal rules Soil Association must disclose salmon farm inspection reports to WildFish campaigners

What is behind the extraordinary rise in investment into silver and gold?

Experts say factors including Trump’s aggressive policies and pressure on the dollar are pushing investors toward ‘safe haven’ of precious metals

Chinese state media views Starmer’s visit as act of economic pragmatism

PM praised for not pressuring Xi over his ties with Putin on a trip seen as business ‘taking precedence over politics’

‘Generational shift’ towards sparkling wine behind strong sales, says UK’s Chapel Down

Kent-based producer sees better-than-expected 19% sales rise on back of millennials’ preference for ‘lighter, crisper style of wine’

Brent crude tops $70 per barrel on Iran concern; gold and silver tumble from record highs – as it happened

Rolling coverage of the latest economic and financial news, as metal prices continue to soar

Rate-rigging convictions of five bankers referred to UK appeals court

Referral comes after supreme court overturned convictions of two other traders, Tom Hayes and Carlo Palombo

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  • Travelodge boss resigns following criticism of handling of assaults; rising consumer confidence gives Burnham ‘golden opportunity’ – business live
  • Travelodge boss quits amid fallout over hotel chain’s security failings
  • Oxfam ‘can’t guarantee future’ of charity shops as it also reviews warehouse business
  • US gross national debt tops $40tn for first time
  • Can Andy Burnham rewire the ‘Treasury brain’ to boost growth?
  • All power to the UK competition watchdog’s war on ‘drip pricing’
  • Is the US actually too chicken to take on China for trade?
  • Jaecoo owner Chery takes ‘next step’ in UK push with R&D centre
  • Australia’s drop in real wages is a disaster. But the profits of major corporations are doing just fine
  • US treasury doubles debt buyback to steady bond market amid inflation fears
  • Lewes derailment: images show track defect before incident on hottest day
  • British energy bills forecast to hit three-year high this winter
  • US Treasury bond yields tumble after Scott Bessent steps in to calm market – as it happened
  • Ukrainian diver arrested in Croatia over Nord Stream pipeline bombings
  • Rising inflation underlines scale of Andy Burnham’s cost of living challenge
  • Trainline, Virgin Atlantic and Red Driving School investigated over hidden fees
  • Dog food recalled in UK after reports of pets losing their sight
  • Revealed: FCC chair Brendan Carr’s close coordination with White House and rightwing media
  • Virgin Australia apologises to disability advocate removed from flight over wheelchair motor
  • Shares in humanoid robot firm Unitree surge 600% on Chinese stock market debut
  • UK inflation rises to 2.9% as Iran war drives up energy bills
  • UK relies on heat-stressed countries for fruit and veg it could grow itself – report
  • Trump pauses Canada tariffs threat, and hints at revival of Keystone XL pipeline
  • ‘Can’t enjoy your pint’: Wetherspoons customers welcome ban on loud phones
  • Ministers are waking up to Britain’s gas supply risks. It’s time for decisions
  • Philip Pullman and Maggie O’Farrell among authors urging Burnham to cut business rates on bookshops
  • Alex Ungar obituary
  • Cooling UK labour market ‘questions need’ for Bank of England rate hikes; grocery inflation slows to two-year low – as it happened
  • ‘A feudal relationship’: Stonegate Pub Partners under scrutiny after complaints of tenant mistreatment
  • Ikea to take on eBay and Vinted with UK online secondhand site

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