Mutual retailer triples boss’s pay to £2.2m despite fall in profits OurCoop criticised by members after withholding annual profit-share payment despite soaring executive pay
Workers need greater say over AI rollout, says TUC-backed report Exclusive: IPPR thinktank calls for new measures to boost employees’ influence at ‘pivotal moment’ in history
‘It feels unfair’: the Britons struggling to get a mortgage since Iran war began Whether first-time buyers, in between homes or refixing, people tell of impact of higher mortgage rates on housing
KPMG Australia’s CEO Andrew Yates quits over whistleblower scandal Yates says ‘we have let ourselves down’ when dealing with allegations of client information being misused
CBS News shakes up 60 Minutes as ousted correspondents ‘fear what comes next’ Ex-New York Times journalist Nick Bilton to replace Tanya Simon as executive producer of the Sunday newsmagazine
White House pushes Congress to approve $250 bill with Trump’s image Treasury secretary says banknote would celebrate US’s 250th anniversary but Democrats vow to block move in Congress
Labour poised for fresh welfare changes after scale of youth jobs crisis revealed Alan Milburn’s landmark report says unemployment among young costs UK £125bn a year and warns of ‘lost generation’
Enfield council withdraws from government’s new towns programme London authority’s new Tory-led administration delivers significant blow to Labour’s flagship housebuilding scheme
‘They’re a private company, run for profit!’: fury in Kent at South East Water’s outages Water company blames increased demand in extreme heat, but customers want answers about lack of storage reservoirs
EU to discuss potential restrictions on Chinese imports amid fears of overreliance Concerns among leaders in bloc that surge in imports could lead to decline similar to that of US rust belt towns
US inflation rose at fastest pace in three years in April as Iran war hikes up prices Americans are growing frustrated with Trump’s handling of the economy as cost of living soars ahead of midterms
Burberry boss could earn up to £12.2m under new bonus scheme as company rolls back climate goals Company, which paid boss Joshua Schulman £4m in year to March, becomes latest to extend deadline to become carbon neutral
US PCE inflation rate hits three-year high as Iran war pushes up prices – as it happened Rolling coverage of the latest economic and financial news, as number of UK ‘Neets’ hits 12-year high
New food exports deal signals end to Brexit ‘sausage wars’ First details of agreement published, heralding end to EU-UK checks on dairy products, eggs, fish and fresh red meat