Inflation eases to 4.2% but interest rate rise still on horizon, economists warn
Inflation dipped in the year to April as the government’s fuel excise relief kicked in, but price pressures remain and experts predict RBA may still raise cash rate
How the plastic bottle cap became a parable for the value of EU regulation
Supporters of deregulation want Europe to be more like the US. But that would serve only American interests, says Alberto Alemanno, a professor of EU law
‘Scum’: Trump attacks US states’ efforts to regulate prediction markets
President says federal government must retain regulatory authority as concerns grow over ‘addictive’ platforms
Inquiry into Post Office Horizon scandal faces five-year delay without extra funding
Police officer in charge says budget could reach £19.3m and nearly 100 more investigators are needed
Ministers urged to press ahead with UK ban on zero-hours contracts
Campaigners reject claims that tougher rules will deter hiring and lock young people out of labour market
Manchester University to offer work placements to all undergraduates
Russell Group university promises students, from chemical engineering to classics, ‘meaningful real-world experience’
The Guardian view on Britain’s economy: to profit politically a recovery must be felt in people’s pockets
Editorial: The chancellor can point to growth and lower inflation, but weak job data, flat living standards and uncertain productivity are no reason to cheer
People in Kent and Sussex asked to use water only for essentials after outages
South East Water says demand has jumped owing to extreme heat but stops short of compulsory measures
Rein in fossil fuel tax concessions, Labor MP says after BHP revelations
Jerome Laxale breaks ranks to publicly back reforms that would also wind back the diesel fuel rebate
BP chair removed over ‘unacceptable’ governance oversight and conduct issues; UK petrol prices hit new Iran war high – as it happened
Rolling coverage of the latest economic and financial news
Spotify boss defends move to AI music, saying it is better than ‘slop’
Streaming platform says remix tool agreed with Universal Music Group will protect artists from piracy
Oil price rises back above $100 a barrel as energy market may be past ‘point of no return’
Crude rises after US strikes on Iran dampen hopes of peace deal, with experts saying talks appear stuck in ‘endless loop’
BP removes chair Albert Manifold over ‘serious’ governance and conduct concerns
Oil company is FTSE’s biggest faller as chair departs immediately after only eight months in the role
Ferrari shares fall after launch of first EV as Jony Ive design proves divisive
Some analysts question whether design of Luce, starting at $640,000, lives up to sportscar car brand’s heritage
Truck drivers say ‘racism’ behind Trump administration’s license restrictions on immigrants
Rule prevents many immigrant truckers from renewing driver’s license – even if they’ve driven legally for years