Rachel Reeves signals plan to remove two-child benefit cap in budget

Chancellor understood to be preparing to fully reverse measure, which would cost over £3bn but could lift 350,000 children out of poverty

Can ex-Tesco boss Drastic Dave refresh the fortunes of drinks giant Diageo?

City heavyweight has cheered the markets by taking helm at Guinness owner, but there may be forces he cannot overcome

Ukraine’s energy sector faces wide-scale investigation over ‘kickback’ allegations

Anti-corruption agency says state nuclear power operator Energoatom taking illicit payments of 10-15%

Reeves suggests two-child benefit cap will fully go, saying children in big families should not be ‘penalised’ – as it happened

Chancellor interviewed on Radio 5 Live and says it’s unfair to penalise children in bigger families

FTSE 100 hits record high as US shutdown breakthrough sparks market rally – as it happened

Rolling coverage of the latest economic and financial news, as stocks in London hit new peak

Can OpenAI keep pace with industry’s soaring costs?

As investor jitters grow, the loss-making ChatGPT firm’s vast spending commitments test the limits of Silicon Valley optimism

Troubled drinks giant Diageo names former Tesco boss to lead turnaround push

Appointment of Sir Dave Lewis as CEO represents significant coup for struggling FTSE 100 firm

UK transport and cyber-security chiefs investigate Chinese-made buses

Move to assess potential risk of remote meddling by Beijing with Yutong buses follows investigations in Norway and Denmark

‘Young audiences are less scared of it’: why London jazz clubs are expanding and thriving against the odds

As the Jazz Cafe and Ronnie Scott’s expand, and Blue Note eyes its arrival, proprietors say there’s an energy in the scene – but financial pressures remain

Southern Water apologises for catastrophic spill of plastic biobeads in Sussex

Resulting pollution on Camber Sands beach poses threat to wildlife including dolphins and seals

How could Zohran Mamdani pay for his bold agenda for New York? We broke it down

A look at the realities the mayor-elect will face to pay for his progressive policies – and whose support he needs

Antidepressants are trendy. That’s a double-edged sword

It’s great the taboo is fading. But as TikTok influencers tout them, it’s a slippery slope to the memeification of disorders

Lloyds the landlord: how the bank quietly became a big rental property player

Bank has a £2bn rental property portfolio via its Lloyds Living arm, amassing 7,000 properties so far with plans to add 43,000 more by 2030

Billionaire Tory donor gives £200,000 to Reform UK

JCB chair Lord Bamford hands equal amount to Tories and Reform to support parties he says ‘believe in small business’

Metro Bank’s credit file markers are adding to the pain of our son’s death

Bank refuses to remove late payment markers after we were twice late repaying our mortgage in last months of his life