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GSK to buy food allergy drug maker RAPT in $2.2bn deal

US-based biotech firm is developing treatment for allergies to nuts, milk and eggs in children and adults

‘An evolving era of play’: UK toy sales rise for first time since pandemic

Film and TV tie-ins, Lego sets and Toniebox speakers help push sales 6% higher in 2025, after five years of no growth

Economic blackout day planned in Minnesota to protest ICE surge

Unions, faith groups and local leaders urge residents not to work, shop or go to school after killing of Renee Good

Bessent urges Europe not to retaliate against Trump’s Greenland tariffs

US treasury secretary says at WEF in Davos that countries and companies should pause and ‘let things play out’

Number of employed people in UK falls again as wage growth slows

Shops, restaurants and hotels particularly hit by slowdown in hiring, as unemployment remains at 5.1%

I got a fine after Cineworld cut its parking time limit

The cinema chain didn’t warn me clearly when I went to see Avatar: Fire and Ash that I needed to register my number plate

New City & Guilds owners tripled bosses’ pay amid £22m cost-cutting drive

Total pay of the qualification body’s top six executives has risen by 240% to £6.2m since charity sold it

UK aviation reforms could sideline public input over flight paths, campaigners warn

Plans to speed up airspace changes for Heathrow expansion could mean industry influences decisions on noise and routes

Reeves plans to refund some visa fees in effort to attract ‘trailblazer’ investment to UK

Chancellor, who flies to Davos on Tuesday, will announce changes aimed at encouraging global firms to bring highly skilled staff to Britain

UK exposed to ‘serious harm’ by failure to tackle AI risks, MPs warn

Government, Bank of England and FCA criticised for taking ‘wait-and-see’ approach to AI use in financial sector

Water firms could be let off pollution fines as part of government overhaul

Exclusive: Campaigners claim changes will let companies ‘off the hook’, as government prepares to unveil new white paper for water industry

What are Trump’s latest tariff threats and could EU hit back with ‘trade bazooka’?

Europe could use powerful but untested law amid pressure over Greenland – but it could also lose out from a trade war

Markets stay calm amid Trump’s gambit, but long-term risks are huge

Traders have learned to live with the US president’s rhetoric, but the EU’s measures could go beyond tariffs and into capital markets

Rashida Tlaib on fighting billionaire oligarchs: ‘The American people overwhelmingly want to tax the rich’

The Democratic representative plans to introduce a bill halting subsidies and tax advantages for the super-rich

European stock markets fall as Trump renews tariff threats; trade war would be a ‘wrecking ball’ for UK manufacturing, union says

Rolling coverage of the latest economic and financial news

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  • Trump drops some Canada tariffs in bid to boost embattled Susan Collins in Maine
  • Oil price rises above $117 a barrel amid fears US will renew strikes on Iran
  • Tell us: have your spending habits changed recently?
  • Telegraph cuts up to 100 jobs as new owner promises to turn paper into ‘AI-powered’ global business
  • Oil hits five-month high as global stocks wobble on AI fears; retail sales in Great Britain fall as shoppers cut back – as it happened
  • UK government to make unprecedented intervention in setting of water bills
  • The young Americans choosing Y2K cars over shiny new SUVs: ‘I get so much crap from people’
  • Retail sales in Great Britain fall as struggling households cut back
  • Boom in weight-loss drugs could lead to fall in beer sales, Heineken warns UK pubs
  • UK consumer confidence falls at fastest rate since Brexit vote as cost of living bites
  • India slashes cost of cancer drugs after court rules mark-ups are ‘extortion’
  • Some of Europe’s highest energy costs expected in Britain this winter
  • Britain’s gas security needs reinforcement. Last-minute deals with Belgium are not a proper fix
  • Youth mobility scheme may be delayed to ensure success of UK-EU summit
  • Jim Chalmers faces a world of hard choices where the solution to one problem makes the other worse
  • Elon Musk reportedly invests $1bn in David Ellison’s Skydance
  • UK to relax post-2008 rules that hold City bosses accountable for wrongdoing
  • Every Briton should stockpile water and food supplies, government advises
  • US judge orders Trump to sit for deposition in $10bn lawsuit against BBC
  • Race to rearm: Telford gun hall brings tank barrel production back to the UK
  • Revealed: billionaire Reform donor was in business with foundation linked to Iranian regime
  • ‘No indications’ PHP code flaw has led to government systems being hacked, cyber security official says – as it happened
  • Cyprus police investigate financial and tax affairs of ex-Chelsea owner Roman Abramovich
  • Meta strikes deal with Mark Zuckerberg to help him foot billionaire tax bill
  • Barclays to cut 5,000 jobs as bank’s bosses hail AI productivity advances
  • Barclays cuts 5,000 jobs as profits jump ahead of looming bank tax; French bond yields hit fresh 24-year high – as it happened
  • Marine life in Gulf of Mexico has still not fully recovered from 2010 BP oil spill
  • Tax online sales more heavily to save high streets, Burnham urged
  • Economy set to worsen, with higher unemployment and weaker growth on the way, Jim Chalmers reveals
  • Oil prices jump to five-month high as attacks threaten global supply

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