‘Bereavement penalty’: people who lost partners hit by insurance premium rises Campaigners claim AI algorithms are behind hefty increases in renewal quotes for home and car cover
About 1m Ford diesel cars sold in UK with defective emissions controls, court told Ford denies having created ‘defeat devices’ in legal action on behalf of 1.6 million owners against five carmakers
Australia welcomes Trump’s removal of tariffs on beef and other food imports ‘We maintain our position that tariffs on any Australian products are unjustified,’ trade minister Don Farrell says
English councils plan to sell off social clubs and sports centres to balance books Survey finds 60% of key cities councils are planning to sell assets to meet costs of adult and children’s social care
Trump reverses course and cuts tariffs on US food imports Order exempting coffee, beef, bananas and other items comes as White House fights off concerns about rising costs
Judge to approve $7bn settlement with OxyContin maker that requires Sackler family members to pay victims Deal would also require multibillionaire family to give up ownership of the Connecticut-based firm
Global markets struggle after tech sell-off and fears over Chinese economy Reaction follows Wall Street’s worst day in a month and unprecedented slump in investment in China
Trump accused of caving to big business after deal to cut Swiss tariffs to 15% Rolex denies ‘any negotiation’ with US although luxury watchmaker entertained Trump and gave him gold clock
China voices ‘extreme disappointment’ with Dutch minister at centre of car chip row Vincent Karremans called semiconductor supply chain crisis a ‘wake-up call for western leaders’
People in the US: how are your holiday shopping plans being affected by Trump’s tariffs and the cost of living? We want to hear from people in the US about how Donald Trump’s economic policies may be affecting their plans for holiday shopping
Rachel Reeves plans £7.5bn tax rise in budget after U-turn on income tax rates Chancellor expected to freeze level at which people start paying income tax for two years rather than putting rates up
Reeves’s plan to ditch income tax rise prompts government bond sell-off Switch in budget plan causes cost of UK government borrowing to rise by the most in a single day since early July
Reeves’s tax U-turn: how Labour changed course on budget plans Chancellor spent weeks preparing the ground for breaking manifesto pledge but events this week appeared to change her mind
Treasury won’t cut threshold for higher rate income tax, say sources – UK politics live Fallout continues over budget income tax U-turn, with Treasury saying expected fiscal gap has dropped to £20bn
What are Rachel Reeves’s options after U-turn on income tax rates? From freeze on income tax thresholds to reforming capital gains tax, we look at how much the alternatives could raise