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Mike Ashley’s Frasers makes €1.98bn takeover bid for Hugo Boss

Fashion and sportswear group, which owns 26% of the German luxury brand, is now seeking full control

Trump says ‘I love the inflation’ as rate rises to 4.2% amid Iran war pressure

Before the conflict began, inflation was at 2.4%, but the closure of the strait of Hormuz has affected energy prices

UK minister defends changes to student loans as criticism mounts

Lucy Rigby tells MPs heavily subsidised system gives the government the right to alter terms of existing agreements

For those shedding a tear over house prices falling, these numbers may change your mind

An average home would cost $595,500 now if prices were the same relative to income as before John Howard turned the market into an investor casino

The business secretary is overselling UK state investment activism

Peter Kyle exaggerates role of British Business Bank and National Wealth Fund in nurturing firms

US inflation hits 4.2% in May as Trump’s Middle East conflict drives up prices – as it happened

US inflation hits a three-year high in May

WH Smith raises £100m as it warns on profits due to Iran war

Retailer plans to shut unprofitable stores as falling US airport traffic due to Middle East conflict hits trading

Weight-loss drug users save more than £400 a year on food as take-up triples

New research suggests GLP-1 users are buying fewer snacks and treats such as crisps and chocolate

UK poised to ease steel tariffs as manufacturers warn of costs

Exemptions being considered after March announcement of measures to support domestic steel production

China’s BYD aims to be world’s biggest car firm within five years

EV maker aims to overtake Toyota, as it plans to spend £1.8bn to build five-minute flash chargers in Europe

Pub chain Fuller’s hopes for bumper summer of World Cup and staycations

Company says it has strong bookings for England matches and has spruced up gardens for domestic holidaymakers

We economists have done the maths: ‘growth’ is a doomed strategy – there is a better way

Our roadmap has been shaped by experts across the world. We call on political leaders at all levels to use it, says Olivier De Schutter and others

Nike charges World Cup fans the most for replica shirts after price surge

England supporters face paying inflation-busting £95 for an adult shirt as the tournament begins in the US

More than half of clean energy schemes needed for Labour’s 2030 target offered grid connection

The 700 projects include wind and solar farms, battery storage, gas and hydro plans

Households could save £200 on energy bills in plan to break link between gas and electricity prices, says thinktank

Government plan to de-link gas and electricity prices aims to reduce bills for consumers after global surge in prices

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  • Delivery drivers will get minimum wage in Australia’s ‘world-first’ deal. Is it fair – and will Uber Eats cost more?
  • ‘Strategic change and grasping nettles’: where now for John Lewis as boss exits?
  • UK’s biggest EV battery gigafactory shelves expansion as Jaguar Land Rover talks stall
  • Donald Trump doesn’t just love billionaires, he loves multimillionaires too
  • ‘I don’t even drink whisky’: Scotland reels in visitors as much of Europe swelters
  • Secondhand booksellers in UK and Ireland suspect AI firms behind ‘strange’ bulk orders
  • ‘A tax on being thin’: only high earners make overall savings on food bills from weight-loss drugs
  • Burnham criticised for EV and North Sea approach amid climate crisis
  • US long-term borrowing costs hit 25-year high; weakening of UK’s EV sales targets criticised – as it happened
  • Thames Water plans to restart desalination plant – after drought has ended
  • Milk, wine, salad: how your food will be affected by the summer of heat
  • BP to develop offshore gasfield in Venezuela with firms linked to Trump administration
  • As online dating goes into ‘salvage mode’, can AI solve all its problems?
  • US firms that kept DEI policies despite ‘go woke, go broke’ threats thrived
  • Ryanair window that passenger was partly sucked out of was broken by engine debris, report finds
  • Tougher crops and beaver dams: how UK farmers are tackling drought
  • Searches for UK homes with air conditioning more than double
  • BAE Systems to pay $36m penalty after 104 violations of US arms export rules
  • Water customers are not a ‘blank cheque’, Burnham tells suppliers
  • Energy nationalism and interconnectors: the next power threat?
  • Ukraine ‘offering Russia deal to halt attacks on civilian ships in Black Sea’
  • Edinburgh international film festival showcases a Scottish industry in rude health
  • Sports Direct owner Mike Ashley buys Harvey Nichols
  • Jack Crabtree obituary
  • Tesla paid Elon Musk 2.5m times more as CEO than its average worker in 2025
  • Is Australia’s buy now, pay later boom at an end?
  • Polls open in Clacton, where Farage spent more than £10,000 in byelection against Count Binface – as it happened
  • Andy Burnham ‘angry’ over water company bill increases; Sports Direct owner buys Harvey Nichols – as it happened
  • UK economy shows surprising resilience – but that may not last
  • South Korean airport becomes busiest in world for global traffic amid Iran war

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