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Yen hits three-month high after Trump helps prop up currency

US and Japanese governments confirm they carried out a rare joint intervention late last week

Why has Trump stepped in to prop up Japan’s currency?

The US has bought up yen to strengthen the currency for the first time in almost 30 years, with the moves raising questions about America’s motives

At least five Mohamed Al Fayed abuse survivors confirmed as human-trafficking victims

Decision comes after group of survivors claimed ex-Harrods owner’s associates must have helped facilitate his crimes

Healey’s profiteering warning on food and fuel risks row with retailers

Chancellor says the government wants to prevent shoppers being ‘taken for a ride’ at the pump or till

Britain could face food shortages as drought continues, farmers warn

Farmers battle to salvage what they can of their crops as heatwave set to continue

The Guardian view on global corporate tax: a $500bn prize that states must seize

Editorial: Donald Trump may reject the negotiations, but he cannot veto a global effort to make multinational companies answer to governments

House prices slide across Australia as Middle East conflict and tax changes begin to bite

Cotality data shows a drop in Brisbane, Adelaide and Perth, as nation’s median home price falls about $19,000 below its March peak

Trump is determined to pursue his trade war – and he may be difficult to stop

The president’s minions have trawled the statutes to restore roadblocks to trade. The invocation of Smoot-Hawley looks especially dangerous

For most US small businesses, Trump’s tariffs aren’t the big issue they were

Tariffs are annoying and disruptive, but this round is less impactful – and business owners are taking them in their stride

Why Andy Burnham’s devolution pledge will be tricky to deliver

Sharing income tax with England’s regional mayors could tackle inequality but many councils are ill-equipped for an enlarged role

Inside M&S’s swanky Oxford Street revamp, the blueprint for its £700m growth strategy

As boss Stuart Machin unveils a new-look Pantheon the retailer has fashion and overseas challenges ahead

Stock market turmoil sheds stark light on the opaque AI economy

Investors scramble to make sense of a shock Chinese challenge to the dominance of western chipmakers

‘We cannot magic up more water’: the supply problems putting housing targets in England at risk

Council leaders say crumbling infrastructure and lack of water are jeopardising government’s plans for new homes

Kremlin connections: the Russia links to a £600m UK theme park

French company Puy du Fou worked with a sanctioned oligarch on plans for a Crimea resort longer than disclosed, and later courted Iran and China

UK’s state investments agency hit by data breach

Security lapse leaves sensitive information and contact details of 51 government officials exposed for 40 hours

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  • Healey backs pro-growth case for Heathrow third runway after Burnham ducks issue
  • No 10 leaves option open to impose Chinese EV tariffs if UK joins EU scheme
  • The Guardian view on the banks: too big to fail cannot mean too big to tax
  • Extreme heatwaves in Europe not changing Britons’ holiday plans, say travel bosses
  • IMF suggests UK should cut spending rather than raise taxes on banks, as Healey prepares budget raid – as it happened
  • Target pensions or welfare, not banks, IMF tells John Healey
  • UK risks losing key role in European space industry over satellite contract, says Airbus boss
  • For restaurants Covid-19 was a crisis – pandemic loans are proving a disaster
  • British food and drink exports to EU collapse by more than a third since Brexit
  • Elon Musk reveals ‘world’s first flying car’ at Tesla event
  • ‘We should all be worried’: calls grow to limit London rollout of robotaxis
  • Ofgem could force energy suppliers to pay rivals if they lure customers with cheaper deals
  • Revealed: VW, Ford and Tesla batteries linked to destructive deforestation of indigenous lands
  • Repairing Brexit economic damage should be Burnham’s top priority, business chief says
  • Number of cloned number plates on UK roads at record high, data shows
  • ‘People’s dignity, and democracy, is at stake’: meet the economist ditching ideology for reality
  • France drops opposition to UK being included in ‘Made in Europe’ legislation
  • The water torture goes on at Thames. Sector-wide reform isn’t moving much faster
  • Will Trump’s economy sink Republicans in the US midterm elections? Our reporters answered your questions
  • The Guardian view on food security: we have just-in-time, we need just-in-case
  • Thames Water asks for £2.4bn more to avoid going bust this year or early 2027
  • People in the US: what is your personal ‘recession indicator’?
  • Cost of balancing Great Britain’s power grid reaches nearly £50m a day
  • Lisa Nandy ‘minded to intervene’ in Sky’s £1.6bn purchase of ITV
  • Cult venue Prince Charles cinema ‘saved’ after lease renewal signed
  • Wall Street drops after jump in US producer inflation; John Healey says UK banks are part of ‘jewel in the crown’ – as it happened
  • Tech market sell-off deepens amid fears over US inflation and AI debt
  • US lawmakers unveil bill to hold Wall Street’s ‘Epstein-connected’ bosses to account
  • Bad news for Trump ahead of the midterms: it’s still the economy, stupid
  • John Healey vows to give ‘breathing space’ to consumers and businesses in first budget

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