Shein outsells British rival Asos as UK revenue hits £2.58bn

Online retailer’s 26% jump sharpens focus on exemption letting cheap parcels into the country duty-free

Send us your questions for economist Isabella Weber on inflation and affordability

First Edition newsletter will be hosting a reader Q&A with economist Isabella Weber, a leading voice on inflation, affordability and cost of living and now’s your chance to put your questions to her

‘People are feeling the real impacts’: influencers are targeting private equity with satire and rage

The trillion-dollar industry has taken over social media, inspiring skits and parody raps with millions of views

OpenAI projected to bring in $20bn less in revenue than expected

Questions raised over AI growth as ChatGPT maker forecasts this year’s revenue at $50bn, way below the $70bn signalled before

Virgin unveils its future cross-Channel train as it gears up to take on Eurostar

Group plans to launch services from London in 2030 and hopes to outshine competitor with design inspiration from its airline, cruise and hotel arms

British households would be £5,000 richer if we were more innovative. Let’s unleash our talents

We have a deep reservoir of assets, but struggle to turn small companies into global success stories. Innovation needs to be at the heart of government policy, says former UK prime minister Gordon Brown

Revealed: the ‘black box’ wastewater trade that rakes in millions for UK utility companies

Exclusive: Firms made more than £340m last year from processing industrial and commercial wastewater at sewage works that are unable to remove many chemical pollutants

Top bosses at Goldman Sachs to share bonus pot worth up to $500m

Eye-watering sum, to be split between 20 bankers, is one of the biggest payouts in the bank’s history

Trump made ‘clear’ that media ban was due to critical coverage, court told

Lawyer for CNN, MS Now and Politico says Trump admitted he banned networks from White House over their coverage

Harvey Nichols’ Birmingham store to close in January

Closure will cost at least 60 jobs, while Leeds and Bristol outlets to be converted to Flannels brand

MoD has objected to four windfarms in past year over radar interference fears

Complaints risks putting tdefence ministry on collision course with Department for Energy Security and Net Zero

Bank governor urges John Healey to use budget to allay market fears amid bond turmoil

Andrew Bailey tells chancellor ‘whatever the stance of fiscal policy, it must be credible and be seen as such by financial markets’

E.ON Next deal to buy Ovo Energy leaves UK with just ‘big three’ energy suppliers

Competition watchdog clears takeover despite concerns that suppliers will have less incentive to lower bills

Send us your questions on how the US economy is shaping the midterm elections

Our business, labor and consumer rights reporters will answer your questions in a live Q&A on Thursday 15 October

Oil and gas prices jump on Middle East shipping attacks, sending bond yields higher and stocks lower – as it happened

Brent crude tops $105 a barrel amid attacks on tankers and squeeze on US oil output in Gulf of Mexico as storm Isaias approaches