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UK faces ‘very difficult trade-offs’ in budget because of Iran war, say analysts

Leading thinktank says higher oil prices and inflation will give Andy Burnham a ‘challenging inheritance’

60 Minutes adds new correspondents and contributors after key departures

New York Times opinion columnist Ross Douthat has been named a correspondent, while Sebastian Junger, Gianna Toboni and Trevor Phillips have been named contributors

Apple becomes second $5tn company as investors flee AI stocks

Share price rally driven by strong product demand as well as decision to sit out AI spending race, amid wider tech sell-off

South Korean stock market at three-month low as AI sell-off intensifies

Samsung and SK Hynix fall by more than 10% amid renewed fears over AI spending and Chinese competition

GSK heads to Cambridge with long-awaited positive vibes

Pharmaceutical company’s move to new £400m research centre accompanied by encouraging news for shareholders

More disruption to rail services in England as heatwave shrinks soil

South Western Railway joins operators in east of England in reducing train speeds and changing timetables

Christopher Roper obituary

Other lives: Businessman and Reuters correspondent who reported on Che Guevara’s death

GSK invests £400m to move research centre to Cambridge as Burnham praises ‘vote of confidence’ in UK – as it happened

Rolling coverage of the latest economic and financial news

Qantas plane flies for more than 24 hours in record-breaking flight

The A350 landed in Toulouse 24 hours and 24 minutes after leaving Melbourne as airline plans direct London service

Banks charged mortgage holders $55m in extra interest after offset account errors, Asic finds

Australian banks ‘not getting the basics right’, regulator says after review of more than 200,000 home loans

Ex-FCC officials warn agency sending ‘chilling message’ with ABC license review

Ex-officials ask FCC to reject petitions to deny renewal of broadcast licenses for eight stations owned by ABC

GSK to cut jobs amid £1.9bn cost-cutting plan and bid for faster drug development

Pharmaceuticals company is investing £400m in UK life sciences and moving scientists to new Cambridge R&D site

Marmite and Dove owner Unilever warns of price rises due to growing costs

Consumer goods group reports strong sales growth, owing in part to World Cup marketing campaigns

ICE-linked security firm reports UK revenue slump after asylum contract ends

MTC provided security at heavily criticised Manston centre in Kent – and could now make £500m managing arrivals at site

Burnham urged to increase tax on banks as Barclays’ profits soar

TUC says lender ‘can easily afford to pay more tax’ as it increases half-year bonus pool by nearly 30%

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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
  • Number of cloned number plates on UK roads at record high, data shows
  • 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
  • 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
  • Gen Z wrestle with shame from ordering delivery food: ‘This economy is not for the weak’
  • Key US voters say economy is getting worse ahead of midterms, exclusive poll finds
  • Wallace & Gromit maker Aardman falls short of return to profit
  • ‘I introduce myself to anyone who looks a bit jumpy’: a security guard’s take on anti-shoplifting fixes
  • Poland’s ascent from communist state to top 20 economy reverses the brain drain
  • UK households have paid extra £13,961 on bills since 2021 amid soaring inflation, TUC says
  • The global economy is muddling through against the odds. But a storm is coming
  • Unemployment in Australia reaches 4.7%, its highest in nearly five years
  • ‘Like, really, really shocked’: why are so many people riffing on this sheep’s sex appeal?
  • UK hospitality sector to offer up to 100,000 jobs to young people out of work

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