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%