Patagonia sues drag queen Pattie Gonia for trademark infringement Outdoor clothing company is suing US environmentalist drag performer for $1 plus legal fees, claiming ‘we wish we didn’t have to do this’
Number of young people out of work or training in UK could hit 1.25m by early 2030s Urgent action needed to avoid ‘lost generation’, says report by former Labour health secretary Alan Milburn
Trump administration has paid $20bn in tariff refunds, with $65bn more to come Refunds came after the supreme court ruled Trump overstepped his authority in enacting sweeping tariffs
Why is Ferrari facing such a backlash to its first electric car? The Italian marque has broken with the past with its four-door, €550,000 Luce and traditionalists are furious
60 Minutes journalist accuses CBS News of penalizing her after contract not renewed Sharyn Alfonsi confirms contract expiration after decrying network over ‘the spread of corporate meddling’ last month
Manchester United take £22m hit from sacking of Ruben Amorim On-pitch performance and cost-cutting help to halve pre-tax losses to £18m in the first nine months of the year
Australians with disabilities copped the biggest cuts in the budget. Yet conservative media’s heart bleeds only for the wealthy The reaction to the budget has revealed Australia’s warped priorities, with the appalling inequality in dental care among the issues actively ignored
Oil price drops as Iran state media releases detail of draft peace deal with US – as it happened Rolling coverage of the latest economic and financial news
UK heatwave triggers price rises for hot tubs and air conditioning units Of 11 seasonal items in Guardian price comparison, six hit highest price in last three months, with some nearly doubling in price in last week
Tony Blair is strong on diagnosis, deluded on prescription: Britain’s ills can’t be fixed by him The former PM’s essay rightly calls for a coherent economic plan, but then sets too much store by AI – and a worldview stuck in the past, says Guardian columnist Larry Elliott
Samsung memory chip staff in line for £310,000 bonuses after AI profit-sharing deal Agreement averts strike and shows latest impact of AI boom as two more chipmakers join $1tn club
Energy price cap in Great Britain to rise by 13% from July Average gas and electricity bill to jump to £1,862 a year from July until end of September, in part because of Iran war
Flying Tiger snapped up by Modella Capital amid fears for its future UK private equity investor with reputation for hard-nosed restructuring says it is backing existing management
Fired BP chair disputes oil company’s claims of poor conduct Albert Manifold says he was removed without warning and ‘will not allow a false narrative to go unchallenged’
Lidl overtakes Morrisons to become fifth largest supermarket in Great Britain German-owned discounter’s sales rise 8.8% year on year as households seek ways to keep bills down