Mars colony and Grok warnings: five strange details in SpaceX’s pitch to investors IPO filing from Elon Musk’s company reveals look at finances, cosmic ambitions and insight into tech empire’s quirks
Number of air conditioned UK homes doubles to more than 4m in three years Greater working from home and hot summer temperatures believed to be driving increase in ownership
UK borrows more than forecast in April as inflation adds to benefits bill The £24.3bn figure comes amid rising cost of pensions as bond market jitters take monthly debt interest to £10.3bn
Biggest drop in petrol purchases in six years hits retail sales in Great Britain Drivers conserve fuel amid Iran war uncertainty, pushing overall sales down 1.3% in April
Ditched government projects lost taxpayer £6.6bn last year, watchdog says Spending committee finds MoD most wasteful and also points to cancelled schemes such as Rwanda and Stonehenge
Prospect of Labour leadership race brings out different sides of rivals Burnham and Streeting’s latest stances confound caricatures of left and right as party faces electoral bind
Philip Kraven obituary Other lives: IT specialist in the oil industry who started out working as a geophysicist
Reeves cuts VAT on summer days out to 5% as part of cost of living support Chancellor says she will raise tax on global oil firms to help meet costs of plans and confirms delay to fuel duty increases
New weight-loss shot appears to outperform other obesity drugs on market Eli Lilly says participants in a sizable trial of retatrutide lost much more weight compared to other weight-loss drugs
Music industry risks excluding working-class talent, says Tinie Tempah Singer Skye Newman also highlights how becoming a performer is becoming inaccessible to those without money
Former boss of collapsed investment firm jailed for illegally selling hot tub Michael Thomson admitted to breaching a restraining order by selling a range of luxury items
Starmer says he will campaign for Burnham in Makerfield byelection – as it happened Prime minister tells reporters he would campaign personally in the contest
Reeves announces VAT cut on summer attractions in new cost of living package – as it happened Rolling coverage of the latest economic and financial news
BT warns of smartphone price rises due to chip shortages from AI boom Telecoms company CEO says tech firms are buying up memory chips to power datacentres relied on by AI
The main takeaways from Elon Musk’s plans for $1.75tn SpaceX flotation Prospectus for tycoon’s sprawling empire reveals his plan to keep control – and ambition to colonise Mars