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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

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  • Interest rate dilemma for central banks as inflation rises but growth slows
  • ‘I see the incredible promise’: on set of an AI film shoot as new studios embrace controversial tech
  • ‘Why did it become personal?’: furore over plans to expand Kent oyster shack
  • Burnham urged to crack down on gig economy firms to protect 4m workers
  • A positive new report raises the question: was Reeves undermined by dodgy data?
  • University spinout to launch water quality app for UK and US waters
  • New UK cost of living crisis looms with soaring energy bills forecast to lift inflation
  • From tourism to power generation and productivity, Europe feels economic cost of heatwaves
  • Delivery drivers will get minimum wage in Australia’s ‘world-first’ deal. Is it fair – and will Uber Eats cost more?
  • ‘Strategic change and grasping nettles’: where now for John Lewis as boss exits?
  • UK’s biggest EV battery gigafactory shelves expansion as Jaguar Land Rover talks stall
  • Donald Trump doesn’t just love billionaires, he loves multimillionaires too
  • ‘I don’t even drink whisky’: Scotland reels in visitors as much of Europe swelters
  • Secondhand booksellers in UK and Ireland suspect AI firms behind ‘strange’ bulk orders
  • ‘A tax on being thin’: only high earners make overall savings on food bills from weight-loss drugs
  • Burnham criticised for EV and North Sea approach amid climate crisis
  • US long-term borrowing costs hit 25-year high; weakening of UK’s EV sales targets criticised – as it happened
  • Thames Water plans to restart desalination plant – after drought has ended
  • Milk, wine, salad: how your food will be affected by the summer of heat
  • BP to develop offshore gasfield in Venezuela with firms linked to Trump administration
  • As online dating goes into ‘salvage mode’, can AI solve all its problems?
  • US firms that kept DEI policies despite ‘go woke, go broke’ threats thrived
  • Ryanair window that passenger was partly sucked out of was broken by engine debris, report finds
  • Tougher crops and beaver dams: how UK farmers are tackling drought
  • Searches for UK homes with air conditioning more than double
  • BAE Systems to pay $36m penalty after 104 violations of US arms export rules
  • Water customers are not a ‘blank cheque’, Burnham tells suppliers
  • Energy nationalism and interconnectors: the next power threat?
  • Ukraine ‘offering Russia deal to halt attacks on civilian ships in Black Sea’
  • Edinburgh international film festival showcases a Scottish industry in rude health

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