Wealth of Britain’s 157 billionaires now equal to 22% of country’s GDP This ‘ghost GDP’ shows how headline economic growth is increasingly disconnected from reality for most, says report
From Team Reeves to Manchesterism: Labour’s four economic camps explained Wes Streeting or Andy Burnham could launch a leadership bid – here are policies from which they could choose
British Gas faces record £112m settlement over prepayment meter scandal Redress to customers for force-fitting devices in homes includes £20m penalty and £70m of debt write-offs
Tesco boss’s pay rises by more than £1m to £10.8m after market share surge Ken Murphy’s pay could rise even higher following scrapping of food waste target and weakness of rivals
‘I didn’t want to be the guinea pig’: inside tech’s AI-fueled manager purge Tech workers say AI-driven restructurings are eroding mentorship, support and paths to promotion across Silicon Valley
UAE to complete second oil pipeline bypassing strait of Hormuz by 2027 State oil company fast-tracks previously undisclosed project, which is expected to double export capacity
The Federal Reserve’s independence is hanging by a thread in the age of Trump The president’s ultimate goal is to push the Fed – among other independent US institutions – to bend to his will
Ban private jets and cut speed limits to avert UK fuel crisis, say campaigners Climate and transport organisations warn ministers not to ‘sleepwalk into crisis’ amid Iran war oil and gas shortages
Hopes grow that London Underground strikes could be called off Tube stoppages due on two 24-hour periods next week but sources say RMT seeking talks
Heathrow could be forced to allow other firms to build third runway to cut costs Under aviation regulator proposals rival companies would bid to design and build parts of airport expansion
Christopher Harborne, tycoon who gave £5m to Farage, enters UK rich list at No 6 Crypto billionaire goes straight into top 10 on Sunday Times list, with Noel and Liam Gallagher among other first-timers
Fears of ‘postal deserts’ as owner of former WH Smith stores puts counters under threat Exclusive: Contract changes mean Post Office outlets inside TG Jones stores would be easier to close, with up to 60 possibly affected
EU carmakers pave way for Chinese rivals as balance in market shifts Many European motoring manufacturers are in retreat with plants to off–load – while China’s industry is on the march
‘Stone-cold racism’: Newsom condemns GOP redistricting efforts; Louisiana approves plan to erase majority-Black district – as it happened This live blog is now closed.
US reportedly dropped fraud charges against Indian billionaire after he hired Trump’s lawyer Gautam Adani, richest man in Asia, was accused of conspiring to pay $250m in bribes to Indian government officials