Starmer declines to rule out election pledge-breaking tax rises in budget after claim Treasury must fill £40bn deficit – as it happened

Prime minister defends government’s handling of economy but will not give assurances over not raising income tax, employee NI or VAT

Shares in European drug companies hit four-month low as Trump tariffs loom

President repeats threat to bring in levies ‘within next week or so’ in attempt to get companies to move production to US

If the transaction goes ahead the value of the ChatGPT developer would rise by about two-thirds to $500bn

Britain’s building sector records biggest drop in activity since early in Covid-19 pandemic

White House move follows India’s oil purchases from Russia and comes amid broader Trump push for trade ‘reciprocity’

Reality might be hanging on to the political debate for dear life, but this move threatens to fling it off the cliff

Experts estimate a 20% average increase in the number of points needed to book flights. Here are their tips to get good value

US president has been unusually reticent about plans to punish Russia if it does not agree to end Ukraine war

Tween jewellery retailer is hit by a slowdown in consumer spending and the switch to online shopping

Overcapacity – from electric vehicles to high-speed rail to housing – is destroying profits as well as GDP

Collapse in housebuilding underscores challenge for government in meeting its target of building 1.5m new homes

Carmaker says losses on electric car sales in US also dented earnings but tariff hit is less than it had estimated

Danish company to cut costs and consider layoffs after competition from Mounjaro and the copycat market

Company, which has reported 37% drop in profits, says switch would not present value for shareholders

ASA says online ads from Aira and EDF Energy omitted key facts about eligibility for government grants