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Number of billionaires globally could reach 4,000 in next five years

There are now 3,110 billionaires but analysis shows ‘deep structural acceleration’ in wealth creation around world

Takeaway coffee sales plunge as fuel and living costs dent Australian spending. Is the economy next?

The trend has been accelerated by the US-Israel war on Iran, leaving households – and cafe owners – glum, surveys suggest

Quarter of a million people could lose job by middle of 2027 as UK ‘flirts with recession’, analysis says

Twin reports from top accounting firms underline scale of economic threat as Iran war shatters business confidence

Bank bosses called to meeting with Reeves over impact of Iran war on UK economy

HSBC, Barclays, Lloyds, NatWest and Santander will this week discuss with chancellor how to limit effects of conflict

Central bank bosses enlist for war game to gauge threat of Lehman-style bust

Finance chiefs to join exercise in Washington designed to assess how they would handle collapse of significant bank

Finance leaders warn over Mythos as UK banks prepare to use powerful Anthropic AI tool

Release of new Claude model, so far limited to US firms, will expand to British institutions in coming days

Metro Bank boss handed record £2.6m a year after slashing 1,000 jobs

Dan Frumkin’s pay package comes after bank’s near collapse and rescue by Colombian billionaire

Big US banks rake in near $50bn profit as Iran war shakes markets

Six lenders, including Bank of America, Morgan Stanley and JP Morgan report jump in first-quarter earnings

Jamie Dimon says private credit defaults are not threat to major banks

Recent losses on loans in relatively unregulated sector are not a systemic risk to financial sector, says JP Morgan boss

HSBC says Iran war is hitting confidence as businesses warn over economic risks

Oil-driven inflation is big challenge to world economy, lifting inflation and depressing growth, says bank’s chair

Goldman Sachs chief ‘hyper-aware’ of risks from Anthropic’s Mythos AI

US bank has the Claude model and is working closely with the tech firm to improve cyber protection

Low-tax Texas opens London office to lure jobs and investment

Exclusive: US state is targeting corporate heavyweights in the UK with subsidies and incentives

US summons bank bosses over cyber risks from Anthropic’s latest AI model

Reports say Fed chair Jerome Powell among attenders at meeting in Washington

Close Brothers shares surge after UK bank says it can ‘comfortably absorb’ cost of car finance compensation

Specialist lender says it expects its slice of £9.1bn compensation set by FCA to be about £320m

JP Morgan reaches agreement with City airport for Canary Wharf’s tallest tower

Bank to submit planning application shortly, after securing deal on 265m-high London Docklands building

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  • Labour reports Farage’s alleged hack to security officials after he fails to do so
  • Oil prices on track for steepest monthly fall since 2020
  • Nationwide customer seeking election to board hits out at lender for ‘unfair’ treatment
  • Damaged, deserted, dilapidated … what comes next for the Great Barrier Reef island resorts lying in ruins?
  • New Yorkers irritated by proliferation of London members’ clubs on their doorsteps
  • Bank of England’s Bailey says no rush to raise interest rates amid Iran war uncertainty
  • Global stocks rise and oil price slips amid hopes of US-Iran peace deal – as it happened
  • London tube strikes to go ahead on Tuesday and Thursday, RMT says
  • What can the Dutch teach the UK about how to tackle the youth jobs crisis?
  • Asda strikes deal to use Ocado software for home deliveries from next year
  • Student awarded CBS News scholarship explains why he called out network at event: ‘I had to do it’
  • Workers need greater say over AI rollout, says TUC-backed report
  • ‘It feels unfair’: the Britons struggling to get a mortgage since Iran war began
  • KPMG Australia’s CEO Andrew Yates quits over whistleblower scandal
  • CBS News shakes up 60 Minutes as ousted correspondents ‘fear what comes next’
  • White House pushes Congress to approve $250 bill with Trump’s image
  • Labour poised for fresh welfare changes after scale of youth jobs crisis revealed
  • Enfield council withdraws from government’s new towns programme
  • ‘They’re a private company, run for profit!’: fury in Kent at South East Water’s outages
  • EU to discuss potential restrictions on Chinese imports amid fears of overreliance
  • US inflation rose at fastest pace in three years in April as Iran war hikes up prices
  • Frank Land obituary
  • Burberry boss could earn up to £12.2m under new bonus scheme as company rolls back climate goals
  • US PCE inflation rate hits three-year high as Iran war pushes up prices – as it happened
  • New food exports deal signals end to Brexit ‘sausage wars’
  • Blair’s fossil fuel ideas ‘bizarre’ in face of energy and climate crises, experts say
  • Ministers in talks over shelving carbon tax on fertiliser to curb UK food inflation
  • EU fines Temu for failing to stop sale of illegal and dangerous products
  • Oura launches Ring 5, world’s smallest smart ring, as it heads towards IPO
  • BP boardroom turmoil deepens as ousted chair hits back at ‘lies’ over conduct

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