Sharp rise in cost of British lamb in UK due to rising demand and import issues

Cold and wet weather also thought to have led to more lambs dying in early season, as Morrison drops 100% British lamb pledge

Australia’s unemployment rate rises to 4.1% reducing chance of another RBA interest rate hike

Jobless rate increases from a revised 3.9% in March but it’s a mixed picture with employers adding 38,500 jobs overall

UK firms accused of profiteering as study finds margins rose 30% post-pandemic

Unite union study of 17,000 firms shows sectors from energy to banking, and vets to car dealerships, profited from inflation crisis

Wall Street at record high after US inflation falls to 3.4%; takeover offer for Royal Mail raised – as it happened

Latest US inflation report shows prices rose at slower rate in April, while Daniel Křetínský has raised offer for Royal Mail’s parent company to £3.5bn

Australians have lost 14 years of progress on living standards. A wages breakout? Please. If only

It is impossible for wages to drive inflation when they are actually rising slower than inflation

US inflation at 3.4% in April, dropping slightly from previous month

Policymakers have been surprised by stubborn price growth, which they hoped to bring down to 2%, in recent months

Jeremy Hunt and Mel Stride warn against benefits ‘lifestyle choice’

Ministers ramp up anti-welfare rhetoric a day after data showed increase in UK unemployment

Intensifying war increasing threat to Ukraine economy, EBRD warns

European Bank for Reconstruction and Development cuts growth forecasts for regions it operates in, saying war ‘casting long shadow’

What’s behind the US tariffs on Chinese EVs and what do they mean for Biden’s re-election chances?

Joe Biden announced huge new tariffs on imports from China, in a move that Donald Trump says does not go far enough

Bank of England chief economist hints at summer rate cut; Tesco CEO’s pay doubles to nearly £10m– as it happened

Latest UK labour market report shows more people out of work, or economically inactive, but wage growth remains higher than inflation

Biden announces 100% tariff on Chinese-made electric vehicles

White House levy to protect US makers from cheap imports likely to inflame trade tensions

UK unemployment may not reach its worst, but economic rebound will stall

Failure to cut interest rates will take money out of the system, hitting businesses such as hospitality

UK real pay grows at fastest rate in two years as unemployment rises

Figures provide mixed message for Bank of England when it considers interest rate cut next month

Andrei Belousov: Putin picks trusted technocrat to run defence ministry

Loyalist economist who ‘thinks years ahead’ inherits Kremlin’s biggest challenge as it prepares for the long haul in Ukraine

Millions of British children born since 2010 have only known poverty. My £3bn plan would give them hope

We know about the hardship of ‘Thatcher’s children’, but a new generation of Tories has raised inequality to even higher levels, says the former UK prime minister Gordon Brown