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Badenoch announces Tory review of which conditions qualify for benefits

‘Age of diagnosis’ of ‘low-level mental health issues’ such as ADHD making system too costly, Conservative leader says

China’s record trade surplus reveals its biggest strength – and hidden weakness

Booming Chinese exports have driven trade surplus past $1tn but also reveal the extent of country’s reliance on foreign markets

UK households cut spending at fastest pace in almost five years, says Barclays

Bank reports 1.1% drop in card spending despite Black Friday boost for retailers

Paramount Skydance makes $108.4bn bid for Warner Bros Discovery, challenging Netflix’s offer – as it happened

Paramount says its hostile offer “provides superior value, and a more certain and quicker path to completion to WBD shareholders”

Bank of England cutting jobs as part of overhaul after critical Bernanke review

Bank under budget pressure as it responds to former Fed chair’s report into slow response to surging inflation

Divided Fed ponders US interest-rate cut at end of tumultuous year

Markets expect final rate cut amid pressure from Trump as Jay Powell urges central bank to proceed with caution

Bill Kingdom obituary

Other lives: Leader of water supply and sanitation projects for the World Bank

Canada may approve a new oil pipeline. First Nations fear another ‘worst-case scenario’

Mark Carney is considering lifting a tanker ban that has protected coastal communities for 53 years

Forcing UK banks to support credit unions would help keep loan sharks at bay

High street banks dodged a windfall tax – now they should invest in growth of local lenders

The K-shaped Christmas: wealthy few drive holiday spending splurge while many struggle to get by

A soaring stock market rewards the already well-off but Trump’s handling of the economy has caused his approval ratings to plunge

Friday briefing: After ​constant leak​s and ​a resignation​, is the OBR ​still ​fit for ​purpose?

In today’s newsletter: ​Critics say the OBR’s growing influence has outpaced its accountability​, raising questions about whether it serves the public, the Treasury, or the markets

EU looks at legally forcing industries to reduce purchases from China

Commission unveils €3bn strategy to de-risk and diversify supply chains for critical rare earth metals and elements

Can you be on a six-figure income and still be considered poor?

A viral essay has caused outrage in the US with its argument that the poverty line for a family of four is now $136,500. But is this so wrong, asks Arwa Mahdawi

OBR chief’s exit may ease pressure on Rachel Reeves but the battle isn’t over

With the row deepening over budget leaks, who is most likely to replace Richard Hughes in the increasingly thankless role of chair?

Bank of England defends OBR’s independence against political attacks; UK banks pass stress tests – as it happened

BoE governor Andrew Bailey says it’s important to remember why Office for Budget Responsibility was created, amid row over budget leaks

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  • Starmer calls for ‘ambitious’ new UK-EU ties as Trump threatens to quit Nato
  • UK food inflation ‘could hit 9%’, trade body warns as Reeves meets retail chiefs
  • Starmer’s ‘five-point energy plan’ was not a plan
  • UK is most vulnerable European country to jet fuel shortages, Ryanair boss says
  • Oil tumbles and UK’s FTSE 100 posts biggest daily rise in a year on hopes Middle East war will end soon – as it happened
  • Australia’s land value has gone through the roof. Where does that leave young people who want to buy a home?
  • Would more North Sea drilling mean lower energy prices for UK consumers?
  • Oil price falls and markets rally after Trump says Iran war over in ‘two to three weeks’
  • Housebuilder Berkeley to halt buying new land and hiring staff
  • This is what a fossil-fuel shock looks like. The UK must adapt its energy system – and quickly
  • BP is operating in a world of ‘significant complexity’, new boss tells staff
  • Iran war may increase mortgage payments for extra 1.3m households, says Bank of England
  • US tech firm Oracle cuts thousands of jobs as it steps up AI spending
  • Lunar prospectors: the businesses looking to mine the moon
  • Cost of living: get ready for ‘awful April’ bill increases
  • Revealed: the vast illegal casino network targeting UK gamblers
  • Empty petrol stations and volatile prices: Australia’s fuel crisis in charts
  • Energy crisis: why ‘keep calm but cut down’ may be a better message for Labour
  • Delayed by EU entry/exit system? Then travel light
  • Invisible plumes and ‘terrible pollution’: the reality of the US gas sites rated ‘grade A’
  • Chancellor meets UK supermarket bosses to discuss cost of living
  • Two-thirds of UK hospitality businesses plan to cut jobs and one in seven will close, survey finds
  • US average fuel price passes $4 a gallon for first time in four years amid Iran war
  • Head of NHS England ‘really worried’ about medicine supplies
  • Investors tell Thames Water to ‘eat humble pie’ over failed takeover and open bids
  • Unilever’s food mashup is hardly a delectable prospect for shareholders
  • Marmite maker Unilever agrees $44.8bn deal to combine food arm with McCormick
  • Centuries-old pottery firm Denby set to call in administrators
  • ‘There’s no safe place here’: Kuwaiti tanker hit by Iranian drone attack in Dubai port
  • UK aviation regulator rejects Heathrow’s plans to significantly raise landing fees

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