US markets tumble amid Wall Street concern over job losses and AI

S&P 500 down 1.1% and Nasdaq down 1.9% as hiring freezes and layoffs sharpen fears US economy is slowing

Bank of England opens door to December rate cut as it signals inflation has peaked

Policymakers keep borrowing costs at 4% before crucial budget while also warning of persistent weak growth

Bank of England says UK inflation has peaked after leaving rates at 4%; US job cuts jump as firms turn to AI – as it happened

Economists predict UK rate cuts in December, after narrow vote to hold Bank Rate at 4% today

How could Tropical Forest Forever fund proposed at Cop30 tackle deforestation?

Scheme aims to raise $125bn to invest in bonds, with returns used to reward tropical countries for conservation

Bank of England’s decision to keep interest rates at 4% is not all doom and gloom

Close-run vote raises hopes of rates cut in December, with inflation said to have peaked at 3.8%

Reeves refuses to say she will stick to manifesto pledge on tax rises and insists she must face world ‘as it is’ – as it happened

Chancellor says she is focused on priorities for British people in pre-budget speech laying ground for expected tax rises

Three weeks till budget day – and now Rachel Reeves is ‘being honest’ about tax

The chancellor is levelling with us about the pain to come. Is there anyone outside Planet Rachel who couldn’t see that truth two years ago, asks Guardian columnist Marina Hyde

Reeves aims to prepare voters and markets for possible budget tax rises

Speech attempts to take back narrative with talk of ‘years of economic mismanagement’, Brexit and tariffs

Rachel Reeves refuses to rule out tax rises as autumn budget looms

Chancellor says she needs to respond to challenges in speech intended to frame tough choices UK faces

More than $70tn of inherited wealth over next decade will widen inequality, economists warn

Expert panel says report on gap in global wealth between rich and poor highlights need for intervention by G20

The Guardian view on Britain’s new class divide: the professional middle is being hollowed out

Editorial: A micro-elite in finance and tech hoovers up talent while-white collar jobs lose their lustre. A society that rewards proximity to capital over contribution risks rupture

UK factories return to growth after JLR restarts operations; US manufacturing exports hit by tariffs – as it happened

Rolling coverage of the latest economic and financial news, as Opec+ pauses oil output hikes beyond December amid fears of a crude glut

Jaguar Land Rover restart helps UK factories return to growth

S&P Global purchasing managers’ index rises to one-year high amid pick-up in consumer spending

Tax rises and drop in investment predicted to limit UK growth

EY Item Club downgrades forecast for next year, with Office for Budget Responsibility expected to follow suit

Top 10 US billionaires’ collective wealth grew by $698bn in past year – report

Oxfam warns Trump policies risk driving inequality to new heights – but Democrats have also exacerbated wealth gap