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

The president who cried tariffs: will the US supreme court challenge Trump’s trade war?

The US high court will hear arguments on whether Trump’s erratic imposition of global tariffs is legally valid

The London consensus is a timely challenge to Trump’s isolationism

A debate on how to achieve fairer, greener growth could point the way to a successor for neoliberal capitalism

‘The money machine is misfiring’: City blames Brexit for UK’s £20bn productivity headache

Poor output since the leave vote has landed Rachel Reeves with a bigger-than-forecast budget spending gap

Era of free trade and investment is over, Canada’s PM tells Apec summit

Mark Carney warns Asia-Pacific leaders global economy undergoing profound change, as China’s president mounts defence of free trade

Want to know what’s really up with Britain? Take a look at our no-longer-chocolatey biscuits

Talk of ‘small boats’ may dominate politics and the media, but the cost of living crisis is what most adults spend their time worrying about, says Guardian columnist Zoe Williams

ECB keeps interest rates on hold despite eurozone inflation fears

Key deposit rate kept at 2% even as recovery starts to drive up price growth across bloc

Halloween candy prices rising, spooked by Trump’s tariffs and climate change

Prices to spike by 10.8% this year, with some chocolatey treats seeing upticks of at least 20%, analysis shows

Five key takeaways from Donald Trump’s meeting with Xi Jinping

From tariffs to rare earths, Chinese and US presidents ‘make outstanding group of decisions’ at crunch trade talks

Pound sinks against euro and dollar as tax rises loom and growth slows

Prospect of a tough budget is thought to have brought forward the likely date for a cut in interest rates to 3.75%

Fed cuts interest rates for second time this year amid economic uncertainty

Central bank sets rates at range between 3.75% and 4% amid turbulence from government shutdown and Trump’s tariffs

The Guardian view on Argentina’s election: one step closer to becoming a Trumpian client state

Editorial: A $40bn rescue may have helped Javier Milei scrape through midterms, but it leaves Argentina’s democracy and economy more dependent than ever on Washington