European defence company shares fall amid Ukraine peace talk hopes; Novo Nordisk reports Ozempic fails to help with Alzheimer’s – as it happened

Rolling coverage of the latest economic and financial news, as Novo Nordisk finds its semaglutide drug fails to help in Alzheimer’s treatment

Reeves expected to reveal cut in growth forecasts for next five years in budget

OBR has reportedly downgraded predictions after review that blames lack of investment under Tories

Peter Kyle tells CBI conference he will ensure firms do not lose as a result of overhaul

The UK could’ve been a true tech leader – but it has cheerfully submitted to US dominance in a way that may cost it dear

Budgets need to be reassuringly dull with no repeat of this year’s long, drawn-out and chaotic buildup

US officials to hold high-level talks in Brussels amid unhappiness in Washington at slow action on July deal

From the outside, the run-up to Rachel Reeves’s announcement has looked chaotic, and many see the future of the chancellor and PM in the balance

Rolling coverage of the latest economic and financial news

Bureau of Labor Statistics canceled release of October’s consumer price index, citing the government shutdown

Central bank chief warns that the bloc’s dependence on third countries for trade and security has left it vulnerable

October figures represent final snapshot of public finances before Rachel Reeves’s tax and spending statement

Supermarkets, clothing stores and online mail order firms suffer sales declines as consumers delay purchases

Leading US stock markets tumble less than 24 hours after strong results from chipmaker Nvidia sparked gains

US non-farm payrolls rose by 119,000 in September, but new data also shows economy shed jobs in August

Unemployment rate hits 4.4%, its highest level since 2021, and government has said no October report will be issued