Reform UK could strip FCA of power to regulate banking if elected Nigel Farage reportedly plans to overhaul rules governing City of London that were introduced after 2008 financial crash
‘We’re scared of losing our jobs’: industries in India fear impact of Trump’s 50% tariffs Textiles, footwear, jewellery, gems and seafood are sectors most affected in trade with US, India’s biggest market
‘They’re toxic but popular’: businesses wary as they head to Reform’s party conference Nigel Farage will be wooing corporate guests at the NEC in Birmingham as his party aims to build on recent successes
US justice department opens criminal inquiry into Fed governor Lisa Cook Officials to investigate claims of mortgage fraud against Cook, who has refused to accept firing by Donald Trump
Canada’s Mark Carney signals austerity measures as government shifts focus from Trump to economy Prime minister cautions Canadians as Ottawa moves to curb spending to balance near-record military expenditures
UK businesses cut jobs at fastest pace in four years over summer, Bank of England finds Companies say increase in employer national insurance contributions has forced them to cut jobs and raise prices
Hugh Corbet obituary Other lives: Economist who created the London-based Trade Policy Research Centre and was committed to promoting free trade
Why Trump’s firing of the US jobs chief has economists worried Economists warn credibility of Bureau of Labor Statistics at risk after Trump ousts commissioner over job numbers
Trump asks US supreme court to overturn trade tariffs ruling President challenging federal appeals court decision that ‘liberation day’ levies on imports overstepped his powers
Rachel Reeves’s autumn budget will take place on 26 November As the later-than-usual date is set, chancellor insists the economy ‘isn’t broken’ but ‘isn’t working well enough’
Bank chief warns against ‘exaggerating’ rise in UK borrowing costs Andrew Bailey’s remarks to MPs about the rise in the 30-year bond yield will bring some relief to the chancellor
BoE’s Bailey plays down surge in 30-year borrowing costs, and criticises Trump’s attacks on the Fed – as it happened UK 30-year yields rose above Tuesday’s levels in early trading but have now dropped back
UK hit by fresh sell-off in government bond markets as pound weakens Yield on 30-year gilts hit highest level since 1998, indicating it will cost UK more to borrow from markets
Rising bond yields leave Reeves with no choice but to plan a ‘muddle-through’ budget Despite predictions of a 1970s-style budget crisis, analysts point out similar rises are taking place in other markets
UK long-term borrowing costs hit 27-year high, and pound falls, in pre-budget blow for Labour – as it happened UK 30-year bond yields rise to highest since 1998 amid ‘worldwide bond market rout’