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UK to challenge EU over ‘devastating’ plans to almost halve tariff-free steel import quotas

Business secretary to meet European counterpart on Friday as EU industry leaders worry about retaliatory measures by UK

‘Happiness is not just about GDP’: ambitious plan or utopia?

Some will question its credibility – but the alternative future to the one imagined in the Global Justice Report is far more bleak

A good life for the 99% isn’t a pipe dream: it can be done. Here’s how

Our plan is radical – but by transforming how we live on a finite planet, nearly everyone gains, says Thomas Piketty and researchers from the World Inequality Lab

Trump threatens tariffs on 60 trading partners including UK and Canada over ‘forced labour’

Proposal for 10-12.5% levies, to also include EU, Taiwan and Australia, would allow US president to skirt court-imposed limits

OECD predicts spate of recessions globally if Iran conflict drags into 2027

Policy forum lays out ‘prolonged disruption’ scenario in which world’s GDP falls to 2.1% this year from 3.4% in 2025

Alphabet’s shares drop after announcing $80bn share sale, as AI threatens to drive up youth unemployment – as it happened

Rolling coverage of the latest economic and financial news

Orbán’s oligarchs on edge as Hungary poised to launch wealth tax

New PM Péter Magyar calls policy a sign of ‘social justice’ after years of political loyalty being rewarded with economic opportunity

Despite what the UK right will tell you, appeasing bond markets has actually led to instability

Austerity has benefitted bond traders but impoverished UK society and led to the rise of populism. Is it right that we carry on adhering to their interests, asks Guardian columnist Andy Beckett

Ex-Federal Reserve chair Jerome Powell sounds alarm over political interference

Powell says central bank has been facing ‘stress test’ under Trump, as supreme court weighs decision on Fed governor that president tried to fire

Oil price rises to $97 a barrel as ‘Iran stops exchanging messages with US’ – as it happened

British house prices fell 0.6% in May, leaving them 1.7% higher than a year earlier, Nationwide reports

The disaster of Brexit is a warning against simple solutions to hard problems

Alan Milburn says youth unemployment has no quick fixes – an idea with an important lesson for those thinking about how to rejoin the EU

‘I want my life back’: drugs shortages lay bare economic impact of diamond crash in Botswana

Healthcare should be free but lack of essential supplies has led to patients being told to buy their own medicines

Inflation won Trump the presidency, but could cost him the midterms

Trump’s pursuit of policies that drive up prices, including tariffs and war, might be punished in November’s elections

Bank of England’s Bailey says no rush to raise interest rates amid Iran war uncertainty

Inflation can be tolerated above 2% target for now ‘given context of softness in real economy’, governor says

Labour poised for fresh welfare changes after scale of youth jobs crisis revealed

Alan Milburn’s landmark report says unemployment among young costs UK £125bn a year and warns of ‘lost generation’

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  • Ed Miliband as chancellor would benefit every part of the UK – and the bond markets
  • When it comes to taxing the super rich, there’s no need to reinvent the wheel
  • Ocado boss Tim Steiner’s near £100m in pay raises ‘serious concerns’
  • Rising cost of insuring against climate crisis will have wider knock-on effects for UK economy
  • Will Andy Burnham ‘go big’ in expanding the role of the state?
  • Lost your crypto access code? Be wary, there‘s a scam for that too
  • Labour has abandoned the missions that brought it to power. Here’s how Burnham could revive them
  • Leaks, lawyers and a whistleblower: how did KPMG’s failings emerge – and could more have been done?
  • The AI bubble has further to run despite the looming crash
  • Trump threatens 100% tariff on European countries that impose digital tax
  • Here’s what to do if your StubHub World Cup resale ticket is canceled
  • Parents booking air-conditioned hotels to keep babies safe in UK heatwave
  • Reporter urges US supreme court to halt ruling forcing her to reveal sources or pay $800-a-day fine
  • Climate sceptics cheering as they melt in record temperatures? This heatwave is where satire has come to die
  • Great Britain’s grid operator warns again over power supplies in heatwave
  • Key TG Jones landlords back restructuring plan; oil price hits four-month low – as it happened
  • VW plans to cut up to 100,000 jobs and shut plants, report says
  • OpenAI staggers AI model release after Trump administration request
  • ‘Fork in the road’: CEO of Amazon-backed Rivian on why carmakers need to invest in EVs
  • ‘Make people dream’: how to build an economy for the common good
  • ITV shelves rugby in-game adverts after brands pour cash into World Cup instead
  • Revolut pushes new recruits into office in shift from ‘remote-first’ policy
  • First major hydropower projects in Great Britain in 40 years given go-ahead
  • As billionaires’ wealth soars, US workers struggle: ‘The rich keep getting richer for no good reason’
  • Heathrow expects fall in passengers and profits this year because of Iran war
  • Too hot for work: why extreme heat is a threat to Europe’s productivity
  • Crown estate makes more than £1bn profit for third year running
  • US media regulator Brendan Carr accuses Disney of ‘misinformation’ on investigations
  • ‘Act on the evidence outside the window’: Andy Burnham urged to stick to net zero targets if he becomes PM
  • Burnham could become PM on 17 July based on Labour leadership contest timetable – as it happened

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