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Trump defends firing labor statistics chief by lying about her role in 2024 campaign – as it happened

This liveblog is now closed.

Trump steps up attacks on Fed’s independence amid interest rates row

US president called on top Fed officials to seize control from chair Jerome Powell if he fails to cut interest rates

Trump fires labor statistics chief hours after data showed jobs growth slowed

US president accused of ‘firing the messenger’ as he makes claims without evidence about Erika McEntarfer

Wall Street falls as Trump tariffs and weak jobs report hit global markets – as it happened

Just 73,000 jobs created in July, and employment in May and June was 258,000 lower than previously reported

Dozens of countries scramble to cope with latest wave of Trump trade tariffs

Markets tumble as US president unleashes global chaos with rates from 10- to 50% due to take effect next week

UK politics: Reeves refuses to be drawn on wealth tax after ex-shadow chancellor’s call – as it happened

Chancellor says the government has ‘got to get the balance right on taxation’ after call by Anneliese Dodds

US adds just 73,000 jobs in July amid pressure from Trump’s trade war

July jobs growth slowed amid rising signs that Trump’s tariffs are weighing on trade, prices and hiring

Trump imposes sweeping new tariffs on dozens of countries in latest bid to reshape global trade

High levies affecting some of world’s poorest countries are to go into effect in seven days, while Mexico granted 90-day extension

The Guardian view on Trump’s tariffs: both a political and an economic threat

Editorial: The August deadline has come, but the dangers to international relations and to world trade are both as real as ever

Starmer and Reeves should consider wealth tax, says former shadow chancellor

Anneliese Dodds urges government not to duck ‘big decisions’ in autumn budget

Tax rises in autumn would force our prices up, retailers tell Reeves

Lobby group says shops have already had to put up prices and new increases would leave households struggling

Divided Fed leaves interest rates unchanged despite Trump pressure

Two Federal Reserve governors vote against decision as US GDP grows at an annual rate of 3% in second quarter

US economy grows faster than expected as Trump announces 25% tariffs on India – as it happened

Live, rolling coverage of business, economics and financial markets as world’s biggest economy grows at 3% annualised rate in data distorted by trade wars

US and China poised to extend tariff truce after failing to find resolution at talks

Trump will need to approve pause, say US representatives after negotiations end with sides failing to break deadlock on trade terms

Ministers take note: now is the moment to fight to keep AstraZeneca’s listing in London

One hopes cogs are turning in Westminster after Pascal Soriot’s affectionate talk of US at pharmaceutical giant’s half-year results

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  • 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
  • Ryanair ditches family seating fees; Markets at record highs as oil hits pre-Iran war levels – as it happened
  • Unison chief endorses Ed Miliband for chancellor in a Burnham government
  • US supreme court blocks thousands of lawsuits over Roundup maker’s pesticide warning labels
  • Oil price falls to pre-Iran war levels as more tankers exit strait of Hormuz
  • Can a $290m film studio on a former cow paddock lure Hollywood to Perth?
  • Make pension tax relief only available to savers prepared to invest in UK, Andy Haldane says
  • Ryanair adopts ‘free of charge’ family seating policy after watchdog investigation
  • Reform UK plan to target EU nationals based in Britain ‘absolutely outrageous’
  • Great Britain’s grid operator pays £10m for extra power to avoid supply crunch tonight
  • Reeves backs Burnham to be PM despite reports she may be offered lesser role
  • UK to halve tariff-free steel imports to counter glut of cheap Chinese metal
  • Rome airports threaten to suspend new EU passport system to avoid summer ‘disaster’
  • The great tinification: how Britain fell in love with canned cocktails
  • Elizabeth Warren says ‘tsunami of anger’ could prompt reversal of Trump-era mega mergers
  • EasyJet opens talks with Castlelake after rejecting £4.9bn takeover offer
  • Fortescue class action: female workers claim sexual harassment at remote mine sites
  • It’s not the bond markets Andy Burnham should be afraid of. It’s his own MPs
  • 1 July changes: minimum wage rises, payday super, parental leave tweaks and everything else coming for 2026–27
  • Elon Musk loses trillionaire status as SpaceX and Tesla stock drops
  • Exploit last North Sea oil and gas or risk mass job losses, Andy Burnham urged
  • Another FTSE firm is under attack from a US raider. Demand top dollar
  • Bedford crash occurred after train passed red signal, investigators believe
  • Former WH Smith’s small suppliers to lose at least half of debts in rescue plan
  • Cyril Shack obituary
  • Badenoch will ‘absolutely not’ apologise for PMQs comments about Starmer’s downfall, spokesperson says – as it happened
  • Musk loses trillionaire status as SpaceX shares ‘come down to earth with a bump’ – as it happened

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