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UK service sector confidence higher in May than since before autumn budget

Survey of business leaders shows many looking forward to improved sales and investment in next six months

US’s most Canadian town is stuck in the middle of a trade war

Isolated from the rest of the US, Point Roberts businesses say a drop in Canadian tourism is economically devastating

Are we heading for a recession? Show me your nails

Who needs boring old facts and figures? According to a host of entirely authoritative influencers, changing tastes in manicures can tell us all we need to know about the economy, says Arwa Mahdawi

‘Saying Trump is dangerous is not enough’: Bernie Sanders on Biden, billionaires – and why the Democrats failed

The senator and twice Democratic presidential hopeful is on tour with Alexandria Ocasio-Cortez trying to build a new progressive movement. He reveals why he thinks Republicans are scared to speak up and what went wrong for Kamala Harris in 2024

Trump’s 50% tariffs on foreign steel and aluminum come into effect

Trading partners around the world express anger including Mexico which buys more steel out of the US than it sends the other way

Rachel Reeves unveils £15bn for trams, trains and buses outside London

Focus on capital spending in northern cities and Midlands is recognition Labour needs better economic story for voters

Rachel Reeves looks to spending review to shift focus from welfare cuts

Ahead of next week’s statement, the chancellor is to announcing transport investments outside London

Bank of England governor warns Trump tariffs have ‘blown up’ global trade system – as it happened

Rolling coverage of the latest economic and financial news, as MPs quiz the Bank of England about interest rates, and trade wars

Destroying our natural wealth makes us poorer in every sense of the word

Partha Dasgupta’s landmark study provided way to put a value on nature – but many fear report has been sidelined

UK interest rates more uncertain due to Trump policies, says Bank governor

Andrew Bailey tells MPs pattern of trade deals and lower tariffs ‘blown up’ with serious impacts for global economy

UK will slump to 1% growth next year as Trump tariffs bite, says OECD

US, Mexico and Canada economies likely to be worst affected by ongoing tariff battles, says forecast

US manufacturers hurt by Trump trade war; pound near three-year high against dollar – as it happened

Rolling coverage of the latest economic and financial news

Labour pushes ‘military Keynesianism’ to win support for defence spending

Government argues investment creates skilled jobs, but others say spending elsewhere would have more impact

Fiscal recklessness aside, it’s the super-rich who’ll benefit from Reform UK policies

Nigel Farage claimed last week to speak for the working class but he is still firmly wedded to the rightwing playbook

Ukraine must urgently be given the €300bn of frozen Russian assets

Confiscating the funds would shock Putin, help Ukraine, and take advantage of disillusionment in the US economy

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  • 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
  • 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’

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