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Gold futures jump to record high after US tariffs on cast bars

Imposition of 39% import rate described as ‘another blow’ to Switzerland’s world-leading refining industry

Conditions for Zelenskyy meeting are nowhere near met, says Putin – as it happened

Russian president says Trump talks could take place as early as next week and the UAE could host

Thousands of hotels in Europe to sue Booking.com over ‘abusive’ practices

Class action lawsuit argues the online travel platform distorted market with ‘best price’ clauses

Shares in European drug companies hit four-month low as Trump tariffs loom

President repeats threat to bring in levies ‘within next week or so’ in attempt to get companies to move production to US

World awaits Trump’s next move as Russia ceasefire deadline approaches

US president has been unusually reticent about plans to punish Russia if it does not agree to end Ukraine war

Sales of Novo Nordisk’s diabetes drugs including Ozempic slow sharply

Danish company to cut costs and consider layoffs after competition from Mounjaro and the copycat market

Drone that crossed into Lithuania from Belarus represents ‘alarming sign of spillover of Russia’s aggression’, says Lithuanian minister – as it happened

Lithuanian foreign minister Kęstutis Budrys says drone, which authorities say was carrying explosives, shows incidents crossing ‘onto Nato territory’

Guinness owner Diageo’s profits slump as it warns of $200m Trump tariff hit

British drinks firm, which is searching for new CEO, expands cost-cutting plan

Shein fined €1m in Italy for misleading environmental claims about products

Chinese fast fashion retailer penalised month after €40m fine from French regulator in July

Swiss president under fire after Trump call leads to US tariffs shock

Karin Keller-Sutter accused of mishandling talks as shares dive after Switzerland hit with 39% tariff

Investor confidence in EU drops after Trump’s Brussels trade deal

Agreement is said to ‘dampen the mood’, with the US viewed as the winner at the expense of the eurozone

‘As if we’re real guests’: the startup selling strangers invitations to weddings

A Parisian couple are the first to use an app allowing guests to buy a seat at their wedding. You’re invited – for €150

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

This trade deal is the EU’s Suez moment – its subservience to Trump is on show for all to see

Critics have described the one-sided deal as an admission of weakness, and a dark day for Europe. They are absolutely right, says Guardian columnist Larry Elliott

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

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  • Bank of England expected to leave interest rates on hold today; oil and gas prices lowest since early days of Iran war – business live
  • FCA closes investigation into Drax over biomass sourcing
  • Drax cleared after investigation into sourcing of wood pellets
  • Gina Rinehart says Australia should give Elon Musk islands to launch satellites into space
  • Gina Rinehart says Australia should give Elon Musk islands to launch satellites into space
  • UK unemployment rate falls to 4.9% and wages grow more than expected
  • Plan to ban ‘private equity sharks’ from social care dropped, Wes Streeting says
  • Tesco’s UK sales growth more than halves amid Iran war uncertainty
  • Dubai property sales have fallen ‘off a cliff’ since start of Middle East war
  • Rejoining customs union would not fix damage caused by Brexit, research finds
  • NHS patients face worst drug shortages on record, say pharmacists and GPs
  • Qantas delays non-stop flights from Sydney to London – again
  • Federal Reserve holds rates steady but signals possible hike before year’s end
  • The bleak view that unemployment needs to rise shows the RBA acts firstly in the interests of companies, not workers
  • Legislation proposed to stop lawsuits used to silence journalists and whistleblowers
  • UK inflation unexpectedly stays at 2.8% with higher transport costs offset by slower food price rises – as it happened
  • Jaguar Land Rover to make more hybrid cars in US sales push
  • AO boss blames Labour as it shifts UK call centre roles abroad
  • Real estate event in London ‘advertised sale of land in illegal Israeli settlements’
  • Lululemon apologises after Japanese drum row at Great Wall yoga event
  • Surprisingly benign UK inflation data signals a softer Iran war hit than feared
  • UK inflation stays at 2.8% as slowing food prices offset rising transport costs
  • ‘Tax break tart’: hospitality tipped to exploit summer VAT cut on children’s meals
  • John Lewis injects £20m into Glasgow city centre store in wider branch reboot
  • Fashion tycoon Bernard Arnault accused of stranglehold over French business press
  • Lib Dems to urge Labour to drop ‘torpor and timidity’ on EU and rejoin single market
  • Is it bad that Elon Musk has a trillion dollars? Yes, and here’s why
  • SpaceX overtakes Amazon to become world’s fifth most valuable company
  • The tide is turning on Thames Water: special administration looks best
  • US small business owners: how are you operating in the current economic climate?

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