Trump orders new 15% tariff on key material for solar panels and microchips Move to raise levy on goods made with polysilicon aims to protect domestic US supply chains from China, the major producer
‘Mamma mia!’: Trump tariffs refund ignites 53% profit spike at Nintendo Profit jump fuelled largely by unknown US refund amount as Japanese video game firm records quarterly sales drop
US refunds $100bn of Donald Trump’s ‘liberation day’ tariffs More than half of tariff income refunded after supreme court ruled Trump’s levies were illegal
Oil prices plunge and Europe’s markets rally after Trump calls off Iran strikes Brent crude drops by 5% after US president claimed talks on Middle East peace deal would resume
The Guardian view on global corporate tax: a $500bn prize that states must seize Editorial: Donald Trump may reject the negotiations, but he cannot veto a global effort to make multinational companies answer to governments
ECB official warns climate crisis poses growing threat to ‘core financial stability’ Exclusive: As wildfires rage across Europe, Frank Elderson tells the Guardian nature loss poses a growing risk to the global economy
Oil prices fall as US pauses strikes on Iran over strait of Hormuz Brent crude drops 9% to below $88 a barrel, prompting UK government bond yields to fall
Ed Miliband indicates development and climate will be at heart of UK foreign policy Exclusive: Foreign secretary to take up World Bank seat and play active role in shaping changes to global lender
China’s economy grows at 4.3%, one of its lowest rates on record Worse-than-expected figures for three months to June come amid concerns over lopsided economy
Oil price jumps as US-Iran clashes raise odds of interest rate rises Energy prices later stabilise after Trump abandons plan for 20% levy on traffic through strait of Hormuz
China’s monthly car exports top 1m for first time as overall trade soars Country risks new tariffs from US and EU as it looks likely to match or beat last year’s record surplus of $1tn
‘Super’ El Niño could cause global food price shock lasting into 2028, analysts say Weather cycle threatens harvests worldwide, adding to inflation already fuelled by the Iran war
Developing countries spend more repaying foreign debt than on education, UN reveals Unesco report shows children lost out to servicing debt in 113 countries, with 18 spending five times more on loans
EU urged to exempt UK from car rules that could be worst Brexit impact yet Bloc’s ‘made in Europe’ regulations risk shutting out British manufacturers in ‘most spectacular own goal in history’
EU halves duty-free steel quota but UK and other partners given better rate Thirteen countries with a free trade agreement with Brussels have their quota reduced by just one-third