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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

Oil price rises back above $100 a barrel as energy market may be past ‘point of no return’

Crude rises after US strikes on Iran dampen hopes of peace deal, with experts saying talks appear stuck in ‘endless loop’

With oil markets nearing the danger zone, a US-Iran deal can’t come soon enough

Global prices are approaching a tipping point that could trigger inflation, shortages and, over time, recession

EU agrees to implement US trade deal struck last summer

MEPs had twice frozen ratification process in protest at Trump’s threats to increase tariffs and take control of Greenland

Germany urged to stop admiring Beijing and wake up to ‘China Shock 2.0’

‘China has already eaten much of German industry’s lunch and is preparing to start on dinner,’ thinktank says

Fears of new China shock as EU industry’s reliance on imports grows

Rising volume of components imported from China prompts warning of cannibalisation of European industries

Rachel Reeves suggests if it ain’t broke, don’t fix it – as fight to keep her job goes on

The GDP boost has raised the chancellor’s prospects for staying in post, whoever wins the Labour leadership battle

‘Inevitable’ jet fuel shortages will drive up air fares this summer, says Willie Walsh

Impact of disruption from Iran war may be felt into 2027 even if strait of Hormuz reopens, says aviation body boss

Pity the poor billionaires – demands for higher taxes must feel hurtful

No wonder they are upset by the slogan ‘tax the rich’. Despite their wealth increasing 81% since 2020, they need our emotional support now more than ever, writes Arwa Mahdawi

Oil prices climb after Trump dismisses Iran’s response to peace plan

Brent crude rises after US president calls overture from Tehran ‘totally unacceptable’

‘Degree of complacency’: are supply chains prepared for impact of ongoing Iran war?

The economic warnings are bleak, but full extent of shortages are still not felt for many European countries

Trump walks back threat to rip up part of EU trade deal but tells bloc to ratify by 4 July

Trump sets Fourth of July deadline as he vents impatience at speed of EU’s implementation

Oil prices fall as Trump says strait of Hormuz ‘open to all’ if Iran accepts deal

US president says war will end if Tehran agrees to deal, but that ‘bombing starts’ again if it does not

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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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