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IMF plan to visit Russia to assess economy prompts dismay across Europe

Protest letter sent to fund’s head over move to send staff to Moscow for first review since invasion of Ukraine

Government to seek global trade deals for UK at expense of formal EU re-entry

Business secretary Jonathan Reynolds says joining the Asia-Pacific CPTPP bloc is a ‘real win’ for exporters, even though it will preclude the UK from EU membership

China begins anti-subsidy investigation into European dairy imports

Inquiry into eight EU countries is latest chapter in hostility between Beijing and EU over trade

Threat to stock markets comes from China and Middle East, not the US

US economy has staying power but China’s growth prospects have worsened and too little attention is paid to war in Gaza

Shares in New York and London tumble on fears of US recession

FTSE 100 on track for its lowest close since April and Japan’s Nikkei suffers biggest fall since crash of 1987

Wood Group suitor pulls out of takeover, blaming market turmoil

Shares in FTSE 250 company slump 37% in early trading after Dubai-based Sidara cites geopolitical risk

Large English vineyards mark boom year as output and investment soar

Though tiny compared with rivals, English wine trade is thriving as climate crisis fuels flood of new capital from investors

Fears of further market turmoil deepen after US economic data spooked investors

Analysts await key services sector metric to gauge US vulnerability to recession as stocks in Middle East fall amid regional tension

UK food industry says lack of testing capacity forcing imports back to EU for checks

Trade bodies blame lack of lab facilities at Brexit border posts for longer delays and shorter shelf life of food

World Bank warns 108 countries risk being stuck in ‘middle-income trap’

Too many nations, including China and India, are relying on outmoded strategies to become advanced economies, says report

‘Smarter money’ is the key that will unlock the promise of Africa and the Caribbean

Regions’ vast potential is being blocked by the need for better investments, key partnerships and reforms to global finance

The Guardian view on UN tax talks: Labour must repudiate the stance of the last government

Editorial: Britain has a historic responsibility to back global attempts to properly regulate the world of offshore financial centres

CrowdStrike faces backlash as ‘thank you’ gift cards are blocked

$10 UberEats vouchers sent to people who helped after global IT outage are flagged as potential fraud

Developing countries face worst debt crisis in history, study shows

Spending on health and education being cut as nearly half of budgets are used to pay creditors, campaigners say

World needs economic stability after a tough few years, but if Trump wins we’re unlikely to get it

The attempt on the former president’s life may well result in a new era of trade tariffs, protectionism and a weak dollar

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  • 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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