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European Central Bank cuts main interest rate by 0.25 points

ECB reduces rate to 3.75% across eurozone, putting it ahead of US Federal Reserve and Bank of England

UK clothing sales to EU plummet as Brexit red tape deters exporters

Small and medium-sized firms badly hit as huge drop in apparel sales helps fuel 18% slide in all-non food exports

Debt payments by countries most vulnerable to climate crisis soar

Exclusive: level at highest in more than 30 years, say campaigners, who want ‘rapid and effective’ relief scheme

Janet Yellen urges EU to join US in curbs on cheap Chinese exports

Comments come as Commission president hints EU could impose tariffs on Chinese electric vehicles

Productivity soars in sectors of global economy most exposed to AI, says report

Employers in UK, one of 15 countries studied, willing to pay 14% wage premium for jobs requiring AI skills

US approach to China’s rapid growth has lessons for us all

Protectionism in the form of tariffs is justified but the focus will be on whether Beijing retaliates

‘Art-washing’? Unease as British cultural institutions lend lustre to Saudi trade push

Campaigners say move to use the arts to reinforce economic ties with Riyadh may help to launder Gulf state’s human rights record

Sharp rise in cost of British lamb in UK due to rising demand and import issues

Cold and wet weather also thought to have led to more lambs dying in early season, as Morrison drops 100% British lamb pledge

JCB built and supplied equipment to Russia months after saying exports had stopped

Exclusive: Russian customs records suggest firm owned by major Tory donor kept supplying machines after ‘voluntary pause’

Biden announces 100% tariff on Chinese-made electric vehicles

White House levy to protect US makers from cheap imports likely to inflame trade tensions

As the Red Sea crisis continues, pressure on consumer prices follows in its wake

UK manufacturers and retailers are not yet passing on all the costs of diverting ships round southern Africa – but can that last?

World Bank and IMF can press Ghana to rethink ‘punitive’ LGBTQ law, charities say

Charities and campaign groups are calling on bodies to say they may stop funding country if legislation comes into effect

Biden White House to expand tariffs on Chinese trade

President likely to add sectors such as electric vehicles, batteries and solar cells to range of levies set up under Donald Trump

Hungary rolls out red carpet for Xi in final leg of European tour

Warm welcome for Chinese president contrasts with rest of EU, with up to 18 cooperation agreements expected

EU restates readiness to launch trade war with China over cheap imports

Bloc ‘will not waver’ from making tough decisions to protect economy and security, says Ursula von der Leyen

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  • 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

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