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Trump hails Iran deal but conflict continues to cast long shadow over global economy

As the price of crude oil falls governments are counting the costs of the war in the Middle East

‘Mega-consumers’ of food and energy cost environment $5.7tn a year, study finds

Top 10% generate climate and biodiversity damage bill that exceeds economies of most countries, say researchers

Surprisingly benign UK inflation data signals a softer Iran war hit than feared

Impact of war on UK cost of living more muted than first forecast suggesting fuel price rises have failed to spill out more widely across UK plc

Is it bad that Elon Musk has a trillion dollars? Yes, and here’s why

Just as the ‘poverty line’ determines what’s required for basic living, we need a ‘wealth line’ to show when extreme wealth becomes harmful, says economist and philosopher Ingrid Robeyns

Starmer vows new sanctions on Russia and nuclear energy support for Ukraine

G7 told ‘we will stand with Ukraine for as long as it takes’, with Russia’s finance networks and shadow fleet targeted

EU trade deficit with China reaches record €1bn a day, data shows

Import and export figures come as European leaders prepare to meet this week to address growing imbalance

Oil and gas unlikely to return to prewar prices for months even if Hormuz reopens

Markets welcome US-Iran peace deal but prices may stay high as buyers race to refill depleted emergency crude stockpiles

Macron frames Évian G7 agenda in hope Trump will stay for whole summit

US president left last meeting early, but world leaders aim to end Ukraine war and push for resolution in Gaza and Iran

How Brexit has made Britain poorer – in charts

Forecasters were wrong about an immediate recession but right that we would be worse off outside the EU

Global growth is slowing to lowest level since pandemic, says World Bank

Forecast for this year downgraded to 2.5% and inflation expected to jump as a result of war in the Middle East

Stock markets fall as concerns persist over tech firms at heart of AI boom

Drops follow sharp sell-off of US tech stock last week while oil prices seesaw after Iran and Israel exchange strikes

‘Immediate national priority’: ministers accused of complacency over UK food supply

Cold storage and logistics body warns food supplies at risk from fuel shortages, cyber attacks and extreme weather

UK to challenge EU over ‘devastating’ plans to almost halve tariff-free steel import quotas

Business secretary to meet European counterpart on Friday as EU industry leaders worry about retaliatory measures by UK

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

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  • CNN and MS Now journalists denied access to White House state dinner despite court ruling
  • UK food and drink trade deficit largest since 2000 at £21bn
  • France says EU’s ‘Made in Europe’ law should not include the UK
  • Launch of UK’s ‘largest AI supercomputer’ delayed by power supply problems
  • US mortgage rates top 7% for first time in 20 months
  • Vistry is the laggard in a housebuilding sector full of cracks
  • UK interest rate rise ‘increasingly likely’ with high energy prices; inflation fears hit bonds – as it happened
  • Reported assaults on Great Britain’s railways rise by fifth in a year
  • EU says Trump plan to ban US diesel exports would ‘negatively impact both sides’
  • Price hikes, ads and lower quality: has ‘streamflation’ ruined the TV experience?
  • ‘Eat the rich, save the planet’: climate protesters call out big tech’s disconnect from reality
  • ‘You can’t just bet everything on exports’: as its gas runs out, is Bolivia doomed to repeat history?
  • Oil price rise creates more pressure on UK policymakers before budget
  • Tell us: do you enjoy listening to music on CDs?
  • JoAnn Fabrics fans seek to stitch void left by private equity with crafts co-op
  • Flash sale: AO snaps up camera seller Jessops from Dragons’ Den star Peter Jones
  • From idealists to struggling sceptics: how Labour’s majority depends on five progressive voter types – in charts
  • Housebuilder Vistry slashes profit forecasts as losses balloon
  • UK ‘losing up to £6.5bn a year in EU trade’ without post-Brexit product deal
  • Alarm bells sound in Brussels as EU sales of Chinese hybrid cars rocket
  • Australians ‘scrambling’ for second jobs to deal with rising mortgage repayments and cost of living
  • Judge seems inclined to side with media outlets who were banned from White House in lawsuit
  • UK defence contractors to offer 40,000 apprenticeships, placements and jobs
  • Bentley launches first fully electric car – with fake engine sounds to replace classic growl
  • McDonald’s to take on KFC and rivals as Gen Z flock to fried chicken
  • Does Airtel Money mark the end of London’s listing drought? Not yet
  • Unhappy couples staying put due to cost of living crisis, say divorce lawyers
  • Single, couple or family: not all Australian middle-income earners are equal
  • UK economic outlook brighter as new government measures will boost growth, says OECD – as it happened
  • Burnham stands by claim UK is ‘in hock’ to bond markets

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