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Top Headlines from the UK Edition
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UK vehicle production hits 76-year low in May as Trump tariffs bite
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| Output plunges after Aston Martin and other British carmakers halt exports to the US |
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US Treasury asks Congress to scrap foreign revenge tax in Trump bill
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| Scott Bessent says deal with G7 would stop global minimum taxes from applying to American companies |
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Starmer makes costly concessions to rebel MPs as he nears deal on welfare cuts
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| PM tries to fend off uprising by more than 120 Labour MPs over ‘brutal’ reforms |
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Some EU leaders can’t live with Trump — others can’t live without him
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| Maga’s ‘second American revolution’ has inspired European politicians on both left and right to rebrand themselves |
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How the next financial crisis starts
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| The climate shocks that could trigger wider market turmoil |
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Top Headlines from the International Editions
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Donald Trump says US-China trade truce has been ‘signed’
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| Purported pact follows negotiations in London and Geneva to de-escalate global trade war |
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Nike shares surge 10% on turnaround hopes despite worst results in years
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| Sportswear group says latest earnings numbers reflect financial effects from corporate turnaround programme |
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Tesla parts ways with top executive and fixer for Elon Musk
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| Omead Afshar leaves electric vehicle maker as the company contends with a steep slump in sales |
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Early intelligence suggests Iran’s uranium largely intact, European officials say
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| Preliminary assessments indicate Tehran was able to move much of its stockpile |
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AI returns have not yet justified investment mania
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| The hope (and hype) is as powerful as ever but it is hard to see where the needed revenues will come from |
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Xiaomi shares soar to record after phonemaker sells 200,000 electric SUVs in 3 minutes
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| YU7 is priced to compete directly with Tesla’s Model Y |
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Minister promises to curb powers of UK’s financial ombudsman
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| Proposed overhaul to form critical part of government’s financial services review next month |
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Jes Staley fails to overturn ban over Jeffrey Epstein links
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| Judge says former Barclays chief did not fully disclose relationship with convicted sex offender but trims £1.8mn fine |
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White House says decision on nominating next Fed chair not ‘imminent’
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| US dollar fell after report that Donald Trump could name nominee to succeed Jay Powell as soon as this summer |
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Sam Laidlaw no longer in the running to become BP chair
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| Former Centrica chief thinks UK oil major will need painful restructuring if it is to avoid being taken over |
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Anna Wintour to step down as editor of US Vogue
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| Condé Nast content chief will keep senior roles at parent company and global control of Vogue magazines |
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Apple to open App Store to competitors in EU as it seeks to avoid fines
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| iPhone giant will make it easier for developers to promote their offerings |
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Trump Mobile quietly drops ‘Made in America’ smartphone promise
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| Trump Organization’s venture now says devices will be ‘brought to life’ in the US |
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New FDI projects in the UK fall to record low
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| Official data fuels concerns over Labour’s ambition to attract foreign capital to Britain |
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Private equity firm HIG targets £800mn for sale of ex-KPMG restructuring unit
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| Banks begin pitching for roles on Interpath Advisory deal |
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Private credit joins the US tax-break treasure hunt
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| Backers of business development companies are now trying to right a perceived wrong |
