Temporary order restricts efforts of billionaire’s Department of Government Efficiency to infiltrate multitrillion dollar system ...

The Bank of England has halved its 2025 growth forecast and cut interest rates by a quarter-point to 4.5 per cent, as it contends with a stagnant UK economy and an increasingly uncertain international ...

All political careers may end in failure, but the UK’s new ambassador to Washington, Peter Mandelson, isn’t done yet ...

Marks and Spencer has appointed the former head of Boohoo to run its clothing, home and beauty divisions as the retailer presses ahead with its turnaround.

Trump administration move to temporarily shutter US agency triggers crisis for independent outlets in ex-Soviet space ...

HSBC is in talks to award chief executive Georges Elhedery a pay package of as much as £15mn, almost six months after he was appointed and embarked on a significant cost-cutting drive at the bank.

Also in today’s newsletter, bookmark our new US trade tracker for all the latest data amid the prospect of an all-out trade war ...

It has also diversified geographically — limiting the impact of tax loophole closures. The US accounts for less than half of Temu’s global GMV, compared with 100 per cent three years ago, when the app ...

Yet GSK is clearly healing from its multiple comorbidities — the worst of which was the (now largely resolved) legal overhang related to heartburn medicine Zantac. Chief executive Emma Walmsley also ...

Last week, I wrote about US President Donald Trump’s administrative self-coup (or autogolpe) — his orders to the executive ...

Wall Street banks saddled with debt from Elon Musk’s $44bn takeover of Twitter sold large chunks of the loan package to investors on Wednesday, allowing a number of lenders to exit one of the toughest ...

While the neutral rate is almost certainly lower than 2.75 per cent, the ECB’s current benchmark deposit rate, there is also disagreement about what the exact figure is. It cannot be directly measured ...