Exxon and Chevron defy Trump pressure to boost oil production
US supermajors stick to prewar strategies despite White House plea for more drilling to curb soaring petrol prices
UK goods exports to US have not recovered from Trump’s tariffs
Britain has been pushed into an unusual trade deficit with its largest trading partner
Trump vs Kimmel: inside Disney chief Josh D’Amaro’s baptism of fire
Studio’s boss has run into free speech crisis just weeks into his job
Trump adrift: the president’s second term is at risk of foundering
There are signs that voters are losing faith as problems mount for his administration ahead of midterm elections
How bots could help revive democracy
New AI tools encouraging deliberation could promote consensus and reduce polarisation in politics
Zelenskyy’s push for EU membership strains ties with allies
Ukrainian president ‘had to hear some harsh truths’ from leaders at Cyprus summit
First Brands’ creditor sues BDO over car parts maker’s collapse
Hedge fund Black Diamond claims at least $70mn in damages against audit firm
UAE’s Opec exit will drive down oil prices in future, warns Moscow
Russia and Kazakhstan confirm their intention to remain within Opec+
Oil falls back after surging to $126 on supply fears
Brent crude hit new conflict high as blockade of Strait of Hormuz continues before dropping in wildly volatile trading
Bank of England holds rates at 3.75% but says ‘ready to act’
Monetary Policy Committee says borrowing costs may need to rise if energy shock continues to hit global economy
Apple credits ‘most popular’ ever iPhone for booming sales
John Ternus pledges to continue ‘deliberateness and discipline’ in first comments since being named next CEO
Trump sons to take stake in Kazakh miner that won $1.6bn US backing
Donald Jr and Eric have sought to capitalise on sectors supported by father’s presidential administration
Bond investors brace for ‘volatile’ Fed transition as Powell stays on
Kevin Warsh will be trying to shift central bank’s approach at time of deep division, say fund managers
Purdue Pharma to pay more than $8bn to end US opioid case
Resolution will allow billions of dollars to flow to US cities and states that have been hit by the epidemic
How Jay Powell repelled Donald Trump’s attacks on the Federal Reserve
Central bank chair’s decision to confront the president has bolstered the institution’s independence
Bill Ackman expected to hit lowest end of target in second IPO push
Listing for Pershing Square USA set to bring in about $5bn after setting range as high as $10bn
Huawei’s AI chip sales surge as Nvidia stalls in China
Chinese tech companies place large orders for the Shenzhen-based group’s latest range of AI processors
UAE to leave Opec in blow to oil cartel
Move underlines long-running frustrations with group over production quotas
China blocks Meta’s $2bn purchase of AI group Manus
Regulators had reviewed whether deal violated Beijing’s investment rules
Alleged Trump shooter was targeting US officials, authorities say
President says suspect had written ‘manifesto’ ahead of alleged attack on media event
Who is the alleged shooter?
Games developer named as man who attempted to enter dinner attended by Trump
King Charles’s truths to power
Cicero would have applauded the royal message for the US president — even if JD Vance held back
China’s smartphone king takes on Elon Musk in Europe with premium EVs
Xiaomi wants to expand on the continent as demand for its cars outstrips production
Blue Owl draws in $9bn as private credit market cools
Growth in headline figure obscures worse than expected $700mn increase in fee-paying assets
ECB holds interest rates at 2% as inflation rises
Policymakers warn risks to Eurozone economy from Middle East conflict have ‘intensified’
US economy grows at 2% pace in first quarter as AI boom fuels investment
Rush by businesses to purchase tech equipment offsets deceleration in consumer spending
Big Tech’s AI payback might be coming into view
Earnings hint at growth trajectory despite increases in capital spending
Half of ‘long shot’ Polymarket bets on military action are successful
High rate of winning wagers likely to add to concerns that sensitive information can leak on prediction markets
The energy crisis is no excuse for bad subsidies
We know what worked and what failed the last time around
PR executive tried to ‘get rid’ of documents despite legal warning
Audio recordings reveal Tom Harper told contractor to destroy material about an investigation into journalists
North Korea opens museum to honour soldiers killed fighting for Russia
Kim Jong Un and senior Moscow officials pledged to expand long-term co-operation
Russia loses its way in the Sahara
Losses to Malian militants by Wagner Group’s successor call into question future of Moscow’s military adventurism in Africa
Price of access to Trump’s memecoin VIP reception plunges
Top holders of $TRUMP only need own a median of $539,000 to get into exclusive meeting with US president
Trump suggests US could buy Spirit amid bailout talks
Bankrupt low-cost airline has been in talks with the federal government for a ‘financing package’
Banks charged sharply different fees for access to Anthropic investment
Disparate pricing raises prospect of investors earning unequal returns in the same deal on the basis of who their banker is
Donald Trump and the remaking of America’s media order
The president once railed against the ‘fake news’ from the outside. Today, the system itself bears his imprint
US soldier charged with making prediction-market bets on Maduro’s seizure
Army member was involved in planning Venezuela operation and allegedly made $400,000 on trades about mission
The danger of weaponising dollar swap lines
Putative Fed chair Kevin Warsh could embrace Treasury secretary Scott Bessent’s geoeconomic agenda
KPMG and EY demote partners in end of job-for-life model
Move is a departure from the practice of simply asking underperforming senior partners to retire
Microsoft to offer 7% of US staff voluntary redundancy for the first time
Long-serving employees given option for buyouts as it prepared to spend $140bn on AI investment this year
Griffin’s Citadel criticises Mamdani for using his penthouse to sell New York tax plan
Mayor called out billionaire’s $238mn property as he pushes for second-home levy on the wealthy
Trump says Israel and Lebanon will extend ceasefire by 3 weeks
President says US Navy will ‘shoot and kill’ any boat laying mines in Strait of Hormuz
Polish PM questions whether US is ‘loyal’ to Europe’s defence
Donald Tusk says EU should bolster its own Article 42.7 mutual defence clause
Intel shares jump 20% as it predicts revenue surge from AI data centres
CEO says US chipmaker has made ‘fundamental’ changes after year-long turnaround
South Africa’s new Trump whisperer
Sending a white Afrikaner as ambassador to the US is a diplomatic masterstroke
China’s own Mythos is coming — America must prepare
The US needs to block Chinese access to the most advanced technology
Meta to cut 10% of jobs to ‘offset’ Zuckerberg’s AI spending
Social media group plans to spend $135bn on data centres this year
KPMG to axe 10% of US audit partners
Cull comes after years of low uptake for voluntary retirement scheme
Musk says he was ‘a fool’ to fund the launch of OpenAI
Billionaire says Sam Altman wanted ‘halo effect’ of a non-profit while enriching himself in second day of his testimony
Big Tech’s earnings get ever bigger, and ever less useful
Meta, Alphabet and peers are growing smartly, but their value hinges on hard-to-answer questions about AI supremacy
Memory chipmakers hope AI frenzy signals end to boom and bust
SK Hynix and Samsung say customers now want long-term contracts to guarantee supplies amid acute shortages
Lazard to buy private capital advisory group in $575mn deal
Acquisition comes as private capital groups push into increasingly complicated transactions requiring advisory
BoE holds interest rates at 3.75% amid Middle East energy shock
Monetary Policy Committee ‘ready’ to combat inflation threat after 8 to 1 vote to keep borrowing costs steady
Sabastian Sawe is first person to win a marathon in under 2 hours
Kenyan athlete in ‘supershoes’ breaks world record in perfect conditions in London race
Trump’s $1mn gold card visa fails to excite the world’s wealthy
US government filing shows only 338 people have submitted formal requests for the fast-track residency scheme
Powell vows to remain on Fed board as he warns over attacks by Trump
US central bank chief says he will continue as a governor even after Kevin Warsh succeeds him as chair
Republican US senator warns of ‘political cost’ for supporting AI
Josh Hawley urges party to refuse money from Big Tech lobby groups
Oil tops $120 as Trump signals extended Hormuz stand-off
Brent crude rises for eighth straight day as US president says he will keep naval blockade in place
Google told staff it is ‘proud’ of Pentagon AI contract after internal backlash
The tech giant signed an artificial intelligence deal with the defence department on Monday
Fed chair nominee Kevin Warsh secures Senate committee approval
Banking panel votes in favour of Donald Trump’s candidate to lead US central bank
AI companies are just companies
As we leap into a new technological age, the old rules of capitalism still apply
Bill Ackman’s Pershing Square USA slides on Wall Street debut
Weak investor demand hits hedge fund chief’s scaled-back double offering
SoftBank plans to list new AI and robotics company in the US
Masayoshi Son plots IPO for business named Roze as soon as this year
London’s luxury hoteliers lose sleep over fall in Middle East visitors
Expensive rooms go unsold as Iran conflict disrupts Gulf travel and dents demand from big-spending guests
Inside China’s plans to fight in space
From seizing satellites to striking Earth from orbit — Beijing is developing dual-use capabilities in an intensifying arms race with the US
European airlines seize on jet fuel crisis to lobby against passenger perks
Proposals such as extra free baggage allowance would make it harder to cope with rising costs, industry says
Trump says shooting incident shows why he needs new White House ballroom
President calls for legal action against $400mn project to be dropped after security breach at media dinner
Benjamin Netanyahu’s biggest rivals merge Israeli political parties
Former prime ministers Naftali Bennett and Yair Lapid combine forces ahead of this year’s election
Trump rushed offstage at White House correspondents’ dinner after shots fired
US president is safe after Secret Service agents usher cabinet members and journalists from annual event
US stocks hit record highs in Wall Street’s best month since 2020
Investors bet blockbuster AI spending will overshadow fallout from Middle East conflict
How OpenAI’s $500bn data centre venture Stargate has shifted shape
Chief executive Sam Altman’s flexible approach to infrastructure projects is unsettling partners but boosting computing lead
Ken Griffin suggests retail investors do not understand private credit
Founder of Citadel says some investors may not have realised they cannot quickly withdraw all their money from funds
How Citi’s $52mn hire was forced out of JPMorgan over his behaviour
After years of complaints, Vis Raghavan had been told he was out of a job. Three days later, Citi hired him
First Brands chose BDO for ‘less rigorous’ approach, witness says
Former executive told investigator examining company’s failure that audit firm had ‘most unsophisticated’ process
Trump steps up White House ballroom campaign after shooting
Republican supporters call for $400mn structure to be funded with public money as a national security priority
Britain’s King Charles and Queen Camilla arrive on state visit to the US
UK hopes royals can help mend relationship strained by Iran war
KPMG shuts US government audit practice after losing army contract
Pentagon consolidates work in push to modernise its accounts following years of failed inspections
US farmers reel from spiralling prices due to Iran war
Conflict has hit fertiliser costs in an agricultural sector already reeling from Trump’s trade war
US ambassador to Ukraine to leave over differences with Trump
Julie Davis frustrated with president’s lack of support for Kyiv, say people familiar with the matter
BYD profits drop by more than half as Chinese sales slow
Phasing out of electric vehicle subsidies has driven slump in domestic sales growth following years-long boom
King Charles, America and the futility of growth
The UK’s stagnant economy and the US’s dynamic one are both politically dysfunctional
Wall Street banks boost Treasury holdings to highest level since 2007
Trump administration’s push to cut regulations prompts big banks to facilitate more trading in government debt
Top central banks gamble they have time on inflation risks
Convulsions in energy markets, often driven by Donald Trump’s posts on Truth Social, are complicating inflation forecasts
Blue Owl investors shun cut-price exit offer from Boaz Weinstein
Offer from Saba Capital to buy shares of private credit fund at 65 cents on the dollar fails to attract sellers
China’s CIC considers selling Heathrow stake over third runway cost worries
Beijing-backed wealth fund puts 10% stake in London airport on ‘active watch’
Are Europe and America headed for divorce?
The US military commitment to Europe is fraying — but the two sides remain locked in an unhappy marriage for now
Chip toolmaker Tokyo Electron cuts ties with executive linked to Chinese rivals
Veteran executive Jay Chen, who helped build Japanese group’s China business, left after links to start-ups surfaced
OpenAI and Microsoft loosen ties in revised AI deal
Companies redraw $135bn alliance as ChatGPT maker seeks greater independence to increase revenues
Goldman stops bankers using Anthropic’s Claude in Hong Kong
Employees were unable to access company’s AI models as of a few weeks ago
Oil price climbs above $110 for first time in three weeks
Brent crude rises after White House reiterates ‘red lines’ in negotiations with Tehran
Google staff urge chief executive to block US military AI use
Over 560 employees sign open letter to Sundar Pichai following the Pentagon’s clash with Anthropic
Meta’s Chinese stumble suggests a declining tolerance for shades of grey
Tech-related capital flows have benefited from decades of ambiguity, but AI changes the calculus
Trump administration launches Disney probe after Jimmy Kimmel’s Melania joke
Federal regulator escalates administration’s attack on Hollywood studio
OpenAI expands Amazon deal after Microsoft loosens exclusivity terms
AWS customers will have direct access to AI lab’s most advanced models
EU’s top trade official leaves after clashing over Trump deal
Sabine Weyand refused to endorse US tariff agreement as WTO-compliant
Ex-FBI head Comey charged with threatening Trump’s life
Indictment says a photograph of shells on a beach was deemed to be ‘intent to do harm’
Senior Republican clears path for Kevin Warsh’s confirmation as Fed chair
Thom Tillis had vowed to block nomination until the justice department dropped a criminal probe into Jay Powell
Alleged shooter charged with attempted assassination of Trump
Cole Allen appears in court as White House blames critics for demonising the president
Trump and the recurring assassin
Saturday evening’s shooting was the third assassination attempt on the US president in less than two years
Michael Jackson biopic is hit with audiences despite critical backlash
‘Michael’ earns $217mn on opening weekend in boon for Lionsgate, Universal and the late singer’s estate
Private equity backers raise new conflict concerns over sweetheart deals
Investors question if some institutions rubber-stamp deals that could benefit other businesses
Google banks on AI edge to catch up to cloud rivals Amazon and Microsoft
Thomas Kurian, Google Cloud’s CEO, says its AI chips and models can help the data centre business gain ground
Milken family office alumni raise $4bn to target private capital upheaval
Silver Rock Capital Partners draws in biggest credit fund to date
The long history of violent incidents involving Donald Trump
Gunshots fired at White House Correspondents’ Dinner were just the latest in a series of threats
Companies with Mythos access urge joint defence of infrastructure
Cyber security chiefs warn rollout of new tool will need close co-ordination between governments and businesses
Canada launches C$25bn sovereign wealth fund to boost growth
Mark Carney announces initiative amid trade tensions with the US
How ‘conflict entrepreneurs’ are inflaming US political violence
Americans are increasingly accepting of ideologically motivated crimes
Why the UAE asked Pakistan for its $3.5bn back
Tensions between Abu Dhabi and Islamabad have burst into the open
Britain acts richer than it is
The country’s habits and virtues are built for a prosperity it no longer enjoys
Starbucks, Nashville and the new corporate geography
Big US companies are realising they can unbundle their headquarters
Good news for business travellers
The seats in economy that so many of us use are finally getting an upgrade
America’s special relationship is ‘probably Israel’, says UK ambassador to US
In leaked remarks, Christian Turner also says it is ‘extraordinary’ that Epstein scandal has not affected sex offender’s US associates
No edge, no hedge: why markets are stuck
Neither extreme optimism nor extreme pessimism makes much sense, and neither is easy nor safe to express
Google outpaces rivals as Big Tech’s AI spending plans rise to $725bn
Meta stock drops on capex increase while Alphabet’s cloud business grows faster than rivals Amazon and Microsoft
The mystery of good judgment
It does more to shape a life than intellect and hard work
Google and Meta boost AI spending forecasts
Facebook owner’s stock drops 7% while Alphabet, Microsoft and Amazon report strong cloud computing growth
China poised to restart exporting jet fuel, diesel and gasoline
Beijing signals relaxation of export ban imposed at start of Iran conflict
Texas governor threatened to pull World Cup grants in battle over ICE enforcement
Democratic cities hosting Fifa matches in the state reverse policing rules in order to receive public security funds
Starmer promises imminent laws to ban IRGC
Previous UK governments argued Terrorism Act was for banning non-state terrorist organisations only
Israel rushed laser system to UAE to fend off Iran’s missiles
Deployment of equipment is one of the first examples of major defence co-operation between the two states
Iran’s supreme leader vows to prevent ‘enemy’s abuses’ of Hormuz strait
Mojtaba Khamenei says Iranians will defend their nuclear capabilities as a ‘national asset’
US prosecutors drop criminal probe into Fed chair Powell
Breakthrough removes potential hurdle to Kevin Warsh’s confirmation as next head of the central bank
BA forced to downgrade thousands more loyalty scheme members after ‘error’
Some passengers were wrongly told they would keep their Gold or Silver tier status in shake-up of its loyalty programme
Google to invest up to $40bn in Anthropic
Search giant increases its financial support to help the AI lab add computing power to run its models
US health secretary’s son launches investment fund tied to health movement
Child of Robert F Kennedy Jr seeks $100mn in capital raise while touting links to ‘policy initiatives in government’
Starwood real estate fund halts redemptions as bet on lower interest rates bites
Move comes after fund restricted investors’ liquidity rights two years ago
Investors push for higher yield on $14bn of Oracle-backed data centre debt
Huge bond offering comes amid concerns over Oracle’s debt load and the recent flood of AI-related issuance
Musk claims Altman ‘stole a charity’ in OpenAI trial testimony
Billionaire said it is ‘dangerous’ to have someone who is ‘not trustworthy in charge of AI’
The golden age of arbitrage has begun
The law of one price is in retreat — with major consequences for profits, inflation and innovation
US stocks race ahead of Europe as Wall Street shrugs off energy shock
Intel surges above dotcom-era high in latest milestone for tech-powered rebound
Trump launches review of US troops in Germany
Threat comes days after German Chancellor Friedrich Merz criticised US strategy in Iran
Coffee, fuel and houses: why Trump has an inflation problem
The US president’s war in Iran has worsened America’s affordability crisis
Where is Marco Rubio?
Donald Trump’s secretary of state and national security adviser has taken a back seat during the Iran war crisis
The great commodities disruption
Trump’s attack on Iran has served as a reminder of how interconnected the global economy remains
Iran’s hardliners clash over talks with US
As the regime’s leaders project unity, lawmakers are divided on negotiations about Tehran’s nuclear programme
Can’t cook, won’t cook? Start by feeding yourself
A cure for kitchen nerves, plus a recipe for anchovy pasta
The narrow path to a US-Iran deal
An uneasy ceasefire cannot be the long-term solution in the Gulf
What the AI ‘jobpocalypse’ narrative misses
Whether or not new technologies can perform a task is only a tiny part of the picture
Judge sanctions woman who sued Leon Black in Epstein-linked case
Unnamed plaintiff and her former lawyer at Wigdor censured but can continue assault case against billionaire former Apollo chief
Defence stocks give back gains as investors buy rumour but sell war
Production bottlenecks and uncertainty over US munitions funding weigh on stock prices for weapons makers
Trump’s Iran war has cost $25bn, Pentagon says
Use of costly missiles and air defence interceptors raises alarm about US readiness for other conflicts
King Charles defends transatlantic relationship in speech to Congress
UK monarch’s visit to Washington comes at a fraught moment between the nations amid US-Israeli war against Iran
Abu Dhabi state energy group to invest ‘tens of billions’ in US push
Adnoc accelerates effort to diversify into US natural gas as Iran war rattles Middle Eastern energy industry
America’s bid for energy supremacy is being forged in war
The US stands to benefit as war in Iran reshapes oil and gas flows, but Europe and Asia are wary of becoming too reliant on American supply
US motorists skimp at the pump as Iran war keeps petrol prices high
The soaring cost of driving presents a political problem for Trump ahead of midterm elections in November
Iran war hits pistachio supplies amid Dubai chocolate boom
Prices for the nuts have surged after disruption to export routes from Iran, a major producer of the nut
Get used to the long Iran war
Tehran has a strong incentive to keep the conflict going
Trump cancels trip by US negotiators for Iran peace talks
President said he was no longer sending Steve Witkoff and Jared Kushner to Pakistan
US Republicans break ranks to challenge Trump administration on Iran war
Some from president’s own party have begun to demand accountability in the unpopular conflict
World’s biggest battery maker CATL to raise $5bn
Chinese group rides surge in foreign investor interest in renewable energy stocks since outbreak of war in Iran
Emerging market stocks hit record high as Asian chipmakers surge
Rally for TSMC, Samsung and SK Hynix powers EM stock index’s rebound from Iran war losses