Iran claims ‘strict control’ of Strait of Hormuz and says it will not be fully reopened
Tehran says Donald Trump ‘raised seven claims in one hour and all seven were false’
Can Trump finally make a nuclear deal with Iran?
After going to war twice, the US president is again trying to strike a deal on the regime’s uranium enrichment programme
Why higher pay hasn’t made young adults feel richer
The aspiration gap has turned everyone into losers, especially graduates
Boom in UK ‘staycations’ as war puts holidaymakers off overseas travel
Rise in domestic tourism could provide relief for rural hospitality businesses struggling with higher costs
The return of Londonophobia
Reflections on an ancient prejudice
The coming global food crisis
Hunger and even famine are foreseeable consequences of the war on Iran. Now the world must act to shield the poorest from effects that will continue long after ...
Airbnb adds hotels to its platform in bid to boost growth
Company expands accommodation options alongside home rentals but analysts warn of stiff competition
Turkey promotes ‘Middle Corridor’ as Strait of Hormuz alternative
Officials plan to reopen frontier with Armenia to unlock a Trump-backed trade route between Europe and Asia
Lutnick tells Canada ‘they suck’ and vows to wind back trade deal with US
Fraught talks set to resume to end dispute that is costing America more than a billion dollars a month
Organised crime suspect Daniel Kinahan arrested in Dubai
Irish police are looking to extradite man alleged to be one of Europe’s top criminals
Return of Mandelson scandal leaves Labour MPs in despair
Vetting failure highlights dysfunction in Keir Starmer’s government
Four Iran-linked probes in four weeks: the puzzle facing London’s police
If the Islamic republic was behind the incidents, it might be sending a coded warning to its enemies, experts say
The Starmer-shaped hole where a prime minister should be
Mandelson scandal shows he has never successfully made the transition from an opposition mindset to a governing one
Investors look through the turmoil
The world is a mess but markets seem to be shrugging worries over the fallout of the Iran war
Allies of Olly Robbins defend handling of Mandelson vetting
Appointment as US ambassador likely to have involved scrutiny of Chinese and Russian business links
Oil slumps as US and Iran declare Strait of Hormuz open to commercial shipping
Trump suggests warring sides are closer to a permanent ceasefire
EU prepares for jet fuel sharing as supplies dwindle
Energy commissioner Dan Jørgensen says Europe moving towards supply crisis “very rapidly”
Royal disorder in the charity sector
Nobody benefits if third-sector organisations can’t keep their disputes away from the courts
What Warsh should do at the Fed
If he is finally confirmed, Trump’s nominee for chair must undertake a re-evaluation of the central bank’s structure and purpose
Lloyd’s of London to end flagship diversity event
Insurance marketplace has for years faced claims of sexual harassment and inappropriate workplace behaviour
London’s Kensington Gardens closed for search by counterterror police
Iranian-linked group claims to have used drones carrying deadly materials to attack nearby Israeli embassy
Thousands of Lebanese head home despite warnings
Thousands defy warnings and head south after deal that could bolster efforts to end US-Israeli war against Iran
The main reason I’ve bought equities again
US stock valuations only make sense if you believe in AI
Richard Desmond loses £1.3bn lawsuit over National Lottery contract
Media tycoon’s Northern & Shell argued regulator had favoured Allwyn in award process
Anthropic’s Dario Amodei: ‘I don’t want AI turned on our own people’
The tech entrepreneur on Claude Mythos, repercussions from the Pentagon dispute — and his message for the super-rich
Olly Robbins’ exit deepens turmoil at Foreign Office
Top civil servant had returned to Whitehall from spell in private sector with zeal for cost-cutting and delivery
Deutsche Bank alerts regulators to potential Russia sanctions lapses
German bank found it had accepted deposits of more than €100,000 from individuals subject to EU sanctions restrictions
Energy independence could make America more aggressive
Being a net exporter means that energy shocks no longer constrain US foreign policy in the ways they once did
Mandelson vetting scandal shows Starmer isn’t up to the job
Something has gone badly wrong in communication between Downing Street and government departments
Starmer battles calls to resign over Mandelson vetting
Conservatives refuse to accept prime minister’s move to shift blame by sacking top Foreign Office official
Wall Street banks trade derivatives to bet on pain in private credit
JPMorgan and Barclays are among those offering CDS on Apollo, Ares and Blackstone funds
Latest AI models could threaten world banking system, financial officials warn
Anthropic’s new Claude Mythos Preview model could expose vulnerabilities in lenders’ cyber defences
Why Coutts is making an unexpected play for video games
The over 300-year-old lender is touting its status as a major banker to the sector
OnlyFans nears deal to sell minority stake at more than $3bn valuation
Discussions with Architect Capital come less than a month after the UK-based platform’s owner Leonid Radvinsky died
Welcome to the age of hoarding
As global economic uncertainty mounts, stockpiling is back
Macron and Starmer to hold summit on plan to secure Strait of Hormuz
French and UK leaders are expected to brief Donald Trump after meeting on Friday
Data centre delays threaten to choke AI expansion
Almost 40% of such builds in US risk hold-ups, including projects tied to Microsoft and OpenAI
The white-collar defence lawyers with nothing to do
The Trump administration’s approach to justice has made life quieter for those who defend alleged financial criminals
US’s status as lowest-cost dollar borrower challenged as investors shun Trump risk
Concerns over erratic White House policymaking have driven investors to ‘very stable’ development bank issuers
Israel-Lebanon ceasefire takes effect
President Donald Trump says US-Iran talks could take place at weekend
Anthropic in talks to give US government access to its Mythos model
Discussions come despite federal lawsuits over whether the start-up is a national security risk
Netflix founder Reed Hastings to step down from board
Chair to depart as streamer reports profit boost from $2.8bn termination fee after Warner Bros bidding war
Senate Democrats raise alarm over Kevin Warsh’s $100mn of ‘undisclosed’ assets
Criticism of Fed chair nominee’s financial holdings will further complicate next week’s confirmation hearings
US oil bosses warn Trump to stand firm against Iran’s Hormuz toll
Executives step up lobbying to convince White House that Tehran controlling the strategic waterway sets dangerous precedent
Israel and Lebanon agree 10-day ceasefire, Trump says
Agreement could increase the chance of securing a permanent end to the war between the US and Iran
OnlyFans-style age checks are the standard, says Starmer
Prime minister says ‘things can’t go on like this’ in meeting with social media companies
UK firms ‘should be worried’ about Anthropic’s latest AI model, minister says
Kanishka Narayan says Britain needs to ‘make most of opportunities’ as government launches £500mn unit
The Mythos cyber scare signals the economics of AI scarcity
As the capabilities of frontier models advance, gaining access to the technology could become critically important
AI has an Awful Image problem
Modern-day Luddites are gaining ground because tech titans haven’t shown people how innovation will improve their lives
Peter Mandelson failed UK Foreign Office vetting
Conservatives accuse Prime Minister Sir Keir Starmer of misleading parliament
Autoglass owner Belron prepares €30bn Amsterdam IPO
Listing for world’s largest car glass repair group would boost Europe’s lagging market
Crypto and AI Pacs raise $250mn ahead of US midterm elections
Investors Marc Andreessen and Ben Horowitz gave $25mn to pro-AI Super Pac in first quarter of year
US ready to restart war if Iran doesn’t agree to deal, Hegseth warns
Defence secretary’s comments come as US also widens scope of blockade of Iranian shipping
SNP pledges ‘1970s-style’ food price cap
Pledge by Scotland’s main pro-independence party could provoke constitutional row with Westminster
Russia hits Ukraine with largest air attack this year
Missiles and drones killed and injured residents in Kyiv, Odesa, Dnipro and Zaporizhzhia
British ship financier charged by NCA over Russian sanction violations
John Ormerod accused of making money transfers after being designated for arranging oil tanker purchases for Lukoil
Appetite for PepsiCo’s cheaper snacks boosts foods group
Company is focusing on price cuts and more products with natural ingredients
The great independence charade
Scottish and Welsh election results may reignite the debate but it is all one big pantomime
What’s really shocking about the second China shock?
While the Chinese export surge continues unabated, import volumes have been anaemic
EU to relax merger rules in bid to create ‘European champions’
Draft reforms stress benefits of scale and investment in competition regulator’s assessment of proposed deals
Shares at world’s biggest chocolate maker plunge as cocoa prices collapse
Company warns of effect of falling cocoa prices, industry overcapacity and supply disruptions
Taiwan overtakes UK in stock market value on AI chip boom
Crossover comes as chipmaker TSMC reports record first-quarter profit
UK economy beat expectations to grow by 0.5% in February
Data relates to period before Middle East war triggered jump in energy prices
China’s battery champion pushes deeper into mining
CATL puts $4.4bn into new subsidiary to strengthen supply chain self-sufficiency
Nato in ‘turf war’ with EU over defence spending
At the heart of the dispute is buying US weapons with EU money
Deterrence costs and we will all have to pay
There is a need to stop wishful thinking on defence expenditure
Nissan held talks with China’s Chery on building cars in Sunderland
Legacy carmakers are battling to save jobs at European plants by partnering with newer rivals
How the Strait of Hormuz will change Iran’s regime
A system fixated on building up military deterrents has discovered its most important point of leverage over the world
Gulf states turn to private deals in $10bn wartime borrowing spree
Abu Dhabi, Qatar and Kuwait avoid public markets for fundraising as Iran conflict delivers economic hit
The pope versus the president: how Leo became Trump’s fearless foe
As he steps up his criticism of the Iran war, the pontiff’s American background has given him a role in US politics unlike any predecessor
The NHS should keep Palantir for patients’ sake
The US technology company is opposed by some employees but its software is getting results
Pensions drawdown: can the 4 Per Cent Rule survive stagflation?
Ensuring a fund lasts at least 30 years is trickier with asset values falling and prices soaring
British investor builds $500mn stake in TikTok owner
Fred Blackford bets on valuation gap between China’s ByteDance and its Silicon Valley rivals
The tax-focused hedge fund craze taking over Wall Street
New breed of products from firms such as AQR and Quantinno has soared in popularity, raising regulatory concerns
Pentagon held talks with Ford and GM about supporting weapons production
Defence secretary Pete Hegseth has pushed to overhaul US military procurement
Goldman president warns private credit funds are not marketed properly
John Waldron says vehicles lack ‘clarity that this is really not a liquid product’
Goldman traders wrongfooted as Iran war upended interest rate expectations
Wall Street bank’s rates desk was key driver behind unexpected drop in fixed-income revenue
Israel-Lebanon ceasefire expected ‘soon’, say Lebanese officials
Truce could assist with broader efforts to reach a peace deal between the US and Iran
Veteran investor Mark Mobius dies at 89
Renowned fund manager was a pioneer in emerging market investing
‘Megadeals’ defy market fears and volatile geopolitics
Boards should heed the lessons of the last record surge in big M&A in 2015
S&P 500 hits record high as markets surge back from Iran shock
Investors turn attention to strong Wall Street earnings and bet on swift end to war
Saudi Arabia’s PIF on verge of cutting support for LIV Golf
Sovereign wealth fund reconsiders backing for lossmaking golf tour as Iran war prompts investment rethink
Saudi wealth fund resets priorities after decade of heavy spending
Governor says near-$1tn PIF will focus on efficiency without retreating from global deals
US crude exports hit record as Iran war disrupts Middle East supplies
Foreign sales could push up US petrol prices and increase political pressure on Trump administration to curtail exports
UK gas prices dip below pre-Iran war level in relief for Reeves
Concerns about a full-blown supply crisis recede as Asia cuts consumption
Trading firm boss revealed as buyer of Nick Candy’s £275mn mansion
Suneil Setiya of Quadrature Capital, a Labour donor, was behind the UK’s most expensive house purchase
Rate setters face ‘double danger’ from Iran war and tariffs, Fed official warns
Chicago Federal Reserve president Austan Goolsbee says public may ‘misinterpret’ price rises as persistent
Donald Trump renews threat to fire Federal Reserve chief Jay Powell
US president insists Justice Department will not drop criminal probe into central bank chair
US banks make record buybacks on Trump’s looser rules and choppy markets
Six largest lenders spend $33bn on shares, smashing market forecasts
Allbirds is turning into an AI compute provider, because of course it is
Flipping the ‘Bird
Reeves should avoid big energy support package for households, IMF says
Top fund official says UK chancellor looks ‘very aligned’ with recommendation of targeted help in wake of Iran shock
Morgan Stanley profits jump 30% as Iran war drives trading boom
Results from two remaining big investment banks cap earnings season marked by gains from Wall Street traders
The weird resilience of the EU
A decade into the age of nationalism, the idea of quitting the club is still remarkably taboo
Trump and Putin back Hungary’s new prime minister
White House and Kremlin make positive comments about Magyar despite previously endorsing Orbán
Trump warns he could rip up trade deal with UK
Threat comes as tensions rise between Washington and London over Iran war
Banks’ soaring exposure to trading firms creating ‘inherent fragility’, warns S&P
Large investment banks have become increasingly reliant on markets financing, report says
UK Treasury refuses to loosen fiscal rules for defence
Government fights off claims of ‘complacency’ from former Nato chief George Robertson
European airports warn new border system causes up to three-hour delays
Operators in 15 countries report disruption as new EU electronic entry/exit system fully comes into force
Trump’s push to cut US interest rates akin to ‘banana republic’, says Yellen
Fed chair nominee Kevin Warsh will lack ‘credibility’ in arguing rates should fall, says former Treasury secretary
Iran faces halt to oil production within weeks if US blockade succeeds
Tehran has a maximum of 16 days of storage before it will need to curtail its output
Starmer plans May relaunch with King’s Speech
Legislative package set to form crucial part of UK prime minister’s push to regain momentum after local elections
Iran used Chinese spy satellite to target US bases
Leaked documents show IRGC secretly acquired system and used it to guide strikes during war in March
Can global resilience trump disruption?
The world’s economy has managed to withstand a great deal of chaos, but new IMF forecasts show that things could get worse
‘Bifs’ replace ‘Piigs’ as Europe’s bond market whipping boys
Britain, Italy and France have borne the brunt of a sovereign debt sell-off sparked by the Iran war
Uber commits $10bn to robotaxis in strategy shift
Ride-hailing app races to make up lost ground with equity investments and vehicle order commitments
China shock 2.0: Should Europe repel Chinese investment?
Brussels wants firms opening factories in the EU to transfer knowledge and employ local staff. Will it work?
Private healthcare in the UK: helping or harming the NHS?
Critics worry the country is heading towards a two-tier system. Dentistry is a cautionary tale
Kirkland & Ellis set to poach top Wachtell distressed debt lawyer
Top law firm offers Joshua Feltman a guaranteed pay package of $80mn over three years
US stocks close higher after Trump floats new US-Iran talks within days
US president says meetings could happen this week in Islamabad but further discussions will take place in Europe
UK’s Help to Buy housing scheme mainly benefited higher earners, says think tank
Report by IFS says policy did little to increase affordability for those on lower incomes
OpenAI releases new cyber security model to limited group of customers
Launch of GPT-5.4-Cyber follows concern about ability of Anthropic’s Mythos to find software bugs
Fix to critical UK jobs data faces further delays
ONS is privately warning that it will not iron out problems in its ‘transformed’ labour force survey before 2027
Tankers transiting Strait of Hormuz stop or turn around amid US blockade, data shows
US military says no ships pass through its operation to seal off Iranian ports in first 24 hours
How the US can blockade the Strait of Hormuz
US forces will be ready to descend from helicopters on to oil tankers
Wall Street banks break records as Iran war drives trading boom
JPMorgan Chase, Citigroup and Wells Fargo reported more than $25bn of profits for the first quarter
BlackRock profits jump as it draws in $130bn
Earnings for first quarter underline asset manager’s push into investment products that generate higher fees
Fuel price protests spread to roads across Northern Ireland
Cash-strapped Stormont executive appeals to prime minister for aid package for hard-pressed region
Trump calls Meloni a coward on Iran
US president turns against Italian premier despite her being one of his few remaining allies in Europe
Lebanon and Israel hold first direct talks in decades as fighting continues
Representatives of the two meeting in Washington to discuss conflict and its links to the Iran war
UK migrant workforce grew strongly last year despite weaker hiring
Data highlights concerns about lack of jobs growth among British-born population
Iran war is ‘a folly’, says Rachel Reeves
Chancellor ‘very frustrated and angry’ with Trump over conflict and its impact on UK economy
Latham partners pocket record $8.7mn average pay
US law firm’s revenues surpass $8bn for first time on the back of megamerger mandates
Fed chair nominee Kevin Warsh reveals assets worth over $100mn
Trump’s pick to succeed Jay Powell reports $10mn in consulting fees from Stanley Druckenmiller’s family office
IMF cuts UK’s growth forecast by more than any other G7 nation
Fund says British economy faces heavy blow from global energy crisis this year
Iran war could slow global growth to weakest since pandemic, IMF warns
Expansion of global economy would fall to 2.5% in an ‘adverse scenario’ of persistent $100-per-barrel oil
BP’s new chief executive to overhaul company into two units
Meg O’Neill plans to return oil group to structure before its complicated 2020 reorganisation
Global oil demand plummets by most since pandemic, says IEA
Demand drops 3.4% in March due to soaring prices, supply shortages and collapse of Middle East air travel
Rolls-Royce targets 100 ultra-wealthy buyers with customised electric cars
UK carmaker tests limits of the market with its personalised vehicles for the super-rich
Israel poised to seize Hizbollah’s ‘capital of liberation’
Twenty-six years ago a Lebanese militant leader stood in Bint Jbeil to hail a landmark Israeli retreat. Now the IDF is set to take the town
