Bessent to meet He Lifeng in New York ahead of Trump-Xi summit
US Treasury secretary and Chinese vice-premier to hold talks as one-year expiry in trade war truce nears
Latest (page 7)
Trump says Kennedy Center renovation depends on whether his name is on it
President’s vow comes after a federal judge rejects effort to rename building
OpenAI weighs funding round at $1.2tn valuation before IPO
Sam Altman’s start-up could capitalise on demand for its technology after new model launches
US House panel votes to hold Leon Black in contempt over Epstein subpoena
Committee unanimously passes resolution, advancing the measure to the full chamber
Landmark US crypto bill fails as Senate splits over Trump ethics concerns
Defeat is a massive setback to an industry that has spent record sums lobbying for a favourable market structure
3M, DuPont and more to face lawsuit on Pfas in US firefighters’ protective gear
Connecticut plaintiffs say ‘forever chemicals’ in turnout gear increase risk of cancer by absorption and inhalation A federal judge on Tuesday said more than 20 defendants including 3M, DuPont and Honeywell must face claims by Connecticut…
Jensen Huang says battle over AI innovation and safety is ‘false choice’
Nvidia chief has distanced himself from OpenAI, Anthropic and SpaceX’s efforts to slow research
Bernie Sanders says Congress has been ‘asleep at the wheel’ over AI – video
Bernie Sanders criticised the advancement of artificial intelligence at the Pro-Human Assembly in Washington on Tuesday, warning that the current type of AI was 'the least capable version of AI that we will ever have'. The independent senator from…
Carney says Canada will pursue ‘unique security and economic alliance’ with EU amid US trade spat
Prime minister speaks of strengthening Canada’s economic and political ties to Europe at Canada Investment Summit Mark Carney said Canada will pursue a “unique security and economic alliance” with Europe as he positions his country as a base to…
World’s top 20 private equity firms produce more greenhouse gases a year than most countries, report finds
Firms manage $7.3tn in assets and could afford to transition away from fossil fuels yet invest in natural gas and coal-fired plants to power datacenters The energy portfolios of 20 private equity firms produce 1.5bn tons of greenhouse gases a year…
Scott Bessent’s wobbly house
Politics seems to be messing with the US Treasury secretary’s head
Channel 4 poaches Paramount’s £300m-plus TV ad sales business from Sky
Exclusive: Move is a big boost for Channel 4, days after it announced it is to cut 340 jobs Channel 4 has poached the Channel 5 owner Paramount’s £300m-plus TV advertising sales business from Sky, in a huge boost days after the broadcaster…
Russian warship fires flares at Danish helicopter over Baltic Sea
Denmark says one of the flares passed the aircraft at close range, branding the action as ‘reckless’
The ex-JPMorgan banker facing Wall Street’s toughest turnaround job
Takis Georgakopoulos became chief executive of Fiserv just as it confronted big cultural and structural challenges
Pensioners are ‘big winners’ with triple-lock set to rise by 3.9%, lifting state pension to £13,000 – business live
Wage growth – used to set triple-lock pension – slows to 3.9%, meaning state pension should hit £13,000 next year ‘Costing billions’: is the pensions triple lock a lifeline or simply unaffordable? If the state pension rises to £13,000 next year, it…
Parents seek out school uniform deals, cutting average spend to £54.53
Overall grocery inflation jumps to 2.3%, as Ocado and Lidl gain market share Business live – latest updates Parents and carers spent 12.5% less on school uniform in the run-up to the start of this academic year, turning to promotions and…
What is the triple lock and how much is the state pension worth?
The triple lock guarantees that the state pension is not overtaken by inflation or wage increases.
Ten-year Treasury yield hits highest since 2007
Benchmark 10-year hits 5.03% as investors continue to sell government debt in expectations of Fed rate increase
Charities praise will gifts despite cost of living
Jersey charities say leaving donations in wills can be "transformational", regardless of how much.
China’s economy shows signs of weakness as investment slumps
Deteriorating domestic indicators add pressure on policymakers to increase stimulus spending
Putin moves summit over Ukrainian drone threat
Russian president has avoided Black Sea coast for nearly a year
US manufacturers hit by fresh burst of supply chain cost inflation
Donald Trump’s war in Iran and tariffs push up input prices while AI boom squeezes availability of some components
AI is exciting audit firms — maybe too much
The technology being adopted rapidly by firms such as KPMG and EY still needs humans in the loop
Iran’s allies squeeze Saudi Arabia
Two-pronged assault by Houthi rebels and Iraqi militants has spawned what may be biggest test for Prince Mohammed since backlash against Jamal Khashoggi’s murder