US president’s threat of 25% levy against New Delhi stands as deadline nears

UK energy major’s chief describes conditions as ‘challenging on all fronts’

Attack comes days after Donald Trump demanded Vladimir Putin agree to a ceasefire in Ukraine or face tighter sanctions

Abbas Araghchi tells FT ‘road to negotiation is narrow’ as he lays out conditions for renewed diplomacy after war

Washington claims measures will cut off source of revenue illegally sent to the Islamic regime in Tehran

Canada and Mexico lead diplomatic offensive in Washington as August 1 deadline looms

America knew the EU was weak. The rest of the world knows it now

London’s luxury property market has bigger problems than the ‘exodus’ of wealthy non-doms

United Group country CEOs join other managers in protesting against ousting of founder

The quest for superintelligence is spurring a data centre boom — but critics question the cost, environmental impact and whether it is all needed

The president said the trade deal would include hundreds of billions of dollars in US investment

Zuckerberg has built and customers have come, but there’s no guarantee that what worked for Meta last year will work again

Analysts lower compensation estimates ahead of ruling on Friday

Two members of the US central bank’s voting committee dissent from decision not to lower borrowing costs

Stock rises 11% after-hours as profits and revenues beat Wall Street expectations

US tech giant’s valuation set to pass $4tn as investors embrace plans spend $120bn on artificial intelligence next year

Washington follows through with plans to impose 50% levies on some products

Move by Washington takes levies on country to 50% for alleged unfair trade practices and trial of former president

Announcement is the latest sign of growing ties between banking and digital asset sectors

‘Technical issue’ at Nats results in more than 150 flights being cancelled across multiple British airports

US president lashes out at New Delhi’s trade policies and economic ties with Russia but signals deal is possible

Treasury secretary Scott Bessent previously criticised issuance of short-term bills as means of keeping long-term interest rates stable

Increase driven by international migration brings total number of people in the two countries to 61.8mn

Were the president to replace Jay Powell as chair, his choice would have significant power to enforce the administration’s agenda