Klaus Schwab denies whistleblower claims and says he is the victim of ‘character assassination’

The HyNet North West industrial cluster will be confirmed at a two-day energy security summit in London

President’s latest retreat follows intense lobbying by industry executives

Bank of England governor signals that central bank is likely to cut UK interest rates next month in response to uncertainty

US president says Kyiv’s position is ‘very harmful to the peace negotiations with Russia’

Treasury secretary denies reports Washington will make unilateral cuts to tariffs

Sharp sales decline at luxury group’s biggest brand underlines the huge challenge faced by Gucci’s new creative director

Chancellor says a deal ‘can be done’ with Washington but insists Britain will not lower food or auto standards

Review part of package of measures aimed at guarding against Chinese products being diverted to Britain

The US lender told the FT it was shutting its Spanish Costa del Sol office as part of a strategy to ‘simplify the firm’

US Treasury secretary calls for reform but stops short of pulling out of the global institutions

Reputational damage to the Fed and US assets will not be easily reversed

Investment bank awarded $80mn retention bonuses to David Solomon and John Waldron in January

Secretive US firm continued to make inroads into business once dominated by Wall Street heavyweights

Bezalel Smotrich says government has ‘no right to exist’ if it does not occupy Palestinian enclave and expel population

Billionaire founder of Virgin Group speaks out against potential damage of US economic policies

State-owned GB Energy will be restricted from importing equipment that may have been made with forced labour

Wall Street stages relief rally after president says he has no plans to fire Jay Powell

Western leaders who are said to be on special terms with the US president have nothing to show for it

Working remotely from the French capital can be a delight — but it does have its snags. Here’s everything you need to know to set up shop successfully

Optimism falls to lowest level since November 2022, pushing economy to brink of stagnation

Given the electric-car maker’s cash pile, the billionaire can continue to chart his own course, for now

Overshoot of £15bn puts pressure on Rachel Reeves to raise taxes as PMI figures indicate falling private sector confidence

Christopher Willcox tasked with rebuilding wholesale business in wake of $2.9bn Archegos debacle

Sweeping funding cuts threaten to undermine the innovation that has been a central part of US economic strength for decades

A component levy on foreign-made semiconductors would function as a major tax increase on electronics sold in America

More than £450mn used for obtaining permission for road tunnel scheme

Trade body to recommend compulsory water meters in forthcoming government review

Global stocks and dollar rise after US president eases pressure on Fed chair

Board of Deputies of British Jews suspends vice-chair and investigates signatories to criticism of Netanyahu policy

Court in Abidjan rules former Credit Suisse CEO should be struck off electoral register, his lawyer says

Third-party vendors are betting that White House will back down on steep China levies

Kevin Systrom backs US Federal Trade Commission’s case in monopoly trial

Electric-car maker’s sales knocked by political ‘blowback’

Aston Martin and other marques that depend on American market may require aid such as furlough schemes, auto chief says

Scott Bessent tells investors he expects the two countries to reach a deal that would end restrictions on flow of goods

US floats recognition of Russian annexation of Crimea as peace plan efforts continue

UK prime minister no longer believes ‘trans women are women’, Downing Street says

The IMF is trying to make sense of the unknowable

US activist discloses 5% stake and warns pivot back to oil and gas does not go far enough