The Tesla founder’s much-heralded war on government waste has had uncertain results

Xellia Pharmaceuticals to close Copenhagen plant and shift some production to China

Markets hit after shock setback to prospective leader

UK food delivery company had been struggling since going public four years ago

Small group of digital wallets bought up coins in the minutes before it was announced, FT analysis shows

Executives warn about the challenges facing businesses and the destabilising effect of prolonged uncertainty

Leaders are touring the world both to push back against US influence and also to shore up its export markets as its trade surplus rises

Companies were using automated screening earlier, but applicants’ adoption of the tools is now causing problems

Crime, divided leadership and problematic innovation could all hold back its potential

First firm to confirm remuneration as ‘magic circle’ rivals hold off in response to market uncertainty

Announcement on Thursday comes as concern mounts over impact of Trump tariffs on global economy

Elite US university in president’s crosshairs for alleged leftwing bias

Swiss bank admits it violated previous deal with the US justice department

Carmaker withdraws financial guidance and warns of potential of US’s policies to cause industry-wide disruption

Brussels due to propose legislation to enable the recognition of qualifications of British lawyers and others

Maker of Barbie dolls warns of potential price increases for US shoppers and suspends financial guidance for 2025

Decision to leave non-profit arm in control of group comes after pressure campaign by Elon Musk

Plan to be announced by European Commission aimed at forcing member states to end imports of Russian gas

Extreme weather means wildfires and flooding are becoming more likely, posing a risk to urban areas around the world

Levies on overseas movies going into the US would damage production hubs in countries including the UK, Canada and Australia

Financier assumes effective control of Howard Hughes and will shift its strategy to hunt for acquisitions

French president warns that curbing scientific research puts America’s economy and democracy at risk

The mayhem of Mar-a-Lago is less effective than the boredom of Brussels

Promise is similar to a controversial enticement to University of California to halt a flood of redemptions

Garfield AI offers businesses and individuals in England and Wales a low-cost way to pursue small debt claims

Prime Minister Benjamin Netanyahu given unanimous backing for what he says is ‘good plan’ to achieve war aims

UBS, BNP Paribas, SocGen, Barclays and Deutsche Bank reported €13bn in combined first-quarter trading revenues

UN body says over 900 Palestinians killed since October 7 2023 in occupied territory as Netanyahu deploys air strikes

In Latin America, the ‘pink tide’ is running out and offering global capital new hope

Threat of a damaging trade war sparked a lobbying campaign by the world’s most powerful business leaders

Barclays CEO’s defence of regulation contrasts with calls for reform by other senior bankers

Buyout firms’ difficulties in securing exits and distributing cash to investors are leading to mounting frustration

Industry body warns that more than $100bn is at risk if the precious stones are not exempted from duties

Businesses seek new revenue streams and brace for slowdown as lower crude weighs on government spending

US president expands trade war to film industry in pledge to prevent ‘death of Hollywood’

Asian neighbours wary of becoming staging posts for trade actually destined for US

Merz takes over as German chancellor, Vatican conclave begins and Skype waves goodbye

George Simion will face centrist Bucharest mayor Nicușor Dan in presidential run-off vote on May 18

Removal of winter fuel allowance partly blamed for party’s setbacks at polls

Dubai-based family office plans financial zone for the Indian Ocean archipelago