Former Labour leader’s ally says he was not consulted ahead of announcement

Performances cut by a fifth despite government cash injection following Baillie Gifford’s exit

On the anniversary of the UK election, the prime minister and his Labour party are searching for direction

Companies raise just £160mn in first half amid growing fears over waning attractiveness of UK markets

Introduction of military service would make it harder for companies to recruit workers

The US president marks July 4 with a string of achievements in his first months in office

The end of the non-dom tax regime has been badly handled and risks economic damage

Government drive to cut waste and protect health being undermined by near-identical new products, experts warn

Peering inside one of the tech world’s strangest companies

Head of the world’s biggest transformer maker calls for rules to alert utilities to the wild fluctuations in data centre demand

Figures show record $24.2bn raised from the levies in May but highlight potential for distortion to global trade flows

Ukrainian president also expected to raise subject of future arms sales during planned talks on Friday

ICE set to receive more funds than the FBI, bureau of prisons and others combined, according to non-profit

The least expensive policy by far is to give the country enough now to win the war

The 218-to-214 vote marks final approval of package of tax and spending cuts

Market fears that replacing chancellor would imperil fiscal rules

Long-awaited blueprint shifts care to communities and aims to digitise the organisation

Fire evacuations in Greece and Turkey while temperatures in Spain and Portugal hit 46C

Delivery platform caused outrage with offer to incentivise outdoor work during heatwave

The increasing ubiquity of AI makes it harder to authenticate who someone is in the digital realm

Ryanair calls for European Commission to intervene to prevent future disruption

The government has a plan to exploit its abundant fossil fuel resources to help ward off the ill effects of Trump’s tariffs

Bets on GE Aerospace, Microsoft and Visa help activist fund to first-half profits

Figure leads investors to scale back bets on interest rate cuts and helps push Wall Street stocks to record high

Big asset managers added to holdings in bet that sell-off sparked by doubts over Rachel Reeves’ future would be shortlived

European Commission to propose mechanism to issue common bonds to fund member states in emergencies

Ministers row back on reforms of Companies House requirements in drive to cut red tape for smaller entities

Technology can make a boring job even more boring and an interesting job even more interesting

Move partially reverses sell-off prompted by investor fears chancellor would be sacked after emotional PMQs appearance

The heads of Airbus and BNP Paribas join intense lobbying effort against new regulations

Policymakers at central bank fret that a surging currency increases the risk of inflation undershooting

Private capital group’s European insurance unit in talks for a 100% stake in retirement savings group

Dispute erupts over ‘artificial’ targets as PM prepares to set out government’s 10-year plan for health service

Easier scenario and changes to requirements allowed Wall Street bank to ratchet up shareholder payout

Stargate joint venture with SoftBank seeks more computing power to run powerful AI models

Truce with Rwanda is a test case for Donald Trump’s transactional diplomacy

Legislation will raise costs for companies that extract lithium, nickel, cobalt and magnesium

If the double act is no longer working, the core problem may not be Reeves

President says Vietnamese exports to US will be subject to 20% levy

Drug group chief Pascal Soriot frustrated with UK but shareholders worry about country losing FTSE’s largest company