Proposal offering major concessions to Moscow blindsided European diplomats

Ofgem nudges up price cap after Labour election pledge to bring down household bills

António Guterres notes talks could fail as a result of negotiating tactics

Proposed deal would limit size of Ukrainian forces and calls on Kyiv to withdraw troops from eastern Donetsk

Slowdown in private sector activity adds to signs of fragility in economy before Reeves’ tax rises next week

European and Asian markets fall after Nasdaq and S&P 500 sink on Thursday amid concerns over AI valuations

Plus, the (late) jobs report

Link is latest revelation in a years-long probe into Smart and TGR, which move money for criminals and sanctioned individuals

The reputation of one of America’s leading economists is in tatters since the emergence of emails to Jeffrey Epstein

The UK’s experiment in eating the rich while shrinking the state has left everyone worse off

Meeting marks the first in-person meeting between the US president and New York City’s mayor-elect

Today’s eye-popping valuations are based on the assumption that LLMs are the only game in town

US officials told organisers that President’s attendance in January depended on programme

Magic Circle legal firm also shifts work to lower-cost hubs in Poland and India

Major retailers are selling tuna from fisheries where crews say they are exploited and abused

Ukrainian officials say President Volodymyr Zelenskyy is being pressed to agree to terms negotiated by the US and Russia

Households are pessimistic about their own spending and the country’s economic outlook

PM likely to green light project despite concerns about Beijing’s efforts to spy on Britain

Deal to sell events complex would mark latest exit by US private equity firm from UK leisure industry

Threat comes after lawmakers tell members of US military that they must refuse illegal orders

Trump pushes Kyiv to make major concessions on land, size of armed forces and weapons

Fawning after the US president is not only humiliating — it doesn’t work

Report criticises culture in Downing Street during Boris Johnson’s tenure

European Commission cuts cost by two-thirds to €2bn but figure is still far above the €75mn Britain has offered