Jeff Dellapina will be replaced by Asia finance chief Jay Ng

Energy groups, small-caps and materials companies have displaced AI-linked shares as the market’s best performers

New York-based Neuberger Berman will manage assets of MIO, which invests private wealth of consulting firm’s partners

Media group adds ‘ticking fee’ to give shareholders additional payment for every quarter deal does not close

Nobuhisa Iida to become president of FT’s owner while Naotoshi Okada will be corporate adviser

Trump and his supporters see the UK capital as the symbol of a Europe facing ‘civilisational erasure’

Call by former Labour leader comes as prime minister defies pressure to leave Downing Street

London-listed group says it will focus on strengthening its balance sheet

French president calls on bloc to take the necessary steps to become a true global economic power

Romantic relationships with AI models will not heal the disconnect between young men and women

Rising number of men killed or missing in action makes a military breakthrough for Moscow less likely, officials say

Senior directors leave after losses on UK utility and souring of another European investment

Restaurants have raised prices to offset rising labour and ingredient costs, leading low-income customers to visit less often

Tech billionaire’s desire to put computer infrastructure into orbit is central to $1.25tn plan to merge SpaceX with xAI

Latest incidents follow pattern of aggressive behaviour by Beijing towards neighbours

Social attitudes survey highlights widening political divide among British voters

Retail spending growth rose sharply last month in the latest sign of improved economic momentum

Private settlement sought to avoid ‘unnecessary public attention’, prosecutors’ report said

Exemptions would be based on chipmaker TSMC’s US investment commitments, officials say

Democrats and Republicans say commerce secretary has not been honest about his ties with the late sex offender

Peter Mandelson faces allegations of misconduct but the charges being investigated have a high bar for conviction

Fresh tensions emerge between embattled premier and potential leadership rival Wes Streeting

Cabinet declares support for prime minister after Scottish Labour leader’s attack. But reprieve may only be temporary

Critical operational zones are becoming more unpredictable