Biotech says it opted for revised offer from US pharma company after rival Novo bid raised antitrust concerns

Asset manager’s move to close Impact Opportunities strategy comes amid broader pullback from ESG

Defence secretary announces measures to increase competition for Pentagon contracts

Move would reduce tax benefits from salary sacrifice pension schemes as chancellor aims to fill fiscal hole

Property and other assets are being used as collateral in fast private loans for those who have little cash on hand

Partners called vote to oust chief after controversial incidents rocked Silicon Valley venture capital firm

The history of politicians who go back on their words has lessons for Rachel Reeves as she mulls raising taxes

Increase would be balanced out by national insurance cut, officials say, as Rachel Reeves prepares for Budget

Overnight negotiations between holdout creditors and the car parts company yield a breakthrough over financing terms

One thing is for sure: the opening act of the US president’s second term is over

What are Rachel Reeves’ options?

A lack of political will has turned the problem of too many out of work into a system that fails everyone

More than 800 journeys axed after government shutdown exacerbates air traffic controllers’ workload

Nasdaq falls 3% over the five-day period as investors worry about sky-high valuations

The numerate and money-confident students of today will bring benefits to the UK economy tomorrow

The 94-year-old doyenne of British abstract art on influences from Seurat to Mondrian, her wartime childhood in Cornwall — and ‘the healing power of looking’

Senior City figures have been reassured that accountancy and law firms will not pay full national insurance rate

FTSE 100 property listings group warns profit growth will slow next year

‘Hello, I need the biggest business transformation project you have. No, that’s too big . . .’

Benjamin Netanyahu urged to allow about 150 militants to give up weapons in exchange for free passage

Commission proposes pauses to provisions in digital rule book

Unexpected decline comes even as President Donald Trump and Chinese leader Xi Jinping seal a truce

The country’s annual statistical compendium is now available, but only in hardback

New research shows how incentives in the modern media ecosystem help explain rising division and negativity