A new IMF report exaggerates the gloomy economic backdrop, but there are valid reasons for policymakers to be glum

Bank of England should not lower interest rates before price pressure shows signs of easing, says chief economist

Fund upgrades outlook for global growth but warns latest trade tensions between Washington and Beijing are a concern

FSB launches fresh criminal case against former Yukos oil magnate and 22 other dissidents in exile

Attack on Gazans inspecting homes comes days after fragile ceasefire goes into effect

Trump’s latest piece of brinkmanship is likely to result in another climbdown

Measures extend trade war between Washington and Beijing to third countries

The race among dockless e-bike companies to expand in the city is causing disruption

Metal has staged a bigger rally than gold this year

US Treasury secretary tells FT that Beijing’s export controls are ‘a sign of how weak their economy is’

Israeli premier wagers Trump can help rewrite narrative around worst security failure in nation’s history

Productivity gains won’t necessarily translate into the embrace of free time — especially in America

The party can’t keep expecting successful people to pretend that leaving the EU was a good idea

Europe’s most valuable start-up has waited years for approval to begin lending in its home market

Rally in heavily shorted stocks comes as AI hype and hopes of lower rates push S&P 500 to record highs

Chancellor Friedrich Merz seeking to reignite economy and address challenges of a shrinking workforce

Legal firms are overwhelmed with enquiries from companies and individuals after Trump and Starmer harden policies

Executives predict Beijing’s tighter controls will lead to production delays and higher prices

Success of ‘The Life of a Showgirl’ unprecedented in era of declining music purchases

Failed hospital operator’s administrators seeking about £2bn damages from accounting firm in trial over missed ‘red flags’

Western sanctions will not be effective until the loophole for facilities in India, Turkey and China is closed

Israel frees more than 1,900 Palestinian prisoners as first phase of peace plan is implemented

After two years of pain for the country, tears and joy mark moment of collective release