$500bn start-up to refocus efforts to improve ChatGPT as Google and Anthropic narrow its early lead

Fiscal watchdog faces Treasury committee after accidental publication of key report prompted chair to resign

Bigger than expected rise takes average property cost to £272,998

Move by Financial Policy Committee comes in first review in six years

Yen and equities steady one day after hawkish comments from BoJ governor

FTSE 100 non-executive fees trail inflation by almost 12% over the past decade, new research finds

Central bank rejects role in European Commission proposal that would use frozen Russian assets

The government’s muddled thinking on the economy is causing it to haemorrhage support on all sides

Public and private-sector funds concerned over market’s growing concentration in a small number of tech stocks

The gym-to-coffee shop womenswear brand from Manchester needs to stretch carefully

The biopharma industry is booming following record investment and improved supply chains

Amar Subramanya to replace John Giannandrea as iPhone maker struggles to make up ground in artificial intelligence race

Tensions with ministers predated the Budget data leak that cost Richard Hughes his job — and there was relief at his exit

Kazuo Ueda’s remarks ‘clearly signal’ possibility of tightening in December meeting, say analysts

US private capital groups to take part in Bank of England review amid concerns over systemic risks

Shares slide as group warns of loss of up to $5.5bn if digital asset prices do not rebound

Hedge fund manager wins approval from key regulatory board to build gambling complex

Office for Budget Responsibility chair Richard Hughes resigns following critical report

Lenders emphasise their safety and private credit’s riskiness. In reality, the two are intertwined

Move by oil major will pave way for data centre at former steel site

Bitcoin also sells off as rising yields push traders out of risky assets

Probe labels premature publication ‘worst failure’ in fiscal watchdog’s 15-year history

Labour warned larger families now have ‘substantial’ incentive to claim sickness benefits in order to gain fully from the change

Deal means start-up will take share in group set up by Josh Kushner’s Thrive Capital