Trump’s pick will take the reins of the world’s top central bank during one of the most consequential periods in its history

President’s decision on successor to Jay Powell comes at pivotal moment for world’s most important central bank

President has announced Kevin Warsh as his pick to chair US central bank

Finance, banking and professional services seek to grow footprint in mainland market despite past challenges

Matthew Pennycook says far-reaching reform is needed to ‘get more volume out of the system’ and deliver more homes

The government says it is ‘aware’ of the issue facing tenants and working on a solution

Platinum and copper also fall as Trump picks Warsh as next Fed chair

Bloc’s performance in the face of geopolitical and trade tensions has surprised policymakers

Delayed western payments keep country’s air defences ‘simply empty’, allowing Russia to knock out power, says president

Drugmaker expands push into fast-growing market

Some businesses have adopted it as policy while many employees are embracing a more casual attitude to working on Fridays

Leading labels have signed deals with tech companies in the hope of creating new revenue streams and reducing the amount of slop. But artists are worried

Tussles over what to put on euro banknotes are symbolic of deeper dysfunction

Relations between Chinese Communist leaders and the army have always been fraught

Stocks, bonds and currencies have all soared as dollar weakness puts focus on fundamentals

Correlation with equity benchmarks hits highest in at least five years, raising concerns over performance during downturns

Ruling comes after Donald Trump’s vow to ‘take back control’ of shipping lane and reassert US influence in region

UK prime minister travels to Shanghai seeking to drum up deals after meeting Xi Jinping

PM holds three hours of ‘warm and constructive’ talks with Xi Jinping in bid to revitalise London-Beijing relationship

US president says he will announce nominee to replace Jay Powell on Friday morning

Democrats and Republicans have two more weeks to agree measures to end heavy-handed tactics by federal agents

Lender ‘maniacally focused’ on rebuilding investment bank in one of its home markets

Changes to student loans have, in effect, privatised undergraduate teaching in England

Strong holiday season and boost from China drive 23% increase in smartphone revenue