Incident in Gulf oil chokepoint comes days before planned talks between US and Iran

Danish drugmaker reports rise in revenues but says prices under pressure as market becomes more crowded

Shares in LexisNexis owner Relx fall 15% after new tools for Claude Cowork unveiled

Pharmaceutical company’s stock price move diverges from rival Merck as both groups bolster new treatment pipelines

Arab leaders seek to avert regional war as Israeli officials push for hard line on Tehran

Peer gave sex offender Jeffrey Epstein access to UK government decision-making while serving in cabinet

Move brings an end to internal battle over who will replace longtime boss

US retail giant joins club dominated by tech groups

Peer has been the subject of revelations that he passed on confidential government information to Jeffrey Epstein

Tech billionaire and platform’s former chief Linda Yaccarino summoned for ‘voluntary interviews’ in April

Former UK business secretary used talking points in conversations with US official about financial crisis measures

America must now ask itself if it can restore a culture of shame

US digital payments company appoints former board chair Enrique Lores to replace Alex Chriss

Billionaire folds rocket maker into a lossmaking AI start-up, betting scale and control can beat rivals to blockbuster IPO

Move by one of the biggest UK lenders broadens options available to low-deposit borrowers

Common feature in electric vehicles has raised safety concerns

The London brand has drawn on British marketing traditions for its irreverent image

Meteoric rise — and thumping sell-off — has seen the volatile precious metal compared to a ‘meme stock’

But there is a disconnect between economists’ metrics and people’s perceptions

Resources at $500bn company are being redirected from long-term research towards improving the flagship chatbot

Telefónica and Liberty Global are leading a takeover of Netomnia in a deal to close gap with BT’s Openreach

Kurt Björklund is the latest addition to the growing list of wealthy financiers to have left the country

Falling levels of immigration also reduce competition among tenants

Bank’s general counsel sought sex offender’s help with career advancement and advised him on press enquiries