Oil tops $120 as Trump signals extended Hormuz stand-off
Brent crude rises for eighth-straight day as US president says he will keep naval blockade in place
Big Tech’s AI bet faces test in first-quarter earnings
Investors to scrutinise AI spending plans from companies that represent almost one-fifth of the S&P 500’s market cap
Italy seeks compensation from Switzerland over nightclub tragedy
‘Gesture’ by Giorgia Meloni’s government escalates feud between neighbours over deadly fire in Swiss ski resort
Volkswagen rolls out cheaper EVs in battle with Chinese carmakers
ID.Polo is one of four planned affordable electric vehicles across the VW, Škoda and Cupra brands
Trump’s Iran war has cost $25bn, Pentagon official says
Use of costly missiles and air defence interceptors raises alarm about US readiness for other conflicts
Farage accused of breaking Commons rules by not disclosing £5mn gift from crypto billionaire
Reform UK leader says money from Christopher Harborne was meant to make him ‘safe and secure’
Burnham backs borrowing outside fiscal rules to boost defence spending
Greater Manchester mayor warns Labour needs to take a ‘different course’
Federal Reserve holds rates as three hawks oppose “easing bias”
Dissents suggest deepening divide on FOMC
EU in talks with Hungary’s Magyar on workaround for frozen funds
Brussels seeks ways of extending part of €10bn beyond an August deadline
UK ticket tout ban set to be delayed for a year
Only draft legislation is likely to be included in next month’s King’s Speech
Musk says he was ‘a fool’ to fund the launch of OpenAI
Billionaire says Sam Altman wanted ‘halo effect’ of a non-profit while enriching himself in second day of his testimony
Build data centres in Scotland not London, says Britain’s energy grid boss
Comments by Fintan Slye come as government seeks to increase capacity to power AI boom
Reeves defends record as chancellor as cabinet reshuffle rumours grow
Labour MPs speculate that Keir Starmer will revamp his top team after next week’s elections
Powerful Indian female leader prepares for Modi showdown
West Bengal election centres on ‘fearless’ chief minister Mamata Banerjee, analysts say, as millions culled from voter rolls
Franco-German tank maker launches probe into bribery allegations ahead of €20bn listing
Investigation focuses on a 2013 deal with Qatar’s armed forces
Met chief calls for greater condemnation of attacks on Jewish targets after stabbing
North London incident described as ‘antisemitic’ by Sir Keir Starmer is declared a terrorist incident by police
Trump and PGA Tour reunite under gold statue at Doral
Sculpture presides over Cadillac Championship’s return to president’s Miami resort after decade-long absence
The twilight of Opec
UAE’s departure leaves Saudi Arabia trying to hold together a fractious cartel
Oil surge divides Fed as Jay Powell’s term at helm draws to a close
Central bank chair says he will remain a governor ‘for a period of time’ after Kevin Warsh succeeds him
GSK’s game of catch-up might just work
Drugmaker is looking to see which of its pipeline of drugs can be pushed forward while also trying to buy time
Lessons for countries on the edge
Africa’s demographics are favourable, but leaders must prepare for future shocks
Are work perks past their expiry date?
Workers’ benefits are under threat from a tight job market and a shift to reward individual performance
University of Sussex wins High Court battle on free speech
Judge overturns £585,000 fine as it finds regulator’s decision was tainted by bias
The Devil Wears Prada 2: celebration of fashion magazines, or an elegy?
The much-hyped sequel with Meryl Streep and Anne Hathaway revisits an industry past its heyday