Trump’s pick to succeed Jay Powell reports $10mn in consulting fees from Stanley Druckenmiller’s family office

Poorer countries are finding themselves at sharp end of fuel shortages

Meg O’Neill plans to return BP to structure before its complicated 2020 reorganisation

I would like to know the benefits and drawbacks of a financial dispute resolution

The cost of polluting in Europe and the UK has fallen since the start of 2026

The country has become beholden to former premier’s oligarchs and Russian interests, experts warn

Acquisitions fuel pharma group’s evolution as it prepares to lose patent protection on cancer drug Keytruda

First-quarter results come amid growing concerns around the links between traditional lenders and the private credit boom

Stegra has been striving to avoid same fate as bankrupt Northvolt

A rise in the equity market’s fear gauge is usually a signal of a rally to come

QQQ quake

AI is like the atomic bomb — once you invent the means to build one, you live in a different world

Automating technical skills will transform the value of those who can build relationships and hold projects together

The regime has cut off online access since the US and Israel attacked in February

US tariffs and Iran war cited among motivations for the rich to spread risk

Traders struggle to keep operating as Moscow raises VAT to 22% and slashes exemptions for SMEs

The legendary stylist on building an empire – and eliminating frizz

Chief executive Sam Altman refocuses company as rival Anthropic tests its early lead

Trade-dependent nation vulnerable to sharp increases in oil and gas prices

Pezeshkian says discussions can only happen within the framework of ‘international law’

Expansion of global economy would fall to 2.5% in an ‘adverse scenario’ of persistent $100-per-barrel oil

Also in today’s newsletter, US oil supply fears intensify as final prewar tankers leave the Gulf

Demand drops 3.4% in March due to soaring prices, supply shortages and collapse of Middle East air travel

Culture secretary’s decision not to refer bid to watchdogs means end of three-year sales process is in sight

Shake-up spurred on by rise of AI and threat of major upheaval across the industry

After a series of setbacks, the vice-president is no longer Trump’s obvious successor

A wine writer’s guide to where to go on a date, impress your in-laws, try a novelty bottle or meet a stranger

Regulator urges governments to fast-track long-delayed idea to help break down merger barriers

Changing the medium of instruction in schools would boost competitiveness, according to hotel group chief Hui Kuok

Index choice matters, and so do valuations

Vice-president returns to Washington empty-handed after twin failures on Iran talks and in Hungary

What was unusual was not just the value of the goods — it was the fact that the boy was caught

Analysts expect profits to be boosted by weak dollar and Trump administration’s tax and spending plans

The chain has turned its tennis centres into places for middle-class families to get fit and hang out

Micro scooter founder pushes for court case over emissions regime he says disadvantages his Microlino two-seaters

CEOs warn US president’s push to build $12bn stockpile threatens distortions and ‘massive overhang’

Inflated private ratings could mask credit risks and leave insurance companies undercapitalised

Rising fuel prices spur surge in imports

Tripling of restrictions in past five years underlines Beijing’s sway over crucial supply chains

Move comes as National Energy System Operator grapples with impact of more renewable sources

Fund says British economy faces heavy blow from global energy crisis this year

Deal will bolster tech group’s efforts to challenge Elon Musk’s Starlink with its own low Earth orbit satellite business

UK carmaker tests limits of the market with its personalised vehicles for the super-rich

Twenty-six years ago a Lebanese militant leader stood in Bint Jbeil to hail a landmark Israeli retreat. Now the IDF is set to take the town

oh dang

Washington’s demand that Tehran halt uranium enrichment has been a barrier to progress on talks

Chinese president says Spain and China are ‘morally upright’ nations that should strengthen their co-operation

George Robertson’s focus is on defence but highlights failings elsewhere in Keir Starmer’s government

Energy shock unleashed by the conflict has left traders and refineries competing for available cargoes

Also in this newsletter: UN trade agency chief says Brussels protectionism hurts developing world

Goldman Sachs’ warning that its deal pipeline has shrunk is a red flag for M&A prospects

Ethical objections and uneven adoption have made the tech group’s contract a divisive issue within English health service

Christopher Eppinger is ‘getting goosebumps’ over opportunities from South American nation’s oil boom

Chief executive Sam Altman refocuses AI company as Anthropic tests its early lead

Impelled by furious competition, hefty subsidies and sheer scale, the country’s companies are cutting a swath through the world’s most advanced industries

Alan Milburn is leading a government inquiry into youth unemployment and inactivity

Mary Janes, smoking slippers and fisherman sandals are smarter alternatives to sneakers

Chief executive Corneel Koster also says UK airline will struggle to turn a profit in 2026

Also in this newsletter, workers protest for better wages

One of the world’s best-known wristwatches toasts a landmark year