Officials say memo was signed ‘virtually’ and hope to finalise a full economic accord by the end of next week
US president raises hopes of breakthrough while meeting Italy’s leader Giorgia Meloni in Washington
Standstill shows how Sino-American trade war has spilled into energy sector
Beijing warns planned US port charges will drive up shipping costs and disrupt supply chains
Move comes as US government escalates attacks on country’s universities
Satellite group linked to People’s Liberation Army has supplied images to Iran-backed group in Yemen, say officials
Flurry of multimillion-dollar levies undercuts Narendra Modi’s pledge to ease burdens on business
Nvidia has become a symbol of the looming business nightmare unleashed by Donald Trump
The country offers investors an enticing value opportunity, but fiscal reform is urgently required
Donald Trump’s trade war is forcing investors to confront the possibility that the dominance of the US currency might fade — or even end
FN Herstal’s small arms are back in demand. But the Belgian gunmaker can only move as fast as its artisanal labour
Also in today’s newsletter, Harvard pushes back against the White House and Yuval Noah Harari on the Trumpian world view
Chilling effect on charitable organisations comes as need for funding rises amid Trump cuts
US secretary of state says Washington will focus on ‘other priorities’ if war cannot be ended soon
And a conversation with Brent Neiman, whose research was cited in the ‘reciprocal tariff’ calculations
John Moolenaar warns banks of ‘regulatory, financial and reputational risks’ for working on deal
Plus, US regulators’ antitrust fight with Big Tech continues and some ‘clearly unusual’ trades related to Trump family appointments
Taxing the rich is a tantalising prospect for the cash-strapped UK government — but imposing a levy that is both fair and effective is fraught with difficulty
Austrian bank has faced pressure to quit, but exit has been complicated by court process
Where on earth can you go to eat before attending a show at the Royal Albert Hall?
Tariffs on imported new cars may prop up the values of existing vehicles, such as those in rental group’s fleet
Enforcement resources directed at gangs at the top rather than consumers who flout law
Fund manager warns economic slowdown due to tariffs could hit Facebook owner’s revenues
Tariffs and threat of new duties on chips and computing infrastructure could frustrate American ambitions to lead artificial intelligence race
Chair of Arts Council England says arm’s-length funding of theatre, music and museums helps prevent politicisation
Lawyers advise wealthy clients that HMRC could use membership as evidence of strong ties to Britain
Tilt away from the US and superpower multinational tech companies
Clash threatens to jeopardise Saudi stake, as authorities try to attract more Gulf investment
In the US president’s vision of post-liberal global disorder the weak should always surrender to the strong, writes the historian, philosopher and author
No deal was forthcoming between Washington and Tokyo but the talks may give clues for other countries
Buyers and sellers at Canton trade fair search for ways to evade levies as goods pile up in warehouses
MP Materials has been sending concentrates to Chinese partner as it races to expand in US
Promising late-stage trial results lift US pharmaceutical group’s shares almost 15%
Also in this newsletter, could the ‘India Stack’ go global?
Some insiders unloaded stock before Trump’s ‘liberation day’ announcement but many more were restricted from doing so
Streaming service’s shares gain as earnings beat Wall Street’s forecasts
