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Ukraine’s allies fear military support for its battle against Russia is nearing a peak, with senior European officials increasingly concerned about the flow of aid next year as the US enters a divisive presidential campaign. Washington has been Ukraine’s dominant source of weaponry and US officials say sufficient preapproved funds remain to sustain Kyiv for

UK ministers have been put under pressure over planned crypto regulations by a group of crossbench MPs who are seeking a more radical overhaul of the industry. The Treasury select committee published a report on Wednesday in which members said crypto should be treated like gambling, given it had “no intrinsic value, huge price volatility

Emerging market debt has hit a record high of over $100tn, a third higher than pre-pandemic levels, as concerns mount about financial leverage in a world of higher interest rates. Global debt rose by $8.3tn in the first three months of the year to $306.3tn, the highest level since the first quarter of last year and

“If the cost of EV manufacturing in the UK becomes uncompetitive and unsustainable, operations will close,” carmaker Stellantis told a parliamentary inquiry on the future supply of batteries for electric vehicles in the UK. The first challenge — and the one that will get the most attention — is that requirements under the Brexit agreement

I still think about the dilemma I faced as a parent over whether to give my kids smartphones, even though a decade has passed since. When they were in junior school, my daughters craved these magical devices. They claimed they would become social outcasts without phones because “everyone else has them”. Even other adults seemed

German carmakers are lobbying the European Commission to delay post-Brexit rules that threaten to deliver a severe blow to Britain’s troubled car industry. From next year, electric vehicles shipped between the UK and the EU will need to have 45 per cent of their parts sourced from within the two regions or face 10 per

If you want to understand how conservative Britain really is, take a look at Keir Starmer’s speeches. The Labour leader has recognised both the electoral limits of leftwing politics and a deeper truth about the people he hopes to govern. Starmer is learning what all successful Labour leaders have grasped: you can pursue a reformist

Andrew Bailey has acknowledged for the first time the Bank of England is dealing with a UK wage price spiral as he pledged to raise interest rates as far “as necessary” to get inflation back to the bank’s 2 per cent target. Speaking to the British Chambers of Commerce annual conference in London, the BoE

Here is a counterfactual: if Gina Raimondo were US vice-president, rather than commerce secretary, would Democrats be so accepting of Joe Biden’s decision to run again? My guess is almost certainly not. Since it is Kamala Harris, not the highly regarded Raimondo, who is next in line, almost no Democrat is pressing for Biden to

Global temperatures are likely exceed 1.5C above pre-industrial levels for the first time in human history within the next five years, the World Meteorological Organization has said in its latest annual assessment. In a stark conclusion, scientists said for the first time there was a 66 per cent chance that the annual mean global surface

The values of prime London offices are “close to the bottom” after a brutal year for commercial property investors, according to the head of one of the UK’s largest landlords. British Land boss Simon Carter said the value of good-quality London offices should stabilise after sharp falls in recent months, but warned of more pain

European stocks fell on Wednesday, with the US debt ceiling deadline weighing on investors as policymakers in Washington failed to agree on a deal to increase the nation’s spending limit. Europe’s region-wide Stoxx 600 fell 0.7 per cent and France’s CAC 40 shed 0.6 per cent In the first hour of trade. The moves come

Valerie Caro is perhaps unusual in that she considers herself fortunate to have been diagnosed with cancer. The real estate broker from Flagstaff, Arizona, spent $950 last year on an experimental blood test called Galleri which detected gallbladder cancer at an early stage. Following scans to verify the diagnosis, Caro had surgery to remove a

Western nations are steeling themselves for five more years of Recep Tayyip Erdoğan as the Turkish leader heads into a presidential run-off as the resounding favourite. Officials in the US and Europe are bracing for a bumpy ride ahead with a president they view as troublesome and unpredictable, but also an essential partner as head

Share buybacks, once an American oddity, are taking over the world. Company repurchases of their own stock hit a global record last year of $1.3tn, triple the level of 10 years ago, according to research by Janus Henderson. While US companies remain the biggest buyers, the transactions have gained favour rapidly in continental Europe and

To many, Thomas Flohr is a genius who took one look at the private jet industry and thought he could do better. A self-described “asset finance guy”, he started as a first-time jet owner trying to “sweat the asset” and VistaJet was born. Nineteen years later, with hundreds of aircraft, the 63-year-old is an aviation

It’s a simple enough equation. To permanently reduce high household energy bills, cut the amount used in the first place. Yet for all its simplicity, it’s a sum that successive UK governments have struggled to solve. The UK’s record over the past 10 years in upgrading its energy inefficient housing stock — among the leakiest

Ministers must make it easier for UK businesses to hire workers from overseas as labour shortages continue to blight sectors such as hospitality and agriculture, according to the head of the British Chambers of Commerce. Shortages remain in some industries despite a record level of net migration of more than half a million people in

Brazilian oil and gas producer Petrobras has ditched a practice of selling diesel and petrol domestically in line with global market prices, in a significant shift for the state-controlled group under President Luiz Inácio Lula da Silva. It fulfils a key campaign promise by the country’s leader, who has criticised the cost of fuel and

Carmaker Stellantis has warned it may be forced to close its Ellesmere Port factory unless ministers manage to renegotiate a key part of the UK’s Brexit deal with the EU. Electric vans made at the Cheshire site by the Vauxhall owner will face tariffs of 10 per cent when exported to mainland Europe from next

The EU and the UK have agreed to collaborate on curbing irregular migration across the English Channel in a further sign of warming relations after years of post-Brexit tension. Brussels and London will negotiate a deal to exchange intelligence, expertise and personnel to combat smugglers after six months of deadlock over the plan. UK prime