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US banks would lose $700bn in economic crash, Fed stress tests find

Several Wall Street lenders boost investor payouts after receiving pass grades

A new series of visual explainers looking at how AI is transforming different industries

US president singles out alliance members, including the UK, after meeting secretary-general Mark Rutte

Country still needs to play catch-up if it is to become self-reliant in the use of the technology

Institute for Fiscal Studies says lifetime gains from degree will be third lower than it estimated in 2020

Private equity firm sees off bids from rivals as German carmaker looks to cut costs and debt

Request comes hours after lunch between the US president and GOP lawmakers descends into shouting match

Shares rally in after-hours trading as chipmaker forecasts sustained demand for computer memory

Also in today’s newsletter, China detains two Japanese nationals on smuggling charges, and Venezuela to reveal $240bn debt pile

Governing body sets up $140mn fund covering Summer and Winter Games to disburse grants to every participant

AI company says the Chinese ecommerce giant used fake accounts to ‘extract’ chatbot’s capabilities

Announcement of deal along with higher revenue outlook boost shares as much as 15%

Stretching credibility

Price of world’s most actively traded digital asset falls below $60,000 amid shift by retail investors to AI-related stock bets

Media group calls on audience to join its defence against attacks by chair of Federal Communications Commission

Campaign that kicked off at Roland-Garros has won support of top players including Jannik Sinner

Rapidly growing company is increasingly challenging established derivatives and betting rivals

Abbas Sajwani, son of the ‘Donald of Dubai’, set to make one of the UK’s most expensive purchases

FCA concerned over possible collusion in group that reportedly made hundreds of millions of dollars betting on oil

Trades Union Congress has previously called for an indoor limit of 30C

Bipartisan legislation is designed to boost supply and curb institutional investors’ role in property market

Rejecting bids is not a riskless strategy. But this time boards may have a point

Rightwing candidate’s opponent has pledged to contest result of presidential run-off vote