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Scottish Mortgage defends $1.25tn SpaceX valuation ahead of IPO

UK investment trust’s valuation means its holding in Elon Musk’s company is worth £3bn

Start-up’s CEO takes the stand in legal battle with billionaire

Prime minister tells colleagues he is ‘getting on with governing’ while four ministers quit and call for change

April figure marks highest level in three years as effects of conflict reverberate through world’s biggest economy

Some in City fear a more leftwing officeholder could herald greater spending and a possible relaxation of ‘ironclad’ fiscal rules

First minister’s pro-independence party considers options for governance after falling short of majority in Holyrood election

Carmakers seek tie-ups with Chinese groups and traditional rivals to secure scale and technology

FTSE 100 company has rejected previous EQT takeover offers saying they undervalued it

Fund it operates took in fraction of capital from year-ago level as worries mount over potential surge in loan defaults

What happened after the pandemic is an imperfect guide for the latest shock

Failure to oust past leaders suggests that internal rules are stacked against challengers

Carefully designed homes in Tanzania have been shown to lower disease rates among children

Thirty-year gilt yield at highest this century as cabinet ministers pressure PM to consider his position

Cove Kaz Capital has already secured up to $1.6bn in government support for project in Kazakhstan

Policy indecision comes amid discontent over high prices which have contributed to fall in president’s approval ratings

Insurance company says protests at UK offices caused employees ‘anxiety, distress and intimidation’

New contracts will allow traders and companies to bet on and hedge future price of GPU rental

At Teams of Four, part-score competition is a far more circumspect option

A 1980s-set tale of childhood trauma and female friendship explores the unsettling space between real and imagined terrors

British Medical Association will encourage people to opt out of sharing if family doctors are replaced as controller of records

PM challenges rivals to launch leadership bids and prepares for crunch meeting with health secretary Wes Streeting

Draft statement of intent seen as first step towards potential bigger ‘drone deal’

Watchmaker’s controlling shareholders use dominant voting stake to block Steven Wood’s fresh bid to win seat

Rising prices are not just concentrated in energy categories