US long-term borrowing costs touch highest level since 2004

Rising yields strain public finances after brutal sell-off in US Treasuries market

Netanyahu addresses UN summit

Israeli leader’s speech comes on high-profile day for international relations as Donald Trump hosts Xi Jinping at the White House

Goldman reaped more than $200mn in fees from hedge fund Situational Awareness

Barely two-year-old AI-focused investment firm became biggest client of Wall Street bank’s prime brokerage unit

Xi says US and China must ‘coexist in peace’ in historic White House visit

The Chinese leader is meeting his US counterpart Donald Trump in Washington for wide-ranging talks between the superpowers

The AI agent revolution has moved a big step closer

Launch of Muse by Meta has provided a glimpse of how the technology could be turned into a mass-market product

Oracle feels the force

Majeure problem?

Burnham under pressure to lobby Trump on US diesel export ban

Reform’s Robert Jenrick contacts Trump administration as prices at UK pumps near record high

Russia’s $6.9bn sanctions evasion scheme

Western punitive measures have forced Moscow into costly workaround efforts

White House says it has restored access to banned press outlets

Journalists at CNN, MS Now and Politico say they were initially turned away

City of London wins approval for skyscraper plan

Conservationists worry that views of the Tower of London will suffer if more blocks are built in the financial district

Is the UK electorate fragmenting? Not so fast

The battle between Labour and the Conservatives for national dominance has given way to multiple local fights to be in the top two

US mortgage rates breach 7% as affordability pressures mount

Surging yields on government bonds and rising oil prices from the war in Iran drive inflation fears as national elections near

Russia raises taxes to fund its war in Ukraine

Moscow to increase dividend tax on foreign investors and introduce windfall taxes on gold and metals producers

Tax-free UK pension withdrawals have doubled since Labour came to power

Fears of tax relief cut driving ‘damaging decisions’ by savers

UAE halts Iranian flights over US sanctions

Route is latest to pause operations after Washington imposed fresh curbs on Iranian airlines

Six films to watch this week

‘Sense and Sensibility’ gives Jane Austen a Gen Z makeover; Brad Pitt and his dog battle for survival in ‘Heart of the Beast’; ‘Hope’ is a pulsating Korean action spectacular; soap and sci-fi meet in ‘Her Private Hell’; Juliette Binoche and Tom Courtenay lead the outstanding ‘Queen at Sea’; ‘Residen

GoDaddy receives takeover offer from maker of Norton antivirus software

Talks between web domain provider and Gen Digital at early stage but could allow acquirer to broaden its business beyond cyber security

Rate rise ‘increasingly likely’ if energy price shock persists, says BoE official

Clare Lombardelli says there would be limits to companies’ ability to absorb high energy prices

MPs to consider whether Bank of England’s remit is ‘fit for purpose’

Inquiry comes against backdrop of populist pressure on central banks in many countries

Isabel Schnabel to leave ECB early to join IMF

Departure will open door to major reshuffle at top of central bank

Her Private Hell — Nicolas Winding Refn returns with more hyper-stylised hokum

Sophie Thatcher plays a movie star living in a sci-fi future in a film that combines soapy drama with flashbacks to postwar Tokyo

Hope is a big-budget Korean blockbuster bursting with berserker glee

Director Na Hong-jin whips up a breathless action spectacle about a mysterious force rampaging through a sleepy small town

HSBC axes $26,000 perk for Hong Kong bankers to join members’ clubs

UK lender overhauls historic benefits for employees working in the territory as it seeks greater alignment with Hang Seng staff

Beyond the AI abundance delusion

Concerns about inequality are likely to increase rather than decline as the technology transforms our societies