US banks would lose $700bn in economic crash, Fed stress tests find
JPMorgan and Goldman Sachs boost dividends after receiving pass marks
Bitcoin hits 20-month low as market sentiment sours
Price of world’s most actively traded digital asset falls below $60,000 amid shift by retail investors to AI-related stock bets
Disney draws viewer support in deepening fight against Trump administration
Media group calls on audience to join its defence against attacks by chair of Federal Communications Commission
Wimbledon tennis stars plan protest despite 20% rise in prize money
Campaign that kicked off at Roland-Garros has won support of top players including Jannik Sinner
Predictions market Kalshi in talks to raise funds at $40bn valuation
Rapidly growing company is increasingly challenging established derivatives and betting rivals
UAE billionaire’s son revealed as buyer of £190mn London mansion
Abbas Sajwani, son of the ‘Donald of Dubai’, set to make one of the UK’s most expensive purchases
UK regulator drops probe into ‘Essex Boys’ traders after they offer to pay £1mn to charity
FCA concerned over possible collusion in group that reportedly made hundreds of millions of dollars betting on oil
UK business rejects call to set maximum working temperature
Trades Union Congress has previously called for an indoor limit of 30C
Trump scraps signing of US housing affordability bill
Bipartisan legislation is designed to boost supply and curb institutional investors’ role in property market
UK takeover targets are right to set the bar high
Rejecting bids is not a riskless strategy. But this time boards may have a point
Autocrat’s daughter Keiko Fujimori on track to win Peru election
Rightwing candidate’s opponent has pledged to contest result of presidential run-off vote
Prosus leads €480mn investment in French health tech start-up Alan
Paris-based group raises one of Europe’s biggest non-AI start-up rounds this year
Latin America’s shallow shift to the right
Colombia and other recent polls highlight polarisation rather than a decisive swing
Credible deterrence requires a new Nato bank
Capital rules prevent the defence ecosystem from getting financing at the volume it needs from commercial lenders
Top Andy Burnham pick advised Thames Water creditors
James Purnell’s previous role running consultancy Flint Global has raised concerns about conflicts of interest
Everything is AI
A Nightmare on LLM Street
Can playing video games unearth your next CEO?
When candidates take part in a crisis simulation, it exposes reactions under pressure
UK banks defeat watchdog in legal battle over historic loan complaints
High Court rules that Financial Ombudsman Service unlawfully allowed consumers to challenge terms beyond 6-year limit
Britain’s grid operator called for more electricity as temperatures soar
Extreme heat increases demand for power and reduces efficiency of solar panels
The best theatre shows to see in London and beyond
Exhibition — the uneasy boundary between art, identity and class
Alex Hyde’s novel about the relationship between a photographer and an artist with parallels to Tracey Emin raises questions about who gets to be seen as a genius
Rheinmetall shares plunge after Germany scraps warship project
Berlin’s move to ditch frigate programme overshadows plans for listing of tankmaker KNDS
The emigrants Israel can’t afford to lose
Those inclined to leave are the ones sustaining what’s left of the country’s liberal democracy
Red alerts across UK and Europe as heatwave takes a grip
‘London is cooking’, says UN secretary-general, as temperatures reach a new record for June