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Trump says he may ‘have to force something’ on interest rates

President calls Federal Reserve chair Jay Powell a ‘numbskull’ for not reducing borrowing costs

Trump warns Israeli strike on Iran could ‘very well happen’

US president ratchets up pressure on Tehran ahead of crunch talks on nuclear programme this weekend

BlackRock sets $400bn fundraising target to take on private capital giants

Asset manager unveils ambitious goal as part of plan to double market capitalisation by 2030

US universities campaign against tax increase in Trump’s ‘big, beautiful bill’

Spending on lobbyists surges ahead of Senate decision on US president’s key fiscal legislation

Falling alcohol sales have Big Booze over a barrel

The downturn has been most noticeable among producers of wine and spirits

Barbie-maker Mattel partners with OpenAI to make artificial intelligence child’s play

Toymaker and tech group team up to ‘bring the magic of AI to age-appropriate play experiences’

More than 240 dead after Air India flight to London crashes

Boeing 787 came down in Ahmedabad shortly after take-off

It is time to reform the ECHR

Without compromising its values, the rights treaty’s application needs updating

UK economy suffers worst monthly contraction since 2023

April’s GDP decline of 0.3% highlights chancellor’s challenge to kick-start growth

Protests erupt in Nairobi over death in custody of young blogger

Kenyan demonstrators clash with police near parliament as Ruto’s government tries to pass budget

Harvey Weinstein found guilty on sexual assault charge in retrial

Jury acquits former Hollywood mogul on another count and has yet to decide on a third charge

FTSE 100 closes at record high as investors hunt for alternatives to US stocks

UK benchmark recovers from sell-off following Donald Trump’s ‘liberation day’ tariffs

Dollar sinks to three-year low on Trump tariff threat

US currency falls sharply after president says he will set new levies on trading partners in next two weeks

Trump ready to enact key parts of US-UK trade deal within days

Elements of agreement covering British cars and US beef and ethanol could be signed off by end of the week

Trump’s tax bill would be a boon for richest Americans, says watchdog

Congressional Budget Office believes legislation will leave poorest worse off

Reeves’ spending plans meet reality of ageing population

Also in this week’s newsletter, funding for new houses is not what it seems

Americana style – it’s not just for cowboys

Elevate classic tailoring with a twist of Taos

Tornado — the samurai Spaghetti Western comes to Georgian Britain

Japanese singer-songwriter Kōki stars as a young woman on the run, with Tim Roth and Jack Lowden supporting

Lollipop — a single mother vs the Social Services system

Daisy-May Hudson’s urgent fiction debut has an intense performance from Posy Sterling and echoes of Ken Loach

How to Train Your Dragon — live-action remake struggles to match the original

Mason Thames as young Hiccup is a rare focus of calm amid the clanging, roaring and manic editing

Julianne Moore stars in ‘Echo Valley’, a twisty thriller with echoes of Hitchcock; the samurai Western comes to Georgian Britain in ‘Tornado’; a single mother takes on Social Services in ‘Lollipop’; ‘How to Train Your Dragon’ remake struggles to match the original; choreographed mayhem in John Wick