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UK’s Powell contacted Moscow in bid to build back channel to Putin
One-off phone call between national security adviser and Russia’s foreign policy aide said to have ‘not gone well’
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What if the AI race isn’t about chips at all?
Availability of electricity to keep models running is becoming the critical factor in technology’s development
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Starmer vows to fight on as Streeting’s allies deny leadership challenge
Party’s MPs grow frustrated with prime minister’s leadership as crucial Budget nears
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US drug regulator promotes veteran to quell unrest in top ranks
Elevation of Richard Pazdur expected to improve FDA staff morale and smooth relations with the pharmaceutical industry
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Why is Rachel Reeves facing such a big fiscal hole in the Budget?
Shortfall of up to £30bn is due to Labour policy choices, not just adverse economic forecasts
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BoE’s Bailey says QE will offset its costs in the long term
Bank governor responds to investors and politicians after the value of its holdings of UK government bonds fell
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Warnings from the private credit wobble
Investors and regulators should sharpen scrutiny of risky lending practices and interlinkages
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Mercedes F1 chief Toto Wolff to sell stake at $6bn valuation
Team principal and co-owner in advanced talks over deal that would set record valuation for an F1 team
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