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Mercedes-Benz profits slump as revamp costs and US tariffs take toll
German carmaker maintains full-year guidance despite further hit from weak Chinese demand
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Trump administration quietly pays overdue WTO fees
Decision comes after eight-month stand-off as US reviewed payments to international institutions
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Mittal joint venture says it has stopped buying Russian oil
Statement follows FT reporting on crude purchases that had been transported on sanctioned vessels
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Fed signals it will halt QT as it cuts rates by a quarter point
Moves ease funding conditions amid signs of stress in money markets and weakness in labour market
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Porsche-Piëch family explores investing in €6bn VW diesel engine unit
Proposed carve-out of Everllence has also attracted preliminary interest from private equity firms including EQT
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‘Cable cowboy’ John Malone to step down from media and telecoms empire
Tycoon is relinquishing board roles at Liberty Media and Liberty Global after buccaneering 50-year career
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Tech bosses back Rachel Reeves’ plans to overhaul cash Isas
Company chiefs support chancellor’s goal to reduce tax-free allowance in face of building society opposition
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Starmer refuses to stand by manifesto tax pledge
Labour has previously promised it will not raise income tax, employee national insurance or value added tax in Budget
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