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Trafigura to float supertanker arm in first IPO of a business

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Fuel subsidies weigh on public finances as energy crisis deepens

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Why the world’s hottest stock market is a national liability

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Fed and BoE step up scrutiny of bank exposure to trading firms after Jane Street loss

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Western companies lag China in sodium battery race

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Lex in depth: Anthropic at $2tn isn’t far-fetched

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Nik Storonsky’s plan for Revolut: a global bank with ‘effectively zero risk’

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US and China agree to dialogue on AI ahead of Trump-Xi meeting

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Germany’s Merz stands his ground but for how long?

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A UN gathering notable for its absences

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Lula, Costa, Ruto and Carney: Multilateralism is not idealism, it is a necessity

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German chancellor Merz’s CDU party set to suffer heavy losses in regional elections

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Trump says 250ft arch will be ‘military complex’ with drones and snipers

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Wall Street expects US to issue about $1tn of short-term debt as borrowing costs climb

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AI is a powerful but problematic new collaborator in mathematics

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CATL develops pick-up truck batteries for US despite trade barriers

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Ukraine hits Moscow with ‘largest ever’ drone attack

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US retailer rations motor oil as prices quadruple and supplies run dry

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Big Tech uses guarantees to keep $300bn of AI exposure off balance sheets

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Billionaire Tata scion faces battle of his life to avert a listing

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