US producer prices tumble in April as tariffs squeeze profit margins

Wholesale inflation falls, but economists warn businesses are yet to pass on the higher costs of trade levies
Trump says no deal on Ukraine until he meets Putin

US president dampens expectations about Ukrainian-Russian talks in Turkey
How not to fight populism: a lesson from Romania

The real culprits for the rise of the right are the complacent parties who have ruled since the 1989 revolution
Sheikh Tahnoon’s IHC nears deal for stake in Caring’s Ivy hospitality empire

Talks between Abu Dhabi royal’s holding company and ‘King of Mayfair’ could lead to a deal worth over £1bn
GDP surge gives Reeves only brief respite from economic challenge

Better than expected figures could still leave chancellor needing to raise taxes or cut spending in autumn, analysts say
Trump’s trade war risks US capital flight, warns hedge fund Elliott

Tariff policies could cause ‘enormous’ damage, $73bn firm says in letter to investors