Donald Trump’s big, beautiful act of self-harm

Many Republicans could lose their seats in Congress as a result of the president’s reverse Robin Hood budget
Eurozone inflation rose to ECB’s 2% target in June

Interest rates expected to be kept on hold at next meeting
Southern Water secures £1.2bn fresh equity from Macquarie

Deal with Australian investor will see lenders including Ares and Westbourne take a haircut on their debt
Labour braces for biggest rebellion of Starmer era over welfare reform

Some 39 MPs back new amendment designed to kill bill ahead of Tuesday vote
Trump suggests US government review subsidies to Musk’s companies

Rift between two men deepens as Musk criticises White House flagship tax bill
Japan digs in on rice and cars as US trade talks stall

Trump criticises ‘spoiled’ Tokyo over trade deficit ahead of tariff deadline