Trump threatens to impose 50% tariff on Brazil

US president accuses country of launching a ‘witch-hunt’ against its former leader Jair Bolsonaro
UK and France vow to co-ordinate nuclear weapons for first time

Announcement marks increase in co-operation between allies amid growing threat from Russia
Fed says most policymakers see risks tariffs will cause ‘persistent’ inflation

Minutes from US central bank’s June meeting highlight schism over effect of Donald Trump’s levies
Revolut in talks to raise new funding at $65bn valuation

Fintech aiming to secure $1bn from investors in private round led by Greenoaks
Don’t believe the myth: Britain’s services have been hit hard by Brexit

Export growth has been strong but not lived up to its potential
Trump set to visit Scotland this summer

US president has no plans to meet King Charles when travelling to his own golf course