UBS orders bankers to scale back sale of complex currency products

Swiss bank has told advisers to stop pitching foreign exchange derivatives to many clients after losses
Bain & Co shuts South Africa consulting business after corruption scandal

Advisory group’s Johannesburg office to become ‘a services hub supporting global operations’
The Sensodyne formula for marketing to the world

The UK consumer health group Haleon is using a practised strategy to introduce its brands more widely
Trump’s tariff blitz brings US levies to highest levels since 1930s

Washington has locked in tariffs on almost 45% of American imports
Reeves and Bailey clash over Revolut meeting

Chancellor’s aim to discuss fintech becoming fully fledged bank thwarted by BoE governor
Europe’s roads and rail unfit for war with Russia, EU transport chief warns

Brussels aims to spend €17bn on upgrading transport networks to be prepared for conflict