Business & Finance

Elon Musk has revealed plans for a stock market flotation of SpaceX that looks set to raise a record sum and could make him the world's first trillionaire.

Tech giant Meta has laid off 10% of its workforce - as chief executive Mark Zuckerberg warns that "success isn't a given".

The world's most valuable company has reported another series of record-breaking and expectation-defying results, easing fears, for now, of a slowdown in the AI boom.

The government has moved to distance itself from reported efforts to introduce price caps on key supermarket products, such as eggs, bread and milk, in return for the easing of some regulations.

The UK government has watered-down sanctions on Russia, allowing diesel and jet fuel from Russian crude oil to enter the UK if it is refined in other countries.

The US government has agreed to permanently drop any past tax claims against President Donald Trump, his family and companies.

A high-speed train line between London and Birmingham will be more expensive, take longer to make and go slower than previously announced.

The UK's jobless rate has ticked up to 5% and the pace of basic wage growth has eased further as the country faces down a fresh energy-led price shock.

Standard Chartered bank could cut more than 7,500 jobs as it seeks to replace "lower-value human capital" under a technology and artificial intelligence (AI) drive.