Euro has ‘clear path’ towards greater reserve currency use, says Eurogroup president
Paschal Donohoe’s comments come as investors speculate over shift in US dollar’s dominant role
Turkey cuts interest rates to 42.5% after inflation falls to 2-year low
Borrowing costs reduced for third month running after price rises ease to below 40 per cent for first time since June 2023
US grain prices tumble as trade war sparks fears of glut
Wheat and soyabean fall as China and Canada impose retaliatory tariffs on foodstuffs
BP chief paid £2.4mn less last year after failure to meet targets
Murray Auchincloss’s share awards drop sharply to £2.75mn, compared with £4.36mn in 2023
ECB cuts interest rate to 2.5%
Rate-setters shift tone, suggesting possible pause to reductions in borrowing costs
ITV shares surge as profits more than double
Chief Carolyn McCall defends current model but says board is open to review it
Admiral delivers record annual results as UK motor insurance profits surge
Group’s pre-tax profits up 90% as it declares final dividend more than twice 2023 level
Trump’s tariffs are America’s own worst enemy
The White House reprieve on auto levies shows how self-inflicted damage beats retaliation from trading partners
Why the art trade should learn to love forensics
Forgers know how to exploit a business which prefers gentlemen’s agreements to scientific analysis. Authentification requires more rigour
Swiss industrial giant says Trump tariffs will create ‘inflationary environment’
Also in today’s newsletter, just 36 companies accounted for half of global emissions in 2023