Prices for oil cargoes hit record highs as Trump Iran deadline nears
President warns ‘whole civilization will die tonight’ if Tehran does not strike deal by 8pm ET
Bill Ackman’s Pershing offers to buy Universal Music in €55bn deal
Proposed transaction would combine world’s largest music group with a blank-cheque company
Unions prepare for UK public sector pay push as inflation bites
As resident doctors strike in England, other unions weigh how to contest pay squeeze in a weaker labour market
Anthropic rolls out cyber AI model days after source code leak
Claude Mythos opened to Amazon, Microsoft and Apple to detect hidden software vulnerabilities
Bill Ackman strikes a chord with Universal bid
But financier needs the backing of Vincent Bolloré and his Vivendi media group
UK signals it will not let US use British bases to attack Iran’s civilian infrastructure
Downing Street reiterates that Iran conflict ‘isn’t our war’
UK businesses to increase use of dynamic prices, BoE survey finds
Controversy over sky-high prices for Oasis reunion tour prompted prime minister to launch a regulatory review
Sudan’s grassroots groups — a model in the midst of war
The Emergency Response Rooms are a template for aid delivery elsewhere
Aldermore Bank put up for sale after owner attacks UK car finance redress scheme
South Africa’s FirstRand says industry-wide £9.1bn programme is ‘deeply flawed’
Russian military hackers reroute British internet users’ traffic
UK National Cyber Security Centre warns that vulnerable routers will let attackers steal passwords and log-in details
Trump and Vance back Orbán ahead of Hungary’s election
US vice-president travels to Budapest in show of support for prime minister and Maga ally
Commerzbank clashes with UniCredit over failed takeover talks
German bank hits back after Italian lender accused it of failing to engage
Reform UK accused of risking economy with visa threat over reparations
Populist party says it would bar citizens of countries demanding compensation over transatlantic slave trade
Oil shock sorts cruise lines into the hedged and hedged nots
Carnival is paying the price for not locking in its fuel exposure when compared to competitors
The Authenticator — incisive drama explores the toxic legacy of slavery in England
The play, at London’s National Theatre, follows a Black academic who is called on to authenticate 18th-century journals — only to discover a dreadful past
What Am I, A Deer? — Polly Barton’s love letter to karaoke
The translator’s debut novel is a funny, moving and skilfully crafted story of obsession, performance and the fantasies that drive people to action
Why an airport water-art display may spark US airline consolidation
JetBlue’s viability as a standalone entity hinges on a plethora of factors it has little control over
The big state gamble on prediction markets
Fights over regulation could reshape the US federal system of government
The war to break Iran’s economy
Iranians fear Trump’s threats against ‘whole civilization’ are part of an onslaught on fabric of nation
Blackstone and Tinicum agree £1.4bn deal for UK aerospace supplier Senior
Sale would mark latest takeover of a London-listed industrial group
IMF warns of emerging markets’ exposure to ‘flighty’ hedge funds
Non-bank lenders rapidly reduce holdings of EM debt during shocks such as the Iran war, analysis suggests
Hedge funds make record bets against European stocks
Short positions rise sharply as traders eye economic fallout from Iran war
BP chair faces re-election battle after board blocks climate resolution
Glass Lewis recommends voting against Albert Manifold at annual meeting, while L&G also plans to oppose him
Kanye West banned from entering UK after antisemitism dispute
Wireless Festival cancels event due to take place in London in July after US rapper is stopped from travelling to Britain