Shares in New York and London tumble on fears of US recession

FTSE 100 on track for its lowest close since April and Japan’s Nikkei suffers biggest fall since crash of 1987

Wood Group suitor pulls out of takeover, blaming market turmoil

Shares in FTSE 250 company slump 37% in early trading after Dubai-based Sidara cites geopolitical risk

Though tiny compared with rivals, English wine trade is thriving as climate crisis fuels flood of new capital from investors

Analysts await key services sector metric to gauge US vulnerability to recession as stocks in Middle East fall amid regional tension

Trade bodies blame lack of lab facilities at Brexit border posts for longer delays and shorter shelf life of food

Too many nations, including China and India, are relying on outmoded strategies to become advanced economies, says report

Regions’ vast potential is being blocked by the need for better investments, key partnerships and reforms to global finance

Editorial: Britain has a historic responsibility to back global attempts to properly regulate the world of offshore financial centres

$10 UberEats vouchers sent to people who helped after global IT outage are flagged as potential fraud

Spending on health and education being cut as nearly half of budgets are used to pay creditors, campaigners say

The attempt on the former president’s life may well result in a new era of trade tariffs, protectionism and a weak dollar

Warning comes as Bank of England policymakers say price growth in service sector could become embedded

Shein failed to list in the US and now the EU is planning customs duties that may dent its business model

Brussels move to end tax loophole exploited by China-linked marketplaces could also hit Shein’s planned London listing

Strong mandate for Keir Starmer’s party should help restore Britain’s ‘safe haven’ status, knocked by Liz Truss and Brexit