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US treasury secretary says at WEF in Davos that countries and companies should pause and ‘let things play out’Business live – latest updatesThe US treasury secretary, Scott Bessent, has urged European countries not to retaliate against the…

Rolling coverage of the World Economic Forum in Davos, where European Commission president says Europe must respond to geopolitical shocksScott Bessent then denies that European Union countries, and the UK, could exercise the “nuclear…

Government stresses deal was previously welcomed by US as Starmer’s chief secretary insists diplomacy with Trump is workingJack Straw, a former Labour foreign secretary, has praised Keir Starmer for the way he is handling Donald Trump.…

US president says on social media that Britain’s decision to cede islands to Mauritius is ‘act of total weakness’ Donald Trump has suggested Britain’s decision to cede the Chagos Islands to Mauritius is among the reasons he wants to take…

Court will consider legality of state law banning guns on private property open to the public unless owner allows itHawaii, which has some of the strictest gun laws in the United States, will see its regulations challenged before the…

Chancellor, who flies to Davos on Tuesday, will announce changes aimed at encouraging global firms to bring highly skilled staff to BritainRachel Reeves will pledge to refund visa fees for some global businesses on Tuesday, as she flies to…

Ex-deputy PM says government must stick to plans to cap charges for leaseholders in England and WalesAngela Rayner has urged Keir Starmer to stick to his campaign pledge to cap ground rents for leaseholders in England and Wales, as cabinet…

Government, Bank of England and FCA criticised for taking ‘wait-and-see’ approach to AI use in financial sectorConsumers and the UK financial system are being exposed to “serious harm” by the failure of government and the Bank of England…